Today, the SVP of Xylem (XYL), Pak Steven Leung, bought shares of XYL for $330.1K.
This recent transaction increases Pak Steven Leung’s holding in the company by 26.29% to a total of $2.61 million. In addition to Pak Steven Leung, 2 other XYL executives reported Buy trades in the last month.
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Based on Xylem’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $1.24 billion and quarterly net profit of $79 million. In comparison, last year the company earned revenue of $1.22 billion and had a net profit of $79 million. XYL’s market cap is $13.82B and the company has a P/E ratio of 25.25. Currently, Xylem has an average volume of 662.5K.
Based on 9 analyst ratings, the analyst consensus is Strong Buy with an average price target of $86.63, reflecting a 13.8% upside. Seven different firms, including BMO Capital and Boenning & Scattergood, currently also have a Buy rating on the stock.
In the last 30 days, insiders have sold $1.7M worth of XYL shares and purchased $330.1K worth of XYL shares. The insider sentiment on Xylem has been negative according to 70 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
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Xylem, Inc. engages in the design, manufacture and application of highly engineered technologies for the water industry. It provides water and wastewater applications with a broad portfolio of products and services addressing the full cycle of water, from collection, distribution and use to the return of water to the environment.
