Nordea Investment Management AB Has $1.29 Million Holdings in Xylem Inc. (NYSE:XYL)

Posted by on May 14th, 2023

Nordea Investment Management AB trimmed its holdings in Xylem Inc. (NYSE:XYL – Get Rating) by 5.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,676 shares of the industrial products company’s stock after selling 735 shares during the period. Nordea Investment Management AB’s holdings in Xylem were worth $1,289,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in XYL. Panagora Asset Management Inc. raised its position in shares of Xylem by 21.7% in the first quarter. Panagora Asset Management Inc. now owns 14,297 shares of the industrial products company’s stock valued at $1,219,000 after buying an additional 2,550 shares in the last quarter. Yousif Capital Management LLC raised its stake in Xylem by 1.5% in the first quarter. Yousif Capital Management LLC now owns 27,307 shares of the industrial products company’s stock valued at $2,328,000 after purchasing an additional 416 shares in the last quarter. Blair William & Co. IL raised its position in Xylem by 0.5% during the first quarter. Blair William & Co. IL now owns 66,243 shares of the industrial products company’s stock valued at $5,648,000 after purchasing an additional 299 shares in the last quarter. Sei Investments Co. raised its position in Xylem by 6.7% during the first quarter. Sei Investments Co. now owns 335,330 shares of the industrial products company’s stock valued at $28,590,000 after purchasing an additional 21,165 shares in the last quarter. Finally, Prudential PLC acquired a new position in Xylem during the first quarter valued at approximately $333,000. 83.57% of the stock is currently owned by institutional investors and hedge funds.

Xylem Stock Performance

Shares of XYL stock opened at $104.75 on Friday. The company has a quick ratio of 1.44, a current ratio of 2.01 and a debt-to-equity ratio of 0.52. The firm has a 50 day moving average of $102.20 and a 200-day moving average of $106.32. The company has a market cap of $18.92 billion, a price-to-earnings ratio of 51.10, a price-to-earnings-growth ratio of 2.76 and a beta of 1.07. Xylem Inc. has a 52 week low of $72.08 and a 52 week high of $118.58.

Xylem (NYSE:XYL – Get Rating) last issued its earnings results on Thursday, May 4th. The industrial products company reported $0.72 EPS for the quarter, beating the consensus estimate of $0.62 by $0.10. The company had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.35 billion. Xylem had a return on equity of 16.63% and a net margin of 6.53%. The firm’s revenue for the quarter was up 13.8% compared to the same quarter last year. During the same period last year, the business posted $0.47 EPS. On average, equities analysts forecast that Xylem Inc. will post 3.24 earnings per share for the current year.

Analyst Ratings Changes

XYL has been the subject of several research analyst reports. Mizuho restated a “neutral” rating and set a $105.00 price objective on shares of Xylem in a research report on Wednesday, February 8th. Cowen upped their price target on shares of Xylem from $115.00 to $120.00 and gave the stock an “outperform” rating in a report on Tuesday, February 14th. Stifel Nicolaus upgraded shares of Xylem from a “hold” rating to a “buy” rating and upped their price target for the stock from $115.00 to $124.00 in a report on Tuesday, January 24th. Morgan Stanley upped their price target on shares of Xylem from $105.00 to $115.00 and gave the stock an “overweight” rating in a report on Wednesday, January 18th. Finally, Citigroup lowered their price objective on Xylem from $123.00 to $121.00 and set a “neutral” rating for the company in a research note on Wednesday, February 8th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, Xylem presently has a consensus rating of “Hold” and an average price target of $114.80.

Insider Buying and Selling

In other Xylem news, CEO Patrick Decker sold 56,298 shares of Xylem stock in a transaction dated Monday, March 13th. The stock was sold at an average price of $98.19, for a total transaction of $5,527,900.62. Following the completion of the transaction, the chief executive officer now owns 287,564 shares in the company, valued at approximately $28,235,909.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Xylem news, SVP Hayati Yarkadas sold 15,942 shares of the business’s stock in a transaction on Thursday, March 2nd. The stock was sold at an average price of $100.43, for a total value of $1,601,055.06. Following the transaction, the senior vice president now owns 12,146 shares of the company’s stock, valued at $1,219,822.78. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Patrick Decker sold 56,298 shares of the business’s stock in a transaction on Monday, March 13th. The stock was sold at an average price of $98.19, for a total value of $5,527,900.62. Following the completion of the transaction, the chief executive officer now directly owns 287,564 shares in the company, valued at approximately $28,235,909.16. The disclosure for this sale can be found here. 0.90% of the stock is currently owned by company insiders.

Xylem Company Profile

(Get Rating)

Xylem, Inc engages in the design, manufacture, and application of engineered technologies for the water industry. It operates through the following business segments: Water Infrastructure, Applied Water, and Measurement and Control Solutions. The Water Infrastructure segment focuses on the transportation, treatment and testing of water.

Read More

Want to see what other hedge funds are holding XYL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Xylem Inc. (NYSE:XYL – Get Rating).

Institutional Ownership by Quarter for Xylem (NYSE:XYL)

Receive News & Ratings for Xylem Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Xylem and related companies with MarketBeat.com's FREE daily email newsletter.