Xylem Inc (NYSE:XYL) Director Steven R. Loranger sold 17,139 shares of the firm’s stock in a transaction that occurred on Wednesday, December 20th. The shares were sold at an average price of $68.10, for a total transaction of $1,167,165.90. Following the completion of the transaction, the director now owns 26,150 shares in the company, valued at approximately $1,780,815. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Shares of Xylem Inc (XYL) traded down $0.07 during trading hours on Thursday, reaching $67.75. 647,954 shares of the company’s stock traded hands, compared to its average volume of 1,192,655. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.76 and a quick ratio of 1.26. Xylem Inc has a one year low of $46.67 and a one year high of $69.88. The firm has a market capitalization of $12,187.66, a P/E ratio of 29.63, a price-to-earnings-growth ratio of 1.89 and a beta of 1.17.
Xylem (NYSE:XYL) last issued its quarterly earnings data 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 net margin of 6.85% and a return on equity of 17.74%. The company had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.18 billion. During the same quarter last year, the company earned $0.54 earnings per share. Xylem’s revenue for the quarter was up 33.2% on a year-over-year basis. equities research analysts anticipate that Xylem Inc will post 2.39 EPS for the current year.
A number of large investors have recently modified their holdings of XYL. Chilton Investment Co. LLC grew its position in shares of Xylem by 83.8% during the second quarter. Chilton Investment Co. LLC now owns 983,214 shares of the industrial products company’s stock worth $54,500,000 after buying an additional 448,212 shares in the last quarter. Clinton Group Inc. acquired a new stake in shares of Xylem during the second quarter worth approximately $3,292,000. Swiss National Bank grew its position in shares of 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 buying an additional 18,200 shares in the last quarter. Ameriprise Financial Inc. grew its position in shares of 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 buying an additional 396,854 shares in the last quarter. Finally, Aviva PLC grew its position in shares of 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 buying an additional 1,280 shares in the last quarter. 85.09% of the stock is owned by institutional investors.
Several research firms recently commented on XYL. Oppenheimer raised their price target on shares of Xylem from $66.00 to $75.00 and gave the company an “outperform” rating in a report on Wednesday, November 1st. Cowen restated a “buy” rating and issued a $70.00 price target on shares of Xylem in a report on Thursday, September 21st. Boenning Scattergood restated an “outperform” rating on shares of Xylem in a report on Tuesday, September 5th. Canaccord Genuity restated a “hold” rating and issued a $65.00 price target on shares of Xylem in a report on Wednesday, November 1st. Finally, Seaport Global Securities restated a “buy” rating on shares of Xylem in a report on Wednesday, November 1st. Seven analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The stock presently has a consensus 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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