Xylem Inc. (NYSE:XYL) Shares Acquired by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP boosted its stake in shares of Xylem Inc. (NYSE:XYL) by 8.3% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,474,033 shares of the industrial products company’s stock after purchasing an additional 113,571 shares during the quarter. Dimensional Fund Advisors LP owned approximately 0.61% of Xylem worth $199,930,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in XYL. EverSource Wealth Advisors LLC boosted its position in Xylem by 68.8% during the 1st quarter. EverSource Wealth Advisors LLC now owns 189 shares of the industrial products company’s stock valued at $25,000 after purchasing an additional 77 shares during the period. Blue Trust Inc. boosted its position in Xylem by 1,185.7% during the 2nd quarter. Blue Trust Inc. now owns 270 shares of the industrial products company’s stock valued at $35,000 after purchasing an additional 249 shares during the period. FinTrust Capital Advisors LLC boosted its position in Xylem by 170.9% during the 1st quarter. FinTrust Capital Advisors LLC now owns 317 shares of the industrial products company’s stock valued at $41,000 after purchasing an additional 200 shares during the period. Hazlett Burt & Watson Inc. boosted its position in Xylem by 184.9% during the 1st quarter. Hazlett Burt & Watson Inc. now owns 339 shares of the industrial products company’s stock valued at $43,000 after purchasing an additional 220 shares during the period. Finally, Redwood Wealth Management Group LLC acquired a new position in Xylem during the 2nd quarter valued at approximately $47,000. Institutional investors and hedge funds own 87.96% of the company’s stock.

Xylem Stock Up 2.6 %

Shares of Xylem stock opened at $136.29 on Friday. The stock’s fifty day moving average is $133.78 and its 200-day moving average is $134.07. The firm has a market capitalization of $33.10 billion, a PE ratio of 48.40, a price-to-earnings-growth ratio of 2.34 and a beta of 1.04. The company has a quick ratio of 1.33, a current ratio of 1.85 and a debt-to-equity ratio of 0.19. Xylem Inc. has a 12-month low of $87.59 and a 12-month high of $146.08.

Xylem (NYSE:XYL) last announced its earnings results on Tuesday, July 30th. The industrial products company reported $1.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.05 by $0.04. The company had revenue of $2.17 billion for the quarter, compared to analyst estimates of $2.14 billion. Xylem had a return on equity of 9.48% and a net margin of 9.11%. Xylem’s revenue for the quarter was up 26.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.98 earnings per share. Equities analysts anticipate that Xylem Inc. will post 4.26 earnings per share for the current year.

Xylem Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 26th. Investors of record on Thursday, August 29th will be paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 1.06%. The ex-dividend date of this dividend is Thursday, August 29th. Xylem’s dividend payout ratio is 51.25%.

Wall Street Analyst Weigh In

XYL has been the subject of a number of analyst reports. TD Cowen reiterated a “hold” rating and set a $138.00 price target on shares of Xylem in a research report on Tuesday, September 3rd. Oppenheimer boosted their price target on Xylem from $147.00 to $152.00 and gave the stock an “outperform” rating in a research report on Friday, May 31st. Royal Bank of Canada boosted their price target on Xylem from $160.00 to $163.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 31st. UBS Group initiated coverage on Xylem in a research report on Tuesday, August 13th. They set a “buy” rating and a $165.00 price target for the company. Finally, Argus boosted their price target on Xylem from $146.00 to $165.00 and gave the stock a “buy” rating in a research report on Wednesday, May 29th. Five analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $147.54.

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.