Xylem Inc. (NYSE:XYL) Shares Bought by Sumitomo Mitsui DS Asset Management Company Ltd

Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in shares of Xylem Inc. (NYSE:XYL) by 14.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 23,286 shares of the industrial products company’s stock after buying an additional 2,990 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Xylem were worth $2,663,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bruce G. Allen Investments LLC acquired a new stake in shares of Xylem in the fourth quarter valued at approximately $27,000. NBC Securities Inc. acquired a new stake in shares of Xylem in the third quarter valued at approximately $38,000. Orion Capital Management LLC acquired a new stake in shares of Xylem in the third quarter valued at approximately $48,000. Cary Street Partners Investment Advisory LLC grew its position in shares of Xylem by 117.0% in the third quarter. Cary Street Partners Investment Advisory LLC now owns 716 shares of the industrial products company’s stock valued at $65,000 after purchasing an additional 386 shares during the last quarter. Finally, Gradient Investments LLC grew its position in shares of Xylem by 28.6% in the fourth quarter. Gradient Investments LLC now owns 576 shares of the industrial products company’s stock valued at $66,000 after purchasing an additional 128 shares during the last quarter. 87.96% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, SVP Franz Cerwinka sold 2,408 shares of the firm’s stock in a transaction on 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 owns 11,750 shares of the company’s stock, valued at approximately $1,431,032.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, SVP Franz Cerwinka sold 2,408 shares of the firm’s stock in a transaction on 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 owns 11,750 shares of the company’s stock, valued at approximately $1,431,032.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO Geri-Michelle Mcshane sold 1,000 shares of the firm’s stock in a transaction on Tuesday, February 20th. The shares were 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 directly owns 2,935 shares in the company, valued at approximately $360,682.15. The disclosure for this sale can be found here. Insiders own 0.27% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently commented on XYL shares. Robert W. Baird increased their price target on shares of Xylem from $141.00 to $148.00 and gave the company an “outperform” rating in a research report on Thursday, March 21st. BNP Paribas initiated coverage on shares of Xylem in a research report on Tuesday, March 12th. They set an “outperform” rating and a $150.00 target price on the stock. Royal Bank of Canada raised their target price 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 raised their target price 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, Raymond James upgraded shares of Xylem from an “underperform” rating to a “market perform” rating in a research report on Thursday, January 4th. Four research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, Xylem has an average rating of “Moderate Buy” and a consensus price target of $138.11.

Xylem Stock Performance

NYSE:XYL opened at $130.67 on Wednesday. The company has a quick ratio of 1.30, a current ratio of 1.76 and a debt-to-equity ratio of 0.22. The company has a market cap of $31.67 billion, a P/E ratio of 48.04, a P/E/G ratio of 2.57 and a beta of 1.10. Xylem Inc. has a fifty-two week low of $87.59 and a fifty-two week high of $130.86. The firm’s 50 day moving average is $127.30 and its two-hundred day moving average is $113.22.

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

Xylem Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 20th. Stockholders of record on Wednesday, February 21st were paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.10%. The ex-dividend date of this dividend was Tuesday, February 20th. This is an increase from Xylem’s previous quarterly dividend of $0.33. Xylem’s dividend payout ratio (DPR) is currently 52.94%.

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.