Swedbank AB Raises Holdings in Xylem Inc. $XYL

Swedbank AB lifted its stake in Xylem Inc. (NYSE:XYL - Free Report) by 6.0% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,507,966 shares of the industrial products company's stock after buying an additional 310,213 shares during the quarter. Xylem makes up 0.7% of Swedbank AB's holdings, making the stock its 23rd largest position. Swedbank AB owned about 2.26% of Xylem worth $750,075,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the business. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in Xylem by 5.7% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 513,862 shares of the industrial products company's stock worth $70,456,000 after purchasing an additional 27,749 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in Xylem by 1.3% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 29,516 shares of the industrial products company's stock worth $4,019,000 after purchasing an additional 373 shares in the last quarter. Principal Financial Group Inc. boosted its position in Xylem by 1.9% during the fourth quarter. Principal Financial Group Inc. now owns 284,609 shares of the industrial products company's stock worth $38,758,000 after purchasing an additional 5,225 shares in the last quarter. QRG Capital Management Inc. boosted its position in Xylem by 6.2% during the fourth quarter. QRG Capital Management Inc. now owns 17,649 shares of the industrial products company's stock worth $2,403,000 after purchasing an additional 1,035 shares in the last quarter. Finally, Ascent Wealth Partners LLC boosted its position in Xylem by 1.3% during the fourth quarter. Ascent Wealth Partners LLC now owns 14,574 shares of the industrial products company's stock worth $1,985,000 after purchasing an additional 189 shares in the last quarter. Hedge funds and other institutional investors own 87.96% of the company's stock.

Insider Activity at Xylem

In related news, Director Jerome A. Peribere purchased 1,210 shares of the business's stock in a transaction that occurred on Monday, May 4th. The stock was purchased at an average price of $116.61 per share, with a total value of $141,098.10. Following the completion of the acquisition, the director owned 27,209 shares in the company, valued at $3,172,841.49. This trade represents a 4.65% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.32% of the company's stock.

Xylem Stock Performance

NYSE XYL opened at $116.42 on Wednesday. The company has a market cap of $27.67 billion, a PE ratio of 28.96, a price-to-earnings-growth ratio of 1.64 and a beta of 1.08. The stock's 50 day simple moving average is $123.05 and its 200-day simple moving average is $134.50. Xylem Inc. has a 1-year low of $114.15 and a 1-year high of $154.27. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.46 and a quick ratio of 1.10.

Xylem (NYSE:XYL - Get Free Report) last posted its quarterly earnings results on Tuesday, April 28th. The industrial products company reported $1.12 EPS for the quarter, beating the consensus estimate of $1.09 by $0.03. Xylem had a return on equity of 11.26% and a net margin of 10.79%.The firm had revenue of $2.13 billion during the quarter, compared to analysts' expectations of $2.11 billion. During the same quarter last year, the firm earned $1.03 earnings per share. The business's revenue for the quarter was up 2.7% on a year-over-year basis. Xylem has set its FY 2026 guidance at 5.350-5.600 EPS. As a group, equities research analysts anticipate that Xylem Inc. will post 5.51 EPS for the current fiscal year.

Xylem announced that its board has approved a stock repurchase plan on Wednesday, February 25th that authorizes the company to repurchase $1.50 billion in shares. This repurchase authorization authorizes the industrial products company to reacquire up to 4.8% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company's board believes its shares are undervalued.

Xylem Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 24th. Investors of record on Tuesday, February 24th were issued a $0.43 dividend. This is a boost from Xylem's previous quarterly dividend of $0.40. This represents a $1.72 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend was Tuesday, February 24th. Xylem's payout ratio is 42.79%.

Wall Street Analyst Weigh In

XYL has been the topic of a number of recent analyst reports. TD Cowen reiterated a "hold" rating on shares of Xylem in a research report on Monday, February 23rd. Barclays lowered their price target on Xylem from $156.00 to $154.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 29th. Jefferies Financial Group reiterated a "hold" rating and set a $130.00 price target (down from $140.00) on shares of Xylem in a research report on Tuesday, March 31st. Royal Bank Of Canada lowered their price target on Xylem from $176.00 to $162.00 and set an "outperform" rating on the stock in a research report on Wednesday, February 11th. Finally, Weiss Ratings downgraded Xylem from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Monday, April 6th. Seven analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $152.77.

About Xylem

Xylem Inc NYSE: XYL is a global water technology company that designs, manufactures and services engineered systems and equipment for the transport, treatment, testing and efficient use of water. Its product portfolio spans pumps and pumping systems, valves, filtration and disinfection equipment, sensors and analytical instruments, and digital solutions for monitoring and control of water infrastructure. Xylem serves the full water cycle with offerings for water and wastewater utilities, industrial customers, commercial and residential buildings, and agricultural applications.

The company was established as an independent publicly traded company in 2011 following a corporate spin-off from ITT Corporation and is headquartered in Rye Brook, New York.

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