Exchange Traded Concepts LLC Has $5.86 Million Stock Position in Xylem Inc. $XYL

Exchange Traded Concepts LLC lifted its holdings in Xylem Inc. (NYSE:XYL) by 58.1% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 43,052 shares of the industrial products company’s stock after acquiring an additional 15,818 shares during the period. Exchange Traded Concepts LLC’s holdings in Xylem were worth $5,863,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of XYL. AQR Capital Management LLC grew its position in shares of Xylem by 14.4% during the 1st quarter. AQR Capital Management LLC now owns 30,955 shares of the industrial products company’s stock worth $3,645,000 after purchasing an additional 3,900 shares in the last quarter. NewEdge Advisors LLC raised its position in shares of Xylem by 3.3% in the first quarter. NewEdge Advisors LLC now owns 4,151 shares of the industrial products company’s stock valued at $496,000 after buying an additional 132 shares in the last quarter. Empowered Funds LLC raised its position in shares of Xylem by 56.1% in the first quarter. Empowered Funds LLC now owns 8,678 shares of the industrial products company’s stock valued at $1,037,000 after buying an additional 3,120 shares in the last quarter. Global Retirement Partners LLC bought a new stake in shares of Xylem in the second quarter valued at approximately $213,000. Finally, Quadrant Capital Group LLC boosted its stake in shares of Xylem by 136.7% in the second quarter. Quadrant Capital Group LLC now owns 8,118 shares of the industrial products company’s stock valued at $1,050,000 after buying an additional 4,689 shares during the period. 87.96% of the stock is owned by institutional investors.

Xylem Stock Down 1.2%

Shares of NYSE XYL opened at $116.14 on Tuesday. The company has a market cap of $28.24 billion, a price-to-earnings ratio of 29.63, a PEG ratio of 1.68 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. Xylem Inc. has a 12 month low of $100.47 and a 12 month high of $154.27. The stock has a 50-day moving average price of $129.20 and a two-hundred day moving average price of $138.24.

Xylem (NYSE:XYL) last released its quarterly earnings data on Tuesday, February 10th. The industrial products company reported $1.42 earnings per share for the quarter, meeting 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 in the prior year, the business posted $1.18 EPS. The business’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. As a group, analysts forecast that Xylem Inc. will post 4.65 earnings per share for the current fiscal year.

Xylem announced that its board has approved a share buyback plan on Wednesday, February 25th that permits the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization permits the industrial products company to repurchase up to 4.8% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board believes its stock is undervalued.

Xylem Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 24th. Shareholders of record on Tuesday, February 24th were given a dividend of $0.43 per share. The ex-dividend date of this dividend was Tuesday, February 24th. This represents a $1.72 dividend on an annualized basis and a yield of 1.5%. This is a boost from Xylem’s previous quarterly dividend of $0.40. Xylem’s payout ratio is currently 43.88%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. Wall Street Zen lowered Xylem from a “buy” rating to a “hold” rating in a research note on Saturday, December 27th. The Goldman Sachs Group set a $158.00 target price on Xylem in a research report on Wednesday, February 11th. Stifel Nicolaus decreased their price target on Xylem from $178.00 to $175.00 and set a “buy” rating on the stock in a research report on Wednesday, February 11th. Oppenheimer set a $165.00 price target on Xylem in a research note on Thursday, February 12th. Finally, Robert W. Baird set a $161.00 price objective on shares of Xylem in a research report on Wednesday, February 11th. Nine analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $158.08.

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.