Steven R. Loranger Sells 200 Shares of Xylem Inc (XYL) Stock
Xylem Inc (NYSE:XYL) Director Steven R. Loranger sold 200 shares of Xylem stock in a transaction that occurred on Wednesday, December 13th. The shares were sold at an average price of $68.02, for a total value of $13,604.00. Following the sale, the director now directly owns 21,331 shares in the company, valued at $1,450,934.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Shares of Xylem Inc (NYSE:XYL) traded up $0.87 on Friday, hitting $67.57. The stock had a trading volume of 1,664,069 shares, compared to its average volume of 733,901. The firm has a market cap of $12,135.57, a P/E ratio of 29.51, a P/E/G ratio of 1.88 and a beta of 1.17. The company has a quick ratio of 1.26, a current ratio of 1.76 and a debt-to-equity ratio of 0.88. Xylem Inc has a fifty-two week low of $46.67 and a fifty-two week high of $69.88.
Xylem (NYSE:XYL) last posted its quarterly earnings data on Tuesday, October 31st. The industrial products company reported $0.65 earnings per share for the quarter, topping the 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 firm had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.18 billion. During the same quarter in the previous year, the company posted $0.54 EPS. Xylem’s revenue was up 33.2% on a year-over-year basis. sell-side analysts anticipate that Xylem Inc will post 2.39 EPS for the current fiscal year.
XYL has been the topic of a number of recent research reports. Zacks Investment Research raised Xylem from a “hold” rating to a “buy” rating and set a $71.00 price objective on the stock in a report on Thursday, October 5th. Robert W. Baird reaffirmed a “hold” rating and set a $67.00 price objective on shares of Xylem in a report on Wednesday, October 4th. Cowen reaffirmed a “buy” rating and set a $70.00 price objective on shares of Xylem in a report on Thursday, September 21st. Oppenheimer reaffirmed a “buy” rating on shares of Xylem in a report on Tuesday, October 31st. Finally, Seaport Global Securities reaffirmed a “buy” rating on shares of Xylem in a report on Wednesday, November 1st. Seven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $65.17.
A number of hedge funds have recently bought and sold shares of XYL. USS Investment Management Ltd bought a new position in Xylem in the 2nd quarter worth approximately $91,840,000. Janus Henderson Group PLC raised its position in shares of Xylem by 404.5% during the 2nd quarter. Janus Henderson Group PLC now owns 1,853,943 shares of the industrial products company’s stock valued at $102,758,000 after acquiring an additional 1,486,463 shares during the last quarter. Voya Investment Management LLC raised its position in shares of Xylem by 554.0% during the 2nd quarter. Voya Investment Management LLC now owns 1,242,748 shares of the industrial products company’s stock valued at $68,886,000 after acquiring an additional 1,052,719 shares during the last quarter. William Blair Investment Management LLC bought a new stake in shares of Xylem during the 2nd quarter valued at $48,151,000. Finally, State Street Corp raised its position in shares of Xylem by 11.5% during the 2nd quarter. State Street Corp now owns 8,360,506 shares of the industrial products company’s stock valued at $460,211,000 after acquiring an additional 861,484 shares during the last quarter. Hedge funds and other institutional investors own 85.57% of the company’s stock.
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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