Covea Finance Increases Position in Xylem Inc. $XYL

Covea Finance raised its position in shares of Xylem Inc. (NYSE:XYL) by 2.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 236,147 shares of the industrial products company’s stock after buying an additional 4,600 shares during the period. Covea Finance owned about 0.10% of Xylem worth $32,158,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also modified their holdings of the company. SJS Investment Consulting Inc. raised its holdings in shares of Xylem by 1,844.4% in the 3rd quarter. SJS Investment Consulting Inc. now owns 175 shares of the industrial products company’s stock valued at $26,000 after buying an additional 166 shares during the period. Knuff & Co LLC purchased a new position in Xylem during the 3rd quarter valued at about $27,000. Board of the Pension Protection Fund acquired a new position in Xylem in the 4th quarter valued at about $27,000. Wexford Capital LP purchased a new stake in Xylem during the third quarter worth about $27,000. Finally, First Horizon Corp purchased a new stake in Xylem during the third quarter worth about $30,000. 87.96% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the stock. Mizuho set a $138.00 price objective on shares of Xylem in a research note on Wednesday, February 11th. Royal Bank Of Canada dropped their price objective on shares of Xylem from $176.00 to $162.00 and set an “outperform” rating for the company in a report on Wednesday, February 11th. William Blair initiated coverage on shares of Xylem in a report on Monday, January 26th. They set an “outperform” rating on the stock. Citigroup decreased their price target on shares of Xylem from $182.00 to $174.00 and set a “buy” rating for the company in a research report on Wednesday, February 11th. Finally, The Goldman Sachs Group set a $158.00 price target on shares of Xylem in a research note on Wednesday, February 11th. Nine investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, Xylem has a consensus rating of “Moderate Buy” and an average target price of $158.08.

Xylem Stock Down 0.2%

XYL opened at $120.30 on Friday. Xylem Inc. has a one year low of $100.47 and a one year high of $154.27. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.28 and a current ratio of 1.62. The stock has a market capitalization of $29.25 billion, a P/E ratio of 30.69, a price-to-earnings-growth ratio of 1.72 and a beta of 1.17. The business’s 50-day simple moving average is $132.03 and its 200-day simple moving average is $139.12.

Xylem (NYSE:XYL) last announced its earnings results on Tuesday, February 10th. The industrial products company reported $1.42 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.42. Xylem had a return on equity of 11.11% and a net margin of 10.59%.The company’s revenue was up 6.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.18 earnings per share. Xylem has set its FY 2026 guidance at 5.350-5.560 EPS. Analysts anticipate that Xylem Inc. will post 4.65 EPS for the current year.

Xylem Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 24th. Stockholders of record on Tuesday, February 24th will be issued a $0.43 dividend. The ex-dividend date of this dividend is Tuesday, February 24th. This is an increase from Xylem’s previous quarterly dividend of $0.40. This represents a $1.72 annualized dividend and a dividend yield of 1.4%. Xylem’s dividend payout ratio is currently 43.88%.

Xylem declared that its Board of Directors has approved a share repurchase plan on Wednesday, February 25th that allows the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization allows the industrial products company to purchase up to 4.8% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.

Xylem Profile

Xylem Inc (NYSE: XYL) is a global water technology company that designs, manufactures and services engineered systems and equipment for the transport, treatment, testing and efficient use of water. Its product portfolio spans pumps and pumping systems, valves, filtration and disinfection equipment, sensors and analytical instruments, and digital solutions for monitoring and control of water infrastructure. Xylem serves the full water cycle with offerings for water and wastewater utilities, industrial customers, commercial and residential buildings, and agricultural applications.

The company was established as an independent publicly traded company in 2011 following a corporate spin-off from ITT Corporation and is headquartered in Rye Brook, New York.