Mitsubishi UFJ Asset Management Co. Ltd. Raises Position in Xylem Inc. (NYSE:XYL)

Key Points

• Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in Xylem Inc. by 10.3%, now owning 435,058 shares valued at approximately $51.97 million.
• Xylem's stock has received several analyst upgrades with target prices ranging from $146 to $175, reflecting bullish sentiment with a consensus rating of “Moderate Buy.”
• The company reported earnings per share of $1.26 for the last quarter, surpassing estimates and showing a revenue increase of 6.1% year-over-year.

Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in shares of Xylem Inc. (NYSE:XYL - Free Report) by 10.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 435,058 shares of the industrial products company's stock after acquiring an additional 40,563 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned approximately 0.18% of Xylem worth $51,972,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Townsquare Capital LLC raised its position in shares of Xylem by 0.8% during the 4th quarter. Townsquare Capital LLC now owns 11,074 shares of the industrial products company's stock valued at $1,285,000 after purchasing an additional 88 shares during the period. Center for Financial Planning Inc. raised its position in shares of Xylem by 52.0% during the 1st quarter. Center for Financial Planning Inc. now owns 266 shares of the industrial products company's stock valued at $32,000 after purchasing an additional 91 shares during the period. Keel Point LLC raised its position in shares of Xylem by 4.1% during the 4th quarter. Keel Point LLC now owns 2,371 shares of the industrial products company's stock valued at $275,000 after purchasing an additional 93 shares during the period. SageView Advisory Group LLC raised its position in shares of Xylem by 3.6% during the 4th quarter. SageView Advisory Group LLC now owns 2,790 shares of the industrial products company's stock valued at $324,000 after purchasing an additional 98 shares during the period. Finally, Harel Insurance Investments & Financial Services Ltd. raised its position in shares of Xylem by 3.0% during the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 3,450 shares of the industrial products company's stock valued at $412,000 after purchasing an additional 99 shares during the period. 87.96% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

XYL has been the topic of several recent analyst reports. Citigroup restated a "buy" rating and set a $152.00 price objective (up from $137.00) on shares of Xylem in a research report on Monday, July 14th. UBS Group raised their target price on shares of Xylem from $164.00 to $168.00 and gave the company a "buy" rating in a research note on Tuesday. JPMorgan Chase & Co. initiated coverage on shares of Xylem in a research note on Friday, May 30th. They set an "overweight" rating and a $148.00 target price for the company. Robert W. Baird cut their target price on shares of Xylem from $149.00 to $146.00 and set an "outperform" rating for the company in a research note on Wednesday, April 30th. Finally, Stifel Nicolaus raised their target price on shares of Xylem from $162.00 to $175.00 and gave the company a "buy" rating in a research note on Friday, August 1st. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $151.57.

Xylem Stock Down 0.5%

NYSE:XYL opened at $142.71 on Friday. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.90 and a quick ratio of 1.43. The firm has a market cap of $34.74 billion, a PE ratio of 37.07, a price-to-earnings-growth ratio of 2.49 and a beta of 1.11. The company has a 50-day moving average of $131.23 and a 200 day moving average of $125.12. Xylem Inc. has a 1-year low of $100.47 and a 1-year high of $145.33.

Xylem (NYSE:XYL - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The industrial products company reported $1.26 earnings per share for the quarter, topping the consensus estimate of $1.15 by $0.11. Xylem had a net margin of 10.74% and a return on equity of 10.33%. The firm had revenue of $2.30 billion during the quarter, compared to analysts' expectations of $2.20 billion. During the same quarter in the prior year, the company earned $1.09 EPS. The company's revenue was up 6.1% compared to the same quarter last year. As a group, research analysts anticipate that Xylem Inc. will post 4.65 EPS for the current fiscal year.

Xylem Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 26th. Stockholders of record on Thursday, May 29th were given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend was Thursday, May 29th. Xylem's dividend payout ratio is presently 41.56%.

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.

Want to see what other hedge funds are holding XYL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Xylem Inc. (NYSE:XYL - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.