Country Trust Bank Buys 47,725 Shares of Xylem Inc. $XYL

Country Trust Bank increased its stake in Xylem Inc. (NYSE:XYL) by 19.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 294,622 shares of the industrial products company’s stock after buying an additional 47,725 shares during the quarter. Country Trust Bank owned about 0.12% of Xylem worth $40,122,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. State of Wyoming lifted its position in Xylem by 10.4% in the third quarter. State of Wyoming now owns 756 shares of the industrial products company’s stock worth $112,000 after buying an additional 71 shares during the last quarter. Orion Porfolio Solutions LLC lifted its stake in Xylem by 1.0% in the third quarter. Orion Porfolio Solutions LLC now owns 7,802 shares of the industrial products company’s stock worth $1,151,000 after purchasing an additional 74 shares during the last quarter. Journey Strategic Wealth LLC lifted its stake in Xylem by 1.5% in the third quarter. Journey Strategic Wealth LLC now owns 5,107 shares of the industrial products company’s stock worth $753,000 after purchasing an additional 77 shares during the last quarter. Quest Investment Management LLC lifted its stake in Xylem by 1.0% in the third quarter. Quest Investment Management LLC now owns 7,588 shares of the industrial products company’s stock worth $1,119,000 after purchasing an additional 77 shares during the last quarter. Finally, Keel Point LLC lifted its stake in Xylem by 4.6% in the third quarter. Keel Point LLC now owns 1,784 shares of the industrial products company’s stock worth $263,000 after purchasing an additional 79 shares during the last quarter. 87.96% of the stock is currently owned by institutional investors.

Xylem Stock Performance

Xylem stock opened at $123.82 on Tuesday. The company has a 50 day moving average price of $127.21 and a 200-day moving average price of $137.54. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.28 and a current ratio of 1.62. Xylem Inc. has a fifty-two week low of $100.47 and a fifty-two week high of $154.27. The company has a market capitalization of $30.11 billion, a PE ratio of 31.59, a P/E/G ratio of 1.74 and a beta of 1.18.

Xylem (NYSE:XYL) last posted its quarterly earnings results 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 net margin of 10.59% and a return on equity of 11.11%. During the same quarter in the prior year, the firm earned $1.18 earnings per share. The firm’s revenue 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, equities analysts forecast that Xylem Inc. will post 4.65 earnings per share for the current year.

Xylem Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 24th. Investors of record on Tuesday, February 24th were issued a $0.43 dividend. The ex-dividend date was Tuesday, February 24th. This is an increase 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 dividend payout ratio is presently 43.88%.

Xylem announced that its board has authorized a stock repurchase plan on Wednesday, February 25th that permits the company to repurchase $1.50 billion in shares. This repurchase authorization permits 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 board of directors believes its stock is undervalued.

Analyst Upgrades and Downgrades

Several analysts have issued reports on XYL shares. Weiss Ratings reissued a “buy (b-)” rating on shares of Xylem in a research note on Monday, December 29th. Mizuho set a $138.00 price objective on shares of Xylem in a research note on Wednesday, February 11th. Jefferies Financial Group reiterated a “hold” rating and set a $130.00 target price (down from $140.00) on shares of Xylem in a research report on Tuesday, March 31st. Citigroup decreased their target price on Xylem from $182.00 to $174.00 and set a “buy” rating for the company in a research report on Wednesday, February 11th. Finally, Royal Bank Of Canada decreased their target price on Xylem from $176.00 to $162.00 and set an “outperform” rating for the company in a research report on Wednesday, February 11th. Ten investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, Xylem has an average rating of “Moderate Buy” and an average target price of $155.54.

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.