Xylem Inc. $XYL Holdings Trimmed by Handelsbanken Fonder AB

Handelsbanken Fonder AB reduced its position in shares of Xylem Inc. (NYSE:XYL) by 37.4% during the 2nd quarter, Holdings Channel.com reports. The firm owned 352,869 shares of the industrial products company’s stock after selling 210,581 shares during the period. Handelsbanken Fonder AB’s holdings in Xylem were worth $41,713,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Orion Porfolio Solutions LLC grew its holdings in shares of Xylem by 1.0% during the third quarter. Orion Porfolio Solutions LLC now owns 7,802 shares of the industrial products company’s stock valued at $1,151,000 after buying an additional 74 shares in the last quarter. Quest Investment Management LLC raised its position in Xylem by 1.0% during the third quarter. Quest Investment Management LLC now owns 7,588 shares of the industrial products company’s stock valued at $1,119,000 after buying an additional 77 shares during the period. Notis McConarty Edward lifted its stake in Xylem by 0.3% in the 4th quarter. Notis McConarty Edward now owns 31,678 shares of the industrial products company’s stock worth $4,314,000 after acquiring an additional 86 shares in the last quarter. Moneco Advisors LLC boosted its position in Xylem by 4.6% during the 4th quarter. Moneco Advisors LLC now owns 2,049 shares of the industrial products company’s stock worth $279,000 after acquiring an additional 90 shares during the period. Finally, Compound Planning Inc. boosted its position in Xylem by 4.2% during the 4th quarter. Compound Planning Inc. now owns 2,258 shares of the industrial products company’s stock worth $308,000 after acquiring an additional 91 shares during the period. Hedge funds and other institutional investors own 87.96% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on XYL. Royal Bank Of Canada upped their target price on Xylem from $159.00 to $164.00 and gave the company an “outperform” rating in a report on Wednesday, July 29th. Robert W. Baird raised their price target on shares of Xylem from $163.00 to $165.00 and gave the stock an “outperform” rating in a report on Wednesday, July 29th. Stifel Nicolaus boosted their price objective on shares of Xylem from $157.00 to $160.00 and gave the company a “buy” rating in a research report on Wednesday, July 29th. Mizuho upped their price objective on shares of Xylem from $124.00 to $130.00 and gave the company a “neutral” rating in a research note on Wednesday, July 29th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Xylem in a research report on Wednesday, August 5th. Nine research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $154.00.

Xylem Stock Performance

Shares of XYL stock opened at $123.10 on Wednesday. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.61 and a quick ratio of 1.24. Xylem Inc. has a fifty-two week low of $105.29 and a fifty-two week high of $154.27. The stock’s 50-day moving average is $116.83 and its two-hundred day moving average is $120.95. The firm has a market cap of $28.74 billion, a P/E ratio of 29.31, a PEG ratio of 1.68 and a beta of 1.02.

Xylem (NYSE:XYL) last announced its quarterly earnings results on Tuesday, July 28th. The industrial products company reported $1.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.34 by $0.12. The business had revenue of $2.34 billion during the quarter, compared to analyst estimates of $2.34 billion. Xylem had a return on equity of 11.77% and a net margin of 11.15%.The firm’s revenue was up 1.5% on a year-over-year basis. During the same period in the previous year, the company earned $1.26 EPS. Xylem has set its FY 2026 guidance at 5.550-5.700 EPS. Analysts predict that Xylem Inc. will post 5.67 earnings per share for the current fiscal year.

Xylem Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 25th. Shareholders of record on Thursday, May 28th were given a $0.43 dividend. This represents a $1.72 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend was Thursday, May 28th. Xylem’s payout ratio is currently 40.95%.

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.