Federated Hermes Inc. Raises Stake in Xylem Inc. $XYL

Federated Hermes Inc. increased its holdings in Xylem Inc. (NYSE:XYL) by 1.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 313,990 shares of the industrial products company’s stock after buying an additional 3,726 shares during the quarter. Federated Hermes Inc. owned about 0.13% of Xylem worth $46,314,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of XYL. SJS Investment Consulting Inc. increased its stake in shares of Xylem by 1,844.4% in the third quarter. SJS Investment Consulting Inc. now owns 175 shares of the industrial products company’s stock worth $26,000 after acquiring an additional 166 shares during the period. First Horizon Corp purchased a new stake in Xylem in the third quarter valued at $30,000. Grey Fox Wealth Advisors LLC acquired a new stake in Xylem during the 3rd quarter worth about $34,000. Caldwell Trust Co purchased a new position in shares of Xylem during the 2nd quarter valued at about $41,000. Finally, FWL Investment Management LLC purchased a new position in shares of Xylem during the 2nd quarter valued at about $43,000. 87.96% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Xylem

In other Xylem news, Director Victoria D. Harker sold 1,700 shares of the stock in a transaction that occurred on Tuesday, November 4th. The stock was sold at an average price of $148.14, for a total transaction of $251,838.00. Following the completion of the transaction, the director owned 16,875 shares of the company’s stock, valued at $2,499,862.50. This represents a 9.15% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.27% of the stock is owned by insiders.

Xylem Trading Up 1.8%

Shares of NYSE:XYL opened at $137.93 on Friday. The business’s 50 day moving average price is $139.65 and its 200-day moving average price is $141.69. Xylem Inc. has a 1 year low of $100.47 and a 1 year high of $154.27. The firm has a market capitalization of $33.58 billion, a price-to-earnings ratio of 35.46, a price-to-earnings-growth ratio of 1.92 and a beta of 1.17. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.96 and a quick ratio of 1.50.

Xylem (NYSE:XYL) last posted its quarterly earnings data on Tuesday, October 28th. The industrial products company reported $1.37 earnings per share for the quarter, topping analysts’ consensus estimates of $1.23 by $0.14. Xylem had a net margin of 10.66% and a return on equity of 10.77%. The company had revenue of $2.27 billion during the quarter, compared to analysts’ expectations of $2.22 billion. During the same period in the prior year, the business posted $1.11 earnings per share. The firm’s revenue for the quarter was up 7.8% on a year-over-year basis. On average, equities research analysts forecast that Xylem Inc. will post 4.65 earnings per share for the current fiscal year.

Xylem Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 23rd. Investors of record on Tuesday, November 25th were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.2%. The ex-dividend date was Tuesday, November 25th. Xylem’s payout ratio is presently 41.13%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Royal Bank Of Canada upped their target price on Xylem from $169.00 to $176.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 29th. Stifel Nicolaus upped their price objective on Xylem from $175.00 to $178.00 and gave the stock a “buy” rating in a research report on Wednesday, October 29th. TD Cowen reaffirmed a “hold” rating on shares of Xylem in a report on Friday, December 5th. William Blair initiated coverage on shares of Xylem in a research note on Monday. They issued an “outperform” rating for the company. Finally, Wall Street Zen lowered shares of Xylem from a “buy” rating to a “hold” rating in a research report on Saturday, December 27th. Nine investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, Xylem presently has an average rating of “Moderate Buy” and an average price target of $165.80.

About Xylem

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.