Xylem Inc. (NYSE:XYL) Director Steven R. Loranger sold 66,132 shares of the company’s stock in a transaction on Thursday, June 29th. The stock was sold at an average price of $55.01, for a total transaction of $3,637,921.32. Following the sale, the director now directly owns 65,030 shares of the company’s stock, valued at $3,577,300.30. The sale was disclosed in a filing with the SEC, which is available at the SEC website.
Xylem Inc. (XYL) traded up 0.11% during midday trading on Friday, reaching $56.93. 1,099,838 shares of the company’s stock were exchanged. The firm’s 50-day moving average is $55.26 and its 200 day moving average is $51.22. Xylem Inc. has a 1-year low of $45.60 and a 1-year high of $58.22. The stock has a market cap of $10.23 billion, a P/E ratio of 40.96 and a beta of 1.18.
Xylem (NYSE:XYL) last released its quarterly earnings results on Tuesday, May 2nd. The industrial products company reported $0.39 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.38 by $0.01. The company had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.05 billion. Xylem had a net margin of 6.75% and a return on equity of 15.53%. The business’s quarterly revenue was up 26.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.35 earnings per share. Equities analysts anticipate that Xylem Inc. will post $2.31 earnings per share for the current fiscal year.
A number of research firms have weighed in on XYL. Barclays PLC raised shares of Xylem from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $51.00 to $59.00 in a research report on Monday, May 15th. BMO Capital Markets assumed coverage on shares of Xylem in a research note on Wednesday, June 21st. They issued an “outperform” rating and a $60.00 target price on the stock. Oppenheimer Holdings, Inc. reiterated a “buy” rating on shares of Xylem in a research note on Tuesday, May 9th. BidaskClub upgraded shares of Xylem from a “hold” rating to a “buy” rating in a research note on Wednesday, June 28th. Finally, CIBC reiterated a “buy” rating and issued a $58.00 price objective on shares of Xylem in a report on Thursday, April 6th. Four investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Xylem has an average rating of “Buy” and a consensus price target of $56.85.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Asset Planning Services Ltd. boosted its position in Xylem by 0.3% in the first quarter. Asset Planning Services Ltd. now owns 2,107 shares of the industrial products company’s stock valued at $106,000 after buying an additional 7 shares during the period. Contravisory Investment Management Inc. boosted its position in Xylem by 96.1% in the first quarter. Contravisory Investment Management Inc. now owns 2,345 shares of the industrial products company’s stock valued at $118,000 after buying an additional 1,149 shares during the period. Cribstone Capital Management LLC raised its stake in shares of Xylem by 1,214.6% in the first quarter. Cribstone Capital Management LLC now owns 2,432 shares of the industrial products company’s stock worth $124,000 after buying an additional 2,247 shares in the last quarter. CENTRAL TRUST Co raised its stake in shares of Xylem by 160.3% in the second quarter. CENTRAL TRUST Co now owns 2,655 shares of the industrial products company’s stock worth $146,000 after buying an additional 1,635 shares in the last quarter. Finally, FNY Partners Fund LP acquired a new stake in shares of Xylem during the first quarter worth approximately $151,000. Institutional investors own 85.91% of the company’s stock.
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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