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Shares of Xylem (NYSE:XYL) hit a new 52-week high on Friday, Analyst Ratings Network.com reports. The company traded as high as $37.22 and last traded at $36.86, with a volume of 852,389 shares trading hands. The stock had previously closed at $36.46.

A number of research firms have recently commented on XYL. Analysts at Canaccord Genuity raised their price target on shares of Xylem from $34.00 to $36.00 in a research note to investors on Wednesday. Separately, analysts at Oppenheimer initiated coverage on shares of Xylem in a research note to investors on Tuesday, January 21st. They set an “outperform” rating and a $44.00 price target on the stock. Nine equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $36.82.

Xylem has a 52-week low of $23.61 and a 52-week high of $37.05. The stock has a 50-day moving average of $34.75 and a 200-day moving average of $30.48. The company has a market cap of $6.819 billion and a price-to-earnings ratio of 29.17.

Xylem (NYSE:XYL) last released its earnings data on Tuesday, February 4th. The company reported $0.56 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.36 by $0.20. The company had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $920.07 million. During the same quarter in the previous year, the company posted $0.47 earnings per share. The company’s revenue for the quarter was up 6.6% on a year-over-year basis. On average, analysts predict that Xylem will post $1.96 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Wednesday, March 19th. Stockholders of record on Wednesday, February 19th will be paid a dividend of 0.128 per share. This represents a $0.51 annualized dividend and a dividend yield of 1.39%. The ex-dividend date is Friday, February 14th. This is a boost from Xylem’s previous quarterly dividend of $0.12.

Xylem Inc (NYSE:XYL), formerly ITT WCO, Inc, is a provider of equipment and service for water and wastewater applications with a portfolio of products and services addressing the full cycle of water, from collection, distribution and use to the return of water to the environment.

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