Xylem Inc. (NYSE:XYL) Shares Purchased by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. increased its position in shares of Xylem Inc. (NYSE:XYL) by 22.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 185,203 shares of the industrial products company’s stock after acquiring an additional 33,550 shares during the period. Asset Management One Co. Ltd. owned about 0.08% of Xylem worth $21,173,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of XYL. Patten Group Inc. raised its position in Xylem by 0.3% in the 4th quarter. Patten Group Inc. now owns 31,112 shares of the industrial products company’s stock valued at $3,558,000 after purchasing an additional 99 shares in the last quarter. Whittier Trust Co. of Nevada Inc. raised its position in Xylem by 4.6% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 2,238 shares of the industrial products company’s stock valued at $256,000 after purchasing an additional 99 shares in the last quarter. Evergreen Capital Management LLC raised its position in Xylem by 1.9% in the 4th quarter. Evergreen Capital Management LLC now owns 5,319 shares of the industrial products company’s stock valued at $588,000 after purchasing an additional 100 shares in the last quarter. Harbour Investments Inc. raised its position in Xylem by 1.1% in the 1st quarter. Harbour Investments Inc. now owns 9,017 shares of the industrial products company’s stock valued at $944,000 after purchasing an additional 101 shares in the last quarter. Finally, Chesley Taft & Associates LLC increased its holdings in shares of Xylem by 0.7% in the 4th quarter. Chesley Taft & Associates LLC now owns 15,275 shares of the industrial products company’s stock valued at $1,747,000 after acquiring an additional 111 shares during the last quarter. Institutional investors and hedge funds own 87.96% of the company’s stock.

Xylem Trading Up 0.8 %

NYSE:XYL opened at $128.31 on Friday. The firm has a market cap of $31.10 billion, a P/E ratio of 47.17, a PEG ratio of 2.53 and a beta of 1.10. The company has a current ratio of 1.76, a quick ratio of 1.30 and a debt-to-equity ratio of 0.22. The stock’s 50 day simple moving average is $124.93 and its 200-day simple moving average is $109.84. Xylem Inc. has a 12-month low of $87.59 and a 12-month high of $130.86.

Xylem (NYSE:XYL) last released its earnings results on Tuesday, February 6th. The industrial products company reported $0.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.96 by $0.03. Xylem had a return on equity of 9.65% and a net margin of 8.27%. The business had revenue of $2.12 billion for the quarter, compared to analyst estimates of $2.05 billion. During the same quarter in the previous year, the company posted $0.92 earnings per share. The company’s revenue for the quarter was up 40.6% compared to the same quarter last year. Equities analysts anticipate that Xylem Inc. will post 4.13 EPS for the current year.

Xylem Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 20th. Investors of record on Wednesday, February 21st were issued a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 1.12%. The ex-dividend date was Tuesday, February 20th. This is a positive change from Xylem’s previous quarterly dividend of $0.33. Xylem’s dividend payout ratio is currently 52.94%.

Insider Buying and Selling

In other Xylem news, CAO Geri-Michelle Mcshane sold 1,000 shares of the business’s stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $122.89, for a total transaction of $122,890.00. Following the sale, the chief accounting officer now directly owns 2,935 shares in the company, valued at $360,682.15. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Xylem news, CAO Geri-Michelle Mcshane sold 1,000 shares of the business’s stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $122.89, for a total transaction of $122,890.00. Following the sale, the chief accounting officer now directly owns 2,935 shares in the company, valued at $360,682.15. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Franz Cerwinka sold 2,408 shares of the business’s stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $121.79, for a total value of $293,270.32. Following the sale, the senior vice president now owns 11,750 shares in the company, valued at $1,431,032.50. The disclosure for this sale can be found here. 0.90% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research firms have recently commented on XYL. Stifel Nicolaus increased their price objective on Xylem from $136.00 to $150.00 and gave the company a “buy” rating in a report on Wednesday, February 7th. BNP Paribas began coverage on Xylem in a report on Tuesday, March 12th. They issued an “outperform” rating and a $150.00 price objective on the stock. Citigroup increased their price objective on Xylem from $122.00 to $126.00 and gave the company a “neutral” rating in a report on Wednesday, February 7th. Raymond James upgraded Xylem from an “underperform” rating to a “market perform” rating in a report on Thursday, January 4th. Finally, Robert W. Baird raised their price target on Xylem from $141.00 to $148.00 and gave the stock an “outperform” rating in a research note on Thursday, March 21st. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, Xylem presently has an average rating of “Moderate Buy” and a consensus target price of $134.00.

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.