AIA Group Ltd Acquires 5,730 Shares of Xylem Inc. $XYL

AIA Group Ltd boosted its stake in shares of Xylem Inc. (NYSE:XYL) by 335.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,440 shares of the industrial products company’s stock after purchasing an additional 5,730 shares during the quarter. AIA Group Ltd’s holdings in Xylem were worth $1,097,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. SJS Investment Consulting Inc. boosted 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 purchasing an additional 166 shares in the last quarter. Knuff & Co LLC acquired a new position in shares of Xylem during the 3rd quarter worth $27,000. Wexford Capital LP bought a new stake in shares of Xylem during the 3rd quarter worth $27,000. First Horizon Corp acquired a new stake in Xylem in the third quarter valued at about $30,000. Finally, Ramirez Asset Management Inc. grew its position in Xylem by 100.0% in the third quarter. Ramirez Asset Management Inc. now owns 200 shares of the industrial products company’s stock valued at $30,000 after acquiring an additional 100 shares during the last quarter. 87.96% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have recently commented on XYL. Oppenheimer set a $165.00 target price on shares of Xylem in a report on Thursday, February 12th. Mizuho set a $138.00 price objective on shares of Xylem in a research report on Wednesday, February 11th. Citigroup dropped their price objective on shares of Xylem from $182.00 to $174.00 and set a “buy” rating for the company in a research note on Wednesday, February 11th. William Blair assumed coverage on shares of Xylem in a research report on Monday, January 26th. They issued an “outperform” rating on the stock. Finally, The Goldman Sachs Group set a $158.00 price target on shares of Xylem in a report on Wednesday, February 11th. Nine equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $158.08.

Xylem Stock Down 0.2%

XYL opened at $120.30 on Friday. The company has a fifty day moving average price of $132.03 and a 200-day moving average price of $139.12. The firm 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 company has a debt-to-equity ratio of 0.12, a current ratio of 1.62 and a quick ratio of 1.28. Xylem Inc. has a one year low of $100.47 and a one year high of $154.27.

Xylem (NYSE:XYL) last issued its quarterly earnings data on Tuesday, February 10th. The industrial products company reported $1.42 EPS for the quarter, hitting the consensus estimate of $1.42. Xylem had a return on equity of 11.11% and a net margin of 10.59%.During the same quarter last year, the business earned $1.18 earnings per share. The firm’s revenue was up 6.3% compared to the same quarter last year. Xylem has set its FY 2026 guidance at 5.350-5.560 EPS. Equities research analysts expect that Xylem Inc. will post 4.65 earnings per share for the current fiscal year.

Xylem announced that its board has initiated a stock buyback program 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 programs are usually a sign that the company’s board of directors believes its shares are undervalued.

Xylem Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 24th. Investors of record on Tuesday, February 24th will be paid a $0.43 dividend. The ex-dividend date of this dividend is Tuesday, February 24th. This is a positive change 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 payout ratio is presently 43.88%.

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.