Livforsakringsbolaget Skandia Omsesidigt Trims Holdings in Xylem Inc. $XYL

Livforsakringsbolaget Skandia Omsesidigt cut its stake in Xylem Inc. (NYSE:XYL) by 89.1% in the 4th quarter, Holdings Channel.com reports. The firm owned 2,190 shares of the industrial products company’s stock after selling 17,880 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Xylem were worth $298,000 as of its most recent filing with the SEC.

Other large investors also recently added to or reduced their stakes in the company. Knuff & Co LLC bought a new stake in Xylem during the third quarter valued at $27,000. Wexford Capital LP bought a new stake in Xylem during the third quarter valued at $27,000. Ramirez Asset Management Inc. boosted its stake in Xylem by 100.0% during the third quarter. Ramirez Asset Management Inc. now owns 200 shares of the industrial products company’s stock valued at $30,000 after buying an additional 100 shares during the period. Board of the Pension Protection Fund bought a new stake in Xylem during the fourth quarter valued at $27,000. Finally, Entrust Financial LLC bought a new stake in Xylem during the fourth quarter valued at $45,000. Institutional investors own 87.96% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on XYL shares. Weiss Ratings lowered Xylem from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, May 8th. TD Cowen reissued a “hold” rating on shares of Xylem in a research note on Monday, February 23rd. UBS Group lifted their price objective on Xylem from $132.00 to $133.00 and gave the company a “neutral” rating in a research note on Wednesday, April 29th. Citigroup dropped their price objective on Xylem from $174.00 to $168.00 and set a “buy” rating for the company in a research note on Wednesday, April 29th. Finally, Stifel Nicolaus dropped their price objective on Xylem from $163.00 to $159.00 and set a “buy” rating for the company 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 company’s stock. According to data from MarketBeat.com, Xylem presently has a consensus rating of “Moderate Buy” and an average target price of $152.77.

Xylem Trading Down 0.3%

Shares of XYL stock opened at $109.84 on Friday. The company has a quick ratio of 1.10, a current ratio of 1.46 and a debt-to-equity ratio of 0.13. The business has a 50-day moving average price of $116.75 and a two-hundred day moving average price of $128.41. Xylem Inc. has a 12-month low of $105.29 and a 12-month high of $154.27. The firm has a market cap of $26.11 billion, a P/E ratio of 27.32, a price-to-earnings-growth ratio of 1.57 and a beta of 1.04.

Xylem (NYSE:XYL) last issued its quarterly earnings results on Tuesday, April 28th. The industrial products company reported $1.12 earnings per share (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 analyst estimates of $2.11 billion. During the same quarter in the previous year, the company posted $1.03 earnings per share. The company’s revenue was up 2.7% compared to the same quarter last year. Xylem has set its FY 2026 guidance at 5.350-5.600 EPS. Equities analysts anticipate that Xylem Inc. will post 5.51 EPS for the current fiscal year.

Xylem Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 25th. Shareholders of record on Thursday, May 28th will be paid a dividend of $0.43 per share. The ex-dividend date of this dividend is Thursday, May 28th. This represents a $1.72 annualized dividend and a yield of 1.6%. Xylem’s payout ratio is 42.79%.

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

Insider Activity

In other news, CAO Geri-Michelle Mcshane sold 4,269 shares of Xylem stock in a transaction dated Thursday, May 7th. The stock was sold at an average price of $117.46, for a total value of $501,436.74. Following the transaction, the chief accounting officer owned 3,605 shares in the company, valued at approximately $423,443.30. The trade was a 54.22% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Jerome A. Peribere acquired 1,210 shares of the firm’s stock in a transaction dated Monday, May 4th. The stock was bought at an average price of $116.61 per share, for a total transaction of $141,098.10. Following the acquisition, the director 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 position. The disclosure for this purchase is available in the SEC filing. Insiders own 0.32% of the company’s stock.

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.