OVERSEA CHINESE BANKING Corp Ltd Sells 28,105 Shares of Xylem Inc. $XYL

OVERSEA CHINESE BANKING Corp Ltd lowered its stake in shares of Xylem Inc. (NYSE:XYL) by 13.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 187,327 shares of the industrial products company’s stock after selling 28,105 shares during the period. OVERSEA CHINESE BANKING Corp Ltd’s holdings in Xylem were worth $25,510,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. SJS Investment Consulting Inc. raised its stake in Xylem by 1,844.4% in the 3rd quarter. SJS Investment Consulting Inc. now owns 175 shares of the industrial products company’s stock valued at $26,000 after acquiring an additional 166 shares during the period. Knuff & Co LLC bought a new stake in Xylem in the 3rd quarter valued at $27,000. Board of the Pension Protection Fund bought a new stake in Xylem in the 4th quarter valued at $27,000. Wexford Capital LP bought a new stake in Xylem in the 3rd quarter valued at $27,000. Finally, First Horizon Corp bought a new stake in Xylem in the 3rd quarter valued at $30,000. Institutional investors own 87.96% of the company’s stock.

Xylem Stock Down 0.3%

XYL stock opened at $120.05 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. The stock has a market capitalization of $29.19 billion, a price-to-earnings ratio of 30.63, a PEG ratio of 1.73 and a beta of 1.18. The business’s fifty day moving average price is $124.42 and its two-hundred day moving average price is $136.04. Xylem Inc. has a fifty-two week low of $109.26 and a fifty-two week high of $154.27.

Xylem (NYSE:XYL) last posted its quarterly earnings data on Tuesday, February 10th. The industrial products company reported $1.42 earnings per share for the quarter, hitting the consensus estimate of $1.42. Xylem had a return on equity of 11.11% and a net margin of 10.59%.The firm’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.18 EPS. Xylem has set its FY 2026 guidance at 5.350-5.560 EPS. On average, equities analysts anticipate that Xylem Inc. will post 5.47 earnings per share for the current year.

Xylem Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 24th. Shareholders of record on Tuesday, February 24th were given a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a yield of 1.4%. The ex-dividend date was Tuesday, February 24th. This is a positive change from Xylem’s previous quarterly dividend of $0.40. Xylem’s dividend payout ratio (DPR) is 43.88%.

Xylem declared that its board has authorized a stock repurchase program 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 reacquire up to 4.8% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on XYL shares. Barclays dropped their price target on Xylem from $166.00 to $156.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 11th. UBS Group restated a “neutral” rating and issued a $132.00 price target (down from $152.00) on shares of Xylem in a research note on Tuesday. The Goldman Sachs Group set a $158.00 price target on Xylem in a research note on Wednesday, February 11th. Stifel Nicolaus dropped their price target on Xylem from $175.00 to $163.00 and set a “buy” rating on the stock in a research note on Tuesday, April 14th. Finally, Robert W. Baird set a $161.00 price target on Xylem in a research note on Wednesday, February 11th. Eight investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $153.77.

Xylem 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.