Parallel Advisors LLC Has $5.17 Million Position in Xylem Inc. $XYL

Parallel Advisors LLC cut its stake in shares of Xylem Inc. (NYSE:XYL) by 9.2% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 43,273 shares of the industrial products company’s stock after selling 4,391 shares during the quarter. Parallel Advisors LLC’s holdings in Xylem were worth $5,171,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Callahan Advisors LLC bought a new stake in shares of Xylem during the fourth quarter worth about $1,721,000. Northwestern Mutual Wealth Management Co. raised its holdings in Xylem by 2,309.7% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 431,824 shares of the industrial products company’s stock valued at $54,314,000 after buying an additional 413,904 shares during the last quarter. Abacus Wealth Partners LLC acquired a new stake in Xylem during the 4th quarter worth approximately $1,663,000. Norges Bank acquired a new stake in Xylem during the 4th quarter worth approximately $361,012,000. Finally, MUFG Securities EMEA plc grew its holdings in Xylem by 608.1% during the 4th quarter. MUFG Securities EMEA plc now owns 32,990 shares of the industrial products company’s stock worth $4,493,000 after acquiring an additional 28,331 shares during the last quarter. Institutional investors own 87.96% of the company’s stock.

Xylem Stock Down 0.0%

Xylem stock opened at $122.12 on Thursday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.24 and a current ratio of 1.61. Xylem Inc. has a 52-week low of $105.29 and a 52-week high of $154.27. The firm has a 50 day moving average price of $115.87 and a two-hundred day moving average price of $121.57. The firm has a market cap of $28.51 billion, a price-to-earnings ratio of 29.08, a PEG ratio of 1.69 and a beta of 1.02.

Xylem (NYSE:XYL) last posted its quarterly earnings data on Tuesday, July 28th. The industrial products company reported $1.46 EPS for the quarter, beating analysts’ consensus estimates of $1.34 by $0.12. Xylem had a net margin of 11.15% and a return on equity of 11.77%. The company had revenue of $2.34 billion for the quarter, compared to analyst estimates of $2.34 billion. During the same period in the prior year, the firm posted $1.26 EPS. The company’s quarterly revenue was up 1.5% on a year-over-year basis. Xylem has set its FY 2026 guidance at 5.550-5.700 EPS. Equities analysts predict that Xylem Inc. will post 5.67 EPS for the current year.

Xylem Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, June 25th. Shareholders of record on Thursday, May 28th were given a dividend of $0.43 per share. The ex-dividend date of this dividend was Thursday, May 28th. This represents a $1.72 dividend on an annualized basis and a yield of 1.4%. Xylem’s dividend payout ratio is 40.95%.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. JPMorgan Chase & Co. decreased their price target on shares of Xylem from $170.00 to $160.00 and set an “overweight” rating for the company in a research report on Thursday, April 16th. Robert W. Baird boosted their price objective on shares of Xylem from $163.00 to $165.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 29th. Barclays increased their price objective on Xylem from $154.00 to $159.00 and gave the company an “overweight” rating in a report on Wednesday, July 29th. Oppenheimer lowered their target price on Xylem from $160.00 to $158.00 and set an “outperform” rating for the company in a research report on Wednesday, April 29th. Finally, Weiss Ratings downgraded Xylem from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, May 8th. Nine equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, Xylem currently has an average rating of “Moderate Buy” and a consensus price target of $154.00.

Xylem Company Profile

Xylem Inc (NYSE: XYL) is a global water technology company that designs, manufactures and services engineered systems and equipment for the transport, treatment, testing and efficient use of water. Its product portfolio spans pumps and pumping systems, valves, filtration and disinfection equipment, sensors and analytical instruments, and digital solutions for monitoring and control of water infrastructure. Xylem serves the full water cycle with offerings for water and wastewater utilities, industrial customers, commercial and residential buildings, and agricultural applications.

The company was established as an independent publicly traded company in 2011 following a corporate spin-off from ITT Corporation and is headquartered in Rye Brook, New York.