Xylem Inc (NYSE:XYL) insider Kenneth Napolitano sold 35,526 shares of the company’s stock in a transaction dated Monday, February 4th. The stock was sold at an average price of $70.17, for a total transaction of $2,492,859.42. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Xylem stock opened at $70.74 on Wednesday. The company has a market cap of $12.61 billion, a price-to-earnings ratio of 24.56, a P/E/G ratio of 1.21 and a beta of 1.21. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.51 and a quick ratio of 1.08. Xylem Inc has a 12-month low of $60.65 and a 12-month high of $82.44.
Xylem (NYSE:XYL) last posted its quarterly earnings data on Thursday, January 31st. The industrial products company reported $0.88 earnings per share for the quarter, meeting the consensus estimate of $0.88. Xylem had a return on equity of 19.89% and a net margin of 10.54%. The company had revenue of $1.39 billion during the quarter, compared to analysts’ expectations of $1.36 billion. As a group, equities analysts predict that Xylem Inc will post 3.31 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 14th. Stockholders of record on Thursday, February 14th will be issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 1.36%. The ex-dividend date of this dividend is Wednesday, February 13th. This is a boost from Xylem’s previous quarterly dividend of $0.21. Xylem’s dividend payout ratio is presently 29.17%.
XYL has been the subject of several research analyst reports. Royal Bank of Canada reaffirmed a “buy” rating and issued a $77.00 price objective on shares of Xylem in a report on Wednesday, October 31st. Zacks Investment Research cut shares of Xylem from a “hold” rating to a “sell” rating in a research report on Saturday, January 12th. ValuEngine downgraded Xylem from a “buy” rating to a “hold” rating in a report on Wednesday, October 31st. Boenning Scattergood reiterated a “buy” rating and issued a $82.00 target price on shares of Xylem in a report on Monday, November 19th. Finally, Oppenheimer reiterated a “buy” rating on shares of Xylem in a report on Tuesday, October 30th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and ten have given a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $78.14.
Several hedge funds have recently made changes to their positions in the company. Victory Capital Management Inc. boosted its holdings in Xylem by 7.3% during the fourth quarter. Victory Capital Management Inc. now owns 1,295,070 shares of the industrial products company’s stock worth $86,407,000 after buying an additional 88,299 shares during the last quarter. Parnassus Investments CA increased its position in shares of Xylem by 1.3% during the 4th quarter. Parnassus Investments CA now owns 6,247,381 shares of the industrial products company’s stock worth $416,825,000 after purchasing an additional 78,444 shares during the last quarter. Meyer Handelman Co. boosted its stake in shares of Xylem by 4.5% during the 4th quarter. Meyer Handelman Co. now owns 25,314 shares of the industrial products company’s stock worth $1,689,000 after acquiring an additional 1,098 shares during the period. Cambridge Investment Research Advisors Inc. boosted its stake in shares of Xylem by 11.6% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 5,058 shares of the industrial products company’s stock worth $337,000 after acquiring an additional 524 shares during the period. Finally, Grandview Asset Management LLC bought a new position in shares of Xylem during the 4th quarter worth approximately $396,000. Institutional investors own 83.70% of the company’s stock.
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Xylem Company Profile
Xylem Inc engages in the design, manufacture, and service of engineered solutions for the water and wastewater applications. It operates through three segments: Water Infrastructure, Applied Water, and Measurement and Control Solutions. The Water Infrastructure segment offers various products, including water and wastewater pumps, and controls and systems, as well as filtration, disinfection, and biological treatment equipment under the Flygt, Godwin, Wedeco, Sanitaire, and Leopold names for the transportation, treatment, and testing of water and wastewater applications.
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