Swedbank AB lifted its stake in Xylem Inc. (NYSE:XYL – Free Report) by 6.0% in the 4th quarter, Holdings Channel.com reports. The firm owned 5,507,966 shares of the industrial products company’s stock after purchasing an additional 310,213 shares during the period. Xylem makes up about 0.7% of Swedbank AB’s investment portfolio, making the stock its 23rd biggest position. Swedbank AB’s holdings in Xylem were worth $750,075,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its stake 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 during the last quarter. State Street Corp increased its stake in Xylem by 1.2% during the third quarter. State Street Corp now owns 10,953,206 shares of the industrial products company’s stock worth $1,615,598,000 after acquiring an additional 133,173 shares during the last quarter. Northern Trust Corp increased its stake in Xylem by 1.6% during the third quarter. Northern Trust Corp now owns 3,259,233 shares of the industrial products company’s stock worth $480,737,000 after acquiring an additional 51,343 shares during the last quarter. Legal & General Group Plc increased its stake in Xylem by 12.2% during the third quarter. Legal & General Group Plc now owns 2,029,272 shares of the industrial products company’s stock worth $299,318,000 after acquiring an additional 220,246 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in Xylem by 9.2% during the third quarter. Dimensional Fund Advisors LP now owns 2,019,807 shares of the industrial products company’s stock worth $297,857,000 after acquiring an additional 169,688 shares during the last quarter. Institutional investors and hedge funds own 87.96% of the company’s stock.
Insider Buying and Selling
In related news, Director Jerome A. Peribere bought 1,210 shares of the stock in a transaction that occurred on Monday, May 4th. The stock was purchased at an average cost of $116.61 per share, with a total value of $141,098.10. Following the purchase, 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 position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. 0.32% of the stock is owned by insiders.
Analyst Ratings Changes
View Our Latest Stock Report on XYL
Xylem Trading Up 1.4%
Shares of NYSE XYL opened at $116.42 on Wednesday. Xylem Inc. has a twelve month low of $114.15 and a twelve month high of $154.27. The stock has a market capitalization of $27.67 billion, a PE ratio of 28.96, a PEG ratio of 1.64 and a beta of 1.08. 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 stock has a fifty day simple moving average of $123.05 and a 200-day simple moving average of $134.50.
Xylem (NYSE:XYL – Get Free Report) last released its earnings results 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 return on equity of 11.26% and a net margin of 10.79%.The firm had revenue of $2.13 billion during the quarter, compared to analysts’ expectations of $2.11 billion. During the same period in the previous year, the firm posted $1.03 EPS. Xylem’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. On average, equities analysts forecast that Xylem Inc. will post 5.51 earnings per share for the current year.
Xylem declared that its board has approved 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 generally a sign that the company’s board of directors believes its stock is undervalued.
Xylem Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Tuesday, March 24th. Investors of record on Tuesday, February 24th were paid a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend was Tuesday, February 24th. This is a positive change from Xylem’s previous quarterly dividend of $0.40. Xylem’s payout ratio is presently 42.79%.
Xylem 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.
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