Xylem Inc. (NYSE:XYL) Shares Bought by Resona Asset Management Co. Ltd.

Key Points

• Resona Asset Management Co. Ltd. increased its position in Xylem Inc. by 4.8% during the first quarter, bringing its total holdings to 85,128 shares valued at approximately $10.17 million.
• Xylem reported $1.26 earnings per share (EPS) for the last quarter, exceeding analyst expectations of $1.15, with revenue of $2.30 billion, a 6.1% increase year-over-year.
• Analysts have set a consensus price target of $151.57 for Xylem, with the stock currently rated as a "Moderate Buy" by the majority of equities analysts.

Resona Asset Management Co. Ltd. lifted its holdings in shares of Xylem Inc. (NYSE:XYL - Free Report) by 4.8% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 85,128 shares of the industrial products company's stock after acquiring an additional 3,929 shares during the quarter. Resona Asset Management Co. Ltd.'s holdings in Xylem were worth $10,169,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Townsquare Capital LLC lifted its position in Xylem by 0.8% during the fourth quarter. Townsquare Capital LLC now owns 11,074 shares of the industrial products company's stock worth $1,285,000 after buying an additional 88 shares in the last quarter. Center for Financial Planning Inc. boosted its position in shares of Xylem by 52.0% in 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 stake in 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 acquiring an additional 93 shares during the last quarter. SageView Advisory Group LLC raised its stake 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 worth $324,000 after buying an additional 98 shares in the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. raised its holdings in Xylem by 3.0% during the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 3,450 shares of the industrial products company's stock worth $412,000 after purchasing an additional 99 shares during the last quarter. Institutional investors own 87.96% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on XYL shares. Wall Street Zen upgraded Xylem from a "hold" rating to a "buy" rating in a report on Saturday, August 9th. JPMorgan Chase & Co. began coverage on Xylem in a research report on Friday, May 30th. They issued an "overweight" rating and a $148.00 target price for the company. UBS Group increased their price objective on Xylem from $164.00 to $168.00 and gave the company a "buy" rating in a research report on Tuesday, August 5th. Citigroup reissued a "buy" rating and set a $152.00 target price (up from $137.00) on shares of Xylem in a research note on Monday, July 14th. Finally, Raymond James Financial raised shares of Xylem to a "hold" rating in a research report on Thursday, May 15th. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $151.57.

Xylem Trading Down 0.8%

NYSE XYL traded down $1.07 during trading on Friday, hitting $140.77. The company had a trading volume of 765,098 shares, compared to its average volume of 1,153,003. The company's fifty day moving average is $132.82 and its 200-day moving average is $125.83. The company has a market cap of $34.26 billion, a price-to-earnings ratio of 36.56, a price-to-earnings-growth ratio of 2.46 and a beta of 1.11. The company has a current ratio of 1.90, a quick ratio of 1.43 and a debt-to-equity ratio of 0.17. Xylem Inc. has a one year low of $100.47 and a one year high of $145.33.

Xylem (NYSE:XYL - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The industrial products company reported $1.26 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.15 by $0.11. Xylem had a net margin of 10.74% and a return on equity of 10.33%. The business had revenue of $2.30 billion during the quarter, compared to analyst estimates of $2.20 billion. During the same period last year, the firm posted $1.09 EPS. The company's revenue was up 6.1% on a year-over-year basis. On average, sell-side analysts predict that Xylem Inc. will post 4.65 earnings per share for the current year.

Xylem Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 25th. Shareholders of record on Thursday, August 28th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Thursday, August 28th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.1%. Xylem's dividend payout ratio (DPR) is 41.56%.

Xylem 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.