Yahoo Finance Independent Director Curtis Crawford Just Sold A Bunch Of Shares In Xylem Inc. (NYSE:XYL)
Some Xylem Inc. (NYSE:XYL) shareholders may be a little concerned to see that the Independent Director, Curtis Crawford, recently sold a whopping US$590k worth of stock at a price of US$78.69 per share. That sale reduced their total holding by 39% which is hardly insignificant, but far from the worst we've seen.
View our latest analysis for Xylem
The Last 12 Months Of Insider Transactions At Xylem
Over the last year, we can see that the biggest insider sale was by the Independent Director, Steven Loranger, for US$770k worth of shares, at about US$76.99 per share. So what is clear is that an insider saw fit to sell at around the current price of US$75.81. While we don't usually like to see insider selling, it's more concerning if the sales take place at a lower price. We note that this sale took place at around the current price, so it isn't a major concern, though it's hardly a good sign.
We note that in the last year insiders divested 35680 shares for a total of US$2.8m. Xylem insiders didn't buy any shares over the last year. The chart below shows insider transactions (by individuals) over the last year. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
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Insider Ownership of Xylem
For a common shareholder, it is worth checking how many shares are held by company insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. Insiders own 0.4% of Xylem shares, worth about US$55m. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.
What Might The Insider Transactions At Xylem Tell Us?
An insider sold stock recently, but they haven't been buying. And there weren't any purchases to give us comfort, over the last year. But it is good to see that Xylem is growing earnings. Insider ownership isn't particularly high, so this analysis makes us cautious about the company. We'd think twice before buying! Therefore, you should should definitely take a look at this FREE report showing analyst forecasts for Xylem.
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For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions.
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If you spot an error that warrants correction, please contact the editor at editorial-team@simplywallst.com. This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Simply Wall St has no position in the stocks mentioned. Thank you for reading.
