Meiji Yasuda Asset Management Co Ltd. Decreases Holdings in Xylem Inc. $XYL

Meiji Yasuda Asset Management Co Ltd. reduced its position in Xylem Inc. (NYSE:XYL) by 30.2% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 29,055 shares of the industrial products company’s stock after selling 12,562 shares during the period. Meiji Yasuda Asset Management Co Ltd.’s holdings in Xylem were worth $4,286,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of XYL. Norges Bank purchased a new stake in Xylem during the second quarter valued at $338,232,000. ABN AMRO Bank N.V. purchased a new position in Xylem in the second quarter worth about $208,226,000. 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 purchasing an additional 830,821 shares during the period. Amundi increased its position 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 valued at $730,717,000 after purchasing an additional 830,337 shares during the last quarter. Finally, Voya Investment Management LLC increased its position in shares of Xylem by 544.0% during the 3rd quarter. Voya Investment Management LLC now owns 868,755 shares of the industrial products company’s stock valued at $128,141,000 after purchasing an additional 733,860 shares during the last quarter. Institutional investors own 87.96% of the company’s stock.

Xylem Trading Down 2.4%

Shares of Xylem stock opened at $123.16 on Monday. The company has a market capitalization of $29.95 billion, a P/E ratio of 31.42, a P/E/G ratio of 1.76 and a beta of 1.17. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.28 and a current ratio of 1.62. The company has a fifty day moving average of $135.51 and a 200 day moving average of $140.59. Xylem Inc. has a fifty-two week low of $100.47 and a fifty-two week high of $154.27.

Xylem (NYSE:XYL) last posted its quarterly earnings results on Tuesday, February 10th. The industrial products company reported $1.42 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%.During the same quarter in the previous year, the firm earned $1.18 EPS. The company’s revenue was up 6.3% compared to the same quarter last year. Xylem has set its FY 2026 guidance at 5.350-5.560 EPS. On average, sell-side analysts anticipate that Xylem Inc. will post 4.65 earnings per share for the current fiscal year.

Xylem declared that its board has approved a stock repurchase program 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 buy up to 4.8% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s board believes its shares are undervalued.

Xylem Increases Dividend

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

Wall Street Analyst Weigh In

Several brokerages recently issued reports on XYL. Robert W. Baird set a $161.00 target price on shares of Xylem in a research report on Wednesday, February 11th. Mizuho set a $138.00 price objective on shares of Xylem in a research report on Wednesday, February 11th. Oppenheimer set a $165.00 target price on Xylem in a report on Thursday, February 12th. The Goldman Sachs Group set a $158.00 target price on Xylem in a research report on Wednesday, February 11th. Finally, Wall Street Zen lowered Xylem from a “buy” rating to a “hold” rating in a report on Saturday, December 27th. Nine investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $158.08.

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.