Xylem’s (XYL) “Outperform” Rating Reaffirmed at Oppenheimer

Oppenheimer reissued their outperform rating on shares of Xylem (NYSE:XYL) in a report published on Wednesday,Benzinga reports. The firm currently has a $160.00 price target on the industrial products company’s stock, down from their previous price target of $165.00.

Other research analysts have also recently issued research reports about the company. Barclays dropped their price target on Xylem from $166.00 to $156.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 11th. The Goldman Sachs Group set a $158.00 price objective on Xylem in a report on Wednesday, February 11th. Wall Street Zen cut Xylem from a “buy” rating to a “hold” rating in a research note on Saturday, December 27th. Robert W. Baird set a $161.00 price objective on shares of Xylem in a report on Wednesday, February 11th. Finally, Citigroup cut their target price 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. Ten research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $155.54.

Xylem Stock Up 2.7%

Xylem stock opened at $122.73 on Wednesday. The firm has a 50 day moving average price of $128.43 and a 200-day moving average price of $137.98. The company has a quick ratio of 1.28, a current ratio of 1.62 and a debt-to-equity ratio of 0.12. Xylem has a twelve month low of $100.47 and a twelve month high of $154.27. The company has a market capitalization of $29.84 billion, a P/E ratio of 31.31, a P/E/G ratio of 1.71 and a beta of 1.18.

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

Xylem announced that its Board of Directors has initiated a share repurchase program on Wednesday, February 25th that authorizes the company to buyback $1.50 billion in outstanding shares. This buyback authorization authorizes the industrial products company to buy up to 4.8% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board believes its stock is undervalued.

Xylem Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 24th. Investors of record on Tuesday, February 24th were paid a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date was Tuesday, February 24th. This is a positive change from Xylem’s previous quarterly dividend of $0.40. Xylem’s dividend payout ratio is presently 43.88%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of XYL. J. Stern & Co. LLP grew its position in Xylem by 12,326.6% during the fourth quarter. J. Stern & Co. LLP now owns 45,448,168 shares of the industrial products company’s stock worth $6,189,132,000 after buying an additional 45,082,435 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Xylem by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 30,054,743 shares of the industrial products company’s stock valued at $4,092,855,000 after acquiring an additional 152,507 shares in the last quarter. State Street Corp raised its holdings in shares of Xylem by 2.6% in the 4th quarter. State Street Corp now owns 11,233,427 shares of the industrial products company’s stock valued at $1,529,768,000 after acquiring an additional 280,221 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Xylem by 2.4% during the 4th quarter. Geode Capital Management LLC now owns 6,357,278 shares of the industrial products company’s stock valued at $862,364,000 after acquiring an additional 151,754 shares during the last quarter. Finally, Amundi grew its holdings in shares of Xylem by 17.0% during the second quarter. Amundi now owns 5,714,576 shares of the industrial products company’s stock worth $730,717,000 after purchasing an additional 830,337 shares in the last quarter. 87.96% of the stock is owned by institutional investors.

Xylem Company 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.