106,900 Shares in Xylem Inc. $XYL Purchased by Varma Mutual Pension Insurance Co

Key Points

• Varma Mutual Pension Insurance Co. purchased 106,900 Xylem shares during the second quarter, worth approximately $12.6 million. Institutional investors and hedge funds collectively own 87.96% of the company.
• Analysts maintain a positive outlook, with nine Buy ratings and six Holds producing a “Moderate Buy” consensus and an average price target of $154.23.
• Xylem exceeded quarterly earnings expectations with EPS of $1.46 versus $1.34 forecast, while revenue rose 1.5% year over year. The company also declared a quarterly dividend of $0.43 per share, equivalent to a 1.5% annual yield.

Varma Mutual Pension Insurance Co purchased a new stake in shares of Xylem Inc. (NYSE:XYL - Free Report) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 106,900 shares of the industrial products company's stock, valued at approximately $12,637,000.

A number of other large investors also recently bought and sold shares of XYL. XXEC Inc. purchased a new position in shares of Xylem during the 2nd quarter valued at approximately $850,841,000. J. Stern & Co. LLP boosted its holdings in Xylem by 12,326.6% during the fourth quarter. J. Stern & Co. LLP now owns 45,448,168 shares of the industrial products company's stock worth $6,189,132,000 after buying an additional 45,082,435 shares in the last quarter. BlackRock Inc. acquired a new stake in Xylem during the second quarter valued at $2,959,730,000. Bank of New York Mellon Corp purchased a new position in Xylem in the second quarter valued at $552,313,000. Finally, Norges Bank purchased a new position in Xylem in the fourth quarter valued at $361,012,000. 87.96% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Royal Bank Of Canada increased their target price on shares of Xylem from $159.00 to $164.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 29th. Robert W. Baird lifted their price target on Xylem from $163.00 to $165.00 and gave the company an "outperform" rating in a research note on Wednesday, July 29th. UBS Group upped their price target on Xylem from $135.00 to $138.00 and gave the stock a "neutral" rating in a report on Thursday, August 13th. Stifel Nicolaus increased their price target on Xylem from $157.00 to $160.00 and gave the stock a "buy" rating in a research report on Wednesday, July 29th. Finally, Weiss Ratings reissued a "hold (c)" rating on shares of Xylem in a report on Wednesday, August 5th. Nine investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $154.23.

Xylem Stock Up 0.2%

Shares of XYL opened at $113.62 on Monday. The stock has a 50 day moving average price of $118.04 and a 200 day moving average price of $119.67. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.24 and a current ratio of 1.61. The stock has a market capitalization of $26.53 billion, a price-to-earnings ratio of 27.05, a PEG ratio of 1.57 and a beta of 1.02. Xylem Inc. has a one year low of $105.29 and a one year high of $154.27.

Xylem (NYSE:XYL - Get Free Report) last released its earnings results on Tuesday, July 28th. The industrial products company reported $1.46 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.34 by $0.12. The business had revenue of $2.34 billion during the quarter, compared to analyst estimates of $2.34 billion. Xylem had a net margin of 11.15% and a return on equity of 11.77%. The company's revenue for the quarter was up 1.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.26 earnings per share. Xylem has set its FY 2026 guidance at 5.550-5.700 EPS. Equities research analysts forecast that Xylem Inc. will post 5.67 earnings per share for the current fiscal year.

Xylem Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 24th. Shareholders of record on Thursday, August 27th will be issued a $0.43 dividend. The ex-dividend date is Thursday, August 27th. This represents a $1.72 dividend on an annualized basis and a yield of 1.5%. Xylem's dividend payout ratio is presently 40.95%.

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.

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