AMF Tjanstepension AB Has $4.52 Million Position in Xylem Inc. $XYL

Key Points

• AMF Tjanstepension AB significantly reduced its stake in Xylem Inc. by 96.0%, holding only 34,965 shares valued at $4.52 million after selling over 846,000 shares in the second quarter.
• Analysts have set a consensus target price of $152.33 for Xylem, with several firms such as UBS and TD Cowen issuing "buy" ratings and adjusting price targets upwards.
• Xylem announced a quarterly dividend of $0.40 per share, contributing to an annual dividend yield of 1.1% and a payout ratio of 41.56%.

AMF Tjanstepension AB cut its holdings in Xylem Inc. (NYSE:XYL - Free Report) by 96.0% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 34,965 shares of the industrial products company's stock after selling 846,481 shares during the quarter. AMF Tjanstepension AB's holdings in Xylem were worth $4,523,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in XYL. Valley National Advisers Inc. grew its position in Xylem by 84.9% in the first quarter. Valley National Advisers Inc. now owns 220 shares of the industrial products company's stock worth $26,000 after acquiring an additional 101 shares in the last quarter. Perkins Coie Trust Co bought a new stake in Xylem in the first quarter worth approximately $27,000. Maseco LLP bought a new stake in Xylem in the second quarter worth approximately $31,000. Center for Financial Planning Inc. grew its position in Xylem by 52.0% in the first quarter. Center for Financial Planning Inc. now owns 266 shares of the industrial products company's stock worth $32,000 after acquiring an additional 91 shares in the last quarter. Finally, ST Germain D J Co. Inc. grew its position in Xylem by 950.0% in the second quarter. ST Germain D J Co. Inc. now owns 252 shares of the industrial products company's stock worth $33,000 after acquiring an additional 228 shares in the last quarter. 87.96% of the stock is owned by institutional investors.

Analysts Set New Price Targets

XYL has been the subject of several recent research reports. Weiss Ratings reissued a "buy (b)" rating on shares of Xylem in a research report on Saturday, September 27th. TD Cowen boosted their target price on shares of Xylem from $125.00 to $130.00 and gave the stock a "hold" rating in a research report on Tuesday, August 26th. Citigroup reaffirmed a "buy" rating and set a $152.00 price objective (up from $137.00) on shares of Xylem in a report on Monday, July 14th. UBS Group upped their price objective on shares of Xylem from $164.00 to $168.00 and gave the stock a "buy" rating in a report on Tuesday, August 5th. Finally, Barclays assumed coverage on shares of Xylem in a report on Friday, September 19th. They set an "overweight" rating and a $165.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and five have assigned a Hold rating to the company's stock. According to data from MarketBeat, Xylem has an average rating of "Moderate Buy" and a consensus target price of $152.33.

Insider Buying and Selling

In related news, CAO Geri-Michelle Mcshane sold 1,000 shares of the company's stock in a transaction on Friday, September 5th. The shares were sold at an average price of $139.96, for a total transaction of $139,960.00. Following the completion of the transaction, the chief accounting officer directly owned 2,957 shares in the company, valued at $413,861.72. This represents a 25.27% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.27% of the stock is currently owned by insiders.

Xylem Price Performance

NYSE:XYL opened at $149.99 on Friday. The stock has a market cap of $36.51 billion, a P/E ratio of 38.96, a PEG ratio of 2.58 and a beta of 1.13. Xylem Inc. has a one year low of $100.47 and a one year high of $150.98. The company has a fifty day moving average price of $141.96 and a 200 day moving average price of $129.43. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.90 and a quick ratio of 1.43.

Xylem (NYSE:XYL - Get Free Report) last released its earnings results on Thursday, July 31st. The industrial products company reported $1.26 EPS for the quarter, beating the consensus estimate of $1.15 by $0.11. The firm had revenue of $2.30 billion during the quarter, compared to analysts' expectations of $2.20 billion. Xylem had a net margin of 10.74% and a return on equity of 10.33%. The business's quarterly revenue was up 6.1% compared to the same quarter last year. During the same period in the prior year, the company earned $1.09 EPS. Xylem has set its FY 2025 guidance at 4.700-4.850 EPS. Analysts anticipate that Xylem Inc. will post 4.65 earnings per share for the current year.

Xylem Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 25th. Investors of record on Thursday, August 28th were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.1%. The ex-dividend date was Thursday, August 28th. Xylem's dividend payout ratio is presently 41.56%.

Xylem Profile

Xylem Inc, together with its subsidiaries, engages in the design, manufacture, and servicing of engineered products and solutions worldwide. It operates through four segments: Water Infrastructure, Applied Water, Measurement & Control Solutions, and Integrated Solutions and Services. The Water Infrastructure segment offers products, including water, storm water, and wastewater pumps; controls and systems; filtration, disinfection, and biological treatment equipment; and mobile dewatering equipment and rental services under the ADI, Flygt, Godwin, Sanitaire, Magneto, Neptune Benson, Ionpure, Leopold, Wedeco, and Xylem Vue brands.

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