Short Interest in Xylem Inc (NYSE:XYL) Increases By 20.3%

Xylem Inc (NYSE:XYL) was the recipient of a large growth in short interest in September. As of September 30th, there was short interest totalling 5,150,000 shares, a growth of 20.3% from the August 30th total of 4,280,000 shares. Approximately 2.9% of the company’s stock are sold short. Based on an average trading volume of 723,000 shares, the short-interest ratio is presently 7.1 days.

Shares of Xylem stock traded down $0.15 during midday trading on Monday, hitting $77.48. The company had a trading volume of 28,354 shares, compared to its average volume of 762,093. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.08 and a current ratio of 1.47. The stock has a market capitalization of $13.58 billion, a P/E ratio of 26.90, a P/E/G ratio of 1.45 and a beta of 1.19. The company has a 50 day moving average of $76.92 and a 200 day moving average of $78.95. Xylem has a 52-week low of $60.65 and a 52-week high of $85.39.

Xylem (NYSE:XYL) last posted its quarterly earnings results on Thursday, August 1st. The industrial products company reported $0.79 earnings per share for the quarter, hitting the consensus estimate of $0.79. Xylem had a return on equity of 19.23% and a net margin of 10.90%. The company had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.35 billion. During the same quarter in the prior year, the business posted $0.73 EPS. The firm’s quarterly revenue was up 2.1% compared to the same quarter last year. Equities research analysts forecast that Xylem will post 3.16 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 26th. Shareholders of record on Thursday, August 29th were paid a dividend of $0.24 per share. The ex-dividend date was Wednesday, August 28th. This represents a $0.96 annualized dividend and a yield of 1.24%. Xylem’s dividend payout ratio is 33.33%.

XYL has been the topic of several recent research reports. Zacks Investment Research downgraded Xylem from a “hold” rating to a “sell” rating and set a $82.00 price target on the stock. in a research note on Monday. Jefferies Financial Group initiated coverage on Xylem in a research note on Friday, September 20th. They issued a “buy” rating and a $90.00 price target on the stock. Credit Suisse Group downgraded Xylem from an “outperform” rating to a “neutral” rating in a research note on Friday, August 2nd. Finally, ValuEngine downgraded Xylem from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and eight have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $79.92.

In other news, insider Kenneth Napolitano sold 5,000 shares of the stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $75.23, for a total value of $376,150.00. Following the completion of the transaction, the insider now owns 46,228 shares of the company’s stock, valued at approximately $3,477,732.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Colin R. Sabol sold 4,099 shares of the stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $78.37, for a total value of $321,238.63. Following the completion of the transaction, the senior vice president now directly owns 33,518 shares of the company’s stock, valued at approximately $2,626,805.66. The disclosure for this sale can be found here. Insiders sold a total of 19,099 shares of company stock valued at $1,464,339 in the last three months. Corporate insiders own 0.85% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of XYL. Nuveen Asset Management LLC boosted its stake in Xylem by 10,814.6% during the 2nd quarter. Nuveen Asset Management LLC now owns 562,211 shares of the industrial products company’s stock valued at $47,024,000 after purchasing an additional 557,060 shares during the last quarter. Carlson Capital L P purchased a new stake in Xylem during the 2nd quarter valued at $33,456,000. DekaBank Deutsche Girozentrale boosted its stake in Xylem by 93.3% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 821,004 shares of the industrial products company’s stock valued at $67,272,000 after purchasing an additional 396,185 shares during the last quarter. Keybank National Association OH boosted its stake in Xylem by 520.4% during the 2nd quarter. Keybank National Association OH now owns 259,849 shares of the industrial products company’s stock valued at $21,734,000 after purchasing an additional 217,968 shares during the last quarter. Finally, Amundi Pioneer Asset Management Inc. boosted its stake in Xylem by 12.1% during the 2nd quarter. Amundi Pioneer Asset Management Inc. now owns 1,966,002 shares of the industrial products company’s stock valued at $486,505,000 after purchasing an additional 211,944 shares during the last quarter. Institutional investors and hedge funds own 84.55% of the company’s stock.

About Xylem

Xylem Inc engages in the design, manufacture, and servicing of engineered products and solutions for the water and wastewater applications. It operates in three segments: Water Infrastructure, Applied Water, and Measurement & Control Solutions. The Water Infrastructure segment offers various products, including water and wastewater pumps; controls and systems; filtration, disinfection, and biological treatment equipment; and mobile dewatering equipment under the Flygt, Godwin, Wedeco, Sanitaire, and Leopold names for the transportation and treatment of water.

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