Xylem Inc (NYSE:XYL) Director Steven R. Loranger sold 47,712 shares of the stock in a transaction dated Monday, December 18th. The stock was sold at an average price of $68.10, for a total transaction of $3,249,187.20. Following the transaction, the director now directly owns 68,843 shares of the company’s stock, valued at approximately $4,688,208.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Shares of Xylem Inc (NYSE XYL) traded up $0.33 during trading hours on Tuesday, reaching $67.90. 1,088,100 shares of the company traded hands, compared to its average volume of 1,199,436. The firm has a market capitalization of $12,135.57, a PE ratio of 29.51, a price-to-earnings-growth ratio of 1.88 and a beta of 1.17. Xylem Inc has a 52-week low of $46.67 and a 52-week high of $69.88. The company has a current ratio of 1.76, a quick ratio of 1.26 and a debt-to-equity ratio of 0.88.

Xylem (NYSE:XYL) last issued its earnings results on Tuesday, October 31st. The industrial products company reported $0.65 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.64 by $0.01. The firm had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.18 billion. Xylem had a net margin of 6.85% and a return on equity of 17.74%. The firm’s revenue was up 33.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.54 earnings per share. research analysts predict that Xylem Inc will post 2.39 EPS for the current fiscal year.

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

XYL has been the subject of several recent research reports. Stifel Nicolaus reissued a “hold” rating and issued a $63.00 price objective 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 note on Tuesday, September 5th. Cowen reissued a “buy” rating and issued a $70.00 price objective on shares of Xylem in a research note on Thursday, September 21st. Robert W. Baird reissued a “hold” rating and issued a $67.00 price objective on shares of Xylem in a research note on Wednesday, October 4th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $71.00 price objective (up previously from $64.00) on shares of Xylem in a research note on Wednesday, October 4th. Seven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Xylem presently has a consensus rating of “Buy” and a consensus target price of $65.17.

A number of large investors have recently modified their holdings of the stock. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in Xylem by 0.3% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 13,352 shares of the industrial products company’s stock valued at $740,000 after acquiring an additional 39 shares in the last quarter. Manchester Capital Management LLC raised its holdings in Xylem by 0.5% in the second quarter. Manchester Capital Management LLC now owns 14,198 shares of the industrial products company’s stock valued at $787,000 after acquiring an additional 76 shares in the last quarter. Commerce Bank raised its holdings in Xylem by 0.9% in the second quarter. Commerce Bank now owns 10,672 shares of the industrial products company’s stock valued at $592,000 after acquiring an additional 90 shares in the last quarter. Utah Retirement Systems raised its holdings in Xylem by 0.3% in the second quarter. Utah Retirement Systems now owns 32,765 shares of the industrial products company’s stock valued at $1,817,000 after acquiring an additional 100 shares in the last quarter. Finally, Bluestein R H & Co. raised its holdings in Xylem by 1.0% in the second quarter. Bluestein R H & Co. now owns 10,100 shares of the industrial products company’s stock valued at $560,000 after acquiring an additional 100 shares in the last quarter. 85.09% of the stock is currently owned by hedge funds and other institutional investors.

TRADEMARK VIOLATION NOTICE: This article was first posted by Watch List News and is the property of of Watch List News. If you are accessing this article on another site, it was illegally copied and reposted in violation of United States and international copyright legislation. The legal version of this article can be read at https://www.watchlistnews.com/steven-r-loranger-sells-47712-shares-of-xylem-inc-xyl-stock/1773172.html.

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.

Insider Buying and Selling by Quarter for Xylem (NYSE:XYL)

Receive News & Ratings for Xylem Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Xylem and related companies with MarketBeat.com's FREE daily email newsletter.