Mufg Securities Americas Inc. Takes Position in Xylem Inc. (NYSE:XYL)

Mufg Securities Americas Inc. bought a new position in shares of Xylem Inc. (NYSE:XYL - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 3,587 shares of the industrial products company's stock, valued at approximately $416,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Swedbank AB grew its holdings in Xylem by 23.1% during the fourth quarter. Swedbank AB now owns 3,683,201 shares of the industrial products company's stock worth $427,325,000 after acquiring an additional 691,618 shares during the period. Smartleaf Asset Management LLC increased its position in shares of Xylem by 31.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 575 shares of the industrial products company's stock valued at $67,000 after buying an additional 139 shares in the last quarter. Triodos Investment Management BV lifted its position in shares of Xylem by 12.7% during the 4th quarter. Triodos Investment Management BV now owns 234,000 shares of the industrial products company's stock valued at $27,149,000 after buying an additional 26,300 shares in the last quarter. Stoneridge Investment Partners LLC acquired a new stake in shares of Xylem in the fourth quarter valued at about $3,754,000. Finally, Allianz SE acquired a new stake in Xylem in the 4th quarter worth about $1,910,000. Institutional investors and hedge funds own 87.96% of the company's stock.

Xylem Stock Down 0.0%

XYL traded down $0.06 during trading hours on Monday, reaching $127.97. 786,660 shares of the stock traded hands, compared to its average volume of 1,415,457. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.76 and a quick ratio of 1.33. Xylem Inc. has a fifty-two week low of $100.47 and a fifty-two week high of $146.08. The firm's fifty day simple moving average is $117.18 and its two-hundred day simple moving average is $121.35. The company has a market cap of $31.14 billion, a price-to-earnings ratio of 34.96, a PEG ratio of 2.33 and a beta of 1.10.

Xylem (NYSE:XYL - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The industrial products company reported $1.03 earnings per share for the quarter, topping analysts' consensus estimates of $0.95 by $0.08. The company had revenue of $2.07 billion during the quarter, compared to analyst estimates of $2.04 billion. Xylem had a net margin of 10.40% and a return on equity of 9.96%. The business's revenue for the quarter was up 1.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.90 EPS. As a group, analysts forecast that Xylem Inc. will post 4.65 earnings per share for the current fiscal year.

Xylem Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 26th. Investors of record on Thursday, May 29th will be issued a $0.40 dividend. The ex-dividend date is Thursday, May 29th. This represents a $1.60 annualized dividend and a yield of 1.25%. Xylem's dividend payout ratio (DPR) is currently 43.01%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on XYL. Raymond James upgraded shares of Xylem to a "hold" rating in a research report on Thursday. Citigroup dropped their price target on shares of Xylem from $152.00 to $134.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Robert W. Baird lowered their price objective on Xylem from $149.00 to $146.00 and set an "outperform" rating for the company in a research report on Wednesday, April 30th. Royal Bank of Canada increased their target price on shares of Xylem from $143.00 to $147.00 and gave the stock an "outperform" rating in a research note on Wednesday, April 30th. Finally, Stifel Nicolaus boosted their price objective on Xylem from $140.00 to $141.00 and gave the company a "buy" rating in a report on Wednesday, April 30th. Three 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, Xylem has a consensus rating of "Moderate Buy" and an average target price of $146.88.

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.