Key Points
- Xylem CAO Geri-Michelle Mcshane sold 4,269 shares on May 7 at an average price of $117.46, totaling about $501,437. After the sale, she still owned 3,605 shares.
- The stock has been under pressure recently, opening at $113.76 and trading near its 1-year low of $113.45, down about 1.6% in the session cited.
- Xylem reported solid quarterly results, beating EPS and revenue estimates with $1.12 EPS on $2.13 billion in revenue, while also raising its quarterly dividend and authorizing a $1.5 billion share buyback.
Xylem Inc. (NYSE:XYL - Get Free Report) CAO Geri-Michelle Mcshane sold 4,269 shares of the stock in a transaction on Thursday, May 7th. The stock was sold at an average price of $117.46, for a total transaction of $501,436.74. Following the sale, the chief accounting officer directly owned 3,605 shares in the company, valued at $423,443.30. This trade represents a 54.22% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Xylem Stock Down 1.6%
Shares of NYSE:XYL opened at $113.76 on Friday. The stock has a market capitalization of $27.04 billion, a price-to-earnings ratio of 28.30, a price-to-earnings-growth ratio of 1.65 and a beta of 1.08. Xylem Inc. has a 1-year low of $113.45 and a 1-year high of $154.27. The company's fifty day moving average is $122.63 and its two-hundred day moving average is $134.10. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.10 and a current ratio of 1.46.
Xylem (NYSE:XYL - Get Free Report) last issued its earnings results on Tuesday, April 28th. The industrial products company reported $1.12 earnings per share for the quarter, topping analysts' consensus estimates of $1.09 by $0.03. The company had revenue of $2.13 billion for the quarter, compared to analysts' expectations of $2.11 billion. Xylem had a net margin of 10.79% and a return on equity of 11.26%. The firm's revenue was up 2.7% compared to the same quarter last year. During the same period in the prior year, the company earned $1.03 earnings per share. Xylem has set its FY 2026 guidance at 5.350-5.600 EPS. Equities analysts anticipate that Xylem Inc. will post 5.51 EPS for the current year.
Xylem Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Tuesday, March 24th. Stockholders of record on Tuesday, February 24th were given a dividend of $0.43 per share. This is an increase from Xylem's previous quarterly dividend of $0.40. This represents a $1.72 annualized dividend and a dividend yield of 1.5%. The ex-dividend date was Tuesday, February 24th. Xylem's payout ratio is currently 42.79%.
Xylem declared that its board has approved a stock repurchase program on Wednesday, February 25th that permits the company to buyback $1.50 billion in shares. This buyback authorization permits the industrial products company to buy up to 4.8% of its stock through open market purchases. Stock buyback programs are typically a sign that the company's board believes its shares are undervalued.
Analyst Upgrades and Downgrades
XYL has been the subject of several recent research reports. UBS Group upped their price target on shares of Xylem from $132.00 to $133.00 and gave the stock a "neutral" rating in a research report on Wednesday, April 29th. Robert W. Baird set a $161.00 price target on shares of Xylem in a research report on Wednesday, February 11th. Mizuho set a $138.00 price target on shares of Xylem in a research report on Wednesday, February 11th. Weiss Ratings lowered shares of Xylem from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Monday, April 6th. Finally, Citigroup lowered their price target on shares of Xylem from $174.00 to $168.00 and set a "buy" rating for the company in a research report on Wednesday, April 29th. Seven analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $152.77.
Check Out Our Latest Report on Xylem
Hedge Funds Weigh In On Xylem
A number of institutional investors and hedge funds have recently bought and sold shares of XYL. Knuff & Co LLC bought a new position in Xylem in the 3rd quarter valued at about $27,000. Board of the Pension Protection Fund bought a new position in Xylem in the 4th quarter valued at about $27,000. Commonwealth Retirement Investments LLC bought a new position in Xylem in the 4th quarter valued at about $27,000. Wexford Capital LP bought a new position in Xylem in the 3rd quarter valued at about $27,000. Finally, First Horizon Corp bought a new position in Xylem in the 3rd quarter valued at about $30,000. Institutional investors own 87.96% of the company's stock.
About Xylem
(
Get Free Report)
Xylem Inc (NYSE: XYL) is a global water technology company that designs, manufactures and services engineered systems and equipment for the transport, treatment, testing and efficient use of water. Its product portfolio spans pumps and pumping systems, valves, filtration and disinfection equipment, sensors and analytical instruments, and digital solutions for monitoring and control of water infrastructure. Xylem serves the full water cycle with offerings for water and wastewater utilities, industrial customers, commercial and residential buildings, and agricultural applications.
The company was established as an independent publicly traded company in 2011 following a corporate spin-off from ITT Corporation and is headquartered in Rye Brook, New York.
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