Sumitomo Mitsui Trust Group Inc. Lowers Stock Position in Xylem Inc. $XYL

by · The Cerbat Gem

Sumitomo Mitsui Trust Group Inc. lessened its position in shares of Xylem Inc. (NYSE:XYL – Free Report) by 3.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 600,388 shares of the industrial products company’s stock after selling 21,620 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Xylem were worth $81,761,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in XYL. SJS Investment Consulting Inc. boosted its stake in shares of Xylem by 1,844.4% during the 3rd quarter. SJS Investment Consulting Inc. now owns 175 shares of the industrial products company’s stock worth $26,000 after acquiring an additional 166 shares in the last quarter. Knuff & Co LLC purchased a new position in shares of Xylem in the 3rd quarter valued at about $27,000. Board of the Pension Protection Fund acquired a new position in Xylem in the 4th quarter worth about $27,000. Wexford Capital LP acquired a new position in Xylem in the 3rd quarter worth about $27,000. Finally, First Horizon Corp purchased a new position in Xylem during the third quarter worth approximately $30,000. Hedge funds and other institutional investors own 87.96% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have commented on the company. UBS Group dropped their price objective on Xylem from $155.00 to $152.00 and set a “buy” rating on the stock in a report on Thursday, April 9th. The Goldman Sachs Group set a $158.00 target price on Xylem in a research report on Wednesday, February 11th. Wall Street Zen cut shares of Xylem from a “buy” rating to a “hold” rating in a research note on Saturday, December 27th. William Blair began coverage on shares of Xylem in a research note on Monday, January 26th. They issued an “outperform” rating on the stock. Finally, Royal Bank Of Canada cut their price target on shares of Xylem from $176.00 to $162.00 and set an “outperform” rating for the company in a report on Wednesday, February 11th. Nine analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $154.38.

Read Our Latest Stock Report on XYL

Xylem Stock Performance

Shares of NYSE:XYL opened at $129.68 on Wednesday. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.62 and a quick ratio of 1.28. Xylem Inc. has a 1 year low of $107.04 and a 1 year high of $154.27. The firm has a market capitalization of $31.53 billion, a PE ratio of 33.08, a P/E/G ratio of 1.85 and a beta of 1.18. The business’s 50 day moving average price is $125.99 and its 200-day moving average price is $136.93.

Xylem (NYSE:XYL – Get Free Report) last announced its quarterly earnings data on Tuesday, February 10th. The industrial products company reported $1.42 earnings per share 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 period last year, the company posted $1.18 EPS. 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 research analysts expect that Xylem Inc. will post 4.65 earnings per share for the current fiscal year.

Xylem Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 24th. Stockholders of record on Tuesday, February 24th were paid a $0.43 dividend. 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 1.3%. The ex-dividend date of this dividend was Tuesday, February 24th. Xylem’s payout ratio is 43.88%.

Xylem announced that its Board of Directors has initiated a stock repurchase plan on Wednesday, February 25th that allows the company to buyback $1.50 billion in shares. This buyback authorization allows the industrial products company to buy up to 4.8% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s management believes its shares are undervalued.

About Xylem

(Free Report)

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.

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