KLP Kapitalforvaltning AS Has $27.83 Million Stock Position in Xylem Inc. $XYL

KLP Kapitalforvaltning AS lifted its stake in Xylem Inc. (NYSE:XYL) by 2.5% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 188,703 shares of the industrial products company’s stock after purchasing an additional 4,600 shares during the period. KLP Kapitalforvaltning AS owned 0.08% of Xylem worth $27,834,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. SJS Investment Consulting Inc. lifted its stake in Xylem by 1,844.4% in the third quarter. SJS Investment Consulting Inc. now owns 175 shares of the industrial products company’s stock valued at $26,000 after buying an additional 166 shares during the period. Maseco LLP bought a new stake in shares of Xylem in the 2nd quarter valued at about $31,000. ST Germain D J Co. Inc. raised its position in shares of Xylem by 950.0% in the 2nd quarter. ST Germain D J Co. Inc. now owns 252 shares of the industrial products company’s stock valued at $33,000 after acquiring an additional 228 shares during the period. Signature Resources Capital Management LLC acquired a new stake in shares of Xylem in the 2nd quarter valued at approximately $39,000. Finally, Caldwell Trust Co bought a new position in Xylem during the 2nd quarter worth approximately $41,000. 87.96% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Victoria D. Harker sold 1,700 shares of the business’s stock in a transaction on Tuesday, November 4th. The shares were sold at an average price of $148.14, for a total value of $251,838.00. Following the sale, the director owned 16,875 shares of the company’s stock, valued at $2,499,862.50. The trade was a 9.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Claudia S. Toussaint sold 10,421 shares of the stock in a transaction on Thursday, October 30th. The stock was sold at an average price of $152.64, for a total transaction of $1,590,661.44. Following the transaction, the executive vice president owned 31,250 shares of the company’s stock, valued at $4,770,000. The trade was a 25.01% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 0.27% of the company’s stock.

Xylem Price Performance

Shares of NYSE XYL opened at $139.46 on Thursday. The company has a fifty day moving average price of $141.52 and a 200 day moving average price of $140.53. The firm has a market cap of $33.95 billion, a PE ratio of 35.85, a PEG ratio of 2.00 and a beta of 1.17. The company has a current ratio of 1.96, a quick ratio of 1.50 and a debt-to-equity ratio of 0.17. Xylem Inc. has a 1-year low of $100.47 and a 1-year high of $154.27.

Xylem (NYSE:XYL) last released its quarterly earnings results on Tuesday, October 28th. The industrial products company reported $1.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.23 by $0.14. The firm had revenue of $2.27 billion for the quarter, compared to the consensus estimate of $2.22 billion. Xylem had a return on equity of 10.77% and a net margin of 10.66%.The company’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same quarter last year, the business posted $1.11 EPS. Xylem has set its FY 2025 guidance at 5.030-5.080 EPS. Research analysts predict that Xylem Inc. will post 4.65 earnings per share for the current fiscal year.

Xylem Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 23rd. Shareholders of record on Tuesday, November 25th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Tuesday, November 25th. This represents a $1.60 dividend on an annualized basis and a yield of 1.1%. Xylem’s dividend payout ratio is 41.13%.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Argus set a $170.00 target price on shares of Xylem in a research note on Wednesday, October 29th. TD Cowen boosted their price target on shares of Xylem from $130.00 to $135.00 and gave the company a “hold” rating in a report on Friday, December 5th. Barclays lowered their price objective on shares of Xylem from $172.00 to $166.00 and set an “overweight” rating for the company in a research report on Wednesday. Robert W. Baird set a $178.00 target price on Xylem in a report on Wednesday, October 29th. Finally, UBS Group boosted their target price on Xylem from $168.00 to $175.00 and gave the company a “buy” rating in a research note on Thursday, November 6th. Eight analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $165.80.

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.