Xylem Inc (XYL) Director Sells $570,427.96 in Stock
Xylem Inc (NYSE:XYL) Director Curtis J. Crawford sold 7,948 shares of the stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $71.77, for a total value of $570,427.96. Following the completion of the sale, the director now owns 55,245 shares in the company, valued at approximately $3,964,933.65. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.
Xylem Inc (NYSE:XYL) opened at $72.77 on Wednesday. The company has a quick ratio of 1.41, a current ratio of 1.88 and a debt-to-equity ratio of 0.87. Xylem Inc has a 1-year low of $46.95 and a 1-year high of $76.81. The company has a market capitalization of $13,070.00, a price-to-earnings ratio of 39.77, a price-to-earnings-growth ratio of 1.35 and a beta of 1.20.
Xylem (NYSE:XYL) last issued its quarterly earnings data on Thursday, February 1st. The industrial products company reported $0.76 EPS for the quarter, meeting analysts’ consensus estimates of $0.76. Xylem had a return on equity of 17.95% and a net margin of 7.03%. The firm had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.27 billion. During the same period in the prior year, the firm posted $0.66 EPS. The company’s revenue for the quarter was up 16.6% on a year-over-year basis. equities research analysts predict that Xylem Inc will post 2.91 earnings per share for the current year.
A number of hedge funds and other institutional investors have recently modified their holdings of XYL. Advisor Group Inc. grew its holdings in Xylem by 18.3% in the 2nd quarter. Advisor Group Inc. now owns 3,592 shares of the industrial products company’s stock valued at $198,000 after buying an additional 555 shares in the last quarter. The Manufacturers Life Insurance Company grew its holdings in Xylem by 4.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 214,427 shares of the industrial products company’s stock valued at $11,885,000 after buying an additional 9,278 shares in the last quarter. Nomura Holdings Inc. acquired a new position in Xylem in the 2nd quarter valued at $756,000. Koch Industries Inc. acquired a new position in Xylem in the 2nd quarter valued at $219,000. Finally, WINTON GROUP Ltd acquired a new position in Xylem in the 2nd quarter valued at $477,000. 85.07% of the stock is currently owned by hedge funds and other institutional investors.
A number of research firms recently weighed in on XYL. Zacks Investment Research cut Xylem from a “buy” rating to a “hold” rating in a research note on Tuesday. BMO Capital Markets restated a “buy” rating and issued a $86.00 price target on shares of Xylem in a research note on Friday, February 2nd. Seaport Global Securities restated a “buy” rating and issued a $83.00 price target on shares of Xylem in a research note on Friday, February 2nd. Oppenheimer increased their price target on Xylem to $82.00 and gave the company an “outperform” rating in a research note on Friday, February 2nd. Finally, Canaccord Genuity restated a “hold” rating and issued a $75.00 price target on shares of Xylem in a research note on Sunday, January 28th. Six investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Xylem presently has a consensus rating of “Buy” and an average target price of $70.08.
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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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