Nomura Holdings Inc. Takes Position in Xylem Inc. (NYSE:XYL)

Nomura Holdings Inc. acquired a new stake in shares of Xylem Inc. (NYSE:XYL - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 12,614 shares of the industrial products company's stock, valued at approximately $1,463,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Lee Danner & Bass Inc. acquired a new stake in Xylem during the fourth quarter worth $30,000. Rialto Wealth Management LLC bought a new position in shares of Xylem during the 4th quarter worth about $31,000. Heck Capital Advisors LLC bought a new position in shares of Xylem during the 4th quarter worth about $36,000. SRS Capital Advisors Inc. boosted its position in shares of Xylem by 69.5% during the 4th quarter. SRS Capital Advisors Inc. now owns 317 shares of the industrial products company's stock valued at $37,000 after acquiring an additional 130 shares in the last quarter. Finally, Pathway Financial Advisers LLC increased its stake in Xylem by 122.4% in the fourth quarter. Pathway Financial Advisers LLC now owns 318 shares of the industrial products company's stock valued at $37,000 after acquiring an additional 175 shares during the period. 87.96% of the stock is currently owned by institutional investors.

Xylem Price Performance

XYL stock traded down $0.98 during midday trading on Friday, reaching $124.29. 209,490 shares of the company's stock traded hands, compared to its average volume of 1,411,919. The company has a 50-day simple moving average of $117.51 and a two-hundred day simple moving average of $121.51. The company has a quick ratio of 1.33, a current ratio of 1.76 and a debt-to-equity ratio of 0.19. Xylem Inc. has a 1-year low of $100.47 and a 1-year high of $145.89. The company has a market cap of $30.25 billion, a price-to-earnings ratio of 33.97, a PEG ratio of 2.33 and a beta of 1.10.

Xylem (NYSE:XYL - Get Free Report) last announced its earnings results on Tuesday, April 29th. The industrial products company reported $1.03 EPS for the quarter, topping the consensus estimate of $0.95 by $0.08. Xylem had a return on equity of 9.96% and a net margin of 10.40%. The company had revenue of $2.07 billion for the quarter, compared to analysts' expectations of $2.04 billion. During the same quarter in the prior year, the business earned $0.90 earnings per share. The business's revenue for the quarter was up 1.8% on a year-over-year basis. On average, analysts anticipate that Xylem Inc. will post 4.65 earnings per share for the current year.

Xylem Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 26th. Shareholders of record on Thursday, May 29th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.29%. The ex-dividend date of this dividend is Thursday, May 29th. Xylem's dividend payout ratio is presently 43.01%.

Analyst Ratings Changes

A number of research analysts have commented on the stock. Stifel Nicolaus raised their price target on shares of Xylem from $140.00 to $141.00 and gave the stock a "buy" rating in a research note on Wednesday, April 30th. Royal Bank of Canada increased their target price on Xylem from $143.00 to $147.00 and gave the stock an "outperform" rating in a report on Wednesday, April 30th. Raymond James upgraded Xylem to a "hold" rating in a research report on Thursday, May 15th. Robert W. Baird decreased their price target on Xylem from $149.00 to $146.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 30th. Finally, Citigroup dropped 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 seven have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $146.88.

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.