Mirae Asset Global Investments Co. Ltd. Raises Position in Xylem Inc. (NYSE:XYL)

Mirae Asset Global Investments Co. Ltd. grew its stake in Xylem Inc. (NYSE:XYL - Free Report) by 11.7% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 33,704 shares of the industrial products company's stock after purchasing an additional 3,520 shares during the quarter. Mirae Asset Global Investments Co. Ltd.'s holdings in Xylem were worth $4,026,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Dempze Nancy E grew its holdings in shares of Xylem by 0.3% in the fourth quarter. Dempze Nancy E now owns 25,761 shares of the industrial products company's stock valued at $2,989,000 after acquiring an additional 88 shares in the last quarter. Townsquare Capital LLC grew its holdings in shares of Xylem by 0.8% in the fourth quarter. Townsquare Capital LLC now owns 11,074 shares of the industrial products company's stock valued at $1,285,000 after acquiring an additional 88 shares in the last quarter. Center for Financial Planning Inc. grew its holdings in shares of Xylem by 52.0% in the first quarter. Center for Financial Planning Inc. now owns 266 shares of the industrial products company's stock valued at $32,000 after acquiring an additional 91 shares in the last quarter. Keel Point LLC grew its holdings in shares of Xylem by 4.1% in the fourth quarter. Keel Point LLC now owns 2,371 shares of the industrial products company's stock valued at $275,000 after acquiring an additional 93 shares in the last quarter. Finally, SageView Advisory Group LLC grew its holdings in shares of Xylem by 3.6% in the fourth quarter. SageView Advisory Group LLC now owns 2,790 shares of the industrial products company's stock valued at $324,000 after acquiring an additional 98 shares in the last quarter. 87.96% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on XYL shares. Citigroup reduced their target price on Xylem from $152.00 to $134.00 and set a "buy" rating for the company in a report on Monday, April 14th. 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 report on Wednesday, April 30th. JPMorgan Chase & Co. began coverage on Xylem in a report on Friday, May 30th. They set an "overweight" rating and a $148.00 price objective for the company. Raymond James Financial raised Xylem to a "hold" rating in a report on Thursday, May 15th. Finally, Royal Bank Of Canada increased their price objective on Xylem from $143.00 to $147.00 and gave the company an "outperform" rating in a report on Wednesday, April 30th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $143.71.

Xylem Stock Performance

Shares of NYSE:XYL traded up $0.57 during trading on Friday, hitting $132.28. 713,729 shares of the company were exchanged, compared to its average volume of 1,415,764. The company has a market cap of $32.19 billion, a PE ratio of 35.56, a P/E/G ratio of 2.41 and a beta of 1.12. The stock has a 50 day moving average of $125.86 and a 200 day moving average of $122.10. 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 current ratio of 1.89 and a quick ratio of 1.41.

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

Xylem Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 26th. Shareholders of record on Thursday, May 29th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Thursday, May 29th. This represents a $1.60 annualized dividend and a dividend yield of 1.21%. Xylem's dividend payout ratio is currently 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.