Fjarde AP Fonden Fourth Swedish National Pension Fund Decreases Holdings in Xylem Inc. $XYL

Key Points

• The Fjarde AP Fonden Fourth Swedish National Pension Fund sold 14,300 shares of Xylem Inc., reducing its stake by 21.5% to 52,239 shares, valued at approximately $6.24 million.
• Several institutional investors, including Townsquare Capital LLC and Valley National Advisers Inc., have recently increased their holdings in Xylem, indicating ongoing institutional interest in the stock.
• Xylem has received a mix of ratings from analysts, with UBS Group upgrading its target price to $168 and maintaining a "buy" rating, contributing to an overall "Moderate Buy" consensus rating.

Fjarde AP Fonden Fourth Swedish National Pension Fund reduced its position in shares of Xylem Inc. (NYSE:XYL - Free Report) by 21.5% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 52,239 shares of the industrial products company's stock after selling 14,300 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund's holdings in Xylem were worth $6,240,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of XYL. Valley National Advisers Inc. boosted its holdings in shares of Xylem by 84.9% during the 1st quarter. Valley National Advisers Inc. now owns 220 shares of the industrial products company's stock worth $26,000 after buying an additional 101 shares during the period. Perkins Coie Trust Co acquired a new position in Xylem during the 1st quarter valued at $27,000. Center for Financial Planning Inc. raised its stake in Xylem by 52.0% during the 1st quarter. Center for Financial Planning Inc. now owns 266 shares of the industrial products company's stock valued at $32,000 after purchasing an additional 91 shares during the last quarter. Heck Capital Advisors LLC acquired a new position in Xylem during the 4th quarter valued at $36,000. Finally, Headlands Technologies LLC raised its stake in Xylem by 90.6% during the 1st quarter. Headlands Technologies LLC now owns 305 shares of the industrial products company's stock valued at $36,000 after purchasing an additional 145 shares during the last quarter. 87.96% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Robert W. Baird cut their target price on shares of Xylem from $149.00 to $146.00 and set an "outperform" rating for the company in a research note on Wednesday, April 30th. Raymond James Financial upgraded shares of Xylem to a "hold" rating in a research note on Thursday, May 15th. JPMorgan Chase & Co. assumed coverage on shares of Xylem in a research note on Friday, May 30th. They set an "overweight" rating and a $148.00 target price for the company. Citigroup restated a "buy" rating and issued a $152.00 price objective (up previously from $137.00) on shares of Xylem in a research note on Monday, July 14th. Finally, Stifel Nicolaus lifted their price objective on shares of Xylem from $162.00 to $175.00 and gave the stock a "buy" rating in a research note on Friday, August 1st. Six analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $151.57.

Xylem Trading Up 0.0%

Shares of Xylem stock traded up $0.02 on Wednesday, hitting $141.85. The stock had a trading volume of 659,225 shares, compared to its average volume of 1,468,926. The stock has a 50 day moving average of $133.35 and a 200 day moving average of $126.12. Xylem Inc. has a twelve month low of $100.47 and a twelve month high of $145.33. The firm has a market capitalization of $34.53 billion, a P/E ratio of 36.83, a PEG ratio of 2.44 and a beta of 1.11. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.43 and a current ratio of 1.90.

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

Xylem Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 25th. Investors of record on Thursday, August 28th will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend is Thursday, August 28th. Xylem's dividend payout ratio is presently 41.56%.

About Xylem

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.