Xylem Inc. (NYSE:XYL) Director Sells $659,800.00 in Stock

Xylem Inc. (NYSE:XYL) Director Markos I. Tambakeras sold 5,000 shares of the stock in a transaction dated Monday, September 13th. The shares were sold at an average price of $131.96, for a total transaction of $659,800.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

NYSE XYL traded up $1.72 during mid-day trading on Wednesday, reaching $134.21. 9,537 shares of the stock were exchanged, compared to its average volume of 882,164. Xylem Inc. has a 1-year low of $80.95 and a 1-year high of $138.78. The business’s fifty day simple moving average is $128.65 and its 200 day simple moving average is $117.50. The stock has a market capitalization of $24.18 billion, a PE ratio of 63.58, a PEG ratio of 4.19 and a beta of 1.03. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.52 and a current ratio of 1.85.

Xylem (NYSE:XYL) last announced its earnings results on Tuesday, August 3rd. The industrial products company reported $0.66 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.63 by $0.03. Xylem had a net margin of 7.40% and a return on equity of 16.21%. The firm had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.32 billion. During the same quarter last year, the business earned $0.40 earnings per share. Xylem’s revenue was up 16.5% compared to the same quarter last year. On average, analysts anticipate that Xylem Inc. will post 2.67 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 23rd. Investors of record on Thursday, August 26th will be given a dividend of $0.28 per share. The ex-dividend date is Wednesday, August 25th. This represents a $1.12 dividend on an annualized basis and a yield of 0.83%. Xylem’s dividend payout ratio (DPR) is currently 54.37%.

A number of research analysts have issued reports on the stock. Credit Suisse Group increased their target price on shares of Xylem from $97.00 to $110.00 and gave the company an “underperform” rating in a report on Wednesday, August 4th. Royal Bank of Canada increased their target price on shares of Xylem from $127.00 to $140.00 and gave the company an “outperform” rating in a report on Wednesday, August 4th. Rosenblatt Securities increased their target price on shares of Xylem from $130.00 to $140.00 and gave the company a “buy” rating in a report on Thursday, August 5th. Argus started coverage on shares of Xylem in a report on Friday, June 18th. They issued a “buy” rating and a $140.00 target price for the company. Finally, Citigroup increased their price target on shares of Xylem from $117.00 to $131.00 and gave the company a “neutral” rating in a research report on Wednesday, August 4th. They noted that the move was a valuation call. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, Xylem has an average rating of “Hold” and a consensus target price of $115.36.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Clean Yield Group acquired a new position in shares of Xylem in the 2nd quarter valued at $31,000. Harbour Investments Inc. acquired a new position in shares of Xylem in the 1st quarter valued at $32,000. E Fund Management Co. Ltd. acquired a new position in shares of Xylem in the 1st quarter valued at $33,000. CSat Investment Advisory L.P. boosted its holdings in shares of Xylem by 30.7% in the 1st quarter. CSat Investment Advisory L.P. now owns 439 shares of the industrial products company’s stock valued at $46,000 after purchasing an additional 103 shares during the last quarter. Finally, Farmers & Merchants Trust Co of Chambersburg PA boosted its holdings in shares of Xylem by 247.9% in the 2nd quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 421 shares of the industrial products company’s stock valued at $51,000 after purchasing an additional 300 shares during the last quarter. Hedge funds and other institutional investors own 83.77% of the company’s stock.

About Xylem

Xylem, Inc engages in the design, manufacture, and application of engineered technologies for the water industry. It operates through following business segments: Water Infrastructure, Applied Water, and Measurement and Control Solutions. The Water Infrastructure segment focuses on the transportation, treatment and testing of water.

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