SEB Asset Management AB Takes Position in Xylem Inc. $XYL

SEB Asset Management AB bought a new stake in shares of Xylem Inc. (NYSE:XYL) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 558,162 shares of the industrial products company’s stock, valued at approximately $66,700,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Board of the Pension Protection Fund bought a new stake in Xylem in the fourth quarter valued at approximately $27,000. Commonwealth Retirement Investments LLC bought a new position in shares of Xylem in the fourth quarter worth approximately $27,000. Wexford Capital LP bought a new position in shares of Xylem in the third quarter worth approximately $27,000. Global Assets Advisory LLC purchased a new position in shares of Xylem in the first quarter worth $40,000. Finally, FWL Investment Management LLC purchased a new position in shares of Xylem in the second quarter worth $43,000. 87.96% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

XYL has been the subject of several analyst reports. Stifel Nicolaus dropped their price target on shares of Xylem from $163.00 to $159.00 and set a “buy” rating for the company in a research report on Wednesday, April 29th. UBS Group boosted their price objective on shares of Xylem from $132.00 to $133.00 and gave the company a “neutral” rating in a research report on Wednesday, April 29th. Barclays lowered their price objective on shares of Xylem from $156.00 to $154.00 and set an “overweight” rating for the company in a research note on Wednesday, April 29th. Royal Bank Of Canada increased their target price on shares of Xylem from $157.00 to $159.00 and gave the stock an “outperform” rating in a report on Thursday. Finally, Weiss Ratings cut Xylem from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, May 8th. Eight equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, Xylem currently has a consensus rating of “Moderate Buy” and a consensus target price of $153.31.

Insider Transactions at Xylem

In related news, CAO Geri-Michelle Mcshane sold 4,269 shares of the stock in a transaction dated Thursday, May 7th. The shares were sold at an average price of $117.46, for a total value of $501,436.74. Following the completion of the transaction, the chief accounting officer directly owned 3,605 shares of the company’s stock, valued at $423,443.30. This represents a 54.22% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Jerome A. Peribere acquired 1,210 shares of the stock in a transaction on Monday, May 4th. The stock was bought 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 directly owned 27,209 shares of the company’s stock, valued at $3,172,841.49. This trade represents a 4.65% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 0.32% of the stock is owned by corporate insiders.

Xylem Stock Performance

NYSE:XYL opened at $122.96 on Friday. The stock has a market cap of $29.23 billion, a P/E ratio of 30.59, a price-to-earnings-growth ratio of 1.75 and a beta of 1.03. The firm’s fifty day simple moving average is $113.23 and its 200 day simple moving average is $123.48. Xylem Inc. has a twelve month low of $105.29 and a twelve month high of $154.27. The company has a quick ratio of 1.10, a current ratio of 1.46 and a debt-to-equity ratio of 0.13.

Xylem (NYSE:XYL) last issued its quarterly earnings data on Tuesday, April 28th. The industrial products company reported $1.12 EPS for the quarter, topping the consensus estimate of $1.09 by $0.03. Xylem had a net margin of 10.79% and a return on equity of 11.26%. The business had revenue of $2.12 billion during the quarter, compared to analyst estimates of $2.11 billion. During the same period in the prior year, the business earned $1.03 EPS. The company’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, research analysts predict that Xylem Inc. will post 5.51 EPS for the current year.

Xylem Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, June 25th. Investors of record on Thursday, May 28th were given a dividend of $0.43 per share. The ex-dividend date was Thursday, May 28th. This represents a $1.72 annualized dividend and a dividend yield of 1.4%. Xylem’s payout ratio is currently 42.79%.

Xylem Company Profile

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.