Handelsbanken Fonder AB Buys 101,533 Shares of Xylem Inc. $XYL

Handelsbanken Fonder AB raised its stake in Xylem Inc. (NYSE:XYL) by 13.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 870,404 shares of the industrial products company’s stock after acquiring an additional 101,533 shares during the period. Handelsbanken Fonder AB owned approximately 0.36% of Xylem worth $128,385,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Vanguard Group Inc. raised its stake in Xylem by 0.7% in the third quarter. Vanguard Group Inc. now owns 29,902,236 shares of the industrial products company’s stock valued at $4,410,580,000 after purchasing an additional 204,407 shares in the last quarter. Geode Capital Management LLC increased its holdings in Xylem by 2.3% in the 2nd quarter. Geode Capital Management LLC now owns 6,141,231 shares of the industrial products company’s stock valued at $791,029,000 after buying an additional 136,605 shares during the period. Amundi raised its position in shares of Xylem by 17.0% in the 2nd quarter. Amundi now owns 5,714,576 shares of the industrial products company’s stock valued at $730,717,000 after buying an additional 830,337 shares in the last quarter. Impax Asset Management Group plc raised its position in shares of Xylem by 13.7% in the 2nd quarter. Impax Asset Management Group plc now owns 5,499,688 shares of the industrial products company’s stock valued at $709,183,000 after buying an additional 663,191 shares in the last quarter. Finally, Swedbank AB lifted its holdings in shares of Xylem by 19.0% during the 3rd quarter. Swedbank AB now owns 5,197,753 shares of the industrial products company’s stock worth $766,669,000 after acquiring an additional 830,821 shares during the period. 87.96% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

XYL has been the subject of several research analyst reports. TD Cowen restated a “hold” rating on shares of Xylem in a research report on Monday. Weiss Ratings reiterated a “buy (b-)” rating on shares of Xylem in a research note on Monday, December 29th. Robert W. Baird set a $161.00 price objective on Xylem in a research report on Wednesday, February 11th. Barclays decreased their target price on Xylem from $166.00 to $156.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 11th. Finally, Citigroup dropped their target price on shares of Xylem from $182.00 to $174.00 and set a “buy” rating for the company in a report on Wednesday, February 11th. Nine research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, Xylem currently has a consensus rating of “Moderate Buy” and an average price target of $158.08.

Xylem Price Performance

Shares of XYL opened at $131.85 on Friday. The company has a quick ratio of 1.28, a current ratio of 1.62 and a debt-to-equity ratio of 0.12. The stock has a market cap of $32.10 billion, a PE ratio of 33.64, a PEG ratio of 1.83 and a beta of 1.17. Xylem Inc. has a 12-month low of $100.47 and a 12-month high of $154.27. The business has a 50-day simple moving average of $136.86 and a two-hundred day simple moving average of $141.23.

Xylem (NYSE:XYL) last released its quarterly earnings results on Tuesday, February 10th. The industrial products company reported $1.42 earnings per share for the quarter, hitting the consensus estimate of $1.42. Xylem had a return on equity of 11.11% and a net margin of 10.59%.During the same quarter in the previous year, the company earned $1.18 EPS. The business’s revenue for the quarter was up 6.3% on a year-over-year basis. Xylem has set its FY 2026 guidance at 5.350-5.560 EPS. Analysts anticipate that Xylem Inc. will post 4.65 earnings per share for the current fiscal year.

Xylem Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 24th. Stockholders of record on Tuesday, February 24th will be issued a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 1.3%. This is a boost from Xylem’s previous quarterly dividend of $0.40. The ex-dividend date is Tuesday, February 24th. Xylem’s dividend payout ratio (DPR) is presently 43.88%.

Xylem declared that its Board of Directors has initiated a stock buyback program on Wednesday, February 25th that authorizes the company to buyback $1.50 billion in shares. This buyback authorization authorizes the industrial products company to repurchase up to 4.8% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s leadership believes its shares are undervalued.

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.