Xylem (NYSE:XYL) Sets New 12-Month Low – Here’s Why

Xylem Inc. (NYSE:XYL) hit a new 52-week low on Thursday . The stock traded as low as $105.29 and last traded at $108.0750, with a volume of 1737875 shares changing hands. The stock had previously closed at $106.34.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on XYL shares. William Blair began coverage on shares of Xylem in a report on Monday, January 26th. They issued an “outperform” rating on the stock. TD Cowen reissued a “hold” rating on shares of Xylem in a research report on Monday, February 23rd. Jefferies Financial Group reissued 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. JPMorgan Chase & Co. cut their price objective on shares of Xylem from $170.00 to $160.00 and set an “overweight” rating for the company in a report on Thursday, April 16th. Finally, Stifel Nicolaus cut their price objective on shares of Xylem from $163.00 to $159.00 and set a “buy” rating for the company in a report on Wednesday, April 29th. Seven equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $152.77.

Xylem Stock Performance

The company has a market cap of $25.69 billion, a PE ratio of 26.88, a PEG ratio of 1.51 and a beta of 1.08. The business’s 50-day moving average is $119.40 and its 200 day moving average is $131.61. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.10 and a current ratio of 1.46.

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

Xylem Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 25th. Stockholders of record on Thursday, May 28th will be paid a dividend of $0.43 per share. The ex-dividend date of this dividend is Thursday, May 28th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 1.6%. Xylem’s payout ratio is presently 42.79%.

Xylem announced that its Board of Directors has authorized a share repurchase plan on Wednesday, February 25th that authorizes the company to buyback $1.50 billion in outstanding shares. This buyback authorization authorizes the industrial products company to reacquire up to 4.8% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s management believes its stock is undervalued.

Insider Transactions at Xylem

In other Xylem news, Director Jerome A. Peribere purchased 1,210 shares of the stock in a transaction that occurred on Monday, May 4th. The stock was bought at an average cost of $116.61 per share, with a total value of $141,098.10. Following the transaction, the director directly owned 27,209 shares in the company, valued at approximately $3,172,841.49. The trade was a 4.65% increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CAO Geri-Michelle Mcshane sold 4,269 shares of Xylem stock in a transaction dated Thursday, May 7th. The stock was sold at an average price of $117.46, for a total transaction of $501,436.74. Following the completion of the transaction, the chief accounting officer directly owned 3,605 shares of the company’s stock, valued at $423,443.30. This trade represents a 54.22% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.32% of the company’s stock.

Institutional Inflows and Outflows

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

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.