Hsbc Holdings PLC Has $156.98 Million Holdings in Xylem Inc. (NYSE:XYL)

Hsbc Holdings PLC increased its holdings in shares of Xylem Inc. (NYSE:XYL - Free Report) by 22.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,352,959 shares of the industrial products company's stock after purchasing an additional 252,021 shares during the quarter. Hsbc Holdings PLC owned approximately 0.56% of Xylem worth $156,980,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the business. Vanguard Group Inc. grew its holdings in shares of Xylem by 1.1% in the 4th quarter. Vanguard Group Inc. now owns 28,644,417 shares of the industrial products company's stock valued at $3,323,325,000 after acquiring an additional 303,854 shares in the last quarter. Geode Capital Management LLC grew its stake in Xylem by 2.4% in the fourth quarter. Geode Capital Management LLC now owns 5,804,247 shares of the industrial products company's stock valued at $671,623,000 after purchasing an additional 135,492 shares in the last quarter. Impax Asset Management Group plc grew its stake in Xylem by 231.5% in the fourth quarter. Impax Asset Management Group plc now owns 5,561,661 shares of the industrial products company's stock valued at $644,039,000 after purchasing an additional 3,883,845 shares in the last quarter. Invesco Ltd. increased its position in shares of Xylem by 9.8% during the 4th quarter. Invesco Ltd. now owns 4,009,907 shares of the industrial products company's stock worth $465,229,000 after purchasing an additional 359,276 shares during the last quarter. Finally, Swedbank AB boosted its holdings in shares of Xylem by 23.1% in the 4th quarter. Swedbank AB now owns 3,683,201 shares of the industrial products company's stock valued at $427,325,000 after buying an additional 691,618 shares during the last quarter. Institutional investors own 87.96% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Citigroup lowered their target price on shares of Xylem from $152.00 to $134.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Stifel Nicolaus dropped their target price on shares of Xylem from $150.00 to $140.00 and set a "buy" rating on the stock in a report on Wednesday, April 16th. Finally, Robert W. Baird lifted their price target on Xylem from $139.00 to $148.00 and gave the stock an "outperform" rating in a report on Wednesday, February 5th. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $147.33.

Xylem Stock Performance

NYSE:XYL opened at $111.51 on Wednesday. The stock has a 50 day simple moving average of $119.78 and a 200 day simple moving average of $122.84. The stock has a market cap of $27.14 billion, a P/E ratio of 30.47, a PEG ratio of 2.33 and a beta of 1.08. Xylem Inc. has a 1-year low of $100.47 and a 1-year high of $146.08. The company has a current ratio of 1.76, a quick ratio of 1.33 and a debt-to-equity ratio of 0.19.

Xylem (NYSE:XYL - Get Free Report) last posted its earnings results on Tuesday, February 4th. The industrial products company reported $1.18 earnings per share for the quarter, topping analysts' consensus estimates of $1.12 by $0.06. Xylem had a return on equity of 9.96% and a net margin of 10.40%. The company had revenue of $2.30 billion during the quarter, compared to the consensus estimate of $2.18 billion. During the same quarter last year, the firm earned $0.99 earnings per share. The company's revenue was up 8.6% on a year-over-year basis. Research analysts anticipate that Xylem Inc. will post 4.65 earnings per share for the current year.

Xylem Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Tuesday, February 18th were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.43%. This is an increase from Xylem's previous quarterly dividend of $0.36. The ex-dividend date was Tuesday, February 18th. Xylem's payout ratio is presently 43.72%.

Xylem Profile

Xylem Inc, together with its subsidiaries, engages in the design, manufacture, and servicing of engineered products and solutions worldwide. It operates through four segments: Water Infrastructure, Applied Water, Measurement & Control Solutions, and Integrated Solutions and Services. The Water Infrastructure segment offers products, including water, storm water, and wastewater pumps; controls and systems; filtration, disinfection, and biological treatment equipment; and mobile dewatering equipment and rental services under the ADI, Flygt, Godwin, Sanitaire, Magneto, Neptune Benson, Ionpure, Leopold, Wedeco, and Xylem Vue brands.

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