Nomura Holdings Inc. Acquires Shares of 12,614 Xylem Inc. (NYSE:XYL)

Nomura Holdings Inc. acquired a new stake in Xylem Inc. (NYSE:XYL) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 12,614 shares of the industrial products company’s stock, valued at approximately $1,463,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Lee Danner & Bass Inc. acquired a new position in shares of Xylem in the fourth quarter valued at $30,000. Rialto Wealth Management LLC acquired a new position in shares of Xylem in the fourth quarter valued at $31,000. Heck Capital Advisors LLC acquired a new position in shares of Xylem in the fourth quarter valued at $36,000. SRS Capital Advisors Inc. increased its holdings in shares of Xylem by 69.5% in the fourth quarter. SRS Capital Advisors Inc. now owns 317 shares of the industrial products company’s stock valued at $37,000 after purchasing an additional 130 shares during the last quarter. Finally, Pathway Financial Advisers LLC increased its holdings in shares of Xylem by 122.4% in the fourth quarter. Pathway Financial Advisers LLC now owns 318 shares of the industrial products company’s stock valued at $37,000 after purchasing an additional 175 shares during the last quarter. 87.96% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently commented on XYL shares. Royal Bank of Canada raised their price target on shares of Xylem from $143.00 to $147.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 30th. Stifel Nicolaus raised their target price on shares of Xylem from $140.00 to $141.00 and gave the stock a “buy” rating in a report on Wednesday, April 30th. Citigroup cut their price target on Xylem from $152.00 to $134.00 and set a “buy” rating for the company in a research note on Monday, April 14th. Raymond James raised Xylem to a “hold” rating in a research report on Thursday. Finally, Robert W. Baird dropped their price objective on Xylem from $149.00 to $146.00 and set an “outperform” rating for the company in a report on Wednesday, April 30th. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $146.88.

Xylem Stock Up 1.1%

NYSE XYL opened at $128.04 on Friday. Xylem Inc. has a fifty-two week low of $100.47 and a fifty-two week high of $146.08. The business has a fifty day moving average price of $117.18 and a two-hundred day moving average price of $121.35. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.76 and a quick ratio of 1.33. The stock has a market capitalization of $31.16 billion, a PE ratio of 34.98, a PEG ratio of 2.33 and a beta of 1.10.

Xylem (NYSE:XYL) last announced its quarterly earnings data on Tuesday, April 29th. The industrial products company reported $1.03 earnings per share for the quarter, topping the consensus estimate of $0.95 by $0.08. Xylem had a return on equity of 9.96% and a net margin of 10.40%. The business had revenue of $2.07 billion during the quarter, compared to the consensus estimate of $2.04 billion. During the same period in the prior year, the company earned $0.90 EPS. Xylem’s revenue for the quarter was up 1.8% on a year-over-year basis. Equities analysts expect that Xylem Inc. will post 4.65 earnings per share for the current fiscal year.

Xylem Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 26th. Investors of record on Thursday, May 29th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.25%. The ex-dividend date of this dividend is Thursday, May 29th. Xylem’s dividend payout ratio (DPR) is presently 43.01%.

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.