Traders Sell Shares of Xylem (XYL) on Strength (XYL)
Traders sold shares of Xylem Inc (NYSE:XYL) on strength during trading on Friday. $12.71 million flowed into the stock on the tick-up and $115.82 million flowed out of the stock on the tick-down, for a money net flow of $103.11 million out of the stock. Of all equities tracked, Xylem had the 13th highest net out-flow for the day. Xylem traded up $0.67 for the day and closed at $75.43
A number of research analysts have recently commented on the company. Zacks Investment Research upgraded Xylem from a “sell” rating to a “hold” rating and set a $84.00 price target for the company in a research note on Thursday, August 2nd. Robert W. Baird reiterated a “hold” rating and issued a $80.00 price target on shares of Xylem in a research note on Wednesday, August 1st. Canaccord Genuity reiterated a “hold” rating and issued a $78.00 price target on shares of Xylem in a research note on Wednesday, August 1st. BMO Capital Markets increased their price target on Xylem from $83.00 to $84.00 and gave the company an “outperform” rating in a research note on Wednesday, August 1st. Finally, Stifel Nicolaus increased their price target on Xylem from $75.00 to $80.00 and gave the company a “hold” rating in a research note on Wednesday, August 1st. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $82.10.
The firm has a market cap of $13.62 billion, a price-to-earnings ratio of 31.43, a price-to-earnings-growth ratio of 1.45 and a beta of 1.26. The company has a quick ratio of 1.02, a current ratio of 1.43 and a debt-to-equity ratio of 0.86.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 20th. Investors of record on Thursday, August 30th will be issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 1.11%. Xylem’s payout ratio is 35.00%.
In related news, SVP Kairus Tarapore sold 18,800 shares of the stock in a transaction on Friday, August 3rd. The stock was sold at an average price of $75.17, for a total value of $1,413,196.00. Following the completion of the sale, the senior vice president now directly owns 31,580 shares in the company, valued at $2,373,868.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Curtis J. Crawford sold 1,323 shares of the stock in a transaction on Friday, August 3rd. The shares were sold at an average price of $75.25, for a total value of $99,555.75. Following the completion of the sale, the director now owns 40,421 shares of the company’s stock, valued at $3,041,680.25. The disclosure for this sale can be found here. Insiders sold 27,623 shares of company stock valued at $2,084,702 over the last 90 days. 0.81% of the stock is currently owned by company insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. MAI Capital Management acquired a new stake in Xylem during the 2nd quarter worth about $766,000. Bank of Nova Scotia grew its holdings in Xylem by 72.3% during the 2nd quarter. Bank of Nova Scotia now owns 39,846 shares of the industrial products company’s stock worth $2,686,000 after acquiring an additional 16,719 shares during the period. Verition Fund Management LLC grew its holdings in Xylem by 20.3% during the 2nd quarter. Verition Fund Management LLC now owns 18,046 shares of the industrial products company’s stock worth $1,216,000 after acquiring an additional 3,046 shares during the period. Davy Asset Management Ltd acquired a new stake in Xylem during the 2nd quarter worth about $1,054,000. Finally, Putnam Investments LLC grew its holdings in Xylem by 37.4% during the 2nd quarter. Putnam Investments LLC now owns 77,937 shares of the industrial products company’s stock worth $5,251,000 after acquiring an additional 21,203 shares during the period. Institutional investors and hedge funds own 83.30% of the company’s stock.
Xylem Company Profile (NYSE:XYL)
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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