American Century Companies Inc. Buys 19,239 Shares of Xylem Inc. $XYL

American Century Companies Inc. grew its stake in Xylem Inc. (NYSE:XYL) by 1.3% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,463,792 shares of the industrial products company’s stock after purchasing an additional 19,239 shares during the quarter. American Century Companies Inc. owned approximately 0.60% of Xylem worth $215,909,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. Norges Bank bought a new position in Xylem during the 2nd quarter valued at $338,232,000. ABN AMRO Bank N.V. purchased a new stake in shares of Xylem in the second quarter valued at about $208,226,000. Swedbank AB lifted its position in shares of Xylem by 19.0% during the third quarter. Swedbank AB now owns 5,197,753 shares of the industrial products company’s stock valued at $766,669,000 after purchasing an additional 830,821 shares in the last quarter. Amundi boosted its holdings in 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 during the last quarter. Finally, Voya Investment Management LLC grew its position in Xylem by 544.0% in the 3rd quarter. Voya Investment Management LLC now owns 868,755 shares of the industrial products company’s stock worth $128,141,000 after purchasing an additional 733,860 shares in the last quarter. Institutional investors own 87.96% of the company’s stock.

Analyst Ratings Changes

XYL has been the topic of several recent analyst reports. Barclays dropped their target price on shares of Xylem from $166.00 to $156.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 11th. Oppenheimer set a $165.00 price target on Xylem in a report on Thursday, February 12th. Wall Street Zen downgraded Xylem from a “buy” rating to a “hold” rating in a research note on Saturday, December 27th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Xylem in a research note on Monday, December 29th. Finally, TD Cowen reissued a “hold” rating on shares of Xylem in a report on Monday, February 23rd. Nine research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $158.08.

Xylem Stock Down 1.9%

Shares of NYSE XYL opened at $129.46 on Friday. Xylem Inc. has a 12 month low of $100.47 and a 12 month high of $154.27. The firm has a market capitalization of $31.48 billion, a price-to-earnings ratio of 33.02, a PEG ratio of 1.85 and a beta of 1.17. The company has a current ratio of 1.62, a quick ratio of 1.28 and a debt-to-equity ratio of 0.12. The business has a 50-day moving average of $136.69 and a 200-day moving average of $141.12.

Xylem (NYSE:XYL) last issued 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%. The firm’s revenue was up 6.3% compared to the same quarter last year. During the same period last year, the business posted $1.18 EPS. Xylem has set its FY 2026 guidance at 5.350-5.560 EPS. Sell-side analysts expect that Xylem Inc. will post 4.65 earnings per share for the current fiscal year.

Xylem Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 24th. Shareholders of record on Tuesday, February 24th will be given a dividend of $0.43 per share. The ex-dividend date is Tuesday, February 24th. This is a positive change from Xylem’s previous quarterly dividend of $0.40. This represents a $1.72 dividend on an annualized basis and a yield of 1.3%. Xylem’s dividend payout ratio (DPR) is 43.88%.

Xylem declared that its Board of Directors has authorized a share buyback plan on Wednesday, February 25th that permits the company to buyback $1.50 billion in outstanding shares. This buyback authorization permits the industrial products company to repurchase up to 4.8% of its shares through open market purchases. Shares buyback plans are often an indication that the company’s management 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.