AIA Group Ltd Increases Stock Position in Xylem Inc. $XYL

AIA Group Ltd raised its holdings in shares of Xylem Inc. (NYSE:XYL) by 108.1% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 10,539 shares of the industrial products company’s stock after purchasing an additional 5,475 shares during the period. AIA Group Ltd’s holdings in Xylem were worth $1,259,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Wexford Capital LP purchased a new stake in shares of Xylem during the third quarter valued at $27,000. Commonwealth Retirement Investments LLC purchased a new position in Xylem in the 4th quarter worth about $27,000. Entrust Financial LLC bought a new position in Xylem during the 4th quarter valued at about $45,000. FWL Investment Management LLC purchased a new stake in shares of Xylem during the 2nd quarter valued at about $43,000. Finally, Hilton Head Capital Partners LLC purchased a new stake in shares of Xylem during the 4th quarter valued at about $45,000. Institutional investors own 87.96% of the company’s stock.

Insider Activity

In other news, CAO Geri-Michelle Mcshane sold 4,269 shares of Xylem stock in a transaction that occurred on Thursday, May 7th. The stock was sold at an average price of $117.46, for a total value of $501,436.74. Following the completion of the transaction, the chief accounting officer owned 3,605 shares in the company, valued at approximately $423,443.30. The trade was a 54.22% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jerome A. Peribere bought 1,210 shares of the business’s stock in a transaction dated Monday, May 4th. The shares were bought at an average cost of $116.61 per share, for a total transaction of $141,098.10. Following the transaction, the director owned 27,209 shares in the company, valued at approximately $3,172,841.49. The trade was a 4.65% increase in their position. The SEC filing for this purchase provides additional information. 0.32% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Citigroup decreased their price objective on shares of Xylem from $174.00 to $168.00 and set a “buy” rating for the company in a report on Wednesday, April 29th. CLSA upgraded shares of Xylem to a “hold” rating in a report on Thursday, June 25th. Royal Bank Of Canada lifted their target price on shares of Xylem from $157.00 to $159.00 and gave the stock an “outperform” rating in a research report on Thursday. Stifel Nicolaus decreased their target price on shares of Xylem from $159.00 to $157.00 and set a “buy” rating for the company in a research note on Monday. Finally, Barclays lowered their price target on Xylem from $156.00 to $154.00 and set an “overweight” rating on the stock in a report on Wednesday, April 29th. Eight equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Xylem presently has a consensus rating of “Moderate Buy” and an average target price of $153.15.

Xylem Stock Down 1.6%

Shares of XYL stock opened at $120.82 on Tuesday. Xylem Inc. has a 12 month low of $105.29 and a 12 month high of $154.27. The company has a 50 day simple moving average of $113.40 and a two-hundred day simple moving average of $123.26. The stock has a market cap of $28.72 billion, a P/E ratio of 30.05, a P/E/G ratio of 1.75 and a beta of 1.03. The company has a current ratio of 1.46, a quick ratio of 1.10 and a debt-to-equity ratio of 0.13.

Xylem (NYSE:XYL) last released its earnings results on Tuesday, April 28th. The industrial products company reported $1.12 earnings per share for the quarter, beating analysts’ consensus estimates of $1.09 by $0.03. Xylem had a net margin of 10.79% and a return on equity of 11.26%. The company had revenue of $2.12 billion for the quarter, compared to analysts’ expectations of $2.11 billion. During the same quarter in the previous year, the company earned $1.03 EPS. Xylem’s revenue for the quarter was up 2.7% on a year-over-year basis. Xylem has set its FY 2026 guidance at 5.350-5.600 EPS. On average, research analysts expect that Xylem Inc. will post 5.51 earnings per share for the current year.

Xylem Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 25th. Stockholders of record on Thursday, May 28th were issued a $0.43 dividend. The ex-dividend date was Thursday, May 28th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 1.4%. Xylem’s payout ratio is 42.79%.

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.