Handelsbanken Fonder AB Has $82.84 Million Position in Xylem Inc. $XYL

Handelsbanken Fonder AB reduced its stake in Xylem Inc. (NYSE:XYL) by 30.1% during the fourth quarter, HoldingsChannel reports. The firm owned 608,331 shares of the industrial products company’s stock after selling 262,073 shares during the quarter. Handelsbanken Fonder AB’s holdings in Xylem were worth $82,843,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. State of Wyoming boosted its stake in shares of Xylem by 10.4% in the 3rd quarter. State of Wyoming now owns 756 shares of the industrial products company’s stock valued at $112,000 after purchasing an additional 71 shares in the last quarter. Orion Porfolio Solutions LLC boosted its position in Xylem by 1.0% during the 3rd quarter. Orion Porfolio Solutions LLC now owns 7,802 shares of the industrial products company’s stock worth $1,151,000 after buying an additional 74 shares during the period. Journey Strategic Wealth LLC boosted its position in Xylem by 1.5% during the 3rd quarter. Journey Strategic Wealth LLC now owns 5,107 shares of the industrial products company’s stock worth $753,000 after buying an additional 77 shares during the period. Quest Investment Management LLC boosted its position in Xylem by 1.0% during the 3rd quarter. Quest Investment Management LLC now owns 7,588 shares of the industrial products company’s stock worth $1,119,000 after buying an additional 77 shares during the period. Finally, Keel Point LLC boosted its position in Xylem by 4.6% during the 3rd quarter. Keel Point LLC now owns 1,784 shares of the industrial products company’s stock worth $263,000 after buying an additional 79 shares during the period. 87.96% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on XYL shares. Weiss Ratings downgraded shares of Xylem from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, May 8th. Robert W. Baird set a $161.00 target price on shares of Xylem in a research report on Wednesday, February 11th. Barclays cut their target price on shares of Xylem from $156.00 to $154.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 29th. TD Cowen reiterated a “hold” rating on shares of Xylem in a research report on Monday, February 23rd. Finally, Citigroup cut their target price on shares of Xylem from $174.00 to $168.00 and set a “buy” rating on the stock in a research report on Wednesday, April 29th. Seven investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $152.77.

Xylem Stock Performance

NYSE:XYL opened at $108.32 on Tuesday. The company has a fifty day moving average of $120.05 and a 200-day moving average of $132.24. The firm has a market capitalization of $25.75 billion, a P/E ratio of 26.95, a P/E/G ratio of 1.54 and a beta of 1.08. 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 Inc. has a twelve month low of $107.79 and a twelve month high of $154.27.

Xylem (NYSE:XYL) last released its quarterly earnings data 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. The company had revenue of $2.13 billion during the quarter, compared to analyst estimates of $2.11 billion. Xylem had a net margin of 10.79% and a return on equity of 11.26%. Xylem’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.03 EPS. Xylem has set its FY 2026 guidance at 5.350-5.600 EPS. As a group, sell-side analysts anticipate that Xylem Inc. will post 5.51 EPS for the current year.

Xylem Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 25th. Stockholders of record on Thursday, May 28th will be paid a $0.43 dividend. The ex-dividend date is Thursday, May 28th. This represents a $1.72 annualized dividend and a dividend yield of 1.6%. Xylem’s payout ratio is currently 42.79%.

Xylem announced that its Board of Directors has approved a share buyback plan on Wednesday, February 25th that allows the company to buyback $1.50 billion in shares. This buyback authorization allows the industrial products company to reacquire up to 4.8% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s management believes its stock is undervalued.

Insider Buying and Selling at Xylem

In other news, 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 completion of the sale, the chief accounting officer owned 3,605 shares in the company, valued at $423,443.30. The trade was a 54.22% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Jerome A. Peribere purchased 1,210 shares of the firm’s stock in a transaction on Monday, May 4th. The shares were acquired at an average price of $116.61 per share, with a total value of $141,098.10. Following the purchase, the director directly owned 27,209 shares in the company, valued at $3,172,841.49. This represents a 4.65% increase in their position. The SEC filing for this purchase provides additional information. Insiders own 0.32% of the company’s stock.

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.