Sumitomo Mitsui DS Asset Management Company Ltd Increases Stock Holdings in Xylem Inc. (NYSE:XYL)

Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in shares of Xylem Inc. (NYSE:XYL) by 2.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,956 shares of the industrial products company’s stock after purchasing an additional 516 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Xylem were worth $3,249,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in XYL. EverSource Wealth Advisors LLC boosted its position in Xylem by 68.8% in the 1st quarter. EverSource Wealth Advisors LLC now owns 189 shares of the industrial products company’s stock valued at $25,000 after buying an additional 77 shares during the period. Whittier Trust Co. of Nevada Inc. raised its position in Xylem by 3.5% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 2,317 shares of the industrial products company’s stock valued at $299,000 after purchasing an additional 79 shares in the last quarter. Waycross Investment Management Co raised its position in Xylem by 1.8% in the 2nd quarter. Waycross Investment Management Co now owns 4,895 shares of the industrial products company’s stock valued at $664,000 after purchasing an additional 87 shares in the last quarter. Bleakley Financial Group LLC increased its stake in shares of Xylem by 2.3% during the first quarter. Bleakley Financial Group LLC now owns 4,042 shares of the industrial products company’s stock worth $522,000 after buying an additional 90 shares during the period. Finally, Brown Advisory Inc. increased its stake in shares of Xylem by 1.1% during the fourth quarter. Brown Advisory Inc. now owns 8,203 shares of the industrial products company’s stock worth $938,000 after buying an additional 92 shares during the period. Institutional investors and hedge funds own 87.96% of the company’s stock.

Insider Activity

In other Xylem news, SVP Rodney Aulick sold 21,800 shares of the stock in a transaction on Wednesday, June 5th. The stock was sold at an average price of $139.01, for a total value of $3,030,418.00. Following the completion of the transaction, the senior vice president now owns 76,287 shares in the company, valued at $10,604,655.87. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, SVP Rodney Aulick sold 21,800 shares of the stock in a transaction dated Wednesday, June 5th. The shares were sold at an average price of $139.01, for a total value of $3,030,418.00. Following the completion of the transaction, the senior vice president now owns 76,287 shares in the company, valued at approximately $10,604,655.87. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Geri-Michelle Mcshane sold 2,278 shares of the company’s stock in a transaction dated Monday, June 10th. The stock was sold at an average price of $138.63, for a total transaction of $315,799.14. Following the transaction, the chief accounting officer now owns 3,536 shares in the company, valued at $490,195.68. The disclosure for this sale can be found here. Insiders own 0.27% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on XYL. TD Cowen increased their price objective on shares of Xylem from $135.00 to $138.00 and gave the company a “buy” rating in a research report on Thursday, June 6th. UBS Group started coverage on Xylem in a report on Tuesday, August 13th. They set a “buy” rating and a $165.00 price target for the company. Royal Bank of Canada increased their price objective on Xylem from $160.00 to $163.00 and gave the company an “outperform” rating in a report on Wednesday, July 31st. Oppenheimer increased their price target on shares of Xylem from $147.00 to $152.00 and gave the company an “outperform” rating in a research note on Friday, May 31st. Finally, Mizuho boosted their price objective on shares of Xylem from $110.00 to $135.00 and gave the stock a “neutral” rating in a research report on Friday, May 3rd. Four analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, Xylem presently has a consensus rating of “Moderate Buy” and a consensus price target of $147.54.

Xylem Stock Performance

Shares of XYL stock opened at $137.53 on Friday. Xylem Inc. has a 52-week low of $87.59 and a 52-week high of $146.08. The stock’s 50-day moving average price is $134.76 and its 200 day moving average price is $133.46. The company has a quick ratio of 1.33, a current ratio of 1.85 and a debt-to-equity ratio of 0.19. The stock has a market capitalization of $33.34 billion, a PE ratio of 48.94, a price-to-earnings-growth ratio of 2.40 and a beta of 1.04.

Xylem (NYSE:XYL) last released its quarterly earnings results on Tuesday, July 30th. The industrial products company reported $1.09 EPS for the quarter, topping the consensus estimate of $1.05 by $0.04. Xylem had a return on equity of 9.48% and a net margin of 9.11%. The business had revenue of $2.17 billion during the quarter, compared to analysts’ expectations of $2.14 billion. During the same quarter in the prior year, the business earned $0.98 earnings per share. The company’s quarterly revenue was up 26.0% compared to the same quarter last year. As a group, equities research analysts forecast that Xylem Inc. will post 4.25 EPS for the current year.

Xylem Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 26th. Shareholders of record on Thursday, August 29th will be given a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 1.05%. The ex-dividend date of this dividend is Thursday, August 29th. Xylem’s payout ratio is 51.25%.

About Xylem

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.