Stock Traders Buy High Volume of Put Options on Xylem (XYL)

Xylem Inc (NYSE:XYL) saw unusually large options trading on Wednesday. Stock investors acquired 8,204 put options on the stock. This represents an increase of 749% compared to the average daily volume of 966 put options.

In related news, Director Steven R. Loranger sold 47,712 shares of the stock in a transaction that occurred on Monday, December 18th. The stock was sold at an average price of $68.10, for a total value of $3,249,187.20. Following the completion of the transaction, the director now directly owns 68,843 shares in the company, valued at $4,688,208.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Steven R. Loranger sold 17,139 shares of the stock in a transaction that occurred on Wednesday, December 20th. The stock was sold at an average price of $68.10, for a total value of $1,167,165.90. Following the completion of the transaction, the director now owns 26,150 shares of the company’s stock, valued at $1,780,815. The disclosure for this sale can be found here. Insiders sold 75,455 shares of company stock valued at $5,166,873 over the last quarter. 0.75% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Greenleaf Trust raised its stake in shares of Xylem by 97.4% in the fourth quarter. Greenleaf Trust now owns 1,490 shares of the industrial products company’s stock valued at $102,000 after acquiring an additional 735 shares in the last quarter. Barings LLC raised its stake in shares of Xylem by 16.5% in the fourth quarter. Barings LLC now owns 5,656 shares of the industrial products company’s stock valued at $386,000 after acquiring an additional 800 shares in the last quarter. Global X MANAGEMENT CO LLC raised its stake in shares of Xylem by 13.4% in the third quarter. Global X MANAGEMENT CO LLC now owns 6,849 shares of the industrial products company’s stock valued at $429,000 after acquiring an additional 808 shares in the last quarter. Gardiner Nancy B raised its stake in shares of Xylem by 7.9% in the third quarter. Gardiner Nancy B now owns 11,117 shares of the industrial products company’s stock valued at $695,000 after acquiring an additional 815 shares in the last quarter. Finally, Putnam FL Investment Management Co. raised its stake in shares of Xylem by 0.7% in the fourth quarter. Putnam FL Investment Management Co. now owns 120,448 shares of the industrial products company’s stock valued at $8,215,000 after acquiring an additional 856 shares in the last quarter. Institutional investors and hedge funds own 85.14% of the company’s stock.

Xylem (NYSE:XYL) opened at $75.18 on Thursday. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.41 and a current ratio of 1.88. Xylem has a 52 week low of $46.95 and a 52 week high of $76.81. The company has a market capitalization of $13,500.00, a price-to-earnings ratio of 41.08, a price-to-earnings-growth ratio of 1.44 and a beta of 1.20.

Xylem (NYSE:XYL) last released its quarterly earnings results on Thursday, February 1st. The industrial products company reported $0.76 EPS for the quarter, hitting analysts’ consensus estimates of $0.76. The company had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $1.27 billion. Xylem had a return on equity of 17.95% and a net margin of 7.03%. The firm’s revenue was up 16.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.66 earnings per share. sell-side analysts predict that Xylem will post 2.91 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Thursday, February 15th will be paid a $0.21 dividend. This is a boost from Xylem’s previous quarterly dividend of $0.18. This represents a $0.84 annualized dividend and a dividend yield of 1.12%. The ex-dividend date of this dividend is Wednesday, February 14th. Xylem’s dividend payout ratio (DPR) is presently 45.90%.

Several research analysts recently weighed in on XYL shares. Zacks Investment Research lowered Xylem from a “buy” rating to a “hold” rating in a research report on Monday, January 22nd. Royal Bank of Canada restated a “buy” rating and set a $80.00 price target on shares of Xylem in a research note on Thursday, January 4th. Canaccord Genuity restated a “hold” rating and set a $65.00 price target on shares of Xylem in a research note on Monday, December 11th. Boenning Scattergood restated a “buy” rating on shares of Xylem in a research note on Friday, December 15th. Finally, Oppenheimer upped their price target on Xylem from $66.00 to $75.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 1st. Six analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $70.08.

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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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