Xylem Inc. (NYSE:XYL) Shares Sold by Sumitomo Mitsui Trust Holdings Inc.

Sumitomo Mitsui Trust Holdings Inc. decreased its stake in shares of Xylem Inc. (NYSE:XYL) by 0.6% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 601,465 shares of the industrial products company’s stock after selling 3,585 shares during the period. Sumitomo Mitsui Trust Holdings Inc. owned 0.25% of Xylem worth $68,784,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. International Assets Investment Management LLC increased its position in Xylem by 10,296.7% during the fourth quarter. International Assets Investment Management LLC now owns 63,004 shares of the industrial products company’s stock worth $7,205,000 after purchasing an additional 62,398 shares during the last quarter. ING Groep NV acquired a new position in Xylem during the third quarter worth approximately $2,752,000. Meiji Yasuda Asset Management Co Ltd. increased its position in Xylem by 6.6% during the third quarter. Meiji Yasuda Asset Management Co Ltd. now owns 39,266 shares of the industrial products company’s stock worth $3,574,000 after purchasing an additional 2,438 shares during the last quarter. SG Americas Securities LLC increased its position in Xylem by 351.2% during the fourth quarter. SG Americas Securities LLC now owns 101,408 shares of the industrial products company’s stock worth $11,597,000 after purchasing an additional 78,934 shares during the last quarter. Finally, Mariner LLC increased its position in Xylem by 10.3% during the third quarter. Mariner LLC now owns 75,036 shares of the industrial products company’s stock worth $6,831,000 after purchasing an additional 7,006 shares during the last quarter. Institutional investors and hedge funds own 87.96% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Robert W. Baird increased their price objective on shares of Xylem from $141.00 to $148.00 and gave the stock an “outperform” rating in a research report on Thursday, March 21st. Stifel Nicolaus increased their price objective on shares of Xylem from $136.00 to $150.00 and gave the stock a “buy” rating in a research report on Wednesday, February 7th. Royal Bank of Canada increased their price objective on shares of Xylem from $140.00 to $145.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 7th. Citigroup increased their price objective on shares of Xylem from $126.00 to $139.00 and gave the stock a “neutral” rating in a research report on Monday, April 8th. Finally, BNP Paribas started coverage on shares of Xylem in a research report on Tuesday, March 12th. They issued an “outperform” rating and a $150.00 price objective for the company. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $135.44.

Insider Buying and Selling at Xylem

In other news, SVP Franz Cerwinka sold 2,408 shares of the firm’s stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $121.79, for a total value of $293,270.32. Following the transaction, the senior vice president now directly owns 11,750 shares in the company, valued at approximately $1,431,032.50. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other news, SVP Franz Cerwinka sold 2,408 shares of the firm’s stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $121.79, for a total value of $293,270.32. Following the transaction, the senior vice president now directly owns 11,750 shares in the company, valued at approximately $1,431,032.50. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Geri-Michelle Mcshane sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $122.89, for a total transaction of $122,890.00. Following the completion of the transaction, the chief accounting officer now owns 2,935 shares in the company, valued at $360,682.15. The disclosure for this sale can be found here. 0.27% of the stock is currently owned by insiders.

Xylem Trading Down 1.4 %

NYSE XYL opened at $126.22 on Thursday. Xylem Inc. has a 12 month low of $87.59 and a 12 month high of $130.86. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.76 and a quick ratio of 1.30. The company has a market capitalization of $30.60 billion, a price-to-earnings ratio of 46.40, a price-to-earnings-growth ratio of 2.55 and a beta of 1.10. The company’s fifty day moving average price is $126.85 and its two-hundred day moving average price is $112.01.

Xylem (NYSE:XYL) last posted its quarterly earnings data on Tuesday, February 6th. The industrial products company reported $0.99 EPS for the quarter, beating analysts’ consensus estimates of $0.96 by $0.03. Xylem had a net margin of 8.27% and a return on equity of 9.65%. The firm had revenue of $2.12 billion for the quarter, compared to the consensus estimate of $2.05 billion. During the same period in the prior year, the firm posted $0.92 EPS. The firm’s revenue was up 40.6% compared to the same quarter last year. As a group, research analysts predict that Xylem Inc. will post 4.13 earnings per share for the current fiscal year.

Xylem Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 20th. Shareholders of record on Wednesday, February 21st were paid a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 1.14%. This is an increase from Xylem’s previous quarterly dividend of $0.33. The ex-dividend date of this dividend was Tuesday, February 20th. Xylem’s dividend payout ratio is 52.94%.

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.