Resona Asset Management Co. Ltd. Invests $9.44 Million in Xylem Inc. (NYSE:XYL)

Resona Asset Management Co. Ltd. acquired a new stake in Xylem Inc. (NYSE:XYL - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 81,199 shares of the industrial products company's stock, valued at approximately $9,440,000.

Other institutional investors have also recently modified their holdings of the company. Nordea Investment Management AB raised its position in Xylem by 24.6% during the fourth quarter. Nordea Investment Management AB now owns 26,798 shares of the industrial products company's stock valued at $3,125,000 after acquiring an additional 5,286 shares in the last quarter. MML Investors Services LLC grew its stake in shares of Xylem by 66.9% during the 3rd quarter. MML Investors Services LLC now owns 15,935 shares of the industrial products company's stock worth $2,152,000 after purchasing an additional 6,386 shares during the period. Swedbank AB increased its holdings in shares of Xylem by 23.1% during the 4th quarter. Swedbank AB now owns 3,683,201 shares of the industrial products company's stock valued at $427,325,000 after purchasing an additional 691,618 shares in the last quarter. Groupama Asset Managment boosted its holdings in Xylem by 89.6% during the third quarter. Groupama Asset Managment now owns 16,340 shares of the industrial products company's stock worth $2,206,000 after buying an additional 7,723 shares in the last quarter. Finally, Benson Investment Management Company Inc. acquired a new stake in Xylem during the fourth quarter valued at $5,094,000. 87.96% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have commented on the company. Robert W. Baird raised their price objective on Xylem from $139.00 to $148.00 and gave the company an "outperform" rating in a report on Wednesday, February 5th. Citigroup lowered shares of Xylem from a "strong-buy" rating to a "hold" rating in a report on Wednesday, February 5th. Finally, Stifel Nicolaus decreased their price objective 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. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, Xylem presently has a consensus rating of "Moderate Buy" and a consensus price target of $149.89.

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Xylem Trading Up 1.2 %

Xylem stock traded up $1.26 during mid-day trading on Friday, hitting $108.94. The company's stock had a trading volume of 1,938,139 shares, compared to its average volume of 1,376,362. The stock's fifty day moving average is $122.72 and its two-hundred day moving average is $123.95. The company has a current ratio of 1.76, a quick ratio of 1.33 and a debt-to-equity ratio of 0.19. The firm has a market capitalization of $26.51 billion, a PE ratio of 29.76, a price-to-earnings-growth ratio of 2.33 and a beta of 1.08. Xylem Inc. has a 1 year low of $100.47 and a 1 year high of $146.08.

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

Xylem Increases Dividend

The business also recently announced 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 yield of 1.47%. The ex-dividend date of this dividend was Tuesday, February 18th. This is an increase from Xylem's previous quarterly dividend of $0.36. Xylem's dividend payout ratio (DPR) 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.