Shares of Xylem Inc. (NYSE:XYL) reached a new 52-week high during trading on Wednesday . The stock traded as high as $48.02 and last traded at $47.60, with a volume of 253,413 shares. The stock had previously closed at $47.78.

Several research firms recently commented on XYL. Barclays PLC raised their target price on Xylem from $39.00 to $45.00 and gave the stock an “equal weight” rating in a report on Monday, July 18th. Zacks Investment Research lowered Xylem from a “buy” rating to a “hold” rating in a report on Friday, July 15th. Oppenheimer Holdings Inc. reissued 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. Royal Bank Of Canada raised Xylem from a “sector perform” rating to an “outperform” rating and raised their price objective for the company from $37.00 to $42.00 in a report on Wednesday, June 1st. Finally, Canaccord Genuity reissued a “hold” rating and issued a $42.00 price objective on shares of Xylem in a report on Wednesday, May 4th. Nine investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $42.25.

The company has a 50-day moving average price of $45.92 and a 200 day moving average price of $41.18. The company has a market cap of $8.55 billion and a PE ratio of 25.25.

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

In other Xylem news, SVP Kenneth Napolitano sold 10,246 shares of the business’s stock in a transaction that occurred on Thursday, May 5th. The stock was sold at an average price of $41.58, for a total transaction of $426,028.68. Following the transaction, the senior vice president now owns 44,409 shares in the company, valued at approximately $1,846,526.22. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Steven R. Loranger sold 50,000 shares of the business’s stock in a transaction that occurred on Friday, May 27th. The stock was sold at an average price of $44.67, for a total value of $2,233,500.00. Following the transaction, the director now owns 12,588 shares in the company, valued at approximately $562,305.96. The disclosure for this sale can be found here.

Other institutional investors have added to or reduced their stakes in the company. GAM Holding AG boosted its position in Xylem by 4.6% in the fourth quarter. GAM Holding AG now owns 31,899 shares of the company’s stock valued at $1,164,000 after buying an additional 1,412 shares during the last quarter. Utah Retirement Systems boosted its position in Xylem by 0.3% in the fourth quarter. Utah Retirement Systems now owns 32,465 shares of the company’s stock valued at $1,185,000 after buying an additional 100 shares during the last quarter. Aberdeen Asset Management PLC UK boosted its position in Xylem by 24.9% in the fourth quarter. Aberdeen Asset Management PLC UK now owns 35,358 shares of the company’s stock valued at $1,259,000 after buying an additional 7,040 shares during the last quarter. Comerica Bank boosted its position in Xylem by 1.8% in the fourth quarter. Comerica Bank now owns 43,551 shares of the company’s stock valued at $1,497,000 after buying an additional 774 shares during the last quarter. Finally, Nationwide Fund Advisors boosted its position in Xylem by 11.9% in the fourth quarter. Nationwide Fund Advisors now owns 60,233 shares of the company’s stock valued at $2,199,000 after buying an additional 6,417 shares during 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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