62,198 Shares of Xylem Inc. $XYL Bought by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. bought a new stake in Xylem Inc. (NYSE:XYL) during the third quarter, according to its most recent disclosure with the SEC. The institutional investor bought 62,198 shares of the industrial products company’s stock, valued at approximately $6,299,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Oregon Public Employees Retirement Fund lifted its stake in Xylem by 0.4% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 27,923 shares of the industrial products company’s stock valued at $3,337,000 after purchasing an additional 100 shares during the last quarter. Thrive Wealth Management LLC increased its position in Xylem by 2.1% during the second quarter. Thrive Wealth Management LLC now owns 5,032 shares of the industrial products company’s stock worth $595,000 after buying an additional 104 shares during the last quarter. World Investment Advisors increased its position in Xylem by 3.7% during the first quarter. World Investment Advisors now owns 3,319 shares of the industrial products company’s stock worth $397,000 after buying an additional 119 shares during the last quarter. Aventus Investment Advisors Inc. increased its position in Xylem by 66.7% during the second quarter. Aventus Investment Advisors Inc. now owns 300 shares of the industrial products company’s stock worth $35,000 after buying an additional 120 shares during the last quarter. Finally, Aprio Wealth Management LLC raised its stake in Xylem by 6.2% in the third quarter. Aprio Wealth Management LLC now owns 2,114 shares of the industrial products company’s stock valued at $214,000 after buying an additional 123 shares during the period. 87.96% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on XYL shares. Zacks Research lowered Xylem from a “hold” rating to a “strong sell” rating in a research note on Thursday, October 29th. Robert W. Baird set a $123.00 target price on Xylem in a research note on Wednesday, October 28th. Mizuho set a $99.00 target price on Xylem in a report on Wednesday, October 28th. Stifel Nicolaus decreased their target price on Xylem from $141.00 to $114.00 and set a “buy” rating on the stock in a report on Wednesday, October 28th. Finally, Weiss Ratings cut Xylem from a “hold (c)” rating to a “sell (d)” rating in a research note on Wednesday, October 28th. Nine equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, Xylem has an average rating of “Hold” and a consensus price target of $121.31.

Xylem Stock Performance

NYSE XYL opened at $100.03 on Friday. The stock has a market cap of $22.94 billion, a PE ratio of 22.13, a P/E/G ratio of 1.69 and a beta of 1.01. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.02 and a current ratio of 1.39. The firm has a 50-day moving average of $103.85 and a 200-day moving average of $116.68. Xylem Inc. has a 52-week low of $87.40 and a 52-week high of $152.43.

Xylem (NYSE:XYL) last announced its quarterly earnings results on Tuesday, October 27th. The industrial products company reported $1.44 EPS for the quarter, missing analysts’ consensus estimates of $1.45 by ($0.01). The company had revenue of $2.20 billion during the quarter, compared to analyst estimates of $2.28 billion. Xylem had a net margin of 11.94% and a return on equity of 12.06%. The firm’s quarterly revenue was down 3.0% on a year-over-year basis. During the same quarter last year, the company posted $1.37 EPS. On average, sell-side analysts anticipate that Xylem Inc. will post 5.45 EPS for the current year.

Xylem Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 24th. Stockholders of record on Thursday, August 27th were issued a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date was Thursday, August 27th. Xylem’s payout ratio is currently 38.05%.

Insider Activity

In other news, Director D Koch acquired 11,000 shares of Xylem stock in a transaction dated Thursday, October 29th. The stock was bought at an average price of $89.60 per share, for a total transaction of $985,600.00. Following the completion of the acquisition, the director directly owned 12,247 shares in the company, valued at approximately $1,097,331.20. The trade was a 882.12% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.32% of the stock is currently owned by corporate insiders.

Xylem Profile

Xylem Inc (NYSE: XYL) is a global water technology company that develops products and services for the transportation, treatment, testing and efficient use of water and wastewater. Its offerings support municipal water and wastewater utilities, industrial customers, commercial facilities and residential applications.

The company’s products and solutions include water and wastewater pumps, treatment systems, dewatering equipment, smart meters, monitoring and control technologies, leak detection tools, and data-driven analytics.