Nissay Asset Management Corp Japan ADV Sells 17,031 Shares of Xylem Inc. (NYSE:XYL)

Nissay Asset Management Corp Japan ADV cut its holdings in Xylem Inc. (NYSE:XYL) by 28.7% during the 4th quarter, HoldingsChannel.com reports. The fund owned 42,272 shares of the industrial products company’s stock after selling 17,031 shares during the period. Nissay Asset Management Corp Japan ADV’s holdings in Xylem were worth $4,968,000 as of its most recent SEC filing.

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

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on XYL. Stifel Nicolaus increased their price objective on shares of Xylem from $140.00 to $141.00 and gave the company a “buy” rating in a research report on Wednesday, April 30th. Robert W. Baird decreased their target price 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. Citigroup dropped their price target on Xylem from $152.00 to $134.00 and set a “buy” rating on the stock in a research note on Monday, April 14th. Finally, Royal Bank of Canada lifted their price objective on Xylem from $143.00 to $147.00 and gave the stock an “outperform” rating in a report on Wednesday, April 30th. Two 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.com, Xylem has an average rating of “Moderate Buy” and an average price target of $146.88.

Xylem Trading Up 1.2%

Shares of Xylem stock opened at $126.98 on Friday. Xylem Inc. has a 1-year low of $100.47 and a 1-year high of $146.08. The company’s fifty day simple moving average is $117.10 and its 200-day simple moving average is $121.43. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.76 and a quick ratio of 1.33. The stock has a market capitalization of $30.90 billion, a PE ratio of 34.69, a P/E/G ratio of 2.33 and a beta of 1.10.

Xylem (NYSE:XYL) last released its earnings results on Tuesday, April 29th. The industrial products company reported $1.03 earnings per share for the quarter, beating 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 the consensus estimate of $2.04 billion. During the same period in the previous year, the business earned $0.90 earnings per share. Xylem’s quarterly revenue was up 1.8% compared to the same quarter last year. As a group, equities analysts anticipate that Xylem Inc. will post 4.65 earnings per share for the current year.

Xylem Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 26th. Investors of record on Thursday, May 29th will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Thursday, May 29th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.26%. Xylem’s dividend payout ratio (DPR) is presently 43.01%.

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.