Sompo Asset Management Co. Ltd. Grows Stock Position in Xylem Inc. (NYSE:XYL)

Sompo Asset Management Co. Ltd. boosted its position in Xylem Inc. (NYSE:XYL) by 25.7% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 4,200 shares of the industrial products company’s stock after purchasing an additional 860 shares during the quarter. Sompo Asset Management Co. Ltd.’s holdings in Xylem were worth $570,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC raised its stake in Xylem by 68.8% in the 1st quarter. EverSource Wealth Advisors LLC now owns 189 shares of the industrial products company’s stock valued at $25,000 after purchasing an additional 77 shares during the last quarter. Mark Sheptoff Financial Planning LLC acquired a new position in Xylem in the 2nd quarter valued at about $33,000. Blue Trust Inc. raised its stake in Xylem by 1,185.7% in the 2nd quarter. Blue Trust Inc. now owns 270 shares of the industrial products company’s stock valued at $35,000 after purchasing an additional 249 shares during the last quarter. FinTrust Capital Advisors LLC increased its stake in shares of Xylem by 170.9% during the 1st quarter. FinTrust Capital Advisors LLC now owns 317 shares of the industrial products company’s stock valued at $41,000 after acquiring an additional 200 shares during the last quarter. Finally, Hazlett Burt & Watson Inc. increased its stake in shares of Xylem by 184.9% during the 1st quarter. Hazlett Burt & Watson Inc. now owns 339 shares of the industrial products company’s stock valued at $43,000 after acquiring an additional 220 shares during the last quarter. Institutional investors and hedge funds own 87.96% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Oppenheimer upped their price objective on shares of Xylem from $147.00 to $152.00 and gave the company an “outperform” rating in a research note on Friday, May 31st. Royal Bank of Canada increased their target price on shares of Xylem from $160.00 to $163.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 31st. TD Cowen reissued a “hold” rating and set a $138.00 target price on shares of Xylem in a research report on Tuesday, September 3rd. Robert W. Baird increased their target price on shares of Xylem from $155.00 to $170.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 31st. Finally, Stifel Nicolaus increased their target price on shares of Xylem from $170.00 to $172.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Five research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $147.54.

Xylem Stock Down 1.1 %

NYSE XYL opened at $134.81 on Friday. The stock has a market cap of $32.68 billion, a PE ratio of 47.98, a P/E/G ratio of 2.34 and a beta of 1.04. Xylem Inc. has a fifty-two week low of $87.59 and a fifty-two week high of $146.08. The business has a 50 day moving average price of $133.68 and a two-hundred day moving average price of $134.19. The company has a quick ratio of 1.33, a current ratio of 1.85 and a debt-to-equity ratio of 0.19.

Xylem (NYSE:XYL) last released its quarterly earnings results on Tuesday, July 30th. The industrial products company reported $1.09 earnings per share for the quarter, topping analysts’ consensus estimates of $1.05 by $0.04. The firm had revenue of $2.17 billion during the quarter, compared to analysts’ expectations of $2.14 billion. Xylem had a return on equity of 9.48% and a net margin of 9.11%. Xylem’s quarterly revenue was up 26.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.98 EPS. As a group, sell-side analysts predict that Xylem Inc. will post 4.26 EPS for the current fiscal year.

Xylem Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 26th. Stockholders of record on Thursday, August 29th will be paid a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 1.07%. The ex-dividend date of this dividend is Thursday, August 29th. Xylem’s dividend payout ratio (DPR) is currently 51.25%.

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.