KLP Kapitalforvaltning AS Acquires 900 Shares of Xylem Inc. $XYL

KLP Kapitalforvaltning AS lifted its position in shares of Xylem Inc. (NYSE:XYL) by 0.5% during the 2nd quarter, HoldingsChannel reports. The firm owned 184,103 shares of the industrial products company’s stock after acquiring an additional 900 shares during the period. KLP Kapitalforvaltning AS’s holdings in Xylem were worth $23,816,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in XYL. NBC Securities Inc. bought a new stake in shares of Xylem during the first quarter valued at approximately $72,000. Merit Financial Group LLC boosted its position in shares of Xylem by 13.0% during the first quarter. Merit Financial Group LLC now owns 2,707 shares of the industrial products company’s stock valued at $323,000 after purchasing an additional 312 shares in the last quarter. Wedmont Private Capital boosted its position in shares of Xylem by 6.1% during the first quarter. Wedmont Private Capital now owns 2,348 shares of the industrial products company’s stock valued at $256,000 after purchasing an additional 136 shares in the last quarter. City Holding Co. boosted its position in shares of Xylem by 8.9% during the first quarter. City Holding Co. now owns 2,392 shares of the industrial products company’s stock valued at $286,000 after purchasing an additional 196 shares in the last quarter. Finally, Farther Finance Advisors LLC boosted its position in shares of Xylem by 30.4% during the first quarter. Farther Finance Advisors LLC now owns 1,797 shares of the industrial products company’s stock valued at $215,000 after purchasing an additional 419 shares in the last quarter. 87.96% of the stock is currently owned by institutional investors.

Xylem Stock Down 1.2%

XYL stock opened at $148.12 on Wednesday. Xylem Inc. has a 1-year low of $100.47 and a 1-year high of $151.16. The business has a fifty day moving average price of $142.63 and a 200-day moving average price of $129.90. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.90 and a quick ratio of 1.43. The stock has a market capitalization of $36.05 billion, a P/E ratio of 38.47, a P/E/G ratio of 2.59 and a beta of 1.13.

Xylem (NYSE:XYL) last posted its quarterly earnings results on Thursday, July 31st. The industrial products company reported $1.26 earnings per share for the quarter, topping the consensus estimate of $1.15 by $0.11. Xylem had a return on equity of 10.33% and a net margin of 10.74%.The firm had revenue of $2.30 billion during the quarter, compared to analysts’ expectations of $2.20 billion. During the same quarter in the previous year, the business earned $1.09 earnings per share. The company’s revenue was up 6.1% on a year-over-year basis. Xylem has set its FY 2025 guidance at 4.700-4.850 EPS. Equities analysts forecast that Xylem Inc. will post 4.65 earnings per share for the current fiscal year.

Xylem Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 25th. Stockholders of record on Thursday, August 28th were paid a $0.40 dividend. The ex-dividend date was Thursday, August 28th. This represents a $1.60 annualized dividend and a dividend yield of 1.1%. Xylem’s payout ratio is currently 41.56%.

Insider Buying and Selling at Xylem

In other news, CAO Geri-Michelle Mcshane sold 1,000 shares of the business’s stock in a transaction on Friday, September 5th. The stock was sold at an average price of $139.96, for a total value of $139,960.00. Following the completion of the transaction, the chief accounting officer owned 2,957 shares in the company, valued at $413,861.72. The trade was a 25.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.27% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research firms recently weighed in on XYL. Cowen restated a “hold” rating on shares of Xylem in a research report on Tuesday, August 26th. Weiss Ratings restated a “buy (b)” rating on shares of Xylem in a research report on Saturday, September 27th. Barclays initiated coverage on Xylem in a research note on Friday, September 19th. They set an “overweight” rating and a $165.00 price objective for the company. Citigroup reiterated a “buy” rating and set a $152.00 price objective (up previously from $137.00) on shares of Xylem in a research note on Monday, July 14th. Finally, Wall Street Zen upgraded Xylem from a “hold” rating to a “buy” rating in a research note on Saturday, August 9th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $152.33.

About Xylem

Xylem Inc, together with its subsidiaries, engages in the design, manufacture, and servicing of engineered products and solutions worldwide. It operates through four segments: Water Infrastructure, Applied Water, Measurement & Control Solutions, and Integrated Solutions and Services. The Water Infrastructure segment offers products, including water, storm water, and wastewater pumps; controls and systems; filtration, disinfection, and biological treatment equipment; and mobile dewatering equipment and rental services under the ADI, Flygt, Godwin, Sanitaire, Magneto, Neptune Benson, Ionpure, Leopold, Wedeco, and Xylem Vue brands.