Xylem Inc. (NYSE:XYL) Stock Position Lifted by Hemenway Trust Co LLC

Hemenway Trust Co LLC boosted its stake in shares of Xylem Inc. (NYSE:XYL - Free Report) by 5.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 224,613 shares of the industrial products company's stock after buying an additional 12,020 shares during the quarter. Xylem accounts for approximately 2.2% of Hemenway Trust Co LLC's portfolio, making the stock its 22nd largest holding. Hemenway Trust Co LLC owned 0.09% of Xylem worth $26,832,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of XYL. Tallon Kerry Patrick acquired a new stake in shares of Xylem in the fourth quarter valued at approximately $260,000. Empowered Funds LLC boosted its position in Xylem by 14.0% during the fourth quarter. Empowered Funds LLC now owns 5,558 shares of the industrial products company's stock worth $645,000 after acquiring an additional 683 shares during the last quarter. Allspring Global Investments Holdings LLC raised its stake in Xylem by 3.6% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 12,777 shares of the industrial products company's stock worth $1,481,000 after purchasing an additional 444 shares during the period. Allworth Financial LP raised its stake in Xylem by 12.4% during the fourth quarter. Allworth Financial LP now owns 1,284 shares of the industrial products company's stock worth $156,000 after purchasing an additional 142 shares during the period. Finally, Sheaff Brock Investment Advisors LLC raised its stake in shares of Xylem by 5.9% in the 4th quarter. Sheaff Brock Investment Advisors LLC now owns 2,895 shares of the industrial products company's stock valued at $336,000 after acquiring an additional 160 shares during the period. 87.96% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently issued reports on XYL shares. Citigroup dropped their price target on shares of Xylem from $152.00 to $134.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Royal Bank Of Canada lifted their price target on shares of Xylem from $143.00 to $147.00 and gave the company an "outperform" rating in a report on Wednesday, April 30th. Raymond James Financial raised shares of Xylem to a "hold" rating in a report on Thursday, May 15th. Robert W. Baird cut their price objective on shares of Xylem from $149.00 to $146.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 30th. Finally, Stifel Nicolaus upped their price target on shares of Xylem from $140.00 to $141.00 and gave the stock a "buy" rating in a research note on Wednesday, April 30th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, Xylem presently has a consensus rating of "Moderate Buy" and an average price target of $143.71.

Xylem Trading Down 0.5%

Shares of XYL stock traded down $0.67 during trading hours on Friday, reaching $124.46. 2,027,333 shares of the stock traded hands, compared to its average volume of 1,403,160. Xylem Inc. has a 1-year low of $100.47 and a 1-year high of $143.50. The business has a fifty day moving average price of $122.26 and a 200 day moving average price of $121.68. The company has a quick ratio of 1.41, a current ratio of 1.89 and a debt-to-equity ratio of 0.18. The firm has a market capitalization of $30.29 billion, a PE ratio of 33.46, a PEG ratio of 2.27 and a beta of 1.13.

Xylem (NYSE:XYL - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The industrial products company reported $1.03 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.95 by $0.08. Xylem had a net margin of 10.54% and a return on equity of 10.12%. The business had revenue of $2.07 billion for the quarter, compared to analyst estimates of $2.04 billion. During the same quarter in the previous year, the business earned $0.90 earnings per share. The firm's revenue was up 1.8% compared to the same quarter last year. On average, equities research analysts forecast that Xylem Inc. will post 4.65 EPS for the current year.

Xylem Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 26th. Investors of record on Thursday, May 29th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.29%. The ex-dividend date of this dividend is Thursday, May 29th. Xylem's payout ratio is presently 43.01%.

About Xylem

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.