Sumitomo Mitsui DS Asset Management Company Ltd Has $3.27 Million Stock Holdings in Xylem Inc. (NYSE:XYL)

Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in shares of Xylem Inc. (NYSE:XYL) by 1.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 24,210 shares of the industrial products company’s stock after purchasing an additional 254 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Xylem were worth $3,269,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in XYL. Swedbank AB boosted its holdings in shares of Xylem by 22.8% during the 3rd quarter. Swedbank AB now owns 2,991,583 shares of the industrial products company’s stock worth $403,953,000 after buying an additional 554,609 shares in the last quarter. Mirova US LLC grew its holdings in Xylem by 2.0% in the second quarter. Mirova US LLC now owns 1,876,618 shares of the industrial products company’s stock worth $254,526,000 after purchasing an additional 36,013 shares during the period. DekaBank Deutsche Girozentrale grew its holdings in Xylem by 2.2% in the second quarter. DekaBank Deutsche Girozentrale now owns 1,665,090 shares of the industrial products company’s stock worth $227,364,000 after purchasing an additional 36,601 shares during the period. Dimensional Fund Advisors LP increased its stake in Xylem by 8.3% in the second quarter. Dimensional Fund Advisors LP now owns 1,474,033 shares of the industrial products company’s stock valued at $199,930,000 after purchasing an additional 113,571 shares in the last quarter. Finally, Sei Investments Co. raised its holdings in shares of Xylem by 3.1% during the second quarter. Sei Investments Co. now owns 1,045,023 shares of the industrial products company’s stock valued at $141,736,000 after purchasing an additional 31,709 shares during the period. 87.96% of the stock is currently owned by institutional investors.

Xylem Price Performance

Shares of NYSE XYL opened at $134.32 on Monday. The company has a current ratio of 1.85, a quick ratio of 1.33 and a debt-to-equity ratio of 0.19. The stock has a fifty day simple moving average of $133.67 and a two-hundred day simple moving average of $135.13. Xylem Inc. has a 1-year low of $87.59 and a 1-year high of $146.08. The firm has a market cap of $32.62 billion, a price-to-earnings ratio of 42.51, a price-to-earnings-growth ratio of 2.36 and a beta of 1.04.

Xylem (NYSE:XYL) last announced its quarterly earnings data on Tuesday, July 30th. The industrial products company reported $1.09 earnings per share for the quarter, topping the consensus estimate of $1.05 by $0.04. The company had revenue of $2.17 billion during the quarter, compared to analyst estimates of $2.14 billion. Xylem had a return on equity of 9.48% and a net margin of 9.11%. The firm’s revenue for the quarter was up 26.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.98 EPS. Analysts anticipate that Xylem Inc. will post 4.26 earnings per share for the current year.

Xylem Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 26th. Stockholders of record on Thursday, August 29th were given a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 1.07%. The ex-dividend date was Thursday, August 29th. Xylem’s dividend payout ratio is presently 45.57%.

Analyst Ratings Changes

XYL has been the subject of several research reports. Stifel Nicolaus raised their target price on Xylem from $170.00 to $172.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. UBS Group initiated coverage on Xylem in a report on Tuesday, August 13th. They set a “buy” rating and a $165.00 price objective for the company. Royal Bank of Canada increased their target price on Xylem from $160.00 to $163.00 and gave the stock an “outperform” rating in a report on Wednesday, July 31st. TD Cowen reissued a “hold” rating and issued a $138.00 price target on shares of Xylem in a research report on Tuesday, September 3rd. Finally, Robert W. Baird upped their price objective on shares of Xylem from $155.00 to $170.00 and gave the stock an “outperform” rating in a report on Wednesday, July 31st. Four analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, Xylem has a consensus rating of “Moderate Buy” and an average target price of $149.67.

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.