Burney Co. Raises Stock Holdings in Xylem Inc. $XYL

Key Points

• Burney Co. increased its stake in Xylem by 100.5% in Q4, buying 18,672 shares to own 37,246 shares worth about $5.07 million.
• Xylem announced a $1.5 billion share buyback (up to 4.8% of shares), raised its quarterly dividend to $0.43 ($1.72 annualized, 1.3% yield), and reported Q results of $1.42 EPS (in line) with revenue up 6.3% YoY and FY2026 guidance of 5.350–5.560 EPS.
• Analyst sentiment is mixed but mildly positive: nine Buys vs. six Holds, a MarketBeat consensus rating of "Moderate Buy" and an average price target of $155.31.

Burney Co. increased its holdings in shares of Xylem Inc. (NYSE:XYL - Free Report) by 100.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 37,246 shares of the industrial products company's stock after purchasing an additional 18,672 shares during the quarter. Burney Co.'s holdings in Xylem were worth $5,072,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. Vanguard Group Inc. grew its position in shares of Xylem by 0.7% during the third quarter. Vanguard Group Inc. now owns 29,902,236 shares of the industrial products company's stock worth $4,410,580,000 after purchasing an additional 204,407 shares in the last quarter. State Street Corp grew its position in shares of Xylem by 1.2% during the third quarter. State Street Corp now owns 10,953,206 shares of the industrial products company's stock worth $1,615,598,000 after purchasing an additional 133,173 shares in the last quarter. Swedbank AB grew its position in shares of Xylem by 19.0% during the third quarter. Swedbank AB now owns 5,197,753 shares of the industrial products company's stock worth $766,669,000 after purchasing an additional 830,821 shares in the last quarter. Northern Trust Corp grew its position in shares of Xylem by 1.6% during the third quarter. Northern Trust Corp now owns 3,259,233 shares of the industrial products company's stock worth $480,737,000 after purchasing an additional 51,343 shares in the last quarter. Finally, Legal & General Group Plc grew its position in shares of Xylem by 12.2% during the third quarter. Legal & General Group Plc now owns 2,029,272 shares of the industrial products company's stock worth $299,318,000 after purchasing an additional 220,246 shares in the last quarter. Hedge funds and other institutional investors own 87.96% of the company's stock.

Wall Street Analysts Forecast Growth

XYL has been the subject of several research analyst reports. Wall Street Zen cut Xylem from a "buy" rating to a "hold" rating in a research report on Saturday, December 27th. Stifel Nicolaus cut their target price on Xylem from $178.00 to $175.00 and set a "buy" rating for the company in a research report on Wednesday, February 11th. Oppenheimer reiterated an "outperform" rating and set a $160.00 target price (down from $165.00) on shares of Xylem in a research report on Wednesday, April 1st. Royal Bank Of Canada cut their target price on Xylem from $176.00 to $162.00 and set an "outperform" rating for the company in a research report on Wednesday, February 11th. Finally, Jefferies Financial Group reiterated 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. Nine investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $155.31.

Xylem Price Performance

Shares of Xylem stock opened at $128.75 on Monday. The stock has a 50 day moving average of $126.39 and a 200 day moving average of $137.12. Xylem Inc. has a 12 month low of $105.73 and a 12 month high of $154.27. The firm has a market cap of $31.30 billion, a PE ratio of 32.84, a PEG ratio of 1.84 and a beta of 1.18. The company has a current ratio of 1.62, a quick ratio of 1.28 and a debt-to-equity ratio of 0.12.

Xylem (NYSE:XYL - Get Free Report) last announced its quarterly earnings results on Tuesday, February 10th. The industrial products company reported $1.42 EPS 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 quarter last year, the firm earned $1.18 earnings per share. The business's quarterly revenue was up 6.3% compared to the same quarter last year. Xylem has set its FY 2026 guidance at 5.350-5.560 EPS. On average, research analysts expect that Xylem Inc. will post 4.65 EPS for the current fiscal year.

Xylem declared that its Board of Directors has approved a share repurchase plan on Wednesday, February 25th that permits the company to buyback $1.50 billion in 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 typically an indication that the company's management believes its shares are undervalued.

Xylem Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 24th. Investors of record on Tuesday, February 24th were paid a dividend of $0.43 per share. The ex-dividend date of this dividend was Tuesday, February 24th. This is a boost from Xylem's previous quarterly dividend of $0.40. This represents a $1.72 dividend on an annualized basis and a yield of 1.3%. Xylem's dividend payout ratio is currently 43.88%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.