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

Xylem Inc (NYSE:XYL) was the target of some unusual options trading on Wednesday. Investors bought 8,204 put options on the company. This is an increase of approximately 749% compared to the average daily volume of 966 put options.

In other Xylem news, Director Curtis J. Crawford sold 7,948 shares of the stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $71.77, for a total transaction of $570,427.96. Following the completion of the transaction, the director now owns 55,245 shares of the company’s stock, valued at $3,964,933.65. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Tomas Brannemo sold 2,260 shares of the stock in a transaction that occurred on Tuesday, December 19th. The shares were sold at an average price of $67.75, for a total value of $153,115.00. Following the transaction, the insider now directly owns 10,975 shares of the company’s stock, valued at approximately $743,556.25. The disclosure for this sale can be found here. Insiders have sold 75,455 shares of company stock valued at $5,166,873 in the last three months. Insiders own 0.75% of the company’s stock.

Institutional investors have recently modified their holdings of the stock. Chevy Chase Trust Holdings Inc. grew its position in Xylem by 0.9% in the third quarter. Chevy Chase Trust Holdings Inc. now owns 197,184 shares of the industrial products company’s stock worth $12,349,000 after acquiring an additional 1,670 shares during the period. Highbridge Capital Management LLC purchased a new position in Xylem in the third quarter worth approximately $254,000. Patten Group Inc. grew its position in Xylem by 295.6% in the third quarter. Patten Group Inc. now owns 127,490 shares of the industrial products company’s stock worth $2,009,000 after acquiring an additional 95,259 shares during the period. Bank of Montreal Can grew its position in Xylem by 4.0% in the fourth quarter. Bank of Montreal Can now owns 762,194 shares of the industrial products company’s stock worth $51,981,000 after acquiring an additional 29,552 shares during the period. Finally, Swiss National Bank grew its position in Xylem by 1.2% in the third quarter. Swiss National Bank now owns 661,922 shares of the industrial products company’s stock worth $41,456,000 after acquiring an additional 8,100 shares during the period. Institutional investors own 85.14% of the company’s stock.

A number of equities analysts have commented on the company. Oppenheimer increased their target price on Xylem to $82.00 and gave the company an “outperform” rating in a report on Friday, February 2nd. Seaport Global Securities reissued a “buy” rating and set a $83.00 target price on shares of Xylem in a report on Friday, February 2nd. BMO Capital Markets reissued a “buy” rating and set a $86.00 target price on shares of Xylem in a report on Friday, February 2nd. Canaccord Genuity restated a “hold” rating and issued a $75.00 price target on shares of Xylem in a research report on Sunday, January 28th. Finally, Zacks Investment Research lowered Xylem from a “buy” rating to a “hold” rating in a research report on Tuesday, February 13th. Six equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $70.08.

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

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

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Thursday, February 15th will be given a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 1.12%. This is a positive change from Xylem’s previous quarterly dividend of $0.18. The ex-dividend date is Wednesday, February 14th. Xylem’s dividend payout ratio is presently 45.90%.

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About Xylem

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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