Handelsbanken Fonder AB Grows Stake in Xylem Inc. (NYSE:XYL)

Handelsbanken Fonder AB increased its holdings in Xylem Inc. (NYSE:XYL - Free Report) by 4.4% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 765,307 shares of the industrial products company's stock after acquiring an additional 32,503 shares during the quarter. Handelsbanken Fonder AB owned about 0.31% of Xylem worth $91,424,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in the stock. Perkins Coie Trust Co purchased a new stake in shares of Xylem in the 1st quarter worth about $27,000. Lee Danner & Bass Inc. bought a new stake in Xylem during the 4th quarter valued at approximately $30,000. Rialto Wealth Management LLC purchased a new position in shares of Xylem during the 4th quarter worth approximately $31,000. Heck Capital Advisors LLC purchased a new position in shares of Xylem during the 4th quarter worth approximately $36,000. Finally, Pathway Financial Advisers LLC raised its position in shares of Xylem by 122.4% in the 4th quarter. Pathway Financial Advisers LLC now owns 318 shares of the industrial products company's stock worth $37,000 after acquiring an additional 175 shares in the last quarter. Institutional investors own 87.96% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on XYL shares. Robert W. Baird dropped their price target on Xylem from $149.00 to $146.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 30th. Raymond James upgraded shares of Xylem to a "hold" rating in a report on Thursday, May 15th. Royal Bank of Canada increased their price target on shares of Xylem from $143.00 to $147.00 and gave the stock an "outperform" rating in a research note on Wednesday, April 30th. JPMorgan Chase & Co. began coverage on shares of Xylem in a research report on Friday, May 30th. They set an "overweight" rating and a $148.00 price target for the company. Finally, Stifel Nicolaus upped their price objective on shares of Xylem from $140.00 to $141.00 and gave the stock a "buy" rating in a report on Wednesday, April 30th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, Xylem has a consensus rating of "Moderate Buy" and a consensus price target of $143.71.

Xylem Stock Down 0.6%

XYL stock traded down $0.71 during midday trading on Wednesday, hitting $127.78. The company's stock had a trading volume of 186,219 shares, compared to its average volume of 1,395,517. The firm's 50-day moving average is $119.15 and its 200-day moving average is $121.73. The company has a current ratio of 1.76, a quick ratio of 1.33 and a debt-to-equity ratio of 0.19. Xylem Inc. has a 12 month low of $100.47 and a 12 month high of $143.50. The company has a market cap of $31.10 billion, a PE ratio of 34.90, a P/E/G ratio of 2.33 and a beta of 1.13.

Xylem (NYSE:XYL - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The industrial products company reported $1.03 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.95 by $0.08. Xylem had a return on equity of 9.96% and a net margin of 10.40%. The firm had revenue of $2.07 billion for the quarter, compared to the consensus estimate of $2.04 billion. During the same period in the prior year, the company posted $0.90 earnings per share. The company's quarterly revenue was up 1.8% on a year-over-year basis. On average, equities research analysts forecast that Xylem Inc. will post 4.65 earnings per share for the current fiscal year.

Xylem Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 26th. Stockholders of record on Thursday, May 29th will be paid a $0.40 dividend. The ex-dividend date is Thursday, May 29th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.25%. Xylem's dividend payout ratio is presently 43.01%.

Xylem Company 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.