Sumitomo Mitsui Trust Group Inc. Acquires 4,116 Shares of Xylem Inc. (NYSE:XYL)

Sumitomo Mitsui Trust Group Inc. boosted its holdings in shares of Xylem Inc. (NYSE:XYL - Free Report) by 0.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 563,633 shares of the industrial products company's stock after purchasing an additional 4,116 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned about 0.23% of Xylem worth $67,332,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Norges Bank bought a new position in shares of Xylem during the 4th quarter worth about $302,734,000. Northern Trust Corp increased its stake in Xylem by 42.0% during the fourth quarter. Northern Trust Corp now owns 3,268,433 shares of the industrial products company's stock valued at $379,204,000 after acquiring an additional 966,399 shares during the period. AMF Tjanstepension AB bought a new position in Xylem during the fourth quarter valued at about $96,658,000. Vaughan Nelson Investment Management L.P. acquired a new position in Xylem in the 1st quarter valued at approximately $89,828,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Xylem in the 4th quarter worth approximately $83,139,000. Institutional investors and hedge funds own 87.96% of the company's stock.

Xylem Price Performance

Shares of NYSE:XYL traded up $0.64 on Thursday, hitting $132.35. The stock had a trading volume of 713,619 shares, compared to its average volume of 1,412,309. The firm's 50 day moving average price is $125.21 and its 200-day moving average price is $121.91. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.41 and a current ratio of 1.89. Xylem Inc. has a twelve month low of $100.47 and a twelve month high of $143.50. The company has a market capitalization of $32.21 billion, a price-to-earnings ratio of 35.58, a price-to-earnings-growth ratio of 2.38 and a beta of 1.12.

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

Xylem Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 26th. Investors of record on Thursday, May 29th were given a dividend of $0.40 per share. The ex-dividend date was Thursday, May 29th. This represents a $1.60 dividend on an annualized basis and a yield of 1.21%. Xylem's dividend payout ratio (DPR) is presently 43.01%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Raymond James Financial upgraded Xylem to a "hold" rating in a research report on Thursday, May 15th. Stifel Nicolaus boosted their price target on shares of Xylem from $140.00 to $141.00 and gave the company a "buy" rating in a report on Wednesday, April 30th. Royal Bank Of Canada raised their price objective on shares of Xylem from $143.00 to $147.00 and gave the stock an "outperform" rating in a report on Wednesday, April 30th. Citigroup lowered their target price on shares of Xylem from $152.00 to $134.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Finally, Robert W. Baird cut their price target 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. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $143.71.

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.