Mizuho Securities USA LLC Has $2.67 Million Stock Position in Xylem Inc. (NYSE:XYL)

Mizuho Securities USA LLC lifted its stake in shares of Xylem Inc. (NYSE:XYL) by 46.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 23,026 shares of the industrial products company’s stock after buying an additional 7,276 shares during the period. Mizuho Securities USA LLC’s holdings in Xylem were worth $2,671,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Impax Asset Management Group plc increased its holdings in Xylem by 231.5% in the 4th quarter. Impax Asset Management Group plc now owns 5,561,661 shares of the industrial products company’s stock worth $644,039,000 after purchasing an additional 3,883,845 shares in the last quarter. AMF Tjanstepension AB bought a new position in Xylem in the 4th quarter valued at approximately $96,658,000. Victory Capital Management Inc. raised its holdings in Xylem by 42.9% in the 4th quarter. Victory Capital Management Inc. now owns 2,326,024 shares of the industrial products company’s stock valued at $269,865,000 after buying an additional 698,745 shares during the last quarter. Swedbank AB boosted its position in Xylem by 23.1% during the 4th quarter. Swedbank AB now owns 3,683,201 shares of the industrial products company’s stock worth $427,325,000 after buying an additional 691,618 shares during the period. Finally, Erste Asset Management GmbH bought a new stake in Xylem during the 3rd quarter worth approximately $68,593,000. 87.96% of the stock is currently owned by institutional investors.

Xylem Stock Up 2.1 %

Shares of Xylem stock opened at $120.96 on Tuesday. The firm has a market cap of $29.40 billion, a price-to-earnings ratio of 33.05, a PEG ratio of 2.33 and a beta of 1.08. The stock’s 50-day moving average is $125.34 and its 200 day moving average is $126.05. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.76 and a quick ratio of 1.33. Xylem Inc. has a one year low of $113.26 and a one year high of $146.08.

Xylem (NYSE:XYL) last announced its quarterly earnings data on Tuesday, February 4th. The industrial products company reported $1.18 EPS for the quarter, topping the consensus estimate of $1.12 by $0.06. Xylem had a net margin of 10.40% and a return on equity of 9.96%. The company had revenue of $2.30 billion during the quarter, compared to the consensus estimate of $2.18 billion. During the same quarter last year, the firm posted $0.99 EPS. The company’s quarterly revenue was up 8.6% on a year-over-year basis. Equities research analysts anticipate that Xylem Inc. will post 4.65 EPS for the current year.

Xylem Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Tuesday, February 18th were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $1.60 annualized dividend and a dividend yield of 1.32%. This is a positive change from Xylem’s previous quarterly dividend of $0.36. Xylem’s dividend payout ratio is currently 43.72%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Wolfe Research reiterated a “peer perform” rating on shares of Xylem in a report on Thursday, December 12th. Robert W. Baird lifted their target price on Xylem from $139.00 to $148.00 and gave the stock an “outperform” rating in a report on Wednesday, February 5th. Citigroup cut Xylem from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 5th. Finally, Stifel Nicolaus cut their price objective on Xylem from $166.00 to $150.00 and set a “buy” rating on the stock in a research note on Friday, January 24th. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $149.89.

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.