Xylem Inc. (NYSE:XYL) Shares Sold by Federated Hermes Inc.

Federated Hermes Inc. reduced its stake in shares of Xylem Inc. (NYSE:XYL - Free Report) by 36.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 343,199 shares of the industrial products company's stock after selling 200,614 shares during the period. Federated Hermes Inc. owned approximately 0.14% of Xylem worth $39,818,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in XYL. Vanguard Group Inc. grew its stake in Xylem by 1.1% during 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 purchasing an additional 303,854 shares during the last quarter. Geode Capital Management LLC boosted its position 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 buying an additional 135,492 shares during the last quarter. Impax Asset Management Group plc increased its holdings in Xylem by 231.5% in the 4th quarter. Impax Asset Management Group plc now owns 5,561,661 shares of the industrial products company's stock worth $644,039,000 after buying an additional 3,883,845 shares during the period. Swedbank AB raised its position in Xylem by 23.1% during the 4th quarter. Swedbank AB now owns 3,683,201 shares of the industrial products company's stock worth $427,325,000 after buying an additional 691,618 shares during the last quarter. Finally, Norges Bank acquired a new stake in Xylem during the 4th quarter valued at approximately $302,734,000. 87.96% of the stock is owned by institutional investors and hedge funds.

Remove Ads

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on XYL. Citigroup lowered shares of Xylem from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, February 5th. Stifel Nicolaus cut their price target on Xylem from $166.00 to $150.00 and set a "buy" rating on the stock in a research report on Friday, January 24th. Finally, Robert W. Baird boosted their price objective on Xylem from $139.00 to $148.00 and gave the company an "outperform" rating in a report on Wednesday, February 5th. Four analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $149.89.

Xylem Price Performance

Shares of Xylem stock traded up $1.26 on Friday, reaching $108.94. The company's stock had a trading volume of 1,938,139 shares, compared to its average volume of 1,376,362. The company has a quick ratio of 1.33, a current ratio of 1.76 and a debt-to-equity ratio of 0.19. The company has a market capitalization of $26.51 billion, a P/E ratio of 29.76, a PEG ratio of 2.33 and a beta of 1.08. The stock has a 50-day moving average price of $122.72 and a 200-day moving average price of $123.95. Xylem Inc. has a 52-week low of $100.47 and a 52-week high of $146.08.

Xylem (NYSE:XYL - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The industrial products company reported $1.18 EPS for the quarter, topping the consensus estimate of $1.12 by $0.06. The company had revenue of $2.30 billion during the quarter, compared to analyst estimates of $2.18 billion. Xylem had a net margin of 10.40% and a return on equity of 9.96%. The firm's revenue was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.99 EPS. 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 was paid on Wednesday, March 19th. Stockholders of record on Tuesday, February 18th were paid a $0.40 dividend. The ex-dividend date was Tuesday, February 18th. This is a positive change from Xylem's previous quarterly dividend of $0.36. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.47%. Xylem's payout ratio is currently 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.