Parallel Advisors LLC Has $6.67 Million Stock Holdings in Xylem Inc. (NYSE:XYL)

Parallel Advisors LLC lowered its stake in Xylem Inc. (NYSE:XYL) by 1.8% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 49,180 shares of the industrial products company’s stock after selling 882 shares during the quarter. Parallel Advisors LLC’s holdings in Xylem were worth $6,670,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of XYL. Swedbank AB acquired a new stake in shares of Xylem in the 1st quarter valued at approximately $311,684,000. Norges Bank bought a new position in shares of Xylem in the 4th quarter valued at about $198,207,000. Artisan Partners Limited Partnership bought a new position in shares of Xylem in the 4th quarter valued at about $187,207,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its stake in shares of Xylem by 1,503.7% during the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,649,926 shares of the industrial products company’s stock worth $188,685,000 after purchasing an additional 1,547,043 shares during the last quarter. Finally, Kodai Capital Management LP bought a new stake in shares of Xylem in the 4th quarter valued at about $133,945,000. Institutional investors own 87.96% of the company’s stock.

Xylem Stock Performance

NYSE XYL opened at $130.83 on Friday. The firm has a 50-day moving average price of $133.88 and a two-hundred day moving average price of $133.89. Xylem Inc. has a 12-month low of $87.59 and a 12-month high of $146.08. The company has a market capitalization of $31.78 billion, a P/E ratio of 46.56, a P/E/G ratio of 2.31 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 (NYSE:XYL) last issued its quarterly earnings results on Tuesday, July 30th. The industrial products company reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.05 by $0.04. Xylem had a return on equity of 9.48% and a net margin of 9.11%. The business had revenue of $2.17 billion during the quarter, compared to analysts’ expectations of $2.14 billion. During the same period in the previous year, the company posted $0.98 earnings per share. The firm’s revenue for the quarter was up 26.0% compared to the same quarter last year. Analysts anticipate that Xylem Inc. will post 4.26 earnings per share for the current year.

Xylem Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 26th. Investors of record on Thursday, August 29th will be given a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.10%. The ex-dividend date of this dividend is Thursday, August 29th. Xylem’s payout ratio is currently 51.25%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on XYL shares. 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. TD Cowen reissued a “hold” rating and set a $138.00 target price on shares of Xylem in a report on Tuesday, September 3rd. Stifel Nicolaus increased their price target on Xylem from $170.00 to $172.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. Robert W. Baird lifted their price objective on shares of Xylem from $155.00 to $170.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 31st. Finally, UBS Group initiated coverage on shares of Xylem in a research report on Tuesday, August 13th. They issued a “buy” rating and a $165.00 price objective on the stock. Five investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, Xylem presently has a consensus 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.