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

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

Other hedge funds also recently bought and sold shares of the company. SJS Investment Consulting Inc. lifted its stake in Xylem by 1,844.4% in the 3rd quarter. SJS Investment Consulting Inc. now owns 175 shares of the industrial products company’s stock worth $26,000 after purchasing an additional 166 shares in the last quarter. First Horizon Corp acquired a new stake in shares of Xylem in the third quarter valued at approximately $30,000. Grey Fox Wealth Advisors LLC purchased a new position in Xylem during the third quarter worth approximately $34,000. Caldwell Trust Co purchased a new position in Xylem during the second quarter worth approximately $41,000. Finally, FWL Investment Management LLC acquired a new position in Xylem during the second quarter worth $43,000. Institutional investors and hedge funds own 87.96% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently commented on XYL. Mizuho reduced their price target on Xylem from $160.00 to $150.00 and set a “neutral” rating on the stock in a report on Monday, January 5th. Citigroup lifted their target price on shares of Xylem from $173.00 to $182.00 and gave the stock a “buy” rating in a research note on Wednesday, October 29th. Royal Bank Of Canada increased their price target on shares of Xylem from $169.00 to $176.00 and gave the company an “outperform” rating in a research note on Wednesday, October 29th. Weiss Ratings restated a “buy (b-)” rating on shares of Xylem in a report on Monday, December 29th. Finally, UBS Group upped their price objective on Xylem from $168.00 to $175.00 and gave the company a “buy” rating in a report on Thursday, November 6th. Nine equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $165.80.

Insider Activity

In other news, Director Victoria D. Harker sold 1,700 shares of the stock in a transaction dated Tuesday, November 4th. The shares were sold at an average price of $148.14, for a total transaction of $251,838.00. Following the sale, the director owned 16,875 shares of the company’s stock, valued at approximately $2,499,862.50. This represents a 9.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.27% of the company’s stock.

Xylem Price Performance

Shares of XYL opened at $137.93 on Friday. The firm has a 50-day simple moving average of $139.65 and a two-hundred day simple moving average of $141.69. The stock has a market cap of $33.58 billion, a PE ratio of 35.46, a P/E/G ratio of 1.92 and a beta of 1.17. Xylem Inc. has a 1-year low of $100.47 and a 1-year high of $154.27. 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. The firm had revenue of $2.27 billion during the quarter, compared to analysts’ expectations of $2.22 billion. Xylem had a net margin of 10.66% and a return on equity of 10.77%. The firm’s quarterly revenue was up 7.8% on a year-over-year basis. During the same quarter last year, the company posted $1.11 EPS. As a group, analysts forecast that Xylem Inc. will post 4.65 EPS for the current year.

Xylem Dividend Announcement

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

Xylem Profile

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.