Asset Management One Co. Ltd. Decreases Stake in Xylem Inc. (NYSE:XYL)

Asset Management One Co. Ltd. trimmed its position in shares of Xylem Inc. (NYSE:XYL) by 9.6% during the third quarter, Holdings Channel reports. The institutional investor owned 147,564 shares of the industrial products company’s stock after selling 15,587 shares during the quarter. Asset Management One Co. Ltd.’s holdings in Xylem were worth $19,926,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the company. Robeco Institutional Asset Management B.V. increased its position in shares of Xylem by 27.1% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 314,964 shares of the industrial products company’s stock valued at $42,530,000 after purchasing an additional 67,061 shares during the last quarter. BSW Wealth Partners increased its holdings in Xylem by 14.8% in the third quarter. BSW Wealth Partners now owns 2,690 shares of the industrial products company’s stock valued at $363,000 after buying an additional 346 shares during the last quarter. Nvwm LLC raised its stake in Xylem by 3.7% in the third quarter. Nvwm LLC now owns 7,429 shares of the industrial products company’s stock valued at $1,003,000 after buying an additional 263 shares in the last quarter. Angeles Wealth Management LLC lifted its holdings in Xylem by 3.6% during the 3rd quarter. Angeles Wealth Management LLC now owns 2,462 shares of the industrial products company’s stock worth $332,000 after buying an additional 86 shares during the last quarter. Finally, Van ECK Associates Corp boosted its position in shares of Xylem by 7.3% during the 3rd quarter. Van ECK Associates Corp now owns 6,700 shares of the industrial products company’s stock worth $883,000 after acquiring an additional 458 shares in the last quarter. Institutional investors and hedge funds own 87.96% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on XYL shares. Stifel Nicolaus upped their price target on Xylem from $170.00 to $172.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. TD Cowen reaffirmed a “hold” rating and issued a $138.00 target price on shares of Xylem in a research report on Tuesday, September 3rd. UBS Group initiated coverage on shares of Xylem in a research report on Tuesday, August 13th. They issued a “buy” rating and a $165.00 price target for the company. Robert W. Baird dropped their price objective on Xylem from $175.00 to $154.00 and set an “outperform” rating on the stock in a report on Friday, November 1st. Finally, Royal Bank of Canada reduced their target price on Xylem from $163.00 to $162.00 and set an “outperform” rating for the company in a report on Friday, November 1st. Four investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $148.25.

Xylem Trading Up 1.2 %

Shares of XYL stock opened at $122.28 on Wednesday. The company has a market capitalization of $29.71 billion, a P/E ratio of 35.75, a price-to-earnings-growth ratio of 2.23 and a beta of 1.05. The company has a current ratio of 1.96, a quick ratio of 1.42 and a debt-to-equity ratio of 0.19. The business’s 50 day moving average is $132.48 and its two-hundred day moving average is $135.20. Xylem Inc. has a twelve month low of $95.35 and a twelve month high of $146.08.

Xylem (NYSE:XYL) last posted its quarterly earnings data on Thursday, October 31st. The industrial products company reported $1.11 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.11. The firm had revenue of $2.10 billion for the quarter, compared to analyst estimates of $2.17 billion. Xylem had a net margin of 9.85% and a return on equity of 9.61%. Xylem’s quarterly revenue was up .2% on a year-over-year basis. During the same period last year, the firm posted $0.99 EPS. Equities analysts forecast that Xylem Inc. will post 4.23 EPS for the current year.

Xylem Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, September 26th. Investors of record on Thursday, August 29th were issued a dividend of $0.36 per share. The ex-dividend date was Thursday, August 29th. This represents a $1.44 annualized dividend and a yield of 1.18%. Xylem’s dividend payout ratio is currently 42.11%.

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.