Xylem Inc. (NYSE:XYL) Short Interest Down 15.5% in May

Xylem Inc. (NYSE:XYL) saw a significant decrease in short interest in the month of May. As of May 31st, there was short interest totalling 3,660,000 shares, a decrease of 15.5% from the May 15th total of 4,330,000 shares. Based on an average daily trading volume, of 1,230,000 shares, the days-to-cover ratio is presently 3.0 days.

Insider Activity

In related news, CAO Geri-Michelle Mcshane sold 2,278 shares of the business’s stock in a transaction on Monday, June 10th. The shares were sold at an average price of $138.63, for a total value of $315,799.14. Following the sale, the chief accounting officer now directly owns 3,536 shares of the company’s stock, valued at approximately $490,195.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, SVP Rodney Aulick sold 21,800 shares of the stock in a transaction dated Wednesday, June 5th. The stock was sold at an average price of $139.01, for a total transaction of $3,030,418.00. Following the completion of the transaction, the senior vice president now directly owns 76,287 shares in the company, valued at $10,604,655.87. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Geri-Michelle Mcshane sold 2,278 shares of the business’s stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $138.63, for a total value of $315,799.14. Following the completion of the sale, the chief accounting officer now owns 3,536 shares in the company, valued at approximately $490,195.68. The disclosure for this sale can be found here. Corporate insiders own 0.27% of the company’s stock.

Institutional Investors Weigh In On Xylem

Hedge funds and other institutional investors have recently made changes to their positions in the stock. EverSource Wealth Advisors LLC grew its position in Xylem by 68.8% during the 1st quarter. EverSource Wealth Advisors LLC now owns 189 shares of the industrial products company’s stock worth $25,000 after acquiring an additional 77 shares during the last quarter. Bruce G. Allen Investments LLC bought a new stake in shares of Xylem during the fourth quarter worth about $27,000. FinTrust Capital Advisors LLC increased its stake in shares of Xylem by 170.9% in the first quarter. FinTrust Capital Advisors LLC now owns 317 shares of the industrial products company’s stock valued at $41,000 after buying an additional 200 shares during the period. Hazlett Burt & Watson Inc. grew its holdings in Xylem by 184.9% during the 1st quarter. Hazlett Burt & Watson Inc. now owns 339 shares of the industrial products company’s stock worth $43,000 after acquiring an additional 220 shares during the last quarter. Finally, Orion Capital Management LLC bought a new position in shares of Xylem during the third quarter valued at $48,000. 87.96% of the stock is owned by institutional investors.

Xylem Stock Down 1.9 %

Shares of XYL opened at $138.02 on Monday. The stock has a market capitalization of $33.46 billion, a PE ratio of 49.12, a P/E/G ratio of 2.44 and a beta of 1.07. Xylem has a 12 month low of $87.59 and a 12 month high of $146.08. The company has a current ratio of 1.67, a quick ratio of 1.22 and a debt-to-equity ratio of 0.19. The firm’s 50 day moving average is $136.66 and its 200-day moving average is $124.92.

Xylem (NYSE:XYL) last announced its quarterly earnings data on Thursday, May 2nd. The industrial products company reported $0.90 earnings per share for the quarter, beating the consensus estimate of $0.84 by $0.06. The firm had revenue of $2.03 billion during the quarter, compared to analysts’ expectations of $2 billion. Xylem had a return on equity of 8.95% and a net margin of 8.34%. The company’s quarterly revenue was up 40.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.72 EPS. Equities research analysts forecast that Xylem will post 4.25 EPS for the current year.

Xylem Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 27th. Shareholders of record on Thursday, May 30th will be given a dividend of $0.36 per share. The ex-dividend date of this dividend is Thursday, May 30th. This represents a $1.44 annualized dividend and a yield of 1.04%. Xylem’s dividend payout ratio is currently 51.25%.

Wall Street Analyst Weigh In

XYL has been the topic of a number of research reports. Argus boosted their price objective on shares of Xylem from $146.00 to $165.00 and gave the stock a “buy” rating in a research report on Wednesday, May 29th. Mizuho raised their price objective on Xylem from $110.00 to $135.00 and gave the company a “neutral” rating in a report on Friday, May 3rd. Robert W. Baird upped their target price on Xylem from $151.00 to $155.00 and gave the stock an “outperform” rating in a report on Friday, May 3rd. BNP Paribas began coverage on Xylem in a research report on Tuesday, March 12th. They set an “outperform” rating and a $150.00 price target for the company. Finally, Citigroup upped their price objective on Xylem from $126.00 to $139.00 and gave the stock a “neutral” rating in a research note on Monday, April 8th. Five analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $142.92.

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.