Xylem Inc. (NYSE:XYL) Short Interest Update

Xylem Inc. (NYSE:XYL - Get Free Report) saw a significant decline in short interest in the month of May. As of May 15th, there was short interest totalling 2,580,000 shares, a decline of 16.8% from the April 30th total of 3,100,000 shares. Based on an average daily volume of 1,800,000 shares, the days-to-cover ratio is presently 1.4 days. Approximately 1.1% of the company's shares are sold short.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. JPMorgan Chase & Co. assumed coverage on Xylem in a research report on Friday, May 30th. They issued an "overweight" rating and a $148.00 target price on the stock. Stifel Nicolaus boosted their target price on Xylem from $140.00 to $141.00 and gave the company a "buy" rating in a research report on Wednesday, April 30th. Raymond James raised Xylem to a "hold" rating in a research report on Thursday, May 15th. Citigroup cut their target price on Xylem from $152.00 to $134.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Finally, Royal Bank of Canada upped their price objective on Xylem from $143.00 to $147.00 and gave the stock an "outperform" rating in a research report on Wednesday, April 30th. Three equities 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, the company has a consensus rating of "Moderate Buy" and an average target price of $143.71.

Xylem Stock Up 0.1%

XYL stock traded up $0.14 during trading on Thursday, reaching $126.87. The stock had a trading volume of 217,576 shares, compared to its average volume of 1,604,358. The company has a market capitalization of $30.87 billion, a P/E ratio of 34.66, a PEG ratio of 2.33 and a beta of 1.10. The firm has a fifty day moving average price of $118.34 and a 200 day moving average price of $121.65. The company has a current ratio of 1.76, a quick ratio of 1.33 and a debt-to-equity ratio of 0.19. Xylem has a 1-year low of $100.47 and a 1-year high of $143.50.

Xylem (NYSE:XYL - Get Free Report) last issued its earnings results on Tuesday, April 29th. The industrial products company reported $1.03 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.95 by $0.08. The business had revenue of $2.07 billion for the quarter, compared to analyst estimates of $2.04 billion. Xylem had a net margin of 10.40% and a return on equity of 9.96%. The company's revenue for the quarter was up 1.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.90 EPS. On average, equities analysts anticipate that Xylem will post 4.65 earnings per share for the current year.

Xylem Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 26th. Stockholders of record on Thursday, May 29th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.26%. The ex-dividend date of this dividend is Thursday, May 29th. Xylem's dividend payout ratio (DPR) is presently 43.01%.

Institutional Trading of Xylem

Large investors have recently added to or reduced their stakes in the business. Valley National Advisers Inc. lifted its position in shares of Xylem by 84.9% in the 1st quarter. Valley National Advisers Inc. now owns 220 shares of the industrial products company's stock valued at $26,000 after acquiring an additional 101 shares in the last quarter. Perkins Coie Trust Co purchased a new stake in shares of Xylem in the 1st quarter valued at approximately $27,000. Lee Danner & Bass Inc. purchased a new stake in shares of Xylem in the 4th quarter valued at approximately $30,000. Rialto Wealth Management LLC purchased a new stake in shares of Xylem in the 4th quarter valued at approximately $31,000. Finally, Center for Financial Planning Inc. lifted its position in Xylem by 52.0% in the 1st quarter. Center for Financial Planning Inc. now owns 266 shares of the industrial products company's stock worth $32,000 after buying an additional 91 shares in the last quarter. 87.96% of the stock is currently owned by institutional investors.

About Xylem

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.