GAMMA Investing LLC Purchases 503,345 Shares of Xylem Inc. (NYSE:XYL)

GAMMA Investing LLC boosted its position in Xylem Inc. (NYSE:XYL - Free Report) by 15,322.5% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 506,630 shares of the industrial products company's stock after acquiring an additional 503,345 shares during the period. GAMMA Investing LLC owned 0.21% of Xylem worth $60,522,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in XYL. Dempze Nancy E raised its position in shares of Xylem by 0.3% in the fourth quarter. Dempze Nancy E now owns 25,761 shares of the industrial products company's stock valued at $2,989,000 after purchasing an additional 88 shares during the period. Townsquare Capital LLC lifted its position in shares of Xylem by 0.8% during the fourth quarter. Townsquare Capital LLC now owns 11,074 shares of the industrial products company's stock worth $1,285,000 after acquiring an additional 88 shares in the last quarter. Keel Point LLC raised its stake in shares of Xylem by 4.1% during the 4th quarter. Keel Point LLC now owns 2,371 shares of the industrial products company's stock valued at $275,000 after purchasing an additional 93 shares during the period. Clear Creek Financial Management LLC lifted its holdings in shares of Xylem by 4.3% in the fourth quarter. Clear Creek Financial Management LLC now owns 2,315 shares of the industrial products company's stock worth $269,000 after buying an additional 96 shares in the last quarter. Finally, Bleakley Financial Group LLC grew its stake in Xylem by 2.3% during the fourth quarter. Bleakley Financial Group LLC now owns 4,359 shares of the industrial products company's stock valued at $506,000 after acquiring an additional 96 shares in the last quarter. 87.96% of the stock is owned by hedge funds and other institutional investors.

Xylem Price Performance

Shares of NYSE XYL traded down $0.12 during trading hours on Thursday, reaching $126.61. 836,856 shares of the stock traded hands, compared to its average volume of 1,395,936. The company's 50-day simple moving average is $118.34 and its two-hundred day simple moving average is $121.65. The company has a market capitalization of $30.81 billion, a P/E ratio of 34.59, a price-to-earnings-growth ratio of 2.33 and a beta of 1.10. Xylem Inc. has a 52-week low of $100.47 and a 52-week high of $143.50. The company has a quick ratio of 1.33, a current ratio of 1.76 and a debt-to-equity ratio of 0.19.

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

Xylem Dividend Announcement

The business also recently announced 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 annualized dividend and a yield of 1.26%. The ex-dividend date is Thursday, May 29th. Xylem's dividend payout ratio is presently 43.01%.

Wall Street Analyst Weigh In

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

Xylem Company 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.