Handelsbanken Fonder AB Has $128.39 Million Stock Holdings in Xylem Inc. $XYL

Handelsbanken Fonder AB lifted its stake in shares of Xylem Inc. (NYSE:XYL) by 13.2% in the third quarter, Holdings Channel.com reports. The fund owned 870,404 shares of the industrial products company’s stock after acquiring an additional 101,533 shares during the quarter. Handelsbanken Fonder AB’s holdings in Xylem were worth $128,385,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. SJS Investment Consulting Inc. raised its holdings in Xylem by 1,844.4% during the 3rd quarter. SJS Investment Consulting Inc. now owns 175 shares of the industrial products company’s stock worth $26,000 after purchasing an additional 166 shares during the last quarter. First Horizon Corp acquired a new stake in shares of Xylem during the third quarter worth $30,000. Grey Fox Wealth Advisors LLC bought a new position in Xylem during the third quarter worth $34,000. Root Financial Partners LLC acquired a new position in Xylem in the third quarter valued at $46,000. Finally, Caldwell Trust Co bought a new stake in Xylem during the second quarter valued at $41,000. 87.96% of the stock is currently owned by institutional investors.

Xylem Trading Up 2.8%

Shares of Xylem stock opened at $131.85 on Friday. The stock has a market capitalization of $32.10 billion, a PE ratio of 33.64, a price-to-earnings-growth ratio of 1.83 and a beta of 1.17. Xylem Inc. has a 52 week low of $100.47 and a 52 week high of $154.27. The stock has a 50 day moving average price of $136.86 and a two-hundred day moving average price of $141.23. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.28 and a current ratio of 1.62.

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

Xylem Increases Dividend

The firm also recently disclosed 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 is an increase from Xylem’s previous quarterly dividend of $0.40. This represents a $1.72 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date is Tuesday, February 24th. Xylem’s dividend payout ratio is 43.88%.

Xylem declared that its board has initiated a share repurchase plan on Wednesday, February 25th that authorizes the company to buyback $1.50 billion in shares. This buyback authorization authorizes the industrial products company to buy up to 4.8% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board believes its shares are undervalued.

Wall Street Analyst Weigh In

XYL has been the subject of several research analyst reports. The Goldman Sachs Group set a $158.00 price objective on Xylem in a research report on Wednesday, February 11th. Royal Bank Of Canada lowered their target price on Xylem from $176.00 to $162.00 and set an “outperform” rating for the company in a report on Wednesday, February 11th. William Blair initiated coverage on Xylem in a research note on Monday, January 26th. They issued an “outperform” rating on the stock. Zacks Research downgraded shares of Xylem from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 18th. Finally, Robert W. Baird set a $161.00 target price on shares of Xylem in a research report on Wednesday, February 11th. Nine equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $158.08.

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.