Mirae Asset Global Investments Co. Ltd. Purchases 3,520 Shares of Xylem Inc. (NYSE:XYL)

Mirae Asset Global Investments Co. Ltd. boosted its position in Xylem Inc. (NYSE:XYL - Free Report) by 11.7% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 33,704 shares of the industrial products company's stock after buying an additional 3,520 shares during the quarter. Mirae Asset Global Investments Co. Ltd.'s holdings in Xylem were worth $4,026,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in XYL. Smartleaf Asset Management LLC raised its stake in Xylem by 31.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 575 shares of the industrial products company's stock valued at $67,000 after acquiring an additional 139 shares during the period. SRS Capital Advisors Inc. increased its stake 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 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 fourth 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. bought a new stake in shares of Xylem in the fourth quarter valued at approximately $61,000. Finally, LGT Group Foundation lifted its stake in shares of Xylem by 0.7% during the 4th quarter. LGT Group Foundation now owns 54,408 shares of the industrial products company's stock valued at $6,312,000 after buying an additional 375 shares in the last quarter. 87.96% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

XYL has been the subject of a number of recent research reports. Citigroup reduced their price objective on shares of 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 Financial upgraded Xylem to a "hold" rating in a research report on Thursday, May 15th. Robert W. Baird decreased their price objective on Xylem from $149.00 to $146.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 30th. Stifel Nicolaus raised their target price on Xylem from $140.00 to $141.00 and gave the stock a "buy" rating in a research note on Wednesday, April 30th. Finally, JPMorgan Chase & Co. began coverage on Xylem in a report on Friday, May 30th. They set an "overweight" rating and a $148.00 target price for the company. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $143.71.

Xylem Price Performance

NYSE:XYL traded up $0.57 during trading hours on Thursday, hitting $132.28. 713,729 shares of the company's stock traded hands, compared to its average volume of 1,414,526. Xylem Inc. has a 52 week low of $100.47 and a 52 week high of $143.50. The business's fifty day simple moving average is $125.21 and its two-hundred day simple moving average is $121.91. The company has a quick ratio of 1.41, a current ratio of 1.89 and a debt-to-equity ratio of 0.18. The firm has a market cap of $32.19 billion, a P/E ratio of 35.56, a P/E/G ratio of 2.40 and a beta of 1.12.

Xylem (NYSE:XYL - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The industrial products company reported $1.03 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.95 by $0.08. Xylem had a return on equity of 10.12% and a net margin of 10.54%. The firm had revenue of $2.07 billion during the quarter, compared to the consensus estimate of $2.04 billion. During the same quarter last year, the company posted $0.90 EPS. The company's revenue for the quarter was up 1.8% on a year-over-year basis. On average, research analysts anticipate that Xylem Inc. will post 4.65 earnings per share for the current fiscal year.

Xylem Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 26th. Stockholders of record on Thursday, May 29th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.21%. The ex-dividend date was Thursday, May 29th. 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.