Resona Asset Management Co. Ltd. Takes Position in Xylem Inc. (NYSE:XYL)

Resona Asset Management Co. Ltd. bought a new position in shares of Xylem Inc. (NYSE:XYL) in the 4th quarter, HoldingsChannel reports. The institutional investor bought 81,199 shares of the industrial products company’s stock, valued at approximately $9,440,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in XYL. Clear Creek Financial Management LLC lifted its holdings in shares of Xylem by 4.3% in the 4th quarter. Clear Creek Financial Management LLC now owns 2,315 shares of the industrial products company’s stock valued at $269,000 after buying an additional 96 shares during the period. Bleakley Financial Group LLC lifted its holdings in Xylem by 2.3% in the fourth quarter. Bleakley Financial Group LLC now owns 4,359 shares of the industrial products company’s stock valued at $506,000 after acquiring an additional 96 shares during the period. U.S. Capital Wealth Advisors LLC boosted its position in Xylem by 1.3% in the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 7,868 shares of the industrial products company’s stock worth $913,000 after purchasing an additional 98 shares in the last quarter. Mcrae Capital Management Inc. boosted its position in Xylem by 2.9% in the 4th quarter. Mcrae Capital Management Inc. now owns 3,575 shares of the industrial products company’s stock worth $415,000 after purchasing an additional 100 shares in the last quarter. Finally, Larson Financial Group LLC grew its stake in shares of Xylem by 24.0% during the 4th quarter. Larson Financial Group LLC now owns 521 shares of the industrial products company’s stock worth $60,000 after purchasing an additional 101 shares during the period. 87.96% of the stock is currently owned by institutional investors and hedge funds.

Xylem Price Performance

Shares of Xylem stock opened at $103.65 on Tuesday. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.76 and a quick ratio of 1.33. The business has a 50 day simple moving average of $124.67 and a two-hundred day simple moving average of $125.01. The stock has a market capitalization of $25.22 billion, a P/E ratio of 28.32, a PEG ratio of 2.33 and a beta of 1.08. Xylem Inc. has a 12 month low of $100.47 and a 12 month high of $146.08.

Xylem (NYSE:XYL) last announced its quarterly earnings data on Tuesday, February 4th. The industrial products company reported $1.18 earnings per share for the quarter, beating 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 company had revenue of $2.30 billion for the quarter, compared to analyst estimates of $2.18 billion. During the same quarter last year, the firm posted $0.99 EPS. The firm’s revenue for the quarter was up 8.6% on a year-over-year basis. As a group, analysts predict that Xylem Inc. will post 4.65 EPS for the current fiscal year.

Xylem Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Tuesday, February 18th were issued a $0.40 dividend. This is an increase from Xylem’s previous quarterly dividend of $0.36. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $1.60 dividend on an annualized basis and a yield of 1.54%. Xylem’s dividend payout ratio is presently 43.72%.

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. Wolfe Research reissued a “peer perform” rating on shares of Xylem in a report on Thursday, December 12th. Stifel Nicolaus lowered their target price on shares of Xylem from $166.00 to $150.00 and set a “buy” rating on the stock in a research note on Friday, January 24th. Citigroup lowered Xylem from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 5th. Finally, 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. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, Xylem currently has an average rating of “Moderate Buy” and an average target price 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.