Focus Partners Advisor Solutions LLC Buys Shares of 3,288 Xylem Inc. (NYSE:XYL)

Focus Partners Advisor Solutions LLC purchased a new stake in shares of Xylem Inc. (NYSE:XYL - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 3,288 shares of the industrial products company's stock, valued at approximately $381,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Impax Asset Management Group plc grew its position in Xylem by 231.5% during 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 during the last quarter. Norges Bank acquired a new stake in Xylem during the 4th quarter valued at $302,734,000. Northern Trust Corp grew its holdings in Xylem by 42.0% during the 4th quarter. Northern Trust Corp now owns 3,268,433 shares of the industrial products company's stock worth $379,204,000 after acquiring an additional 966,399 shares in the last quarter. AMF Tjanstepension AB acquired a new position in Xylem during the 4th quarter valued at approximately $96,658,000. Finally, Victory Capital Management Inc. grew its stake in shares of Xylem by 42.9% in the fourth quarter. Victory Capital Management Inc. now owns 2,326,024 shares of the industrial products company's stock worth $269,865,000 after purchasing an additional 698,745 shares in the last quarter. Hedge funds and other institutional investors own 87.96% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently commented on XYL shares. Citigroup lowered their price objective on shares of Xylem from $152.00 to $134.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Royal Bank of Canada raised their price objective on shares of Xylem from $143.00 to $147.00 and gave the company an "outperform" rating in a research note on Wednesday, April 30th. Robert W. Baird dropped their price objective on shares of Xylem from $149.00 to $146.00 and set an "outperform" rating on the stock in a report on Wednesday, April 30th. Stifel Nicolaus upped their price objective on Xylem from $140.00 to $141.00 and gave the company a "buy" rating in a research note on Wednesday, April 30th. Finally, Raymond James raised Xylem to a "hold" rating in a research report on Thursday, May 15th. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, Xylem has a consensus rating of "Moderate Buy" and a consensus target price of $146.88.

Xylem Trading Down 0.5%

XYL stock traded down $0.65 during trading on Wednesday, hitting $125.59. The company had a trading volume of 985,515 shares, compared to its average volume of 1,412,635. Xylem Inc. has a 52-week low of $100.47 and a 52-week high of $143.50. The company has a 50 day simple moving average of $117.75 and a 200-day simple moving average of $121.52. The company has a quick ratio of 1.33, a current ratio of 1.76 and a debt-to-equity ratio of 0.19. The firm has a market capitalization of $30.56 billion, a P/E ratio of 34.31, a PEG ratio of 2.33 and a beta of 1.10.

Xylem (NYSE:XYL - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The industrial products company reported $1.03 EPS for the quarter, beating analysts' consensus estimates of $0.95 by $0.08. Xylem had a net margin of 10.40% and a return on equity of 9.96%. The company had revenue of $2.07 billion during the quarter, compared to the consensus estimate of $2.04 billion. During the same quarter in the prior year, the firm earned $0.90 EPS. Xylem's quarterly revenue was up 1.8% on a year-over-year basis. As a group, research analysts forecast that Xylem Inc. will post 4.65 earnings per share for the current fiscal year.

Xylem Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 26th. Investors of record on Thursday, May 29th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.27%. The ex-dividend date of this dividend is Thursday, May 29th. Xylem's dividend payout ratio is currently 43.01%.

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.