Xylem Inc. (XYL) Director Curtis J. Crawford Sells 7,500 Shares of Stock
Xylem Inc. (NYSE:XYL) Director Curtis J. Crawford sold 7,500 shares of the firm’s stock in a transaction dated Wednesday, November 8th. The shares were sold at an average price of $66.44, for a total value of $498,300.00. Following the transaction, the director now directly owns 52,385 shares in the company, valued at $3,480,459.40. The sale was disclosed in a document filed with the SEC, which is available at this link.
Xylem Inc. (NYSE:XYL) opened at $66.03 on Tuesday. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.26 and a current ratio of 1.76. Xylem Inc. has a 12 month low of $46.67 and a 12 month high of $67.64. The stock has a market capitalization of $11,898.50, a P/E ratio of 28.93, a PEG ratio of 1.85 and a beta of 1.16.
Xylem (NYSE:XYL) last posted its earnings results on Tuesday, October 31st. The industrial products company reported $0.65 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.64 by $0.01. Xylem had a return on equity of 17.74% and a net margin of 6.85%. The firm had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.18 billion. During the same period in the previous year, the firm earned $0.54 earnings per share. The business’s revenue was up 33.2% compared to the same quarter last year. sell-side analysts anticipate that Xylem Inc. will post 2.39 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 6th. Stockholders of record on Thursday, November 2nd will be paid a dividend of $0.18 per share. The ex-dividend date is Wednesday, November 1st. This represents a $0.72 annualized dividend and a dividend yield of 1.09%. Xylem’s dividend payout ratio (DPR) is presently 41.86%.
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Several institutional investors and hedge funds have recently bought and sold shares of XYL. Invictus RG purchased a new position in shares of Xylem during the third quarter valued at approximately $104,000. Harfst & Associates Inc. increased its stake in shares of Xylem by 26.1% during the second quarter. Harfst & Associates Inc. now owns 2,433 shares of the industrial products company’s stock valued at $134,000 after buying an additional 503 shares during the period. CENTRAL TRUST Co increased its stake in shares of Xylem by 160.3% during the second quarter. CENTRAL TRUST Co now owns 2,655 shares of the industrial products company’s stock valued at $146,000 after buying an additional 1,635 shares during the period. Tower Research Capital LLC TRC purchased a new position in shares of Xylem during the second quarter valued at approximately $168,000. Finally, FNY Partners Fund LP increased its stake in shares of Xylem by 2,700.0% during the third quarter. FNY Partners Fund LP now owns 2,800 shares of the industrial products company’s stock valued at $175,000 after buying an additional 2,700 shares during the period. 86.14% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities analysts recently weighed in on XYL shares. Royal Bank Of Canada reissued an “outperform” rating and set a $71.00 price objective (up from $64.00) on shares of Xylem in a report on Wednesday, October 4th. Canaccord Genuity reissued a “hold” rating and set a $50.00 price objective on shares of Xylem in a report on Friday, July 28th. Stifel Nicolaus reissued a “hold” rating and set a $63.00 price objective on shares of Xylem in a report on Friday, October 13th. Zacks Investment Research raised Xylem from a “hold” rating to a “buy” rating and set a $71.00 price objective on the stock in a report on Thursday, October 5th. Finally, Oppenheimer Holdings, Inc. reissued a “buy” rating on shares of Xylem in a report on Tuesday, October 31st. Six equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Xylem has an average rating of “Buy” and an average target price of $65.17.
Xylem Inc is a water technology company. The Company designs, manufactures and services engineered solutions across a range of critical applications. It 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.
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