Xylem Inc. $XYL Shares Bought by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Xylem Inc. (NYSE:XYL) by 10.7% in the 3rd quarter, HoldingsChannel reports. The fund owned 39,945 shares of the industrial products company’s stock after buying an additional 3,851 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Xylem were worth $5,892,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. SJS Investment Consulting Inc. boosted its holdings in Xylem by 1,844.4% in the third quarter. SJS Investment Consulting Inc. now owns 175 shares of the industrial products company’s stock valued at $26,000 after purchasing an additional 166 shares in the last quarter. First Horizon Corp purchased a new stake in shares of Xylem during the 3rd quarter worth approximately $30,000. Grey Fox Wealth Advisors LLC purchased a new stake in shares of Xylem during the 3rd quarter worth approximately $34,000. Caldwell Trust Co acquired a new position in shares of Xylem in the 2nd quarter valued at $41,000. Finally, FWL Investment Management LLC purchased a new position in shares of Xylem in the 2nd quarter valued at $43,000. Institutional investors and hedge funds own 87.96% of the company’s stock.

Insiders Place Their Bets

In other Xylem news, Director Victoria D. Harker sold 1,700 shares of the business’s stock in a transaction on Tuesday, November 4th. The shares were sold at an average price of $148.14, for a total value of $251,838.00. Following the transaction, the director directly owned 16,875 shares of the company’s stock, valued at approximately $2,499,862.50. The trade was a 9.15% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.27% of the stock is currently owned by company insiders.

Xylem Stock Down 0.0%

XYL opened at $137.89 on Monday. Xylem Inc. has a 52 week low of $100.47 and a 52 week high of $154.27. The business has a 50 day moving average price of $139.60 and a two-hundred day moving average price of $141.90. The company has a quick ratio of 1.50, a current ratio of 1.96 and a debt-to-equity ratio of 0.17. The company has a market cap of $33.57 billion, a PE ratio of 35.45, a P/E/G ratio of 1.96 and a beta of 1.17.

Xylem Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 23rd. Investors of record on Tuesday, November 25th were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Tuesday, November 25th. This represents a $1.60 annualized dividend and a dividend yield of 1.2%. Xylem’s dividend payout ratio (DPR) is currently 41.13%.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. Robert W. Baird set a $178.00 price objective on shares of Xylem in a research note on Wednesday, October 29th. UBS Group upped their target price on Xylem from $168.00 to $175.00 and gave the company a “buy” rating in a research report on Thursday, November 6th. Zacks Research downgraded Xylem from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 18th. Royal Bank Of Canada boosted their price objective on Xylem from $169.00 to $176.00 and gave the company an “outperform” rating in a research note on Wednesday, October 29th. Finally, TD Cowen reissued a “hold” rating on shares of Xylem in a report on Friday, December 5th. Nine analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $165.80.

Xylem Profile

Xylem Inc (NYSE: XYL) is a global water technology company that designs, manufactures and services engineered systems and equipment for the transport, treatment, testing and efficient use of water. Its product portfolio spans pumps and pumping systems, valves, filtration and disinfection equipment, sensors and analytical instruments, and digital solutions for monitoring and control of water infrastructure. Xylem serves the full water cycle with offerings for water and wastewater utilities, industrial customers, commercial and residential buildings, and agricultural applications.

The company was established as an independent publicly traded company in 2011 following a corporate spin-off from ITT Corporation and is headquartered in Rye Brook, New York.