Xylem Inc. $XYL Shares Acquired by AEGON ASSET MANAGEMENT UK Plc

Key Points

• AEGON ASSET MANAGEMENT UK Plc increased its stake in Xylem by 3.6% in Q4 to 432,870 shares—about 0.18% ownership valued at roughly $58.9 million.
• Equity analysts collectively rate Xylem a "Moderate Buy" with a consensus price target of $153.77 (eight Buys, seven Holds), though several firms recently trimmed targets to about $160.
• Xylem raised its quarterly dividend to $0.43 (annualized $1.72, ~1.4% yield) and its board authorized a $1.50 billion share buyback program covering up to ~4.8% of shares.

AEGON ASSET MANAGEMENT UK Plc lifted its holdings in shares of Xylem Inc. (NYSE:XYL - Free Report) by 3.6% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 432,870 shares of the industrial products company's stock after buying an additional 15,219 shares during the period. AEGON ASSET MANAGEMENT UK Plc owned approximately 0.18% of Xylem worth $58,931,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. Vanguard Group Inc. lifted its position in Xylem by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 30,054,743 shares of the industrial products company's stock valued at $4,092,855,000 after purchasing an additional 152,507 shares during the period. State Street Corp lifted its position in Xylem by 1.2% in the third quarter. State Street Corp now owns 10,953,206 shares of the industrial products company's stock valued at $1,615,598,000 after purchasing an additional 133,173 shares during the period. Northern Trust Corp lifted its position in Xylem by 1.6% in the third quarter. Northern Trust Corp now owns 3,259,233 shares of the industrial products company's stock valued at $480,737,000 after purchasing an additional 51,343 shares during the period. Legal & General Group Plc lifted its position in Xylem by 12.2% in the third quarter. Legal & General Group Plc now owns 2,029,272 shares of the industrial products company's stock valued at $299,318,000 after purchasing an additional 220,246 shares during the period. Finally, Dimensional Fund Advisors LP lifted its position in Xylem by 9.2% in the third quarter. Dimensional Fund Advisors LP now owns 2,019,807 shares of the industrial products company's stock valued at $297,857,000 after purchasing an additional 169,688 shares during the period. Institutional investors and hedge funds own 87.96% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on XYL shares. Robert W. Baird set a $161.00 price target on shares of Xylem in a research report on Wednesday, February 11th. Mizuho set a $138.00 price target on shares of Xylem in a research report on Wednesday, February 11th. JPMorgan Chase & Co. reduced their price target on shares of Xylem from $170.00 to $160.00 and set an "overweight" rating for the company in a research report on Thursday, April 16th. Stifel Nicolaus reduced their price target on shares of Xylem from $175.00 to $163.00 and set a "buy" rating for the company in a research report on Tuesday, April 14th. Finally, Oppenheimer reiterated an "outperform" rating and set a $160.00 price target (down from $165.00) on shares of Xylem in a research report on Wednesday, April 1st. Eight investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $153.77.

Xylem Trading Down 0.1%

Shares of XYL opened at $121.56 on Friday. 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 firm has a 50 day simple moving average of $124.09 and a 200-day simple moving average of $135.56. Xylem Inc. has a 1-year low of $114.49 and a 1-year high of $154.27. The stock has a market cap of $29.56 billion, a price-to-earnings ratio of 31.01, a price-to-earnings-growth ratio of 1.75 and a beta of 1.18.

Xylem (NYSE:XYL - Get Free Report) last issued its quarterly earnings data on Tuesday, February 10th. The industrial products company reported $1.42 earnings per share for the quarter, hitting analysts' consensus estimates of $1.42. Xylem had a net margin of 10.59% and a return on equity of 11.11%. During the same quarter in the previous year, the business posted $1.18 earnings per share. The business's quarterly revenue was up 6.3% on a year-over-year basis. Xylem has set its FY 2026 guidance at 5.350-5.560 EPS. Equities analysts forecast that Xylem Inc. will post 5.47 EPS for the current fiscal year.

Xylem Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 24th. Shareholders of record on Tuesday, February 24th were paid a $0.43 dividend. This represents a $1.72 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend was Tuesday, February 24th. This is an increase from Xylem's previous quarterly dividend of $0.40. Xylem's dividend payout ratio is presently 43.88%.

Xylem announced that its board has approved a stock buyback program on Wednesday, February 25th that permits the company to repurchase $1.50 billion in shares. This repurchase authorization permits the industrial products company to repurchase up to 4.8% of its shares through open market purchases. Shares repurchase programs are often a sign that the company's board believes its shares are undervalued.

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.

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