Xylem Inc. (XYL): Steven R Loranger , director of Xylem Inc. sold 50,000 shares on Jun 1, 2016. The Insider selling transaction was reported by the company on Jun 2, 2016 to the Securities and Exchange Commission. The shares were sold at $44.52 per share for a total value of $2,226,000.00 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on May 31, 2016, Steven R Loranger (director) sold 50,000 shares at $44.67 per share price.On May 16, 2016, Colin R Sabol (Senior Vice President) sold 39,265 shares at $42.91 per share price.Also, On May 9, 2016, Kenneth Napolitano (Senior Vice President) sold 10,246 shares at $41.53 per share price.On Mar 10, 2016, Tomas Brannemo (Senior Vice President) sold 7,964 shares at $38.02 per share price.
Xylem Inc: On Wednesday, Jun 1, 2016 heightened volatility was witnessed in Xylem Inc which led to swings in the share price. The shares opened for trading at $44.32 and hit $44.82 on the upside , eventually ending the session at $44.82, with a gain of 0.36% or 0.16 points. The heightened volatility saw the trading volume jump to 9,95,864 shares. The 52-week high of the share price is $45 and the company has a market cap of $8,018 M . The 52-week low of the share price is at $29.9.
Company has been under the radar of several Street Analysts.Xylem Inc is Reiterated by Wedbush to Neutral and the brokerage firm has raised the Price Target to $ 43 from a previous price target of $41 .The Rating was issued on May 4, 2016.Xylem Inc is Downgraded by Wedbush to Neutral and the brokerage firm has set the Price Target at $41. Earlier the firm had a rating of Outperform on the company shares. The Rating was issued on Apr 11, 2016.Xylem Inc is Upgraded by Sterne Agee CRT to Buy. Earlier the firm had a rating of Neutral on the company shares. The Rating was issued on Apr 5, 2016.Xylem Inc is Downgraded by Stifel to Hold. Earlier the firm had a rating of Buy on the company shares. The Rating was issued on Mar 21, 2016.
Xylem Inc. is engaged in the design manufacturing and application of engineered technologies for the water industry. The Company 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. The Company is an equipment and service provider in various application areas of the water equipment industry: transport treatment test building services industrial processing and irrigation. The Company’s water market brands such as Bell & Gossett and Flygt. The Company sells its products in more than 150 countries through a distribution network consisting of direct sales force and independent channel partners. The Company has two business segments: Water Infrastructure (collection distribution and return) and Applied Water (usage).