Xylem Inc. (NYSE:XYL) Short Interest Update

Xylem Inc. (NYSE:XYL) was the target of a significant drop in short interest in January. As of January 15th, there was short interest totaling 2,834,326 shares, a drop of 14.1% from the December 31st total of 3,301,375 shares. Approximately 1.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 1,198,811 shares, the days-to-cover ratio is presently 2.4 days. Based on an average daily trading volume, of 1,198,811 shares, the days-to-cover ratio is presently 2.4 days. Approximately 1.2% of the shares of the stock are sold short.

Xylem Trading Down 1.0%

NYSE XYL opened at $138.54 on Wednesday. The firm has a market capitalization of $33.73 billion, a PE ratio of 35.61, a price-to-earnings-growth ratio of 1.99 and a beta of 1.17. The business’s 50-day moving average price is $139.50 and its two-hundred day moving average price is $142.00. The company has a current ratio of 1.96, a quick ratio of 1.50 and a debt-to-equity ratio of 0.17. Xylem has a 12 month low of $100.47 and a 12 month high of $154.27.

Xylem Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 23rd. Stockholders of record on Tuesday, November 25th were given a dividend of $0.40 per share. The ex-dividend date was Tuesday, November 25th. This represents a $1.60 annualized dividend and a dividend yield of 1.2%. Xylem’s dividend payout ratio is 41.13%.

Institutional Trading of Xylem

Institutional investors have recently bought and sold shares of the company. SJS Investment Consulting Inc. raised its holdings in Xylem by 1,844.4% during the third quarter. SJS Investment Consulting Inc. now owns 175 shares of the industrial products company’s stock worth $26,000 after buying an additional 166 shares during the last quarter. Knuff & Co LLC bought a new stake in shares of Xylem during the third quarter worth about $27,000. Board of the Pension Protection Fund acquired a new stake in shares of Xylem in the 4th quarter worth about $27,000. Wexford Capital LP bought a new position in Xylem in the 3rd quarter valued at about $27,000. Finally, First Horizon Corp acquired a new position in Xylem during the 3rd quarter valued at about $30,000. Institutional investors own 87.96% of the company’s stock.

Analysts Set New Price Targets

XYL has been the subject of a number of research reports. TD Cowen reissued a “hold” rating on shares of Xylem in a report on Friday, December 5th. Wall Street Zen downgraded shares of Xylem from a “buy” rating to a “hold” rating in a research note on Saturday, December 27th. Robert W. Baird set a $178.00 target price on shares of Xylem in a research report on Wednesday, October 29th. Zacks Research downgraded shares of Xylem from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 18th. Finally, Mizuho dropped their price target on Xylem from $160.00 to $150.00 and set a “neutral” rating for the company in a research note on Monday, January 5th. Nine investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, Xylem has an average rating of “Moderate Buy” and a consensus price target of $165.80.

About Xylem

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.