Danske Bank A S Makes New $34.35 Million Investment in Xylem Inc. $XYL

Danske Bank A S purchased a new position in shares of Xylem Inc. (NYSE:XYL) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 232,886 shares of the industrial products company’s stock, valued at approximately $34,351,000.

Several other hedge funds also recently modified their holdings of the business. Vanguard Group Inc. grew its stake in shares of Xylem by 0.7% in the third quarter. Vanguard Group Inc. now owns 29,902,236 shares of the industrial products company’s stock worth $4,410,580,000 after acquiring an additional 204,407 shares during the last quarter. State Street Corp raised its stake in Xylem by 1.2% during the 3rd quarter. State Street Corp now owns 10,953,206 shares of the industrial products company’s stock valued at $1,615,598,000 after purchasing an additional 133,173 shares during the last quarter. Amundi raised its stake in Xylem by 17.0% during the 2nd quarter. Amundi now owns 5,714,576 shares of the industrial products company’s stock valued at $730,717,000 after purchasing an additional 830,337 shares during the last quarter. Swedbank AB boosted its holdings in Xylem by 19.0% in the 3rd quarter. Swedbank AB now owns 5,197,753 shares of the industrial products company’s stock valued at $766,669,000 after purchasing an additional 830,821 shares during the period. Finally, Invesco Ltd. grew its position in Xylem by 4.3% in the 2nd quarter. Invesco Ltd. now owns 4,056,072 shares of the industrial products company’s stock worth $524,694,000 after purchasing an additional 166,959 shares during the last quarter. 87.96% of the stock is owned by institutional investors.

Xylem Trading Down 1.8%

Shares of XYL stock opened at $119.56 on Thursday. The firm has a fifty day moving average of $132.82 and a 200-day moving average of $139.40. The stock has a market cap of $29.07 billion, a price-to-earnings ratio of 30.50, a P/E/G ratio of 1.74 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 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 for the quarter, meeting the consensus estimate of $1.42. Xylem had a net margin of 10.59% and a return on equity of 11.11%. During the same quarter last year, the company posted $1.18 EPS. The business’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. On average, equities research analysts forecast that Xylem Inc. will post 4.65 earnings per share for the current fiscal year.

Xylem Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 24th. Stockholders of record on Tuesday, February 24th will be paid a $0.43 dividend. The ex-dividend date is Tuesday, February 24th. This represents a $1.72 annualized dividend and a dividend yield of 1.4%. This is an increase from Xylem’s previous quarterly dividend of $0.40. Xylem’s dividend payout ratio is currently 43.88%.

Xylem announced that its Board of Directors has approved a stock buyback plan 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 reacquire up to 4.8% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its shares are undervalued.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Wall Street Zen downgraded shares of Xylem from a “buy” rating to a “hold” rating in a report on Saturday, December 27th. Barclays decreased their target price on Xylem from $166.00 to $156.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 11th. Citigroup lowered their price target on Xylem from $182.00 to $174.00 and set a “buy” rating on the stock in a research note on Wednesday, February 11th. Oppenheimer set a $165.00 price target on Xylem in a report on Thursday, February 12th. Finally, Mizuho set a $138.00 price objective on Xylem in a research report on Wednesday, February 11th. Nine equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $158.08.

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.