Sumitomo Mitsui DS Asset Management Company Ltd Acquires 3,610 Shares of Xylem Inc. (NYSE:XYL)

Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in Xylem Inc. (NYSE:XYL) by 14.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 27,820 shares of the industrial products company’s stock after buying an additional 3,610 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Xylem were worth $3,228,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. CWM LLC boosted its holdings in Xylem by 1.8% in the 3rd quarter. CWM LLC now owns 8,255 shares of the industrial products company’s stock valued at $1,115,000 after purchasing an additional 145 shares during the period. Livforsakringsbolaget Skandia Omsesidigt raised its position in shares of Xylem by 331.3% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 2,890 shares of the industrial products company’s stock valued at $390,000 after buying an additional 2,220 shares during the last quarter. First Affirmative Financial Network bought a new stake in shares of Xylem in the third quarter valued at about $287,000. Ritholtz Wealth Management grew its position in Xylem by 5.9% during the third quarter. Ritholtz Wealth Management now owns 9,182 shares of the industrial products company’s stock worth $1,240,000 after buying an additional 512 shares in the last quarter. Finally, Brown Miller Wealth Management LLC increased its stake in Xylem by 2.6% during the third quarter. Brown Miller Wealth Management LLC now owns 11,702 shares of the industrial products company’s stock valued at $1,580,000 after acquiring an additional 296 shares during the period. 87.96% of the stock is currently owned by institutional investors and hedge funds.

Xylem Trading Down 0.2 %

Shares of XYL stock opened at $131.11 on Monday. The company has a market capitalization of $31.85 billion, a P/E ratio of 35.82, a P/E/G ratio of 2.36 and a beta of 1.07. Xylem Inc. has a 12-month low of $113.26 and a 12-month high of $146.08. The company has a quick ratio of 1.42, a current ratio of 1.76 and a debt-to-equity ratio of 0.19. The firm has a 50-day moving average price of $120.95 and a 200 day moving average price of $127.39.

Xylem (NYSE:XYL) last posted its earnings results on Tuesday, February 4th. The industrial products company reported $1.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.12 by $0.06. The company had revenue of $2.30 billion during the quarter, compared to analysts’ expectations of $2.18 billion. Xylem had a net margin of 10.40% and a return on equity of 9.96%. Xylem’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.99 earnings per share. Research analysts forecast that Xylem Inc. will post 4.66 earnings per share for the current fiscal year.

Xylem Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Tuesday, February 18th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.22%. The ex-dividend date is Tuesday, February 18th. This is a boost from Xylem’s previous quarterly dividend of $0.36. Xylem’s dividend payout ratio is presently 43.72%.

Analysts Set New Price Targets

XYL has been the subject of a number of research reports. Citigroup downgraded Xylem from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 5th. TD Cowen decreased their price target on shares of Xylem from $138.00 to $125.00 and set a “hold” rating on the stock in a research note on Wednesday, November 6th. Stifel Nicolaus lowered their price target on shares of Xylem from $166.00 to $150.00 and set a “buy” rating on the stock in a report on Friday, January 24th. Royal Bank of Canada reduced their price objective on shares of Xylem from $163.00 to $162.00 and set an “outperform” rating for the company in a report on Friday, November 1st. Finally, Wolfe Research reissued a “peer perform” rating on shares of Xylem in a research note on Thursday, December 12th. Four analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, Xylem currently has a consensus rating of “Moderate Buy” and a consensus price target of $149.90.

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.