Dynamic Advisor Solutions LLC Buys New Stake in Xylem Inc. (NYSE:XYL)

Dynamic Advisor Solutions LLC purchased a new stake in shares of Xylem Inc. (NYSE:XYL - Free Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 5,813 shares of the industrial products company's stock, valued at approximately $694,000.

A number of other institutional investors have also recently made changes to their positions in XYL. Perkins Coie Trust Co bought a new position in Xylem during the first quarter valued at approximately $27,000. Lee Danner & Bass Inc. bought a new position in Xylem during the fourth quarter valued at approximately $30,000. Rialto Wealth Management LLC bought a new position in Xylem during the fourth quarter valued at approximately $31,000. Heck Capital Advisors LLC bought a new position in Xylem during the fourth quarter valued at approximately $36,000. Finally, SRS Capital Advisors Inc. lifted its position in Xylem by 69.5% during the fourth quarter. SRS Capital Advisors Inc. now owns 317 shares of the industrial products company's stock valued at $37,000 after purchasing an additional 130 shares during the period. Hedge funds and other institutional investors own 87.96% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on XYL shares. Raymond James Financial upgraded shares of Xylem to a "hold" rating in a research report on Thursday, May 15th. Robert W. Baird decreased their price target on shares of Xylem from $149.00 to $146.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 30th. Stifel Nicolaus increased their price target on shares of Xylem from $140.00 to $141.00 and gave the stock a "buy" rating in a research report on Wednesday, April 30th. Royal Bank Of Canada increased their price target on shares of Xylem from $143.00 to $147.00 and gave the stock an "outperform" rating in a research report on Wednesday, April 30th. Finally, JPMorgan Chase & Co. assumed coverage on shares of Xylem in a research report on Friday, May 30th. They issued an "overweight" rating and a $148.00 price target on the stock. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $143.71.

Xylem Stock Performance

XYL traded down $0.67 during trading on Friday, hitting $124.46. The company's stock had a trading volume of 2,027,333 shares, compared to its average volume of 1,403,160. The firm has a market cap of $30.29 billion, a PE ratio of 33.46, a P/E/G ratio of 2.27 and a beta of 1.13. Xylem Inc. has a one year low of $100.47 and a one year high of $143.50. The business's 50 day simple moving average is $122.26 and its 200-day simple moving average is $121.68. The company has a quick ratio of 1.41, a current ratio of 1.89 and a debt-to-equity ratio of 0.18.

Xylem (NYSE:XYL - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The industrial products company reported $1.03 EPS for the quarter, beating the consensus estimate of $0.95 by $0.08. The firm had revenue of $2.07 billion for the quarter, compared to the consensus estimate of $2.04 billion. Xylem had a net margin of 10.54% and a return on equity of 10.12%. The company's revenue was up 1.8% on a year-over-year basis. During the same period last year, the firm earned $0.90 EPS. As a group, sell-side analysts predict that Xylem Inc. will post 4.65 EPS for the current fiscal year.

Xylem Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 26th. Stockholders of record on Thursday, May 29th will be given a dividend of $0.40 per share. The ex-dividend date is Thursday, May 29th. This represents a $1.60 annualized dividend and a dividend yield of 1.29%. Xylem's payout ratio is 43.01%.

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.