Raiffeisen Bank International AG Trims Holdings in Xylem Inc. $XYL

Raiffeisen Bank International AG trimmed its stake in Xylem Inc. (NYSE:XYL) by 2.5% during the fourth quarter, Holdings Channel.com reports. The fund owned 277,886 shares of the industrial products company’s stock after selling 7,065 shares during the period. Raiffeisen Bank International AG’s holdings in Xylem were worth $38,234,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Knuff & Co LLC purchased a new stake in Xylem during the 3rd quarter worth approximately $27,000. Board of the Pension Protection Fund purchased a new stake in shares of Xylem in the 4th quarter valued at approximately $27,000. Commonwealth Retirement Investments LLC purchased a new stake in shares of Xylem in the 4th quarter valued at approximately $27,000. Wexford Capital LP purchased a new stake in shares of Xylem in the 3rd quarter valued at approximately $27,000. Finally, Ramirez Asset Management Inc. increased its position in shares of Xylem by 100.0% in the 3rd quarter. Ramirez Asset Management Inc. now owns 200 shares of the industrial products company’s stock valued at $30,000 after purchasing an additional 100 shares during the last quarter. 87.96% of the stock is owned by hedge funds and other institutional investors.

Xylem Stock Up 1.7%

Shares of NYSE XYL opened at $108.97 on Friday. The company has a quick ratio of 1.10, a current ratio of 1.46 and a debt-to-equity ratio of 0.13. Xylem Inc. has a 52 week low of $105.29 and a 52 week high of $154.27. The firm has a 50-day moving average price of $116.03 and a 200 day moving average price of $127.48. The stock has a market capitalization of $25.90 billion, a price-to-earnings ratio of 27.11, a price-to-earnings-growth ratio of 1.52 and a beta of 1.04.

Xylem (NYSE:XYL) last announced its quarterly earnings data on Tuesday, April 28th. The industrial products company reported $1.12 EPS for the quarter, beating the consensus estimate of $1.09 by $0.03. Xylem had a net margin of 10.79% and a return on equity of 11.26%. The firm had revenue of $2.13 billion during the quarter, compared to analysts’ expectations of $2.11 billion. During the same quarter last year, the business earned $1.03 earnings per share. The business’s revenue for the quarter was up 2.7% compared to the same quarter last year. Xylem has set its FY 2026 guidance at 5.350-5.600 EPS. Equities research analysts anticipate that Xylem Inc. will post 5.51 EPS for the current fiscal year.

Xylem announced that its board has initiated a stock buyback 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 repurchase up to 4.8% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s board believes its shares are undervalued.

Xylem Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 25th. Investors of record on Thursday, May 28th will be paid a $0.43 dividend. The ex-dividend date is Thursday, May 28th. This represents a $1.72 annualized dividend and a dividend yield of 1.6%. Xylem’s dividend payout ratio (DPR) is 42.79%.

Insider Activity

In related news, Director Jerome A. Peribere acquired 1,210 shares of Xylem stock in a transaction that occurred on Monday, May 4th. The stock was purchased at an average price of $116.61 per share, for a total transaction of $141,098.10. Following the completion of the purchase, the director directly owned 27,209 shares of the company’s stock, valued at approximately $3,172,841.49. This trade represents a 4.65% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Geri-Michelle Mcshane sold 4,269 shares of the firm’s stock in a transaction dated Thursday, May 7th. The shares were sold at an average price of $117.46, for a total transaction of $501,436.74. Following the completion of the sale, the chief accounting officer owned 3,605 shares of the company’s stock, valued at $423,443.30. This trade represents a 54.22% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.32% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of brokerages have commented on XYL. UBS Group increased their price objective on shares of Xylem from $132.00 to $133.00 and gave the company a “neutral” rating in a research report on Wednesday, April 29th. Weiss Ratings downgraded shares of Xylem from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, May 8th. Oppenheimer dropped their target price on shares of Xylem from $160.00 to $158.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 29th. Jefferies Financial Group reaffirmed a “hold” rating and issued a $130.00 target price (down from $140.00) on shares of Xylem in a research report on Tuesday, March 31st. Finally, TD Cowen reiterated a “hold” rating on shares of Xylem in a research note on Monday, February 23rd. Seven investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Xylem has an average rating of “Moderate Buy” and an average price target of $152.77.

Xylem Company 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.