XYL (Xylem Inc.) may reap gains as insiders became active recently


Xylem Inc.’s filing revealed that its President & CEO Decker Patrick unloaded Company’s shares for reported $11.12 million on Jul 03. In the deal valued at $111.62 per share,99,649 shares were sold. As a result of this transaction, Decker Patrick now holds 287,564 shares worth roughly $ 29.5 million.

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Then, Decker Patrick sold 56,298 shares, generating $5,527,837 in total proceeds. Upon selling the shares at $98.19, the President & CEO now owns 287,564 shares.

Before that, Yarkadas Hayati sold 15,942 shares. Xylem Inc. shares valued at $1,601,009 were divested by the SVP & President, EU, WI & GLS at a price of $100.43 per share. As a result of the transaction, Yarkadas Hayati now holds 12,146 shares, worth roughly $1.25 million.

Seaport Research Partners initiated its Xylem Inc. [XYL] rating to a Neutral in a research note published on Friday.

Price Performance Review of XYL

On Friday, Xylem Inc. [NYSE:XYL] saw its stock fall -0.93% to $102.58. On the same session, the stock had its day’s lowest price of $102.00, but rose to a high of $104.16. Over the last five days, the stock has gained 1.39%. Xylem Inc. shares have fallen nearly -7.23% since the year began. Nevertheless, the stocks have risen 12.60% over the past one year. While a 52-week high of $118.58 was reached on 01/13/23, a 52-week low of $84.15 was recorded on 03/17/23. SMA at 50 days reached $107.60, while 200 days put it at $106.56. A total of 1.2 million shares were traded, compared to the trading of 2.08 million shares in the previous session.

Levels Of Support And Resistance For XYL Stock

The 24-hour chart illustrates a support level at 101.67, which if violated will result in even more drops to 100.75. On the upside, there is a resistance level at 103.83. A further resistance level may holdings at 105.07. The Relative Strength Index (RSI) on the 14-day chart is 44.31, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.17, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 28.35%. Stochastics %K at 84.25% indicates the stock is a selling.

How much short interest is there in Xylem Inc.?

A steep rise in short interest was recorded in Xylem Inc. stocks on Aug 14, 2023, growing by 1.27 million shares to a total of 4.77 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 3.5 million shares. There was a rise of 26.62%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 2.41% of the overall stock float, the days-to-cover ratio (short ratio) rose to 3.38.

Xylem Inc. [XYL] – Who Are The Largest Shareholders?

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 26,869,008 shares, or roughly 11.22% of the outstanding XYL shares. In other words, the investor’s shares have risen by 6,506,957 from its previous 13-F filing of 20362051.0. Additionally, BlackRock Fund Advisors increased 27.01% of its stake after which the total value it holdings stand at $1,420,025,816, while SSgA Funds Management, Inc. added 28.30% of its stake to hold $1.11 billion in the firm. Over the last quarter, Aristotle Capital Management LLC sold -300,526 shares of Xylem Inc., while Pictet Asset Management SA sold 1,626,041 shares. At present, Geode Capital Management LLC is holding 5,021,113 shares valued at $566.13 million. BlackRock Investment Management owned 4,710,860 shares of the company at the time of its most recent 13F filing, worth $531.15 million.

According to FactSet, Xylem Inc.’s share price will average $120.64 in the next year, based on opinions of analysts polled by the firm. This is up nearly 20.73 percent from its previous closing price of $103.54. Analysts expect Xylem Inc. stock to reach the higher price of $135.00, while the lowest price estimate is $86.00. However, 18 analysts have rated XYL stock as an Overweight in their predictions for 2023.


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