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Rathbones Group PLC Sells 10,808 Shares of Xylem Inc. $XYL
Rathbones Group PLC decreased its holdings in Xylem Inc. (NYSE:XYL) by 2.9% in the fourth quarter, selling 10,808 shares and retaining 359,157 shares valued at $48.91 million. Other institutional investors also adjusted their positions in Xylem, which recently announced a share buyback program of $1.50 billion and increased its quarterly dividend. The company’s stock has a “Moderate Buy” rating from analysts with an average price target of $155.54.