Xylem Inc. (NYSE:XYL) Shares Acquired by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. increased its position in shares of Xylem Inc. (NYSE:XYL) by 173.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 55,425 shares of the industrial products company’s stock after acquiring an additional 35,175 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Xylem were worth $6,338,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently modified their holdings of XYL. Bruce G. Allen Investments LLC acquired a new position in Xylem in the 4th quarter valued at about $27,000. NBC Securities Inc. acquired a new position in Xylem in the third quarter valued at approximately $38,000. KB Financial Partners LLC purchased a new position in Xylem in the first quarter worth approximately $42,000. Coppell Advisory Solutions LLC acquired a new stake in Xylem during the second quarter worth $45,000. Finally, Orion Capital Management LLC purchased a new stake in Xylem in the third quarter valued at $48,000. Hedge funds and other institutional investors own 87.96% of the company’s stock.

Insider Transactions at Xylem

In related news, SVP Franz Cerwinka sold 2,408 shares of the company’s stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $121.79, for a total value of $293,270.32. Following the completion of the sale, the senior vice president now owns 11,750 shares in the company, valued at approximately $1,431,032.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, CAO Geri-Michelle Mcshane sold 1,000 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the chief accounting officer now owns 2,935 shares in the company, valued at $360,682.15. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Franz Cerwinka sold 2,408 shares of Xylem stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $121.79, for a total transaction of $293,270.32. Following the completion of the transaction, 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. Insiders own 0.27% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Royal Bank of Canada raised their price objective on Xylem from $140.00 to $145.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 7th. BNP Paribas began coverage on shares of Xylem in a research report on Tuesday, March 12th. They set an “outperform” rating and a $150.00 price target for the company. Robert W. Baird upped their price objective on shares of Xylem from $141.00 to $148.00 and gave the stock an “outperform” rating in a report on Thursday, March 21st. Citigroup increased their price objective on shares of Xylem from $126.00 to $139.00 and gave the stock a “neutral” rating in a research report on Monday, April 8th. Finally, Oppenheimer boosted their target price on Xylem from $133.00 to $142.00 and gave the company an “outperform” rating in a research report on Thursday. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, Xylem currently has a consensus rating of “Moderate Buy” and a consensus target price of $138.11.

Xylem Stock Up 0.5 %

XYL stock opened at $127.84 on Friday. 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 company’s 50 day moving average is $127.01 and its two-hundred day moving average is $112.36. The stock has a market cap of $30.99 billion, a P/E ratio of 47.00, a PEG ratio of 2.53 and a beta of 1.10. Xylem Inc. has a twelve month low of $87.59 and a twelve month high of $130.86.

Xylem (NYSE:XYL) last released its quarterly earnings data on Tuesday, February 6th. The industrial products company reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.96 by $0.03. Xylem had a net margin of 8.27% and a return on equity of 9.65%. The company had revenue of $2.12 billion during the quarter, compared to the consensus estimate of $2.05 billion. During the same quarter in the prior year, the firm posted $0.92 earnings per share. Xylem’s revenue for the quarter was up 40.6% on a year-over-year basis. Research analysts expect that Xylem Inc. will post 4.13 earnings per share for the current fiscal year.

Xylem Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 20th. Stockholders of record on Wednesday, February 21st were issued a $0.36 dividend. This is an increase from Xylem’s previous quarterly dividend of $0.33. This represents a $1.44 annualized dividend and a dividend yield of 1.13%. The ex-dividend date of this dividend was Tuesday, February 20th. Xylem’s dividend payout ratio is presently 52.94%.

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.