Lansforsakringar Fondforvaltning AB publ Has $9.70 Million Stock Holdings in Xylem Inc. $XYL

Lansforsakringar Fondforvaltning AB publ trimmed its position in Xylem Inc. (NYSE:XYL) by 41.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 81,167 shares of the industrial products company’s stock after selling 58,421 shares during the quarter. Lansforsakringar Fondforvaltning AB publ’s holdings in Xylem were worth $9,699,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in XYL. Janney Montgomery Scott LLC grew its stake in Xylem by 3.2% during the 1st quarter. Janney Montgomery Scott LLC now owns 54,955 shares of the industrial products company’s stock valued at $6,567,000 after acquiring an additional 1,690 shares in the last quarter. Cambient Family Office LLC grew its position in Xylem by 9.3% during the first quarter. Cambient Family Office LLC now owns 16,955 shares of the industrial products company’s stock valued at $2,026,000 after purchasing an additional 1,438 shares in the last quarter. Pinnacle Wealth Management Advisory Group LLC acquired a new position in Xylem in the 1st quarter valued at approximately $226,000. Louisiana State Employees Retirement System acquired a new stake in shares of Xylem during the 1st quarter valued at $1,482,000. Finally, Breakwater Capital Group grew its holdings in shares of Xylem by 24.8% during the 1st quarter. Breakwater Capital Group now owns 2,016 shares of the industrial products company’s stock valued at $241,000 after acquiring an additional 400 shares in the last quarter. 87.96% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on XYL. Stifel Nicolaus cut their price target on Xylem from $163.00 to $159.00 and set a “buy” rating for the company in a research note on Wednesday, April 29th. Weiss Ratings cut shares of Xylem from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, May 8th. Barclays decreased their target price on shares of Xylem from $156.00 to $154.00 and set an “overweight” rating for the company in a research report on Wednesday, April 29th. Citigroup reduced their price objective on shares of Xylem from $174.00 to $168.00 and set a “buy” rating for the company in a research note on Wednesday, April 29th. Finally, UBS Group increased their target price on shares of Xylem from $132.00 to $133.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 29th. Eight research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, Xylem currently has an average rating of “Moderate Buy” and an average price target of $153.54.

Insider Transactions at Xylem

In related news, Director Jerome A. Peribere acquired 1,210 shares of the company’s stock in a transaction on Monday, May 4th. The stock was purchased at an average cost of $116.61 per share, for a total transaction of $141,098.10. Following the completion of the purchase, the director directly owned 27,209 shares of the company’s stock, valued at $3,172,841.49. The trade was a 4.65% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Geri-Michelle Mcshane sold 4,269 shares of Xylem stock in a transaction on Thursday, May 7th. The shares were sold at an average price of $117.46, for a total value of $501,436.74. Following the transaction, the chief accounting officer directly owned 3,605 shares of the company’s stock, valued at approximately $423,443.30. The trade was a 54.22% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 0.32% of the company’s stock.

Xylem Price Performance

Shares of Xylem stock opened at $117.35 on Thursday. The company has a current ratio of 1.46, a quick ratio of 1.10 and a debt-to-equity ratio of 0.13. The firm has a fifty day simple moving average of $112.76 and a 200-day simple moving average of $124.85. The stock has a market capitalization of $27.89 billion, a price-to-earnings ratio of 29.19, a PEG ratio of 1.68 and a beta of 1.03. Xylem Inc. has a 1-year low of $105.29 and a 1-year high of $154.27.

Xylem (NYSE:XYL) last announced its earnings results on Tuesday, April 28th. The industrial products company reported $1.12 earnings per share 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 $2.12 billion during the quarter, compared to the consensus estimate of $2.11 billion. During the same quarter in the prior year, the company earned $1.03 EPS. The firm’s revenue for the quarter was up 2.7% compared to the same quarter last year. Xylem has set its FY 2026 guidance at 5.350-5.600 EPS. On average, sell-side analysts expect that Xylem Inc. will post 5.51 earnings per share for the current year.

Xylem Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 25th. Stockholders of record on Thursday, May 28th were given a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a dividend yield of 1.5%. The ex-dividend date was Thursday, May 28th. Xylem’s payout ratio is 42.79%.

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.