Xylem Inc. (NYSE:XYL) Shares Sold by abrdn plc

abrdn plc lowered its position in shares of Xylem Inc. (NYSE:XYL) by 3.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,043,106 shares of the industrial products company’s stock after selling 40,299 shares during the period. abrdn plc owned approximately 0.43% of Xylem worth $121,089,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Chicago Capital LLC increased its holdings in shares of Xylem by 1.7% during the 4th quarter. Chicago Capital LLC now owns 17,108 shares of the industrial products company’s stock worth $1,985,000 after buying an additional 286 shares during the last quarter. U.S. Capital Wealth Advisors LLC increased its holdings in shares of Xylem by 1.3% during the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 7,868 shares of the industrial products company’s stock worth $913,000 after buying an additional 98 shares during the last quarter. Greenleaf Trust increased its holdings in shares of Xylem by 2.8% during the 4th quarter. Greenleaf Trust now owns 7,317 shares of the industrial products company’s stock worth $849,000 after buying an additional 200 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. boosted its position in shares of Xylem by 3.1% during the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 7,541 shares of the industrial products company’s stock worth $875,000 after purchasing an additional 224 shares during the period. Finally, Blossom Wealth Management boosted its position in shares of Xylem by 3.9% during the 4th quarter. Blossom Wealth Management now owns 2,882 shares of the industrial products company’s stock worth $334,000 after purchasing an additional 107 shares during the period. Institutional investors and hedge funds own 87.96% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on XYL. Stifel Nicolaus lowered their price objective on shares of Xylem from $166.00 to $150.00 and set a “buy” rating for the company in a research report on Friday, January 24th. TD Cowen decreased their price target on shares of Xylem from $138.00 to $125.00 and set a “hold” rating for the company in a research report on Wednesday, November 6th. Wolfe Research reissued a “peer perform” rating on shares of Xylem in a research report on Thursday, December 12th. Royal Bank of Canada decreased their price target on shares of Xylem from $163.00 to $162.00 and set an “outperform” rating for the company in a research report on Friday, November 1st. Finally, Citigroup reduced their price objective on shares of Xylem from $148.00 to $147.00 and set a “buy” rating on the stock in a report on Monday, January 13th. Three equities research 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 currently has a consensus rating of “Moderate Buy” and a consensus target price of $150.50.

Xylem Trading Down 1.1 %

NYSE XYL opened at $122.68 on Tuesday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.42 and a current ratio of 1.96. The firm has a market cap of $29.81 billion, a PE ratio of 35.87, a P/E/G ratio of 2.11 and a beta of 1.07. Xylem Inc. has a one year low of $112.02 and a one year high of $146.08. The firm’s fifty day moving average is $120.56 and its two-hundred day moving average is $127.62.

Xylem Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 24th. Shareholders of record on Tuesday, November 26th were paid a $0.36 dividend. The ex-dividend date was Tuesday, November 26th. This represents a $1.44 dividend on an annualized basis and a yield of 1.17%. Xylem’s dividend payout ratio is presently 42.11%.

Xylem Company 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.