Xylem Inc. (NYSE:XYL) shares hit a new 52-week high on Monday . The company traded as high as $47.10 and last traded at $47.01, with a volume of 494,934 shares changing hands. The stock had previously closed at $46.41.

A number of analysts have recently issued reports on XYL shares. Sterne Agee CRT upgraded shares of Xylem from a “neutral” rating to a “buy” rating in a report on Tuesday, April 5th. Oppenheimer Holdings Inc. reiterated an “outperform” rating and issued a $52.00 price objective (up from $46.00) on shares of Xylem in a report on Monday, June 20th. Robert W. Baird reiterated a “hold” rating on shares of Xylem in a report on Friday, April 1st. Stifel Nicolaus downgraded shares of Xylem from a “buy” rating to a “hold” rating in a report on Monday, March 21st. They noted that the move was a valuation call. Finally, Wedbush downgraded shares of Xylem from an “outperform” rating to a “neutral” rating and set a $41.00 price objective on the stock. in a report on Monday, April 11th. They noted that the move was a valuation call. Eight equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $41.58.

The company’s 50-day moving average is $45.11 and its 200-day moving average is $40.24. The company has a market cap of $8.40 billion and a PE ratio of 24.80.

Xylem (NYSE:XYL) last posted its quarterly earnings results on Tuesday, May 3rd. The company reported $0.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.34 by $0.01. The business had revenue of $847 million for the quarter, compared to the consensus estimate of $832.03 million. Xylem’s quarterly revenue was up 1.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.33 earnings per share. Analysts predict that Xylem Inc. will post $2.05 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 22nd. Shareholders of record on Wednesday, May 25th were issued a dividend of $0.1549 per share. This represents a $0.62 dividend on an annualized basis and a dividend yield of 1.34%. The ex-dividend date was Monday, May 23rd.

In related news, Director Steven R. Loranger sold 50,000 shares of the stock in a transaction on Wednesday, June 1st. The stock was sold at an average price of $44.52, for a total value of $2,226,000.00. Following the transaction, the director now directly owns 12,588 shares in the company, valued at approximately $560,417.76. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Kenneth Napolitano sold 10,246 shares of the stock in a transaction on Thursday, May 5th. The stock was sold at an average price of $41.58, for a total value of $426,028.68. Following the completion of the transaction, the senior vice president now owns 44,409 shares in the company, valued at $1,846,526.22. The disclosure for this sale can be found here.

Other institutional investors have recently modified their holdings of the company. BHF Kleinwort Benson Group S.A. purchased a new position in shares of Xylem during the fourth quarter worth about $38,734,000. OppenheimerFunds Inc. boosted its position in shares of Xylem by 77.9% in the fourth quarter. OppenheimerFunds Inc. now owns 1,382,386 shares of the company’s stock worth $50,459,000 after buying an additional 605,437 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Xylem by 2.1% in the fourth quarter. Vanguard Group Inc. now owns 14,867,064 shares of the company’s stock worth $542,649,000 after buying an additional 307,294 shares in the last quarter. Pinnacle Associates Ltd. boosted its position in shares of Xylem by 720.9% in the fourth quarter. Pinnacle Associates Ltd. now owns 194,384 shares of the company’s stock worth $7,095,000 after buying an additional 170,705 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its position in shares of Xylem by 7.0% in the fourth quarter. Victory Capital Management Inc. now owns 1,861,414 shares of the company’s stock worth $67,942,000 after buying an additional 122,233 shares in the last quarter.

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.

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