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

Federated Hermes Inc. decreased its holdings in Xylem Inc. (NYSE:XYL) by 9.9% in the 4th quarter, HoldingsChannel.com reports. The fund owned 993,974 shares of the industrial products company’s stock after selling 109,711 shares during the quarter. Federated Hermes Inc.’s holdings in Xylem were worth $113,671,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of XYL. Panagora Asset Management Inc. grew its stake 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 worth $1,219,000 after acquiring an additional 2,550 shares in the last quarter. Yousif Capital Management LLC lifted its position in shares of Xylem by 1.5% during the 1st quarter. Yousif Capital Management LLC now owns 27,307 shares of the industrial products company’s stock worth $2,328,000 after purchasing an additional 416 shares during the last quarter. Blair William & Co. IL lifted its position in shares of Xylem by 0.5% during the 1st quarter. Blair William & Co. IL now owns 66,243 shares of the industrial products company’s stock worth $5,648,000 after purchasing an additional 299 shares during the last quarter. Sei Investments Co. lifted its position in shares of Xylem by 6.7% during the 1st quarter. Sei Investments Co. now owns 335,330 shares of the industrial products company’s stock worth $28,590,000 after purchasing an additional 21,165 shares during the last quarter. Finally, Prudential PLC purchased a new stake in shares of Xylem during the 1st quarter worth $333,000. Institutional investors and hedge funds own 87.96% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on XYL. Citigroup lifted their price objective on shares of Xylem from $126.00 to $139.00 and gave the stock a “neutral” rating in a research report on Monday, April 8th. Royal Bank of Canada boosted their price target on shares of Xylem from $140.00 to $145.00 and gave the company an “outperform” rating in a research report on Wednesday, February 7th. Raymond James raised shares of Xylem from an “underperform” rating to a “market perform” rating in a research report on Thursday, January 4th. Stifel Nicolaus boosted their price target on shares of Xylem from $136.00 to $150.00 and gave the company a “buy” rating in a research report on Wednesday, February 7th. Finally, Robert W. Baird boosted their price target on shares of Xylem from $141.00 to $148.00 and gave the company an “outperform” rating in a research report on Thursday, March 21st. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $138.11.

Insiders Place Their Bets

In other Xylem news, SVP Franz Cerwinka sold 2,408 shares of the company’s stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $121.79, for a total transaction of $293,270.32. Following the transaction, the senior vice president now directly owns 11,750 shares in the company, valued at $1,431,032.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, CAO Geri-Michelle Mcshane sold 1,000 shares of the stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $122.89, for a total value of $122,890.00. Following the sale, the chief accounting officer now directly owns 2,935 shares in the company, valued at $360,682.15. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Franz Cerwinka sold 2,408 shares of the stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $121.79, for a total transaction of $293,270.32. Following the completion of the sale, the senior vice president now owns 11,750 shares in the company, valued at $1,431,032.50. The disclosure for this sale can be found here. 0.27% of the stock is currently owned by company insiders.

Xylem Price Performance

XYL traded up $1.87 on Thursday, hitting $128.09. 281,211 shares of the company were exchanged, compared to its average volume of 1,135,961. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.30 and a current ratio of 1.76. The business’s fifty day moving average is $126.85 and its 200 day moving average is $112.01. Xylem Inc. has a fifty-two week low of $87.59 and a fifty-two week high of $130.86. The firm has a market capitalization of $31.05 billion, a P/E ratio of 46.78, a price-to-earnings-growth ratio of 2.55 and a beta of 1.10.

Xylem (NYSE:XYL) last issued its earnings results on Tuesday, February 6th. The industrial products company reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.96 by $0.03. Xylem had a net margin of 8.27% and a return on equity of 9.65%. The company had revenue of $2.12 billion for the quarter, compared to analyst estimates of $2.05 billion. During the same period in the prior year, the business posted $0.92 earnings per share. The firm’s revenue for the quarter was up 40.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that Xylem Inc. will post 4.13 EPS for the current year.

Xylem Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 20th. Shareholders of record on Wednesday, February 21st were given a dividend of $0.36 per share. This is a positive change from Xylem’s previous quarterly dividend of $0.33. This represents a $1.44 annualized dividend and a yield of 1.12%. The ex-dividend date of this dividend was Tuesday, February 20th. Xylem’s dividend payout ratio is presently 52.94%.

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.