Xylem Inc (XYL) Insider Tomas Brannemo Sells 2,260 Shares of Stock

Xylem Inc (NYSE:XYL) insider Tomas Brannemo sold 2,260 shares of Xylem stock in a transaction on Tuesday, December 19th. The stock was sold at an average price of $67.75, for a total transaction of $153,115.00. Following the sale, the insider now owns 10,975 shares in the company, valued at $743,556.25. The sale was disclosed in a document filed with the SEC, which is available through this link.

Shares of Xylem Inc (NYSE:XYL) traded down $0.07 during trading on Thursday, reaching $67.75. 647,954 shares of the company’s stock traded hands, compared to its average volume of 1,192,655. Xylem Inc has a 52 week low of $46.67 and a 52 week high of $69.88. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.76 and a quick ratio of 1.26. The stock has a market cap of $12,187.66, a P/E ratio of 29.63, a P/E/G 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, topping 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 for the quarter, compared to the consensus estimate of $1.18 billion. During the same period last year, the firm posted $0.54 EPS. Xylem’s revenue for the quarter was up 33.2% on a year-over-year basis. sell-side analysts anticipate that Xylem Inc will post 2.39 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 6th. Stockholders of record on Thursday, November 2nd were issued a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 1.06%. The ex-dividend date was Wednesday, November 1st. Xylem’s payout ratio is 41.86%.

Several equities research analysts recently commented on XYL shares. Stifel Nicolaus reiterated a “hold” rating and set a $63.00 price target on shares of Xylem in a research note on Tuesday, September 5th. Boenning Scattergood reissued an “outperform” rating on shares of Xylem in a research report on Tuesday, September 5th. Cowen reissued a “buy” rating and set a $70.00 price objective on shares of Xylem in a research report on Thursday, September 21st. Robert W. Baird reissued a “hold” rating and set a $67.00 price objective on shares of Xylem in a research report on Wednesday, October 4th. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $71.00 price objective (up from $64.00) on shares of Xylem in a research report on Wednesday, October 4th. Seven analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $65.17.

Several large investors have recently modified their holdings of XYL. Invictus RG purchased a new stake in shares of Xylem in the third quarter valued at about $104,000. Harfst & Associates Inc. boosted its holdings in shares of Xylem by 26.1% in the second quarter. Harfst & Associates Inc. now owns 2,433 shares of the industrial products company’s stock valued at $134,000 after acquiring an additional 503 shares in the last quarter. Tower Research Capital LLC TRC purchased a new stake in shares of Xylem in the second quarter valued at about $168,000. FNY Partners Fund LP boosted its holdings in shares of Xylem by 2,700.0% in the third quarter. FNY Partners Fund LP now owns 2,800 shares of the industrial products company’s stock valued at $175,000 after acquiring an additional 2,700 shares in the last quarter. Finally, Federated Investors Inc. PA boosted its holdings in shares of Xylem by 5.8% in the second quarter. Federated Investors Inc. PA now owns 3,286 shares of the industrial products company’s stock valued at $182,000 after acquiring an additional 181 shares in the last quarter. 85.09% of the stock is currently owned by institutional investors and hedge funds.

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About Xylem

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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