Nomura Asset Management Co. Ltd. Raises Stock Position in Xylem Inc. (NYSE:XYL)

Nomura Asset Management Co. Ltd. increased its holdings in shares of Xylem Inc. (NYSE:XYL) by 178.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm 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.’s holdings in Xylem were worth $28,420,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Brooklyn Investment Group purchased a new stake in shares of Xylem in the third quarter worth about $55,000. Glenmede Trust Co. NA grew its position in Xylem by 3.4% in the third quarter. Glenmede Trust Co. NA now owns 18,399 shares of the industrial products company’s stock valued at $2,484,000 after acquiring an additional 605 shares in the last quarter. Public Sector Pension Investment Board raised its stake in shares of Xylem by 12.8% during the third quarter. Public Sector Pension Investment Board now owns 10,610 shares of the industrial products company’s stock valued at $1,433,000 after purchasing an additional 1,200 shares during the period. Erste Asset Management GmbH acquired a new position in shares of Xylem during the third quarter worth $68,593,000. Finally, FSA Wealth Management LLC purchased a new position in Xylem in the 3rd quarter valued at about $131,000. 87.96% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on XYL shares. Wolfe Research reiterated a “peer perform” rating on shares of Xylem in a research note on Thursday, December 12th. Stifel Nicolaus reduced their target price on Xylem from $166.00 to $150.00 and set a “buy” rating for the company in a research note on Friday, January 24th. Citigroup lowered shares of Xylem from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 5th. Finally, Robert W. Baird boosted their target price on shares of Xylem from $139.00 to $148.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 5th. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, Xylem presently has an average rating of “Moderate Buy” and a consensus price target of $149.89.

Xylem Trading Down 2.1 %

Xylem stock opened at $119.42 on Friday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.33 and a current ratio of 1.76. Xylem Inc. has a 1 year low of $113.26 and a 1 year high of $146.08. The firm’s 50-day moving average is $125.70 and its 200-day moving average is $125.88. The company has a market cap of $29.02 billion, a P/E ratio of 32.63, a PEG ratio of 2.33 and a beta of 1.08.

Xylem (NYSE:XYL) last issued its earnings results on Tuesday, February 4th. The industrial products company reported $1.18 EPS for the quarter, beating analysts’ consensus estimates of $1.12 by $0.06. The company had revenue of $2.30 billion during the quarter, compared to the consensus estimate of $2.18 billion. Xylem had a return on equity of 9.96% and a net margin of 10.40%. Xylem’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.99 earnings per share. On average, equities analysts expect that Xylem Inc. will post 4.65 earnings per share for the current year.

Xylem Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Tuesday, February 18th were given a $0.40 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This is a positive change from Xylem’s previous quarterly dividend of $0.36. This represents a $1.60 annualized dividend and a yield of 1.34%. Xylem’s dividend payout ratio (DPR) is currently 43.72%.

Xylem Company 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.