Parnassus Investments CA reduced its position in shares of Xylem Inc. (NYSE:XYL) by 4.2% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,014,390 shares of the industrial products company’s stock after selling 266,601 shares during the quarter. Xylem comprises about 1.5% of Parnassus Investments CA’s portfolio, making the stock its 28th biggest position. Parnassus Investments CA owned 3.35% of Xylem worth $376,681,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its holdings in Xylem by 2.4% during the 2nd quarter. Vanguard Group Inc. now owns 17,697,791 shares of the industrial products company’s stock worth $980,989,000 after purchasing an additional 409,920 shares during the period. State Street Corp increased its holdings in Xylem by 11.5% during the 2nd quarter. State Street Corp now owns 8,360,506 shares of the industrial products company’s stock worth $460,211,000 after purchasing an additional 861,484 shares during the period. Pictet Asset Management Ltd. increased its holdings in Xylem by 7.9% during the 2nd quarter. Pictet Asset Management Ltd. now owns 4,342,944 shares of the industrial products company’s stock worth $226,441,000 after purchasing an additional 318,756 shares during the period. FMR LLC increased its holdings in Xylem by 7.7% during the 2nd quarter. FMR LLC now owns 3,239,067 shares of the industrial products company’s stock worth $179,541,000 after purchasing an additional 232,139 shares during the period. Finally, Ameriprise Financial Inc. increased its holdings in Xylem by 17.0% during the 2nd quarter. Ameriprise Financial Inc. now owns 2,727,985 shares of the industrial products company’s stock worth $151,210,000 after purchasing an additional 396,854 shares during the period. Institutional investors own 86.49% of the company’s stock.

Several research analysts have commented on the company. Seaport Global Securities restated a “buy” rating on shares of Xylem in a report on Wednesday, November 1st. BMO Capital Markets raised their price objective on Xylem from $74.00 to $76.00 and gave the stock an “outperform” rating in a report on Wednesday, November 1st. Oppenheimer Holdings, Inc. raised their price objective on Xylem from $66.00 to $75.00 and gave the stock an “outperform” rating in a report on Wednesday, November 1st. Canaccord Genuity restated a “hold” rating and set a $65.00 price objective on shares of Xylem in a report on Wednesday, November 1st. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $63.00 price target on shares of Xylem in a report on Friday, October 13th. Six investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Xylem presently has a consensus rating of “Buy” and an average price target of $65.17.

Shares of Xylem Inc. (XYL) traded up $0.18 during mid-day trading on Monday, reaching $66.75. The company had a trading volume of 209,597 shares, compared to its average volume of 989,264. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.26 and a current ratio of 1.76. The stock has a market capitalization of $11,955.97, a PE ratio of 29.07, a P/E/G ratio of 1.86 and a beta of 1.16.

Xylem (NYSE:XYL) last announced its earnings results on Tuesday, October 31st. The industrial products company reported $0.65 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.64 by $0.01. Xylem had a return on equity of 17.74% and a net margin of 6.85%. The firm had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.18 billion. During the same period in the previous year, the business earned $0.54 EPS. The firm’s revenue for the quarter was up 33.2% on a year-over-year basis. research analysts predict that Xylem Inc. will post 2.39 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 6th. Investors of record on Thursday, November 2nd will be paid a dividend of $0.18 per share. The ex-dividend date of this dividend is Wednesday, November 1st. This represents a $0.72 annualized dividend and a yield of 1.08%. Xylem’s dividend payout ratio (DPR) is 41.86%.

In related news, insider Kenneth Napolitano sold 9,052 shares of the business’s stock in a transaction on Wednesday, August 9th. The stock was sold at an average price of $60.16, for a total transaction of $544,568.32. Following the transaction, the insider now directly owns 35,303 shares in the company, valued at approximately $2,123,828.48. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 0.75% of the stock is owned by insiders.

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Xylem Profile

Xylem Inc is a water technology company. The Company designs, manufactures and services engineered solutions across a range of critical applications. It is an equipment and service provider for water and wastewater applications with a portfolio of products and services addressing the cycle of water, from collection, distribution and use to the return of water to the environment.

Institutional Ownership by Quarter for Xylem (NYSE:XYL)

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