BI Asset Management Fondsmaeglerselskab A S Increases Stock Position in Xylem Inc. $XYL

BI Asset Management Fondsmaeglerselskab A S grew its holdings in shares of Xylem Inc. (NYSE:XYL) by 88.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 270,104 shares of the industrial products company’s stock after buying an additional 126,737 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S’s holdings in Xylem were worth $35,822,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in XYL. Knuff & Co LLC purchased a new stake in shares of Xylem during the 3rd quarter valued at about $27,000. Wexford Capital LP purchased a new stake in shares of Xylem during the 3rd quarter valued at about $27,000. Board of the Pension Protection Fund purchased a new stake in shares of Xylem during the 4th quarter valued at about $27,000. Ramirez Asset Management Inc. raised its position in shares of Xylem by 100.0% during the 3rd 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 in the last quarter. Finally, FWL Investment Management LLC purchased a new stake in shares of Xylem during the 2nd quarter valued at about $43,000. 87.96% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CAO Geri-Michelle Mcshane sold 4,269 shares of the stock in a transaction that occurred on Thursday, May 7th. The shares were sold at an average price of $117.46, for a total transaction of $501,436.74. Following the completion of the sale, the chief accounting officer owned 3,605 shares of the company’s stock, valued at $423,443.30. This represents a 54.22% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Jerome A. Peribere bought 1,210 shares of the firm’s stock in a transaction that occurred on Monday, May 4th. The shares were purchased at an average cost of $116.61 per share, with a total value of $141,098.10. Following the transaction, the director directly owned 27,209 shares of the company’s stock, valued at $3,172,841.49. The trade was a 4.65% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Corporate insiders own 0.32% of the company’s stock.

Xylem Price Performance

NYSE XYL opened at $109.84 on Friday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.10 and a current ratio of 1.46. The firm’s 50 day moving average price is $116.75 and its 200-day moving average price is $128.41. Xylem Inc. has a 52-week low of $105.29 and a 52-week high of $154.27. The company has a market cap of $26.11 billion, a PE ratio of 27.32, a P/E/G ratio of 1.57 and a beta of 1.04.

Xylem (NYSE:XYL) last released its quarterly earnings data on Tuesday, April 28th. The industrial products company reported $1.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.09 by $0.03. Xylem had a net margin of 10.79% and a return on equity of 11.26%. The firm had revenue of $2.13 billion for the quarter, compared to the consensus estimate of $2.11 billion. During the same period last year, the firm earned $1.03 earnings per share. The company’s quarterly revenue was up 2.7% on a year-over-year basis. Xylem has set its FY 2026 guidance at 5.350-5.600 EPS. Sell-side analysts forecast that Xylem Inc. will post 5.51 EPS for the current fiscal year.

Xylem announced that its board has approved a share buyback plan on Wednesday, February 25th that permits the company to buyback $1.50 billion in shares. This buyback authorization permits the industrial products company to reacquire up to 4.8% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s leadership believes its stock is undervalued.

Xylem Dividend Announcement

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

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Robert W. Baird set a $161.00 price target on shares of Xylem in a report on Wednesday, February 11th. JPMorgan Chase & Co. cut their price target on shares of Xylem from $170.00 to $160.00 and set an “overweight” rating on the stock in a report on Thursday, April 16th. Barclays cut their price target on shares of Xylem from $156.00 to $154.00 and set an “overweight” rating on the stock in a report on Wednesday, April 29th. The Goldman Sachs Group set a $158.00 price target on shares of Xylem in a report on Wednesday, February 11th. Finally, Citigroup cut their price target on shares of Xylem from $174.00 to $168.00 and set a “buy” rating on the stock in a report on Wednesday, April 29th. Seven research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, Xylem currently has a consensus rating of “Moderate Buy” and a consensus price target of $152.77.

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.