Xylem Inc. New shares had a trading volume of 1,917K by the end of trading on Tuesday. Trading volume was up 98.25% over the stocks average daily volume.
Traders are a little more bullish lately if you watch the change in short interest. The firm realized a fall in short interest of -2.89% as of the latest report on October 13, 2017. Short shares fell 119,602 over that timeframe. Days to cover increased 2.0 to 6.0 and the percentage of shorted shares is 0.02% as of October 13.
These funds have shifted positions in (XYL). Cornerstone Advisors, Inc. cut its holdings by selling 150 shares a decrease of 24.5% in the quarter. Cornerstone Advisors, Inc. claims 462 shares valued at $29,000. The value of the position overall is down by 14.7%. Fayerweather Charles grew its investment by buying 41 shares an increase of 4.2%. Fayerweather Charles owns 1,025 shares worth $64,000. The total value of its holdings increased 16.4%.
As of the end of the quarter Andra Ap-fonden had acquired a total of 11,700 shares growing its stake by 76.5%. The value of the investment in (XYL) went from $848,000 to $1,691,000 a change of 99.4% for the reporting period. As of quarter end Hemenway Trust Co LLC had bought 5,079 shares growing its position 9.3%. The value of the total investment in Xylem Inc. New increased from $3,042,000 to $3,755,000 a change of $713,000 quarter over quarter.
August 2 investment analysts at BMO Capital kept the company rating at “Outperform” and raised the price expectation to $65.00 from $60.00.
In the market the company is trading up by 2.92% percent from yesterday’s close. Additionally the company recently announced a dividend for shareholders to be paid on Wednesday the 6th of December 2017. The dividend payment will be $0.180 per share for the quarter which comes to $0.72 on an annualized basis. This dividend represents a yield of $1.11. The ex-dividend date is Tuesday the 29th of August 2017.
Company shares are trading at $66.53 which is marginally over the 50 day moving average of $64.09 and significantly above the 200 day moving average of $57.65. The 50 day moving average moved up $2.44 and the 200 day average was up $8.88.
Xylem Inc. New currently has a P/E ratio of 42.95 and the market cap is 11.95B. In the last earnings report the EPS was $1.55 and is expected to be $2.38 for the current year with 179,568,000 shares presently outstanding. Next quarter’s EPS is estimated at $0.76 and the next full year EPS is anticipated to be $2.73.
Xylem Inc., launched on May 4, 2011, is a water technology company. The Company designs, manufactures and services engineered solutions across a range of critical applications. The Company is an equipment and service provider for water and wastewater applications with a portfolio of products and services addressing the cycle of water, from collection, distribution and use to the return of water to the environment. The Company has three business segments: Water Infrastructure, Applied Water and Sensus. The Business’s portfolio of solutions addresses customer needs across the water cycle, from the delivery and use of drinking water to the collection and treatment of wastewater to the return of water to the environment. The Business’s applications in the areas of water equipment industry include transport, treatment, test, building services, industrial processing and irrigation. The Company sells its products in various countries through a distribution network consisting of direct sales force and independent channel partners..