Dynamic Advisor Solutions LLC Invests $694,000 in Xylem Inc. (NYSE:XYL)

Dynamic Advisor Solutions LLC bought a new stake in Xylem Inc. (NYSE:XYL - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 5,813 shares of the industrial products company's stock, valued at approximately $694,000.

Several other hedge funds have also recently added to or reduced their stakes in XYL. Vanguard Group Inc. increased its position in shares of Xylem by 1.1% in the 4th quarter. Vanguard Group Inc. now owns 28,644,417 shares of the industrial products company's stock valued at $3,323,325,000 after purchasing an additional 303,854 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Xylem by 2.4% during the fourth quarter. Geode Capital Management LLC now owns 5,804,247 shares of the industrial products company's stock worth $671,623,000 after purchasing an additional 135,492 shares in the last quarter. Impax Asset Management Group plc increased its holdings in Xylem by 231.5% in the fourth quarter. Impax Asset Management Group plc now owns 5,561,661 shares of the industrial products company's stock valued at $644,039,000 after buying an additional 3,883,845 shares during the last quarter. Royal Bank of Canada increased its holdings in Xylem by 7.9% in the fourth quarter. Royal Bank of Canada now owns 4,369,804 shares of the industrial products company's stock valued at $506,985,000 after buying an additional 320,500 shares during the last quarter. Finally, Invesco Ltd. raised its stake in Xylem by 9.8% in the fourth quarter. Invesco Ltd. now owns 4,009,907 shares of the industrial products company's stock valued at $465,229,000 after buying an additional 359,276 shares in the last quarter. Institutional investors and hedge funds own 87.96% of the company's stock.

Xylem Trading Down 0.2%

XYL opened at $125.07 on Thursday. 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 Inc. has a 52 week low of $100.47 and a 52 week high of $143.50. The business's 50 day moving average is $121.60 and its two-hundred day moving average is $121.76. The firm has a market cap of $30.44 billion, a price-to-earnings ratio of 33.62, a price-to-earnings-growth ratio of 2.28 and a beta of 1.13.

Xylem (NYSE:XYL - Get Free Report) last announced its earnings results on Tuesday, April 29th. The industrial products company reported $1.03 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.95 by $0.08. Xylem had a net margin of 10.54% and a return on equity of 10.12%. The business had revenue of $2.07 billion for the quarter, compared to analyst estimates of $2.04 billion. During the same period last year, the firm posted $0.90 earnings per share. The company's revenue for the quarter was up 1.8% compared to the same quarter last year. On average, research analysts predict that Xylem Inc. will post 4.65 EPS for the current year.

Xylem Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 26th. Stockholders of record on Thursday, May 29th will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Thursday, May 29th. This represents a $1.60 annualized dividend and a dividend yield of 1.28%. Xylem's dividend payout ratio (DPR) is 43.01%.

Wall Street Analyst Weigh In

XYL has been the subject of several analyst reports. Citigroup lowered their price objective on Xylem from $152.00 to $134.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Stifel Nicolaus upped their price target on Xylem from $140.00 to $141.00 and gave the company a "buy" rating in a report on Wednesday, April 30th. Robert W. Baird dropped their price target on shares of Xylem from $149.00 to $146.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 30th. JPMorgan Chase & Co. began coverage on shares of Xylem in a research report on Friday, May 30th. They set an "overweight" rating and a $148.00 price objective for the company. Finally, Royal Bank Of Canada upped their target price on shares of Xylem from $143.00 to $147.00 and gave the company an "outperform" rating in a report on Wednesday, April 30th. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $143.71.

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.

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