Insider Selling: Angela A. Buonocore Unloads 11,996 Shares of Xylem Stock (XYL)
Xylem (NYSE:XYL) SVP Angela A. Buonocore unloaded 11,996 shares of Xylem stock on the open market in a transaction dated Thursday, February 6th. The shares were sold at an average price of $36.00, for a total value of $431,856.00. Following the completion of the transaction, the senior vice president now directly owns 58,192 shares of the company’s stock, valued at approximately $2,094,912. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Shares of Xylem (NYSE:XYL) traded up 1.37% during mid-day trading on Friday, hitting $36.96. The stock had a trading volume of 1,439,543 shares. Xylem has a 52-week low of $23.61 and a 52-week high of $37.22. The stock has a 50-day moving average of $34.83 and a 200-day moving average of $30.5. The company has a market cap of $6.819 billion and a P/E ratio of 29.17.
Xylem (NYSE:XYL) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $0.56 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.36 by $0.20. The company had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $920.07 million. During the same quarter in the prior year, the company posted $0.47 earnings per share. The company’s quarterly revenue was up 6.6% on a year-over-year basis. On average, analysts predict that Xylem will post $1.96 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, March 19th. Investors of record on Wednesday, February 19th will be given a dividend of 0.128 per share. This represents a $0.51 dividend on an annualized basis and a yield of 1.39%. The ex-dividend date of this dividend is Friday, February 14th. This is an increase from Xylem’s previous quarterly dividend of $0.12.
XYL has been the subject of a number of recent research reports. Analysts at Canaccord Genuity raised their price target on shares of Xylem from $34.00 to $36.00 in a research note to investors on Wednesday. Separately, analysts at Oppenheimer initiated coverage on shares of Xylem in a research note to investors on Tuesday, January 21st. They set an “outperform” rating and a $44.00 price target on the stock. Nine analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $36.82.
Xylem Inc (NYSE:XYL), formerly ITT WCO, Inc, is a provider of equipment and service for water and wastewater applications with a portfolio of products and services addressing the full cycle of water, from collection, distribution and use to the return of water to the environment.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.