Curtis J. Crawford Sells 7,500 Shares of Xylem Inc. (XYL) Stock
Xylem Inc. (NYSE:XYL) Director Curtis J. Crawford sold 7,500 shares of Xylem stock in a transaction that occurred on Wednesday, November 8th. The stock was sold at an average price of $66.44, for a total transaction of $498,300.00. Following the completion of the transaction, the director now owns 52,385 shares in the company, valued at approximately $3,480,459.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Shares of Xylem Inc. (NYSE XYL) opened at $66.34 on Wednesday. The stock has a market cap of $11,858.99, a price-to-earnings ratio of 28.83, a price-to-earnings-growth ratio of 1.84 and a beta of 1.16. Xylem Inc. has a 52 week low of $46.67 and a 52 week high of $67.64. 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 (NYSE:XYL) last issued its earnings results on Tuesday, October 31st. The industrial products company reported $0.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.64 by $0.01. The company had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.18 billion. Xylem had a net margin of 6.85% and a return on equity of 17.74%. The company’s revenue for the quarter was up 33.2% on a year-over-year basis. During the same quarter last year, the business posted $0.54 EPS. equities research analysts expect that Xylem Inc. will post 2.39 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 6th. Shareholders of record on Thursday, November 2nd will be paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.09%. The ex-dividend date is Wednesday, November 1st. Xylem’s dividend payout ratio (DPR) is currently 41.86%.
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Several large investors have recently modified their holdings of the business. Cubist Systematic Strategies LLC acquired a new stake in shares of Xylem during the 3rd quarter valued at $3,544,000. Patten Group Inc. lifted its stake in shares of Xylem by 295.6% in the 3rd quarter. Patten Group Inc. now owns 127,490 shares of the industrial products company’s stock valued at $2,009,000 after purchasing an additional 95,259 shares during the last quarter. Highbridge Capital Management LLC acquired a new stake in shares of Xylem in the 3rd quarter valued at $254,000. Atlanta Capital Management Co. L L C lifted its stake in shares of Xylem by 18.4% in the 3rd quarter. Atlanta Capital Management Co. L L C now owns 788,824 shares of the industrial products company’s stock valued at $49,404,000 after purchasing an additional 122,608 shares during the last quarter. Finally, Chevy Chase Trust Holdings Inc. lifted its stake in shares of Xylem by 0.9% in the 3rd quarter. Chevy Chase Trust Holdings Inc. now owns 197,184 shares of the industrial products company’s stock valued at $12,349,000 after purchasing an additional 1,670 shares during the last quarter. 86.14% of the stock is owned by institutional investors.
A number of research firms recently commented on XYL. Seaport Global Securities reaffirmed a “buy” rating on shares of Xylem in a research note on Wednesday, November 1st. Canaccord Genuity reaffirmed a “hold” rating and issued a $65.00 price objective on shares of Xylem in a research note on Wednesday, November 1st. Oppenheimer Holdings, Inc. raised their price objective on shares of Xylem from $66.00 to $75.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 1st. BMO Capital Markets raised their price objective on shares of Xylem from $74.00 to $76.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 1st. Finally, Stifel Nicolaus reaffirmed a “hold” rating and issued a $63.00 price objective on shares of Xylem in a research note on Friday, October 13th. Six research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $65.17.
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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