Mitsubishi UFJ Asset Management Co. Ltd. Acquires 28,237 Shares of Xylem Inc. (NYSE:XYL)

Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in Xylem Inc. (NYSE:XYL - Free Report) by 7.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 394,495 shares of the industrial products company's stock after acquiring an additional 28,237 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.16% of Xylem worth $46,227,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in XYL. Impax Asset Management Group plc boosted its stake in shares of Xylem by 231.5% in the 4th quarter. Impax Asset Management Group plc now owns 5,561,661 shares of the industrial products company's stock valued at $644,039,000 after purchasing an additional 3,883,845 shares during the last quarter. AMF Tjanstepension AB bought a new position in Xylem in the fourth quarter valued at approximately $96,658,000. Victory Capital Management Inc. boosted its stake in Xylem by 42.9% in the fourth quarter. Victory Capital Management Inc. now owns 2,326,024 shares of the industrial products company's stock valued at $269,865,000 after acquiring an additional 698,745 shares during the last quarter. Swedbank AB grew its holdings in Xylem by 23.1% during the 4th quarter. Swedbank AB now owns 3,683,201 shares of the industrial products company's stock worth $427,325,000 after acquiring an additional 691,618 shares during the period. Finally, Erste Asset Management GmbH bought a new stake in shares of Xylem during the 3rd quarter valued at $68,593,000. 87.96% of the stock is currently owned by institutional investors and hedge funds.

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Analyst Upgrades and Downgrades

XYL has been the subject of a number of analyst reports. Stifel Nicolaus decreased their price objective on Xylem from $166.00 to $150.00 and set a "buy" rating for the company in a research note on Friday, January 24th. Robert W. Baird boosted their target price on Xylem from $139.00 to $148.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 5th. Citigroup cut Xylem from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, February 5th. Finally, Wolfe Research restated a "peer perform" rating on shares of Xylem in a report on Thursday, December 12th. Four analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $149.89.

Xylem Stock Down 1.5 %

NYSE XYL traded down $1.76 during trading hours on Wednesday, reaching $118.12. 1,498,929 shares of the company's stock were exchanged, compared to its average volume of 1,317,602. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.33 and a current ratio of 1.76. The company has a market capitalization of $28.71 billion, a price-to-earnings ratio of 32.27, a price-to-earnings-growth ratio of 2.33 and a beta of 1.08. The company's 50-day moving average is $125.65 and its two-hundred day moving average is $125.69. Xylem Inc. has a one year low of $113.26 and a one year high of $146.08.

Xylem (NYSE:XYL - Get Free Report) last issued its quarterly earnings data on Tuesday, February 4th. The industrial products company reported $1.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.12 by $0.06. The company had revenue of $2.30 billion during the quarter, compared to the consensus estimate of $2.18 billion. Xylem had a net margin of 10.40% and a return on equity of 9.96%. The firm's revenue was up 8.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.99 earnings per share. On average, analysts forecast that Xylem Inc. will post 4.65 EPS for the current fiscal year.

Xylem Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Tuesday, February 18th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.35%. This is a positive change from Xylem's previous quarterly dividend of $0.36. The ex-dividend date was Tuesday, February 18th. Xylem's payout ratio is 43.72%.

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.