Xylem Inc (XYL) Director Steven R. Loranger Sells 200 Shares
Xylem Inc (NYSE:XYL) Director Steven R. Loranger sold 200 shares of the stock in a transaction that occurred on Wednesday, December 13th. The stock was sold at an average price of $68.02, for a total value of $13,604.00. Following the completion of the transaction, the director now owns 21,331 shares in the company, valued at approximately $1,450,934.62. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
Xylem Inc (XYL) traded up $0.87 during mid-day trading on Friday, hitting $67.57. The stock had a trading volume of 1,664,069 shares, compared to its average volume of 733,901. Xylem Inc has a 52 week low of $46.67 and a 52 week high of $69.88. The company has a quick ratio of 1.26, a current ratio of 1.76 and a debt-to-equity ratio of 0.88. The company has a market capitalization of $12,135.57, a price-to-earnings ratio of 29.51, a PEG ratio of 1.88 and a beta of 1.17.
Xylem (NYSE:XYL) last posted its earnings results on Tuesday, October 31st. The industrial products company reported $0.65 earnings per share for the quarter, beating the Zacks’ 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 company had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.18 billion. During the same quarter last year, the company earned $0.54 earnings per share. The company’s revenue for the quarter was up 33.2% on a year-over-year basis. research analysts expect that Xylem Inc will post 2.39 EPS for the current year.
Several brokerages have issued reports on XYL. Boenning Scattergood reiterated a “buy” rating on shares of Xylem in a report on Friday. Zacks Investment Research lowered Xylem from a “buy” rating to a “hold” rating in a report on Wednesday, December 6th. Canaccord Genuity reiterated a “hold” rating and issued a $65.00 price target on shares of Xylem in a report on Monday, December 11th. Seaport Global Securities reiterated a “buy” rating on shares of Xylem in a report on Wednesday, November 1st. Finally, Cowen reiterated a “buy” rating and issued a $70.00 price target on shares of Xylem in a report on Thursday, September 21st. Seven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $65.17.
Hedge funds have recently bought and sold shares of the company. Chilton Investment Co. LLC lifted its holdings in shares of Xylem by 83.8% in the second quarter. Chilton Investment Co. LLC now owns 983,214 shares of the industrial products company’s stock valued at $54,500,000 after purchasing an additional 448,212 shares in the last quarter. Clinton Group Inc. bought a new stake in Xylem during the second quarter worth $3,292,000. Swiss National Bank lifted its holdings in Xylem by 2.9% during the second quarter. Swiss National Bank now owns 653,822 shares of the industrial products company’s stock worth $36,241,000 after acquiring an additional 18,200 shares during the period. Ameriprise Financial Inc. lifted its holdings in Xylem by 17.0% during the second quarter. Ameriprise Financial Inc. now owns 2,727,985 shares of the industrial products company’s stock worth $151,210,000 after acquiring an additional 396,854 shares during the period. Finally, Aviva PLC lifted its holdings in Xylem by 1.2% during the second quarter. Aviva PLC now owns 112,110 shares of the industrial products company’s stock worth $6,214,000 after acquiring an additional 1,280 shares during the period. Institutional investors own 85.57% of the company’s stock.
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Xylem Company Profile
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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