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

Nissay Asset Management Corp Japan ADV lowered its position in shares of Xylem Inc. (NYSE:XYL) by 28.7% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm 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 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in XYL. Lee Danner & Bass Inc. purchased a new stake in shares of Xylem during the fourth quarter worth about $30,000. Rialto Wealth Management LLC bought a new position in Xylem during the 4th quarter valued at approximately $31,000. Heck Capital Advisors LLC purchased a new stake in Xylem in the 4th quarter worth approximately $36,000. Pathway Financial Advisers LLC lifted its holdings in Xylem by 122.4% in the 4th quarter. Pathway Financial Advisers LLC now owns 318 shares of the industrial products company’s stock worth $37,000 after buying an additional 175 shares during the period. Finally, SRS Capital Advisors Inc. grew its position in shares of Xylem by 69.5% in the 4th quarter. SRS Capital Advisors Inc. now owns 317 shares of the industrial products company’s stock worth $37,000 after buying an additional 130 shares during the last quarter. Hedge funds and other institutional investors own 87.96% of the company’s stock.

Wall Street Analysts Forecast Growth

XYL has been the subject of a number of research analyst reports. Royal Bank of Canada raised their price target on Xylem from $143.00 to $147.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 30th. Stifel Nicolaus upped their price objective on shares of Xylem from $140.00 to $141.00 and gave the stock a “buy” rating in a report on Wednesday, April 30th. Citigroup cut 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 decreased 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. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $146.88.

Xylem Trading Up 1.2%

Shares of NYSE XYL 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 has a debt-to-equity ratio of 0.19, a current ratio of 1.76 and a quick ratio of 1.33. The firm has a 50-day moving average of $117.10 and a 200 day moving average of $121.43. The stock has a market cap of $30.90 billion, a P/E ratio of 34.69, a price-to-earnings-growth 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 (EPS) for the quarter, beating the consensus estimate of $0.95 by $0.08. Xylem had a net margin of 10.40% and a return on equity of 9.96%. The firm had revenue of $2.07 billion during the quarter, compared to analyst estimates of $2.04 billion. During the same period last year, the business earned $0.90 earnings per share. The business’s revenue was up 1.8% on a year-over-year basis. As a group, sell-side analysts expect that Xylem Inc. will post 4.65 EPS for the current fiscal year.

Xylem Announces Dividend

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

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.