Tredje AP fonden Has $87.11 Million Stock Position in Xylem Inc. $XYL

Tredje AP fonden lowered its stake in Xylem Inc. (NYSE:XYL) by 8.0% during the fourth quarter, Holdings Channel.com reports. The fund owned 639,676 shares of the industrial products company’s stock after selling 55,742 shares during the period. Tredje AP fonden’s holdings in Xylem were worth $87,111,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of XYL. Vanguard Group Inc. raised its position in Xylem by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 30,054,743 shares of the industrial products company’s stock worth $4,092,855,000 after acquiring an additional 152,507 shares in the last quarter. State Street Corp lifted its stake in Xylem by 1.2% in the third quarter. State Street Corp now owns 10,953,206 shares of the industrial products company’s stock valued at $1,615,598,000 after acquiring an additional 133,173 shares during the last quarter. Swedbank AB lifted its stake in Xylem by 6.0% in the fourth quarter. Swedbank AB now owns 5,507,966 shares of the industrial products company’s stock valued at $750,075,000 after acquiring an additional 310,213 shares during the last quarter. Northern Trust Corp lifted its stake in Xylem by 1.6% in the third quarter. Northern Trust Corp now owns 3,259,233 shares of the industrial products company’s stock valued at $480,737,000 after acquiring an additional 51,343 shares during the last quarter. Finally, Legal & General Group Plc lifted its stake in Xylem by 12.2% in the third quarter. Legal & General Group Plc now owns 2,029,272 shares of the industrial products company’s stock valued at $299,318,000 after acquiring an additional 220,246 shares during the last quarter. Institutional investors and hedge funds own 87.96% of the company’s stock.

Insider Activity

In other 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 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jerome A. Peribere acquired 1,210 shares of the company’s stock in a transaction dated Monday, May 4th. The stock was bought at an average cost of $116.61 per share, for a total transaction of $141,098.10. Following the completion of the transaction, the director directly owned 27,209 shares of the company’s stock, valued at approximately $3,172,841.49. This trade represents a 4.65% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 0.32% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts have commented on XYL shares. William Blair started coverage on shares of Xylem in a research note on Monday, January 26th. They issued an “outperform” rating for the company. Oppenheimer cut their price target on shares of Xylem from $160.00 to $158.00 and set an “outperform” rating for the company in a research note on Wednesday, April 29th. TD Cowen reiterated a “hold” rating on shares of Xylem in a research note on Monday, February 23rd. Mizuho set a $138.00 price target on shares of Xylem in a research note on Wednesday, February 11th. Finally, UBS Group increased their price target on shares of Xylem from $132.00 to $133.00 and gave the company a “neutral” rating in a research note on Wednesday, April 29th. Seven research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $152.77.

Xylem Price Performance

Shares of XYL opened at $108.32 on Tuesday. The firm has a market capitalization of $25.75 billion, a PE ratio of 26.95, a PEG ratio of 1.54 and a beta of 1.08. The company’s 50-day moving average is $120.05 and its 200-day moving average is $132.24. Xylem Inc. has a fifty-two week low of $107.79 and a fifty-two week 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) last issued 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 for 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%. The company’s revenue was up 2.7% on a year-over-year basis. During the same period in the prior year, the firm earned $1.03 earnings per share. Xylem has set its FY 2026 guidance at 5.350-5.600 EPS. Equities analysts forecast that Xylem Inc. will post 5.51 EPS for the current year.

Xylem declared that its board has approved a share repurchase program on Wednesday, February 25th that allows the company to buyback $1.50 billion in outstanding shares. This buyback authorization allows the industrial products company to repurchase up to 4.8% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s board believes its shares are undervalued.

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 given a $0.43 dividend. The ex-dividend date of this dividend is Thursday, May 28th. This represents a $1.72 annualized dividend and a dividend yield of 1.6%. Xylem’s dividend payout ratio is presently 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.