Sumitomo Mitsui DS Asset Management Company Ltd Purchases 3,610 Shares of Xylem Inc. (NYSE:XYL)

Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in Xylem Inc. (NYSE:XYL - Free Report) by 14.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 27,820 shares of the industrial products company's stock after purchasing an additional 3,610 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd's holdings in Xylem were worth $3,228,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the stock. Swedbank AB grew its position 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 worth $427,325,000 after buying an additional 691,618 shares during the period. Erste Asset Management GmbH acquired a new stake in Xylem during the 3rd quarter worth $68,593,000. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in shares of Xylem during the 3rd quarter valued at $52,169,000. Champlain Investment Partners LLC lifted its stake in shares of Xylem by 17.8% in the 3rd quarter. Champlain Investment Partners LLC now owns 1,657,785 shares of the industrial products company's stock valued at $223,851,000 after purchasing an additional 249,975 shares during the period. Finally, State Street Corp boosted its position in shares of Xylem by 1.9% in the 3rd quarter. State Street Corp now owns 10,329,494 shares of the industrial products company's stock worth $1,394,792,000 after purchasing an additional 189,820 shares during the last quarter. Institutional investors own 87.96% of the company's stock.

Xylem Stock Up 0.6 %

XYL traded up $0.80 during trading hours on Tuesday, hitting $132.06. 1,211,934 shares of the company's stock were exchanged, compared to its average volume of 1,383,864. The company has a quick ratio of 1.42, 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 stock's 50-day moving average is $121.12 and its two-hundred day moving average is $127.29. The stock has a market cap of $32.08 billion, a price-to-earnings ratio of 36.08, a PEG ratio of 2.36 and a beta of 1.07.

Xylem (NYSE:XYL - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The industrial products company reported $1.18 earnings per share for the quarter, beating the consensus estimate of $1.12 by $0.06. Xylem had a return on equity of 9.96% and a net margin of 10.40%. The company had revenue of $2.30 billion during the quarter, compared to analysts' expectations of $2.18 billion. During the same quarter last year, the company earned $0.99 EPS. Xylem's revenue for the quarter was up 8.6% compared to the same quarter last year. Sell-side analysts predict that Xylem Inc. will post 4.66 earnings per share for the current fiscal year.

Xylem Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Tuesday, February 18th will be paid a dividend of $0.40 per share. The ex-dividend date is Tuesday, February 18th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.21%. This is a boost from Xylem's previous quarterly dividend of $0.36. Xylem's dividend payout ratio is currently 39.34%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Wolfe Research restated a "peer perform" rating on shares of Xylem in a research report on Thursday, December 12th. Robert W. Baird upped their target price on shares of Xylem from $139.00 to $148.00 and gave the company an "outperform" rating in a research note on Wednesday, February 5th. Citigroup cut shares of Xylem from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, February 5th. Stifel Nicolaus lowered their price target on Xylem from $166.00 to $150.00 and set a "buy" rating for the company in a report on Friday, January 24th. Finally, Royal Bank of Canada reduced their price target on shares of Xylem from $163.00 to $162.00 and set an "outperform" rating for the company in a report on Friday, November 1st. Four research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $149.90.

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.