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 the stock in a transaction dated Wednesday, November 8th. The shares were sold at an average price of $66.44, for a total transaction of $498,300.00. Following the completion of the sale, the director now directly owns 52,385 shares in the company, valued at $3,480,459.40. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.
Shares of Xylem Inc. (NYSE XYL) traded down $0.03 during mid-day trading on Monday, hitting $66.25. 504,000 shares of the stock traded hands, compared to its average volume of 1,246,918. The stock has a market cap of $11,898.50, a price-to-earnings ratio of 28.93, a P/E/G ratio of 1.85 and a beta of 1.16. Xylem Inc. has a 1-year low of $46.67 and a 1-year 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 announced its quarterly earnings data on Tuesday, October 31st. The industrial products company reported $0.65 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.64 by $0.01. The business had revenue of $1.20 billion for 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 was up 33.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.54 EPS. equities analysts expect that Xylem Inc. will post 2.39 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 6th. Stockholders of record on Thursday, November 2nd will be issued a dividend of $0.18 per share. The ex-dividend date is Wednesday, November 1st. This represents a $0.72 annualized dividend and a dividend yield of 1.09%. Xylem’s payout ratio is currently 41.86%.
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Several hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. raised its holdings in Xylem by 2.4% in the second quarter. Vanguard Group Inc. now owns 17,697,791 shares of the industrial products company’s stock valued at $980,989,000 after buying an additional 409,920 shares during the period. State Street Corp raised its holdings in Xylem by 11.5% in the second quarter. State Street Corp now owns 8,360,506 shares of the industrial products company’s stock valued at $460,211,000 after buying an additional 861,484 shares during the period. Pictet Asset Management Ltd. raised its holdings in Xylem by 7.9% in the second quarter. Pictet Asset Management Ltd. now owns 4,342,944 shares of the industrial products company’s stock valued at $226,441,000 after buying an additional 318,756 shares during the period. FMR LLC raised its holdings in Xylem by 7.7% in the second quarter. FMR LLC now owns 3,239,067 shares of the industrial products company’s stock valued at $179,541,000 after buying an additional 232,139 shares during the period. Finally, Impax Asset Management LTD raised its holdings in Xylem by 0.6% in the third quarter. Impax Asset Management LTD now owns 3,106,646 shares of the industrial products company’s stock valued at $194,569,000 after buying an additional 18,698 shares during the period. Institutional investors and hedge funds own 86.14% of the company’s stock.
Several equities research analysts have issued reports on the stock. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $71.00 price target (up from $64.00) on shares of Xylem in a research note on Wednesday, October 4th. Canaccord Genuity reaffirmed a “hold” rating and set a $50.00 price target on shares of Xylem in a research note on Friday, July 28th. Stifel Nicolaus reaffirmed a “hold” rating and set a $63.00 price target on shares of Xylem in a research note on Friday, October 13th. Zacks Investment Research raised shares of Xylem from a “hold” rating to a “buy” rating and set a $71.00 price target on the stock in a research note on Thursday, October 5th. Finally, Oppenheimer Holdings, Inc. reaffirmed a “buy” rating on shares of Xylem in a research note on Tuesday, October 31st. Six analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The company 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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