Perigon Wealth Management LLC Has $1.31 Million Stock Holdings in Xylem Inc. $XYL

Perigon Wealth Management LLC grew its holdings in Xylem Inc. (NYSE:XYL) by 284.5% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,597 shares of the industrial products company’s stock after acquiring an additional 7,101 shares during the period. Perigon Wealth Management LLC’s holdings in Xylem were worth $1,307,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of XYL. AQR Capital Management LLC raised its holdings in Xylem by 14.4% during the first quarter. AQR Capital Management LLC now owns 30,955 shares of the industrial products company’s stock valued at $3,645,000 after buying an additional 3,900 shares in the last quarter. NewEdge Advisors LLC boosted its stake in shares of Xylem by 3.3% during the 1st quarter. NewEdge Advisors LLC now owns 4,151 shares of the industrial products company’s stock worth $496,000 after acquiring an additional 132 shares in the last quarter. Empowered Funds LLC increased its holdings in shares of Xylem by 56.1% during the 1st quarter. Empowered Funds LLC now owns 8,678 shares of the industrial products company’s stock valued at $1,037,000 after acquiring an additional 3,120 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its stake in shares of Xylem by 97.6% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 11,151 shares of the industrial products company’s stock valued at $1,442,000 after acquiring an additional 5,509 shares in the last quarter. Finally, EverSource Wealth Advisors LLC raised its stake in shares of Xylem by 114.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,192 shares of the industrial products company’s stock valued at $154,000 after acquiring an additional 635 shares in the last quarter. Institutional investors own 87.96% of the company’s stock.

Xylem Trading Up 0.0%

Shares of Xylem stock opened at $121.27 on Monday. Xylem Inc. has a 1 year low of $100.47 and a 1 year high of $154.27. The company’s fifty day simple moving average is $127.61 and its 200-day simple moving average is $137.67. The company has a market cap of $29.48 billion, a price-to-earnings ratio of 30.93, a PEG ratio of 1.74 and a beta of 1.18. 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 released its earnings results on Tuesday, February 10th. The industrial products company reported $1.42 EPS for the quarter, meeting the consensus estimate of $1.42. Xylem had a net margin of 10.59% and a return on equity of 11.11%. The company’s quarterly revenue was up 6.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.18 earnings per share. Xylem has set its FY 2026 guidance at 5.350-5.560 EPS. As a group, sell-side analysts expect that Xylem Inc. will post 4.65 EPS for the current year.

Xylem Increases Dividend

The company also recently announced 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. This represents a $1.72 dividend on an annualized basis and a yield of 1.4%. This is a boost from Xylem’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend was Tuesday, February 24th. Xylem’s dividend payout ratio (DPR) is 43.88%.

Xylem announced that its board has initiated a share repurchase 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 purchase up to 4.8% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s management believes its stock is undervalued.

Wall Street Analyst Weigh In

Several equities analysts have commented on XYL shares. Royal Bank Of Canada lowered their price target on Xylem from $176.00 to $162.00 and set an “outperform” rating on the stock in a report on Wednesday, February 11th. Jefferies Financial Group reaffirmed a “hold” rating and set a $130.00 price objective (down from $140.00) on shares of Xylem in a report on Tuesday, March 31st. William Blair assumed coverage on shares of Xylem in a research note on Monday, January 26th. They issued an “outperform” rating on the stock. UBS Group reiterated a “buy” rating and issued a $155.00 target price on shares of Xylem in a report on Friday, February 13th. Finally, Wall Street Zen lowered shares of Xylem from a “buy” rating to a “hold” rating in a research report on Saturday, December 27th. Ten investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $155.54.

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.