Xylem Inc. (NYSE:XYL) Stake Raised by Tokio Marine Asset Management Co. Ltd.

Tokio Marine Asset Management Co. Ltd. increased its holdings in Xylem Inc. (NYSE:XYL) by 10.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,818 shares of the industrial products company’s stock after acquiring an additional 552 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in Xylem were worth $665,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of XYL. Bruce G. Allen Investments LLC purchased a new stake in Xylem in the 4th quarter worth about $27,000. NBC Securities Inc. purchased a new stake in Xylem in the 3rd quarter worth about $38,000. Orion Capital Management LLC acquired a new position in Xylem in the 3rd quarter worth about $48,000. Cary Street Partners Investment Advisory LLC increased its position in Xylem by 117.0% in the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 716 shares of the industrial products company’s stock worth $65,000 after purchasing an additional 386 shares during the last quarter. Finally, Gradient Investments LLC increased its position in Xylem by 28.6% in the 4th quarter. Gradient Investments LLC now owns 576 shares of the industrial products company’s stock worth $66,000 after purchasing an additional 128 shares during the last quarter. 87.96% of the stock is owned by hedge funds and other institutional investors.

Xylem Stock Performance

Shares of NYSE XYL opened at $132.40 on Friday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.30 and a current ratio of 1.76. The firm has a market cap of $32.09 billion, a price-to-earnings ratio of 48.68, a P/E/G ratio of 2.64 and a beta of 1.10. The business’s 50-day simple moving average is $127.73 and its 200-day simple moving average is $113.90. Xylem Inc. has a 52 week low of $87.59 and a 52 week high of $132.65.

Xylem (NYSE:XYL) last issued its quarterly earnings data on Tuesday, February 6th. The industrial products company reported $0.99 EPS for the quarter, beating analysts’ consensus estimates of $0.96 by $0.03. The business had revenue of $2.12 billion for the quarter, compared to analyst estimates of $2.05 billion. Xylem had a return on equity of 9.65% and a net margin of 8.27%. The firm’s revenue for the quarter was up 40.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.92 EPS. As a group, equities research analysts expect that Xylem Inc. will post 4.13 earnings per share for the current fiscal year.

Xylem Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 20th. Shareholders of record on Wednesday, February 21st were issued a $0.36 dividend. The ex-dividend date was Tuesday, February 20th. This represents a $1.44 dividend on an annualized basis and a yield of 1.09%. This is a positive change from Xylem’s previous quarterly dividend of $0.33. Xylem’s dividend payout ratio (DPR) is 52.94%.

Insider Buying and Selling at Xylem

In other Xylem news, CAO Geri-Michelle Mcshane sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $122.89, for a total value of $122,890.00. Following the sale, the chief accounting officer now owns 2,935 shares of the company’s stock, valued at approximately $360,682.15. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Xylem news, CAO Geri-Michelle Mcshane sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $122.89, for a total value of $122,890.00. Following the sale, the chief accounting officer now owns 2,935 shares of the company’s stock, valued at approximately $360,682.15. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Franz Cerwinka sold 2,408 shares of the firm’s stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $121.79, for a total value of $293,270.32. Following the completion of the sale, the senior vice president now directly owns 11,750 shares in the company, valued at approximately $1,431,032.50. The disclosure for this sale can be found here. Insiders own 0.27% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on XYL shares. Raymond James raised Xylem from an “underperform” rating to a “market perform” rating in a research report on Thursday, January 4th. BNP Paribas started coverage on Xylem in a research report on Tuesday, March 12th. They issued an “outperform” rating and a $150.00 target price on the stock. Royal Bank of Canada upped their target price on Xylem from $140.00 to $145.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 7th. Citigroup upped their target price on Xylem from $126.00 to $139.00 and gave the stock a “neutral” rating in a research report on Monday, April 8th. Finally, Robert W. Baird upped their target price on Xylem from $141.00 to $148.00 and gave the stock an “outperform” rating in a research report on Thursday, March 21st. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $138.11.

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.