Xylem (NYSE:XYL) Receives Hold Rating from Jefferies Financial Group

Jefferies Financial Group reaffirmed their hold rating on shares of Xylem (NYSE:XYL) in a report issued on Tuesday morning,Benzinga reports. They currently have a $130.00 price objective on the industrial products company’s stock, down from their previous price objective of $140.00.

XYL has been the subject of several other reports. Barclays dropped their price objective on shares of Xylem from $166.00 to $156.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 11th. Royal Bank Of Canada reduced their price objective on Xylem from $176.00 to $162.00 and set an “outperform” rating for the company in a research note on Wednesday, February 11th. TD Cowen reissued a “hold” rating on shares of Xylem in a report on Monday, February 23rd. The Goldman Sachs Group set a $158.00 price target on Xylem in a report on Wednesday, February 11th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Xylem in a research note on Monday, December 29th. Nine equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $155.92.

Xylem Trading Up 2.9%

Shares of NYSE:XYL opened at $119.51 on Tuesday. The company has a market cap of $29.06 billion, a PE ratio of 30.49, a P/E/G ratio of 1.66 and a beta of 1.17. The company’s 50 day moving average is $128.81 and its two-hundred day moving average is $138.08. Xylem has a 52 week low of $100.47 and a 52 week high of $154.27. 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 (NYSE:XYL) last announced its quarterly earnings results on Tuesday, February 10th. The industrial products company reported $1.42 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.42. Xylem had a return on equity of 11.11% and a net margin of 10.59%.Xylem’s quarterly revenue was up 6.3% on a year-over-year basis. During the same period in the prior year, the business earned $1.18 earnings per share. Xylem has set its FY 2026 guidance at 5.350-5.560 EPS. Equities analysts predict that Xylem will post 4.65 earnings per share for the current fiscal year.

Xylem Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 24th. Investors of record on Tuesday, February 24th were given a dividend of $0.43 per share. The ex-dividend date was Tuesday, February 24th. This represents a $1.72 annualized dividend and a dividend yield of 1.4%. This is an increase from Xylem’s previous quarterly dividend of $0.40. Xylem’s payout ratio is presently 43.88%.

Xylem announced that its Board of Directors has initiated a stock buyback plan on Wednesday, February 25th that authorizes the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization authorizes the industrial products company to repurchase up to 4.8% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its shares are undervalued.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. J. Stern & Co. LLP lifted its holdings in shares of Xylem by 12,326.6% during the 4th quarter. J. Stern & Co. LLP now owns 45,448,168 shares of the industrial products company’s stock worth $6,189,132,000 after acquiring an additional 45,082,435 shares during the period. Norges Bank purchased a new position in Xylem during the fourth quarter worth approximately $361,012,000. Schroder Investment Management Group boosted its holdings in shares of Xylem by 2,055.2% in the 3rd quarter. Schroder Investment Management Group now owns 1,192,682 shares of the industrial products company’s stock valued at $171,687,000 after purchasing an additional 1,137,342 shares during the last quarter. Swedbank AB grew its stake in shares of Xylem by 19.0% during the 3rd quarter. Swedbank AB now owns 5,197,753 shares of the industrial products company’s stock valued at $766,669,000 after buying an additional 830,821 shares during the period. Finally, Amundi increased its holdings in shares of Xylem by 17.0% during the 2nd quarter. Amundi now owns 5,714,576 shares of the industrial products company’s stock worth $730,717,000 after buying an additional 830,337 shares during the last quarter. Hedge funds and other institutional investors own 87.96% of the company’s stock.

About Xylem

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.