Mizuho Securities USA LLC Boosts Holdings in Xylem Inc. (NYSE:XYL)

Mizuho Securities USA LLC raised its position in shares of Xylem Inc. (NYSE:XYL - Free Report) by 46.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 23,026 shares of the industrial products company's stock after buying an additional 7,276 shares during the quarter. Mizuho Securities USA LLC's holdings in Xylem were worth $2,671,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in XYL. Lee Danner & Bass Inc. purchased a new position in Xylem in the 4th quarter worth about $30,000. Rialto Wealth Management LLC bought a new position in shares of Xylem during the 4th quarter valued at approximately $31,000. Heck Capital Advisors LLC bought a new stake in shares of Xylem in the 4th quarter valued at approximately $36,000. SRS Capital Advisors Inc. boosted its stake in shares of Xylem by 69.5% during the 4th quarter. SRS Capital Advisors Inc. now owns 317 shares of the industrial products company's stock worth $37,000 after purchasing an additional 130 shares during the period. Finally, Pathway Financial Advisers LLC raised its holdings in shares of Xylem by 122.4% in the fourth quarter. Pathway Financial Advisers LLC now owns 318 shares of the industrial products company's stock worth $37,000 after buying an additional 175 shares during the period. Institutional investors own 87.96% of the company's stock.

Xylem Price Performance

Shares of NYSE XYL traded down $2.60 during midday trading on Friday, hitting $119.42. The stock had a trading volume of 1,589,726 shares, compared to its average volume of 1,312,193. The company has a quick ratio of 1.33, a current ratio of 1.76 and a debt-to-equity ratio of 0.19. Xylem Inc. has a 1 year low of $113.26 and a 1 year high of $146.08. The company has a market capitalization of $29.02 billion, a PE ratio of 32.63, a P/E/G ratio of 2.33 and a beta of 1.08. The stock has a 50 day simple moving average of $125.71 and a 200-day simple moving average of $125.97.

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Xylem (NYSE:XYL - Get Free Report) last issued its earnings results on Tuesday, February 4th. The industrial products company reported $1.18 EPS for the quarter, beating analysts' consensus estimates of $1.12 by $0.06. The business 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%. The company's quarterly revenue was up 8.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.99 earnings per share. On average, sell-side analysts expect that Xylem Inc. will post 4.65 EPS for the current fiscal year.

Xylem Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Tuesday, February 18th were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.34%. The ex-dividend date of this dividend was Tuesday, February 18th. This is a boost from Xylem's previous quarterly dividend of $0.36. Xylem's dividend payout ratio (DPR) is currently 43.72%.

Wall Street Analyst Weigh In

XYL has been the subject of several research reports. Robert W. Baird upped their target price on Xylem from $139.00 to $148.00 and gave the stock an "outperform" rating in a report on Wednesday, February 5th. Stifel Nicolaus dropped their target price 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. Citigroup cut shares of Xylem from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, February 5th. Finally, Wolfe Research reissued a "peer perform" rating on shares of Xylem in a report on Thursday, December 12th. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $149.89.

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.