Xylem Inc. $XYL Holdings Cut by Parnassus Investments LLC

Key Points

• Parnassus Investments LLC reduced its stake in Xylem Inc. by 7%, selling 51,826 shares, and now holds approximately 683,663 shares valued at $81.67 million.
• Multiple institutional investors have increased their holdings in Xylem, with notable increases from Lido Advisors LLC (15.7%) and Mercer Global Advisors Inc. ADV (50.9%) during the last quarter.
• Analysts have a positive outlook on Xylem, with a consensus rating of "Moderate Buy" and an average price target of $152.29, reflecting strong growth expectations.

Parnassus Investments LLC cut its holdings in shares of Xylem Inc. (NYSE:XYL - Free Report) by 7.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 683,663 shares of the industrial products company's stock after selling 51,826 shares during the quarter. Parnassus Investments LLC owned about 0.28% of Xylem worth $81,670,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Dynamic Advisor Solutions LLC purchased a new position in shares of Xylem during the 1st quarter worth about $694,000. Farther Finance Advisors LLC raised its stake in Xylem by 30.4% during the first quarter. Farther Finance Advisors LLC now owns 1,797 shares of the industrial products company's stock worth $215,000 after purchasing an additional 419 shares during the period. NBC Securities Inc. acquired a new position in shares of Xylem in the 1st quarter valued at $72,000. Cambridge Investment Research Advisors Inc. grew its stake in shares of Xylem by 19.4% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 27,215 shares of the industrial products company's stock valued at $3,251,000 after buying an additional 4,429 shares during the period. Finally, GAMMA Investing LLC increased its holdings in shares of Xylem by 29.1% during the 1st quarter. GAMMA Investing LLC now owns 4,241 shares of the industrial products company's stock worth $507,000 after buying an additional 956 shares during the last quarter. 87.96% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. UBS Group boosted their price target on Xylem from $164.00 to $168.00 and gave the company a "buy" rating in a research report on Tuesday, August 5th. Cowen reiterated a "hold" rating on shares of Xylem in a report on Tuesday, August 26th. Citigroup restated a "buy" rating and issued a $152.00 price target (up previously from $137.00) on shares of Xylem in a report on Monday, July 14th. Stifel Nicolaus boosted their price objective on shares of Xylem from $162.00 to $175.00 and gave the stock a "buy" rating in a research note on Friday, August 1st. Finally, Wall Street Zen raised shares of Xylem from a "hold" rating to a "buy" rating in a research note on Saturday, August 9th. Six equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $152.29.

Xylem Stock Down 0.9%

NYSE XYL traded down $1.31 during trading hours on Tuesday, reaching $140.25. 1,289,970 shares of the company traded hands, compared to its average volume of 1,451,288. The stock has a market capitalization of $34.14 billion, a PE ratio of 36.43, a PEG ratio of 2.45 and a beta of 1.09. The company has a current ratio of 1.90, a quick ratio of 1.43 and a debt-to-equity ratio of 0.17. Xylem Inc. has a 12 month low of $100.47 and a 12 month high of $145.33. The company has a 50 day moving average of $136.37 and a two-hundred day moving average of $126.90.

Xylem (NYSE:XYL - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The industrial products company reported $1.26 EPS for the quarter, topping the consensus estimate of $1.15 by $0.11. The business had revenue of $2.30 billion for the quarter, compared to analysts' expectations of $2.20 billion. Xylem had a net margin of 10.74% and a return on equity of 10.33%. The company's quarterly revenue was up 6.1% compared to the same quarter last year. During the same quarter last year, the company posted $1.09 earnings per share. Xylem has set its FY 2025 guidance at 4.700-4.850 EPS. As a group, equities analysts expect that Xylem Inc. will post 4.65 earnings per share for the current year.

Xylem Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 25th. Investors of record on Thursday, August 28th will be paid a dividend of $0.40 per share. The ex-dividend date is Thursday, August 28th. This represents a $1.60 annualized dividend and a yield of 1.1%. Xylem's dividend payout ratio (DPR) is 41.56%.

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.