Swedbank AB Purchases 151,841 Shares of Xylem Inc. $XYL

Key Points

• Swedbank AB increased its holdings in Xylem Inc. by 4.1% during Q1, now owning approximately 1.58% of the company, valued at about $458 million.
• Xylem recently announced a quarterly dividend of $0.40 per share, which translates to an annualized dividend yield of 1.1%.
• Analysts have generally rated Xylem as a "Moderate Buy," with several upgrades; the average target price is set at $152.29.

Swedbank AB grew its stake in shares of Xylem Inc. (NYSE:XYL - Free Report) by 4.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,835,042 shares of the industrial products company's stock after purchasing an additional 151,841 shares during the period. Swedbank AB owned approximately 1.58% of Xylem worth $458,134,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Valley National Advisers Inc. raised its stake in 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 bought a new stake in shares of Xylem during the first quarter valued at approximately $27,000. Center for Financial Planning Inc. raised its position in shares of Xylem by 52.0% during the first quarter. Center for Financial Planning Inc. now owns 266 shares of the industrial products company's stock worth $32,000 after purchasing an additional 91 shares during the period. Headlands Technologies LLC lifted its holdings in shares of Xylem by 90.6% in the 1st quarter. Headlands Technologies LLC now owns 305 shares of the industrial products company's stock worth $36,000 after purchasing an additional 145 shares in the last quarter. Finally, Heck Capital Advisors LLC acquired a new stake in Xylem in the 4th quarter valued at $36,000. 87.96% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Xylem

In other Xylem news, CAO Geri-Michelle Mcshane sold 1,000 shares of Xylem stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $139.96, for a total value of $139,960.00. Following the sale, the chief accounting officer owned 2,957 shares of the company's stock, valued at approximately $413,861.72. The trade was a 25.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.27% of the company's stock.

Analyst Upgrades and Downgrades

XYL has been the topic of several research reports. Cowen restated a "hold" rating on shares of Xylem in a report on Tuesday, August 26th. JPMorgan Chase & Co. initiated coverage on shares of Xylem in a research report on Friday, May 30th. They set an "overweight" rating and a $148.00 target price for the company. Citigroup reaffirmed a "buy" rating and issued a $152.00 price target (up previously from $137.00) on shares of Xylem in a research report on Monday, July 14th. TD Cowen boosted their price objective on Xylem from $125.00 to $130.00 and gave the stock a "hold" rating in a report on Tuesday, August 26th. Finally, Stifel Nicolaus increased their price objective on 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 five have issued a Hold rating to the company's stock. According to MarketBeat, Xylem currently has a consensus rating of "Moderate Buy" and a consensus price target of $150.75.

Xylem Stock Performance

Shares of XYL traded down $0.25 on Friday, reaching $141.55. 1,432,800 shares of the company's stock traded hands, compared to its average volume of 1,112,091. The company has a current ratio of 1.90, a quick ratio of 1.43 and a debt-to-equity ratio of 0.17. The stock has a market cap of $34.45 billion, a PE ratio of 36.77, a PEG ratio of 2.45 and a beta of 1.09. The stock's 50 day simple moving average is $138.19 and its two-hundred day simple moving average is $127.60. Xylem Inc. has a 52-week low of $100.47 and a 52-week high of $145.33.

Xylem (NYSE:XYL - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The industrial products company reported $1.26 earnings per share for the quarter, topping the consensus estimate of $1.15 by $0.11. The business had revenue of $2.30 billion for the quarter, compared to analysts' expectations of $2.20 billion. Xylem had a return on equity of 10.33% and a net margin of 10.74%.The business's revenue was up 6.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.09 earnings per share. Xylem has set its FY 2025 guidance at 4.700-4.850 EPS. On average, 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, September 25th. Investors of record on Thursday, August 28th will be given a dividend of $0.40 per share. The ex-dividend date is Thursday, August 28th. This represents a $1.60 annualized dividend and a yield of 1.1%. Xylem's dividend payout ratio is presently 41.56%.

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.