Swedbank AB Has $564.91 Million Stock Position in Xylem Inc. $XYL

Key Points

• Swedbank AB increased its stake in Xylem Inc. by 13.9% in Q2, now owning approximately $564.91 million worth 4,366,932 shares, making it the 29th largest position in its portfolio.
• Xylem reported quarterly earnings of $1.26 per share, surpassing analyst estimates of $1.15, with a net revenue of $2.30 billion for the quarter, marking a 6.1% year-over-year increase.
• Analysts have a consensus rating of "Moderate Buy" for Xylem, with a target price averaging $150.75, following several recent upgrades from different research firms.

Swedbank AB lifted its stake in shares of Xylem Inc. (NYSE:XYL - Free Report) by 13.9% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,366,932 shares of the industrial products company's stock after purchasing an additional 531,890 shares during the period. Xylem accounts for 0.6% of Swedbank AB's holdings, making the stock its 29th biggest position. Swedbank AB owned about 1.79% of Xylem worth $564,906,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Valley National Advisers Inc. raised its stake in Xylem by 84.9% in the 1st quarter. Valley National Advisers Inc. now owns 220 shares of the industrial products company's stock valued at $26,000 after acquiring an additional 101 shares during the period. Perkins Coie Trust Co bought a new stake in Xylem in the 1st quarter valued at $27,000. Center for Financial Planning Inc. raised its stake in Xylem by 52.0% in the 1st quarter. Center for Financial Planning Inc. now owns 266 shares of the industrial products company's stock valued at $32,000 after acquiring an additional 91 shares during the period. Headlands Technologies LLC raised its stake in Xylem by 90.6% in the 1st quarter. Headlands Technologies LLC now owns 305 shares of the industrial products company's stock valued at $36,000 after acquiring an additional 145 shares during the period. Finally, Heck Capital Advisors LLC bought a new stake in Xylem in the 4th quarter valued at $36,000. Institutional investors own 87.96% of the company's stock.

Insider Activity

In other Xylem news, CAO Geri-Michelle Mcshane sold 1,000 shares of the 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 completion of the sale, the chief accounting officer owned 2,957 shares in the company, valued at approximately $413,861.72. This represents a 25.27% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.27% of the stock is currently owned by insiders.

Xylem Stock Performance

Shares of XYL stock traded up $0.65 on Friday, reaching $142.83. The stock had a trading volume of 2,435,675 shares, compared to its average volume of 1,133,769. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.43 and a current ratio of 1.90. The company has a 50 day simple moving average of $139.24 and a 200 day simple moving average of $128.04. The stock has a market cap of $34.77 billion, a P/E ratio of 37.10, a price-to-earnings-growth ratio of 2.47 and a beta of 1.09. Xylem Inc. has a 1 year low of $100.47 and a 1 year high of $145.33.

Xylem (NYSE:XYL - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The industrial products company reported $1.26 EPS for the quarter, topping the consensus estimate of $1.15 by $0.11. The company had revenue of $2.30 billion during 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%.The firm's revenue was up 6.1% on a year-over-year basis. During the same quarter last year, the business posted $1.09 earnings per share. Xylem has set its FY 2025 guidance at 4.700-4.850 EPS. Equities research analysts expect that Xylem Inc. will post 4.65 EPS for the current year.

Xylem Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Wall Street Zen raised Xylem from a "hold" rating to a "buy" rating in a report on Saturday, August 9th. Barclays assumed coverage on Xylem in a research note on Friday. They issued an "overweight" rating and a $165.00 price objective on the stock. JPMorgan Chase & Co. initiated coverage on Xylem in a research note on Friday, May 30th. They issued an "overweight" rating and a $148.00 price objective on the stock. UBS Group raised their price objective on Xylem from $164.00 to $168.00 and gave the stock a "buy" rating in a research report on Tuesday, August 5th. Finally, Citigroup reaffirmed a "buy" rating and set a $152.00 target price (up previously from $137.00) on shares of Xylem in a research note on Monday, July 14th. Seven investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $152.33.

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.