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

Mizuho Securities USA LLC raised its stake in Xylem Inc. (NYSE:XYL) by 46.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 23,026 shares of the industrial products company’s stock after purchasing an additional 7,276 shares during the period. Mizuho Securities USA LLC’s holdings in Xylem were worth $2,671,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Raymond James Trust N.A. raised its holdings in Xylem by 14.8% in the 3rd quarter. Raymond James Trust N.A. now owns 2,200 shares of the industrial products company’s stock valued at $297,000 after acquiring an additional 284 shares during the period. Great Valley Advisor Group Inc. grew its position in shares of Xylem by 18.7% in the third quarter. Great Valley Advisor Group Inc. now owns 4,134 shares of the industrial products company’s stock valued at $559,000 after purchasing an additional 652 shares during the last quarter. Cerity Partners LLC increased its stake 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 during the period. Algert Global LLC lifted its holdings in Xylem by 798.2% during the 3rd 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 last quarter. Finally, Daiwa Securities Group Inc. grew its holdings in Xylem by 21.3% in 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 buying an additional 16,658 shares in the last quarter. 87.96% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

Xylem Stock Performance

Shares of Xylem stock opened at $120.96 on Tuesday. The company has a current ratio of 1.76, a quick ratio of 1.33 and a debt-to-equity ratio of 0.19. The company has a market cap of $29.40 billion, a PE ratio of 33.05, a price-to-earnings-growth ratio of 2.33 and a beta of 1.08. The company has a 50 day moving average of $125.34 and a 200-day moving average of $126.05. Xylem Inc. has a 1-year low of $113.26 and a 1-year high of $146.08.

Xylem (NYSE:XYL) last released its earnings results on Tuesday, February 4th. The industrial products company reported $1.18 earnings per share for the quarter, topping the consensus estimate of $1.12 by $0.06. Xylem had a return on equity of 9.96% and a net margin of 10.40%. The firm had revenue of $2.30 billion during the quarter, compared to analysts’ expectations of $2.18 billion. During the same period in the prior year, the company earned $0.99 earnings per share. The company’s quarterly revenue was up 8.6% on a year-over-year basis. As a group, equities research analysts forecast that Xylem Inc. will post 4.65 earnings per share for the current fiscal year.

Xylem Increases Dividend

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

About Xylem

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.