Varma Mutual Pension Insurance Co Makes New Investment in Xylem Inc. $XYL

Varma Mutual Pension Insurance Co purchased a new position in shares of Xylem Inc. (NYSE:XYL) during the 2nd quarter, HoldingsChannel.com reports. The fund purchased 106,900 shares of the industrial products company’s stock, valued at approximately $12,637,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Callahan Advisors LLC acquired a new position in Xylem in the fourth quarter valued at approximately $1,721,000. Northwestern Mutual Wealth Management Co. increased its stake in Xylem by 2,309.7% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 431,824 shares of the industrial products company’s stock worth $54,314,000 after acquiring an additional 413,904 shares during the last quarter. Abacus Wealth Partners LLC acquired a new stake in Xylem during the fourth quarter worth $1,663,000. Norges Bank purchased a new stake in Xylem in the fourth quarter valued at $361,012,000. Finally, MUFG Securities EMEA plc lifted its stake in shares of Xylem by 608.1% in the 4th quarter. MUFG Securities EMEA plc now owns 32,990 shares of the industrial products company’s stock valued at $4,493,000 after purchasing an additional 28,331 shares during the last quarter. Institutional investors and hedge funds own 87.96% of the company’s stock.

Xylem Price Performance

Shares of XYL opened at $113.62 on Monday. The company has a market cap of $26.53 billion, a P/E ratio of 27.05, a PEG ratio of 1.57 and a beta of 1.02. The company has a quick ratio of 1.24, a current ratio of 1.61 and a debt-to-equity ratio of 0.23. Xylem Inc. has a fifty-two week low of $105.29 and a fifty-two week high of $154.27. The firm’s 50 day moving average price is $118.04 and its 200 day moving average price is $119.67.

Xylem (NYSE:XYL) last released its earnings results on Tuesday, July 28th. The industrial products company reported $1.46 EPS for the quarter, topping the consensus estimate of $1.34 by $0.12. The firm had revenue of $2.34 billion during the quarter, compared to analysts’ expectations of $2.34 billion. Xylem had a return on equity of 11.77% and a net margin of 11.15%.Xylem’s revenue for the quarter was up 1.5% on a year-over-year basis. During the same period in the previous year, the firm posted $1.26 EPS. Xylem has set its FY 2026 guidance at 5.550-5.700 EPS. On average, research analysts forecast that Xylem Inc. will post 5.67 earnings per share for the current fiscal year.

Xylem Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 24th. Investors of record on Thursday, August 27th will be issued a $0.43 dividend. The ex-dividend date of this dividend is Thursday, August 27th. This represents a $1.72 annualized dividend and a yield of 1.5%. Xylem’s dividend payout ratio (DPR) is 40.95%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Robert W. Baird raised their price objective on Xylem from $163.00 to $165.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 29th. Barclays increased their target price on shares of Xylem from $154.00 to $159.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 29th. Oppenheimer reduced their price target on shares of Xylem from $160.00 to $158.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 29th. Royal Bank Of Canada upped their price objective on shares of Xylem from $159.00 to $164.00 and gave the stock an “outperform” rating in a report on Wednesday, July 29th. Finally, Mizuho boosted their target price on Xylem from $124.00 to $130.00 and gave the company a “neutral” rating in a research report on Wednesday, July 29th. Nine analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $154.23.

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.