Xylem Inc. $XYL Stake Boosted by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. grew its stake in shares of Xylem Inc. (NYSE:XYL) by 3.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 274,506 shares of the industrial products company’s stock after purchasing an additional 9,102 shares during the quarter. Nomura Asset Management Co. Ltd. owned approximately 0.11% of Xylem worth $37,382,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in XYL. Knuff & Co LLC acquired a new position in shares of Xylem during the third quarter worth approximately $27,000. Board of the Pension Protection Fund acquired a new position in shares of Xylem during the fourth quarter worth approximately $27,000. Wexford Capital LP acquired a new position in shares of Xylem during the third quarter worth approximately $27,000. Ramirez Asset Management Inc. boosted its position in shares of Xylem by 100.0% during the third quarter. Ramirez Asset Management Inc. now owns 200 shares of the industrial products company’s stock worth $30,000 after buying an additional 100 shares during the period. Finally, FWL Investment Management LLC acquired a new position in shares of Xylem during the second quarter worth approximately $43,000. 87.96% of the stock is owned by institutional investors.

Xylem Stock Performance

XYL opened at $108.38 on Tuesday. Xylem Inc. has a 1-year low of $105.29 and a 1-year high of $154.27. The business has a 50 day moving average price of $117.60 and a two-hundred day moving average price of $129.31. The company has a market capitalization of $25.76 billion, a price-to-earnings ratio of 26.96, a price-to-earnings-growth ratio of 1.56 and a beta of 1.05. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.46 and a quick ratio of 1.10.

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 analysts’ consensus estimates of $1.09 by $0.03. Xylem had a return on equity of 11.26% and a net margin of 10.79%.The company had revenue of $2.13 billion during the quarter, compared to the consensus estimate of $2.11 billion. During the same quarter in the prior year, the firm earned $1.03 EPS. The company’s quarterly revenue was up 2.7% compared to the same quarter last year. Xylem has set its FY 2026 guidance at 5.350-5.600 EPS. Research analysts predict that Xylem Inc. will post 5.51 EPS for the current fiscal year.

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

Xylem Announces Dividend

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

Insider Buying and Selling at Xylem

In other news, Director Jerome A. Peribere bought 1,210 shares of the business’s stock in a transaction on Monday, May 4th. The shares were bought at an average cost of $116.61 per share, with a total value of $141,098.10. Following the purchase, the director directly owned 27,209 shares in the company, valued at $3,172,841.49. This trade represents a 4.65% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Geri-Michelle Mcshane sold 4,269 shares of the business’s stock in a transaction on Thursday, May 7th. The shares were sold at an average price of $117.46, for a total transaction of $501,436.74. Following the sale, the chief accounting officer directly owned 3,605 shares in the company, valued at approximately $423,443.30. This trade represents a 54.22% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.32% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on XYL shares. Jefferies Financial Group reiterated a “hold” rating and set a $130.00 price objective (down from $140.00) on shares of Xylem in a research report on Tuesday, March 31st. Oppenheimer reduced their price objective on Xylem from $160.00 to $158.00 and set an “outperform” rating for the company in a research report on Wednesday, April 29th. Barclays reduced their price objective on Xylem from $156.00 to $154.00 and set an “overweight” rating for the company in a research report on Wednesday, April 29th. Robert W. Baird set a $161.00 price objective on Xylem in a research report on Wednesday, February 11th. Finally, JPMorgan Chase & Co. cut their target price on Xylem from $170.00 to $160.00 and set an “overweight” rating for the company in a research report on Thursday, April 16th. Seven equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $152.77.

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.