Tokio Marine Asset Management Co. Ltd. Trims Holdings in Xylem Inc. (NYSE:XYL)

Tokio Marine Asset Management Co. Ltd. reduced its holdings in shares of Xylem Inc. (NYSE:XYL) by 14.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,317 shares of the industrial products company’s stock after selling 1,265 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in Xylem were worth $988,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of XYL. Swedbank AB bought a new position in Xylem during the 1st quarter valued at approximately $311,684,000. LPL Financial LLC increased its stake in Xylem by 246.6% during the 2nd quarter. LPL Financial LLC now owns 324,504 shares of the industrial products company’s stock valued at $44,012,000 after purchasing an additional 230,878 shares in the last quarter. TCW Group Inc. lifted its stake in shares of Xylem by 189.2% in the second quarter. TCW Group Inc. now owns 315,400 shares of the industrial products company’s stock worth $42,778,000 after buying an additional 206,350 shares in the last quarter. Marshall Wace LLP increased its position in shares of Xylem by 433.0% during the second quarter. Marshall Wace LLP now owns 229,082 shares of the industrial products company’s stock valued at $31,070,000 after acquiring an additional 186,105 shares in the last quarter. Finally, EP Wealth Advisors LLC bought a new position in Xylem in the 2nd quarter valued at approximately $19,570,000. Institutional investors own 87.96% of the company’s stock.

Xylem Stock Performance

Shares of Xylem stock opened at $121.78 on Friday. Xylem Inc. has a 12 month low of $99.90 and a 12 month high of $146.08. The stock’s fifty day moving average price is $130.76 and its 200-day moving average price is $134.69. The firm has a market cap of $29.59 billion, a P/E ratio of 35.61, a P/E/G ratio of 2.24 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.

Xylem (NYSE:XYL) last issued its quarterly earnings data on Thursday, October 31st. The industrial products company reported $1.11 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.11. The company 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 revenue was up .2% compared to the same quarter last year. During the same period last year, the company posted $0.99 earnings per share. On average, equities research analysts expect that Xylem Inc. will post 4.23 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on XYL. TD Cowen dropped their price target on shares of Xylem from $138.00 to $125.00 and set a “hold” rating on the stock in a report on Wednesday, November 6th. UBS Group assumed coverage on Xylem in a research note on Tuesday, August 13th. They issued a “buy” rating and a $165.00 price target on the stock. Stifel Nicolaus increased their target price on Xylem from $170.00 to $172.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Royal Bank of Canada reduced their price target on shares of Xylem from $163.00 to $162.00 and set an “outperform” rating for the company in a research report on Friday, November 1st. Finally, Robert W. Baird cut their target price on shares of Xylem from $175.00 to $154.00 and set an “outperform” rating for the company in a research report on Friday, November 1st. Four analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $147.17.

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.