Danica Pension Livsforsikringsaktieselskab Buys New Stake in Xylem Inc. $XYL

Danica Pension Livsforsikringsaktieselskab bought a new stake in shares of Xylem Inc. (NYSE:XYL) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 98,760 shares of the industrial products company’s stock, valued at approximately $14,567,000.

Other institutional investors have also recently added to or reduced their stakes in the company. SJS Investment Consulting Inc. raised its stake in Xylem by 1,844.4% in the 3rd quarter. SJS Investment Consulting Inc. now owns 175 shares of the industrial products company’s stock valued at $26,000 after purchasing an additional 166 shares during the last quarter. Knuff & Co LLC acquired a new position in shares of Xylem during the third quarter worth $27,000. Wexford Capital LP acquired a new position in Xylem in the third quarter valued at $27,000. First Horizon Corp purchased a new position in shares of Xylem during the third quarter worth approximately $30,000. Finally, Ramirez Asset Management Inc. grew its position in shares of Xylem by 100.0% during the third quarter. Ramirez Asset Management Inc. now owns 200 shares of the industrial products company’s stock worth $30,000 after acquiring an additional 100 shares during the last quarter. Institutional investors and hedge funds own 87.96% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on the stock. Royal Bank Of Canada reduced their price target on shares of Xylem from $176.00 to $162.00 and set an “outperform” rating for the company in a research report on Wednesday, February 11th. Weiss Ratings restated a “buy (b-)” rating on shares of Xylem in a research note on Monday, December 29th. UBS Group reaffirmed a “buy” rating and issued a $155.00 target price on shares of Xylem in a report on Friday, February 13th. Oppenheimer set a $165.00 target price on shares of Xylem in a research note on Thursday, February 12th. Finally, Barclays lowered their price target on Xylem from $166.00 to $156.00 and set an “overweight” rating on the stock in a report on Wednesday, February 11th. Nine research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $158.08.

Xylem Stock Performance

NYSE:XYL opened at $121.74 on Wednesday. The firm’s fifty day moving average price is $133.22 and its 200 day moving average price is $139.54. Xylem Inc. has a 1-year low of $100.47 and a 1-year high of $154.27. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.62 and a quick ratio of 1.28. The firm has a market cap of $29.60 billion, a price-to-earnings ratio of 31.06, a price-to-earnings-growth ratio of 1.73 and a beta of 1.17.

Xylem (NYSE:XYL) last announced its quarterly earnings data on Tuesday, February 10th. The industrial products company reported $1.42 EPS for the quarter, hitting analysts’ consensus estimates of $1.42. Xylem had a net margin of 10.59% and a return on equity of 11.11%. During the same quarter in the prior year, the company posted $1.18 earnings per share. The business’s revenue 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, sell-side analysts expect that Xylem Inc. will post 4.65 EPS for the current year.

Xylem Increases Dividend

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

Xylem declared that its Board of Directors has initiated a share repurchase program on Wednesday, February 25th that allows the company to buyback $1.50 billion in shares. This buyback authorization allows the industrial products company to repurchase up to 4.8% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s management believes its stock is undervalued.

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.