Arizona State Retirement System Has $9.10 Million Position in Xylem Inc. $XYL

Arizona State Retirement System lowered its holdings in Xylem Inc. (NYSE:XYL) by 6.9% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 66,806 shares of the industrial products company’s stock after selling 4,951 shares during the quarter. Arizona State Retirement System’s holdings in Xylem were worth $9,098,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in XYL. Chicago Partners Investment Group LLC lifted its holdings in shares of Xylem by 27.6% during the fourth quarter. Chicago Partners Investment Group LLC now owns 3,274 shares of the industrial products company’s stock worth $462,000 after buying an additional 708 shares during the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lifted its holdings in shares of Xylem by 1.9% during the fourth quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 7,900 shares of the industrial products company’s stock worth $1,109,000 after buying an additional 144 shares during the last quarter. Teacher Retirement System of Texas lifted its holdings in shares of Xylem by 42.2% during the fourth quarter. Teacher Retirement System of Texas now owns 74,407 shares of the industrial products company’s stock worth $10,133,000 after buying an additional 22,065 shares during the last quarter. HB Wealth Management LLC lifted its holdings in shares of Xylem by 3.4% during the fourth quarter. HB Wealth Management LLC now owns 7,140 shares of the industrial products company’s stock worth $972,000 after buying an additional 232 shares during the last quarter. Finally, Boston Trust Walden Corp lifted its holdings in shares of Xylem by 102.1% during the fourth quarter. Boston Trust Walden Corp now owns 7,542 shares of the industrial products company’s stock worth $1,027,000 after buying an additional 3,810 shares during the last quarter. Institutional investors and hedge funds own 87.96% of the company’s stock.

Xylem Stock Performance

NYSE:XYL opened at $121.56 on Friday. Xylem Inc. has a 12-month low of $114.49 and a 12-month high of $154.27. The company has a quick ratio of 1.28, a current ratio of 1.62 and a debt-to-equity ratio of 0.12. The firm has a market capitalization of $29.56 billion, a PE ratio of 31.01, a price-to-earnings-growth ratio of 1.75 and a beta of 1.18. The firm has a 50-day moving average price of $124.09 and a 200 day moving average price of $135.56.

Xylem (NYSE:XYL) last posted its quarterly earnings results on Tuesday, February 10th. The industrial products company reported $1.42 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.42. Xylem had a net margin of 10.59% and a return on equity of 11.11%. During the same period last year, the firm earned $1.18 earnings per share. Xylem’s revenue for the quarter was up 6.3% on a year-over-year basis. Xylem has set its FY 2026 guidance at 5.350-5.560 EPS. Research analysts anticipate that Xylem Inc. will post 5.47 earnings per share for the current fiscal year.

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

Xylem Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 24th. Investors of record on Tuesday, February 24th were given a $0.43 dividend. This represents a $1.72 annualized dividend and a yield of 1.4%. This is a boost from Xylem’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend was Tuesday, February 24th. Xylem’s dividend payout ratio (DPR) is currently 43.88%.

Analysts Set New Price Targets

XYL has been the subject of several research reports. Weiss Ratings cut shares of Xylem from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, April 6th. UBS Group reiterated a “neutral” rating and issued a $132.00 target price (down from $152.00) on shares of Xylem in a research note on Tuesday. JPMorgan Chase & Co. reduced their target price on shares of Xylem from $170.00 to $160.00 and set an “overweight” rating for the company in a research note on Thursday, April 16th. Jefferies Financial Group reiterated a “hold” rating and issued a $130.00 target price (down from $140.00) on shares of Xylem in a research note on Tuesday, March 31st. Finally, Wall Street Zen cut shares of Xylem from a “buy” rating to a “hold” rating in a research note on Saturday, December 27th. Eight analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $153.77.

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.