Xylem Inc. (NYSE:XYL) Short Interest Update

Xylem Inc. (NYSE:XYL - Get Free Report) saw a significant decline in short interest in March. As of March 15th, there was short interest totalling 2,990,000 shares, a decline of 12.3% from the February 28th total of 3,410,000 shares. Based on an average trading volume of 1,420,000 shares, the short-interest ratio is currently 2.1 days. Approximately 1.2% of the shares of the stock are short sold.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on XYL shares. Wolfe Research restated a "peer perform" rating on shares of Xylem in a research note on Thursday, December 12th. Robert W. Baird boosted their price target on shares of Xylem from $139.00 to $148.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 5th. Citigroup downgraded shares of Xylem from a "strong-buy" rating to a "hold" rating in a report on Wednesday, February 5th. Finally, Stifel Nicolaus reduced their target price on Xylem from $166.00 to $150.00 and set a "buy" rating on the stock in a research note on Friday, January 24th. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, Xylem currently has an average rating of "Moderate Buy" and an average target price of $149.89.

Xylem Trading Down 6.8 %

Shares of NYSE:XYL traded down $8.11 during trading on Thursday, reaching $110.94. 2,755,583 shares of the company traded hands, compared to its average volume of 1,328,899. 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 52-week low of $110.90 and a 52-week high of $146.08. The firm has a market capitalization of $26.96 billion, a price-to-earnings ratio of 30.31, a P/E/G ratio of 2.33 and a beta of 1.08. The business's fifty day moving average is $125.38 and its 200-day moving average is $125.54.

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Xylem (NYSE:XYL - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The industrial products company reported $1.18 earnings per share for the quarter, beating the consensus estimate of $1.12 by $0.06. The business had revenue of $2.30 billion during the quarter, compared to analysts' expectations of $2.18 billion. Xylem had a net margin of 10.40% and a return on equity of 9.96%. The firm's revenue for the quarter was up 8.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.99 EPS. As a group, analysts forecast that Xylem will post 4.65 EPS for the current year.

Xylem Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Tuesday, February 18th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This is a positive change from Xylem's previous quarterly dividend of $0.36. This represents a $1.60 annualized dividend and a dividend yield of 1.44%. Xylem's payout ratio is currently 43.72%.

Institutional Investors Weigh In On Xylem

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. grew its holdings in shares of Xylem by 1.1% during the fourth quarter. Vanguard Group Inc. now owns 28,644,417 shares of the industrial products company's stock valued at $3,323,325,000 after buying an additional 303,854 shares during the last quarter. State Street Corp lifted its position in Xylem by 1.9% in the 3rd quarter. State Street Corp now owns 10,329,494 shares of the industrial products company's stock valued at $1,394,792,000 after acquiring an additional 189,820 shares in the last quarter. Geode Capital Management LLC boosted its stake in Xylem by 2.4% during the 4th quarter. Geode Capital Management LLC now owns 5,804,247 shares of the industrial products company's stock valued at $671,623,000 after purchasing an additional 135,492 shares during the last quarter. Impax Asset Management Group plc increased its holdings in shares of Xylem by 231.5% in the 4th quarter. Impax Asset Management Group plc now owns 5,561,661 shares of the industrial products company's stock worth $644,039,000 after purchasing an additional 3,883,845 shares in the last quarter. Finally, Royal Bank of Canada increased its holdings in shares of Xylem by 7.9% in the 4th quarter. Royal Bank of Canada now owns 4,369,804 shares of the industrial products company's stock worth $506,985,000 after purchasing an additional 320,500 shares in the last quarter. Hedge funds and other institutional investors own 87.96% of the company's stock.

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.