LGT Capital Partners LTD. Buys 41,730 Shares of Xylem Inc. $XYL

LGT Capital Partners LTD. raised its position in shares of Xylem Inc. (NYSE:XYL) by 18.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 268,704 shares of the industrial products company’s stock after purchasing an additional 41,730 shares during the period. Xylem accounts for approximately 1.9% of LGT Capital Partners LTD.’s portfolio, making the stock its 19th largest holding. LGT Capital Partners LTD.’s holdings in Xylem were worth $39,634,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. AQR Capital Management LLC lifted its position in shares of Xylem by 14.4% during the first quarter. AQR Capital Management LLC now owns 30,955 shares of the industrial products company’s stock worth $3,645,000 after acquiring an additional 3,900 shares in the last quarter. NewEdge Advisors LLC boosted its holdings in shares of Xylem by 3.3% in the 1st quarter. NewEdge Advisors LLC now owns 4,151 shares of the industrial products company’s stock worth $496,000 after purchasing an additional 132 shares in the last quarter. Empowered Funds LLC raised its stake in shares of Xylem by 56.1% during the first quarter. Empowered Funds LLC now owns 8,678 shares of the industrial products company’s stock worth $1,037,000 after acquiring an additional 3,120 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its position in Xylem by 8.2% during the second quarter. Sumitomo Mitsui Trust Group Inc. now owns 609,724 shares of the industrial products company’s stock valued at $78,874,000 after buying an additional 46,091 shares during the period. Finally, Focus Partners Advisor Solutions LLC bought a new stake in Xylem in the second quarter valued at approximately $351,000. Institutional investors own 87.96% of the company’s stock.

Wall Street Analysts Forecast Growth

XYL has been the topic of several recent analyst reports. Royal Bank Of Canada cut their target price on Xylem from $176.00 to $162.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 11th. Mizuho set a $138.00 target price on shares of Xylem in a report on Wednesday, February 11th. Oppenheimer set a $165.00 price objective on shares of Xylem in a research note on Thursday, February 12th. UBS Group reiterated a “buy” rating and issued a $155.00 target price on shares of Xylem in a research note on Friday, February 13th. Finally, Citigroup reduced their price target on shares of Xylem from $182.00 to $174.00 and set a “buy” rating for the company in a research report on Wednesday, February 11th. Nine investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $158.08.

Xylem Stock Performance

Shares of NYSE XYL opened at $127.38 on Tuesday. The firm’s 50-day moving average price is $137.31 and its 200-day moving average price is $141.49. Xylem Inc. has a 52-week low of $100.47 and a 52-week high of $154.27. The company has a market cap of $31.01 billion, a PE ratio of 32.49, a PEG ratio of 1.84 and a beta of 1.17. The company has a quick ratio of 1.28, a current ratio of 1.62 and a debt-to-equity ratio of 0.12.

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 net margin of 10.59% and a return on equity of 11.11%. The firm had revenue of $2.40 billion during the quarter, compared to analysts’ expectations of $2.37 billion. During the same period in the previous year, the company earned $1.18 earnings per share. The firm’s quarterly 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, analysts anticipate that Xylem Inc. will post 4.65 EPS for the current year.

Xylem Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 24th. Stockholders of record on Tuesday, February 24th will be issued a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a dividend yield of 1.4%. 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. Xylem’s payout ratio is currently 40.82%.

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.