Nomura Asset Management Co. Ltd. Has $28.42 Million Stake in Xylem Inc. (NYSE:XYL)

Nomura Asset Management Co. Ltd. grew its position in Xylem Inc. (NYSE:XYL - Free Report) by 178.1% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 244,956 shares of the industrial products company's stock after purchasing an additional 156,870 shares during the period. Nomura Asset Management Co. Ltd. owned about 0.10% of Xylem worth $28,420,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the company. Nordea Investment Management AB boosted its position in Xylem by 24.6% in 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 buying an additional 5,286 shares in the last quarter. MML Investors Services LLC boosted its holdings in shares of Xylem by 66.9% in the 3rd quarter. MML Investors Services LLC now owns 15,935 shares of the industrial products company's stock worth $2,152,000 after acquiring an additional 6,386 shares in the last quarter. Swedbank AB grew its position 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 last quarter. Groupama Asset Managment grew its position in Xylem by 89.6% during the 3rd quarter. Groupama Asset Managment now owns 16,340 shares of the industrial products company's stock worth $2,206,000 after acquiring an additional 7,723 shares during the last quarter. Finally, Benson Investment Management Company Inc. acquired a new stake in Xylem during the 4th quarter valued at $5,094,000. Institutional investors own 87.96% of the company's stock.

Remove Ads

Analyst Ratings Changes

Several analysts have recently commented on XYL shares. Stifel Nicolaus decreased their target price on Xylem from $166.00 to $150.00 and set a "buy" rating on the stock in a report on Friday, January 24th. Citigroup lowered shares of Xylem from a "strong-buy" rating to a "hold" rating in a report on Wednesday, February 5th. Robert W. Baird increased their price target 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. Finally, Wolfe Research restated a "peer perform" rating on shares of Xylem in a research report on Thursday, December 12th. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $149.89.

Xylem Trading Down 1.0 %

XYL stock traded down $1.18 during midday trading on Wednesday, reaching $118.70. The company's stock had a trading volume of 1,877,644 shares, compared to its average volume of 1,321,725. Xylem Inc. has a 52 week low of $113.26 and a 52 week high of $146.08. The company has a quick ratio of 1.33, a current ratio of 1.76 and a debt-to-equity ratio of 0.19. The stock has a market cap of $28.85 billion, a PE ratio of 32.43, a price-to-earnings-growth ratio of 2.33 and a beta of 1.08. The business's 50-day simple moving average is $125.65 and its 200-day simple moving average is $125.69.

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

Xylem Increases Dividend

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

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.