Xylem Inc. (NYSE:XYL) Shares Sold by Dai ichi Life Insurance Company Ltd

Dai ichi Life Insurance Company Ltd lessened its holdings in shares of Xylem Inc. (NYSE:XYL) by 74.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 20,194 shares of the industrial products company’s stock after selling 58,159 shares during the quarter. Dai ichi Life Insurance Company Ltd’s holdings in Xylem were worth $2,727,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of XYL. Brown Brothers Harriman & Co. boosted its position in shares of Xylem by 12.5% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 973 shares of the industrial products company’s stock valued at $131,000 after acquiring an additional 108 shares during the last quarter. Boston Family Office LLC raised its holdings in shares of Xylem by 0.3% in the 3rd quarter. Boston Family Office LLC now owns 79,333 shares of the industrial products company’s stock valued at $10,712,000 after buying an additional 209 shares during the period. Daiwa Securities Group Inc. boosted its holdings in Xylem by 21.3% during the 3rd quarter. Daiwa Securities Group Inc. now owns 95,023 shares of the industrial products company’s stock valued at $12,830,000 after acquiring an additional 16,658 shares during the period. Algert Global LLC increased its stake in Xylem by 798.2% during the third quarter. Algert Global LLC now owns 31,481 shares of the industrial products company’s stock worth $4,251,000 after purchasing an additional 27,976 shares during the period. Finally, Cerity Partners LLC lifted its position in shares of Xylem by 22.9% during the third quarter. Cerity Partners LLC now owns 115,045 shares of the industrial products company’s stock worth $15,534,000 after purchasing an additional 21,464 shares in the last quarter. Hedge funds and other institutional investors own 87.96% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on XYL. Stifel Nicolaus raised their price target on shares of Xylem from $170.00 to $172.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. UBS Group initiated coverage on Xylem in a research note on Tuesday, August 13th. They set a “buy” rating and a $165.00 target price for the company. TD Cowen reduced their price target on Xylem from $138.00 to $125.00 and set a “hold” rating on the stock in a research report on Wednesday, November 6th. Robert W. Baird lowered their price objective on Xylem from $175.00 to $154.00 and set an “outperform” rating for the company in a research report on Friday, November 1st. Finally, Royal Bank of Canada reduced their target price on shares of Xylem from $163.00 to $162.00 and set an “outperform” rating on the stock in a report on Friday, November 1st. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Xylem has a consensus rating of “Moderate Buy” and a consensus target price of $149.64.

Xylem Price Performance

Shares of XYL opened at $125.60 on Thursday. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.96 and a quick ratio of 1.42. Xylem Inc. has a 1-year low of $102.63 and a 1-year high of $146.08. The stock has a market cap of $30.51 billion, a PE ratio of 36.73, a price-to-earnings-growth ratio of 2.29 and a beta of 1.05. The firm has a fifty day moving average price of $129.89 and a 200 day moving average price of $134.00.

Xylem (NYSE:XYL) last posted its earnings results on Thursday, October 31st. The industrial products company reported $1.11 earnings per share for the quarter, meeting the consensus estimate of $1.11. The business had revenue of $2.10 billion during the quarter, compared to the consensus estimate of $2.17 billion. Xylem had a return on equity of 9.61% and a net margin of 9.85%. The business’s quarterly revenue was up .2% on a year-over-year basis. During the same period in the previous year, the business earned $0.99 EPS. As a group, sell-side analysts anticipate that Xylem Inc. will post 4.23 EPS for the current year.

Xylem Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 24th. Stockholders of record on Tuesday, November 26th will be given a dividend of $0.36 per share. The ex-dividend date is Tuesday, November 26th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.15%. Xylem’s dividend payout ratio (DPR) is presently 42.11%.

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.