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

Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in shares of Xylem Inc. (NYSE:XYL) by 2.1% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 28,406 shares of the industrial products company’s stock after buying an additional 586 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Xylem were worth $3,393,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in XYL. Smartleaf Asset Management LLC increased its stake in shares of Xylem by 31.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 575 shares of the industrial products company’s stock worth $67,000 after purchasing an additional 139 shares in the last quarter. SRS Capital Advisors Inc. increased its stake in shares of Xylem by 69.5% in the 4th quarter. SRS Capital Advisors Inc. now owns 317 shares of the industrial products company’s stock worth $37,000 after purchasing an additional 130 shares in the last quarter. Jones Financial Companies Lllp increased its stake in shares of Xylem by 9.7% in the 4th quarter. Jones Financial Companies Lllp now owns 3,623 shares of the industrial products company’s stock worth $420,000 after purchasing an additional 320 shares in the last quarter. SBI Securities Co. Ltd. purchased a new stake in shares of Xylem in the 4th quarter worth $61,000. Finally, Steward Partners Investment Advisory LLC increased its stake in shares of Xylem by 13.2% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 19,709 shares of the industrial products company’s stock worth $2,287,000 after purchasing an additional 2,298 shares in the last quarter. 87.96% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Raymond James Financial upgraded Xylem to a “hold” rating in a research note on Thursday, May 15th. Robert W. Baird reduced their price objective on Xylem from $149.00 to $146.00 and set an “outperform” rating for the company in a research note on Wednesday, April 30th. JPMorgan Chase & Co. assumed coverage on Xylem in a research note on Friday, May 30th. They issued an “overweight” rating and a $148.00 price objective for the company. Stifel Nicolaus upped their price objective on Xylem from $140.00 to $141.00 and gave the stock a “buy” rating in a research note on Wednesday, April 30th. Finally, Citigroup reduced their price objective on Xylem from $152.00 to $134.00 and set a “buy” rating for the company in a research note on Monday, April 14th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $143.71.

Xylem Trading Up 0.4%

Shares of XYL stock opened at $132.28 on Friday. Xylem Inc. has a 52-week low of $100.47 and a 52-week high of $143.50. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.41 and a current ratio of 1.89. The firm has a market capitalization of $32.19 billion, a PE ratio of 35.56, a PEG ratio of 2.40 and a beta of 1.12. The stock has a fifty day simple moving average of $125.54 and a two-hundred day simple moving average of $121.99.

Xylem (NYSE:XYL) last released its quarterly earnings data on Tuesday, April 29th. The industrial products company reported $1.03 EPS for the quarter, beating the consensus estimate of $0.95 by $0.08. Xylem had a net margin of 10.54% and a return on equity of 10.12%. The business had revenue of $2.07 billion during the quarter, compared to the consensus estimate of $2.04 billion. During the same quarter in the prior year, the firm earned $0.90 EPS. The business’s revenue was up 1.8% on a year-over-year basis. On average, analysts predict that Xylem Inc. will post 4.65 EPS for the current fiscal year.

Xylem Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 26th. Shareholders of record on Thursday, May 29th were issued a $0.40 dividend. The ex-dividend date was Thursday, May 29th. This represents a $1.60 dividend on an annualized basis and a yield of 1.21%. Xylem’s payout ratio is 43.01%.

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.