Parnassus Investments LLC Raises Holdings in Xylem Inc. (NYSE:XYL)

Parnassus Investments LLC boosted its holdings in shares of Xylem Inc. (NYSE:XYL - Free Report) by 29.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 735,489 shares of the industrial products company's stock after purchasing an additional 168,242 shares during the quarter. Parnassus Investments LLC owned about 0.30% of Xylem worth $85,331,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in XYL. Swedbank AB boosted its holdings in shares of Xylem by 22.8% during the 3rd quarter. Swedbank AB now owns 2,991,583 shares of the industrial products company's stock valued at $403,953,000 after purchasing an additional 554,609 shares during the last quarter. Impax Asset Management Group plc grew its holdings in Xylem by 1.0% during the 3rd quarter. Impax Asset Management Group plc now owns 1,677,816 shares of the industrial products company's stock valued at $226,555,000 after buying an additional 15,825 shares in the last quarter. Assetmark Inc. increased its stake in Xylem by 3,887.5% in the 3rd quarter. Assetmark Inc. now owns 319 shares of the industrial products company's stock worth $43,000 after acquiring an additional 311 shares during the last quarter. Covestor Ltd raised its holdings in shares of Xylem by 19.6% during the 3rd quarter. Covestor Ltd now owns 677 shares of the industrial products company's stock worth $91,000 after acquiring an additional 111 shares in the last quarter. Finally, Apollon Wealth Management LLC boosted its position in shares of Xylem by 7.0% during the 3rd quarter. Apollon Wealth Management LLC now owns 1,878 shares of the industrial products company's stock valued at $254,000 after acquiring an additional 123 shares during the last quarter. 87.96% of the stock is owned by hedge funds and other institutional investors.

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Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. Wolfe Research reaffirmed a "peer perform" rating on shares of Xylem in a research note on Thursday, December 12th. Robert W. Baird upped their target price on shares of Xylem from $139.00 to $148.00 and gave the company an "outperform" rating in a research report on Wednesday, February 5th. Stifel Nicolaus dropped their price target 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 lowered Xylem from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, February 5th. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, Xylem currently has a consensus rating of "Moderate Buy" and a consensus price target of $149.89.

Xylem Trading Down 1.8 %

Shares of XYL traded down $2.21 during mid-day trading on Tuesday, reaching $120.87. 1,346,585 shares of the company's stock traded hands, compared to its average volume of 1,209,674. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.76 and a quick ratio of 1.33. The stock's 50-day moving average is $124.86 and its two-hundred day moving average is $126.48. Xylem Inc. has a 12 month low of $113.26 and a 12 month high of $146.08. The stock has a market cap of $29.38 billion, a P/E ratio of 33.03, a P/E/G ratio of 2.33 and a beta of 1.08.

Xylem (NYSE:XYL - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The industrial products company reported $1.18 EPS for the quarter, beating the consensus estimate of $1.12 by $0.06. Xylem had a return on equity of 9.96% and a net margin of 10.40%. The company had revenue of $2.30 billion for the quarter, compared to the consensus estimate of $2.18 billion. During the same quarter in the prior year, the company posted $0.99 EPS. Xylem's quarterly revenue was up 8.6% on a year-over-year basis. Research analysts forecast that Xylem Inc. will post 4.65 earnings per share for the current fiscal year.

Xylem Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Tuesday, February 18th will be issued a dividend of $0.40 per share. This is a positive change from Xylem's previous quarterly dividend of $0.36. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $1.60 dividend on an annualized basis and a yield of 1.32%. Xylem's dividend payout ratio (DPR) is presently 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.