Xylem Inc. (NYSE:XYL) Position Cut by Parallel Advisors LLC

Parallel Advisors LLC reduced its stake in shares of Xylem Inc. (NYSE:XYL) by 0.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 48,070 shares of the industrial products company’s stock after selling 197 shares during the quarter. Parallel Advisors LLC’s holdings in Xylem were worth $5,577,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of XYL. Clear Creek Financial Management LLC grew its holdings in Xylem by 4.3% during the fourth quarter. Clear Creek Financial Management LLC now owns 2,315 shares of the industrial products company’s stock worth $269,000 after acquiring an additional 96 shares during the period. Bleakley Financial Group LLC grew its stake in shares of Xylem by 2.3% in the 4th quarter. Bleakley Financial Group LLC now owns 4,359 shares of the industrial products company’s stock valued at $506,000 after buying an additional 96 shares in the last quarter. U.S. Capital Wealth Advisors LLC grew its stake in shares of Xylem by 1.3% in the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 7,868 shares of the industrial products company’s stock valued at $913,000 after buying an additional 98 shares in the last quarter. Mcrae Capital Management Inc. grew its stake in shares of Xylem by 2.9% in the 4th quarter. Mcrae Capital Management Inc. now owns 3,575 shares of the industrial products company’s stock valued at $415,000 after buying an additional 100 shares in the last quarter. Finally, Larson Financial Group LLC grew its stake in shares of Xylem by 24.0% in the 4th quarter. Larson Financial Group LLC now owns 521 shares of the industrial products company’s stock valued at $60,000 after buying an additional 101 shares in the last quarter. 87.96% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

XYL has been the subject of several recent research reports. Robert W. Baird boosted their price target on Xylem from $139.00 to $148.00 and gave the company an “outperform” rating in a research note on Wednesday, February 5th. Wolfe Research reaffirmed a “peer perform” rating on shares of Xylem in a research report on Thursday, December 12th. Stifel Nicolaus decreased their target price on Xylem from $166.00 to $150.00 and set a “buy” rating for the company in a research report on Friday, January 24th. Finally, Citigroup cut Xylem from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 5th. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $149.89.

Xylem Stock Performance

Shares of NYSE XYL opened at $123.09 on Tuesday. The company has a current ratio of 1.76, a quick ratio of 1.33 and a debt-to-equity ratio of 0.19. The business has a fifty day simple moving average of $124.86 and a 200 day simple moving average of $126.48. Xylem Inc. has a one year low of $113.26 and a one year high of $146.08. The firm has a market capitalization of $29.92 billion, a price-to-earnings ratio of 33.63, a PEG ratio of 2.33 and a beta of 1.08.

Xylem (NYSE:XYL) last announced its earnings results on Tuesday, February 4th. The industrial products company reported $1.18 EPS for the quarter, topping the consensus estimate of $1.12 by $0.06. The company had revenue of $2.30 billion for the quarter, compared to analysts’ expectations of $2.18 billion. Xylem had a return on equity of 9.96% and a net margin of 10.40%. The business’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.99 earnings per share. Sell-side analysts expect that Xylem Inc. will post 4.65 EPS for the current year.

Xylem Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Tuesday, February 18th will be issued a dividend of $0.40 per share. The ex-dividend date is Tuesday, February 18th. This represents a $1.60 dividend on an annualized basis and a yield of 1.30%. This is a boost from Xylem’s previous quarterly dividend of $0.36. Xylem’s dividend payout ratio (DPR) is 43.72%.

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.