Bedell Frazier Investment Counselling LLC recently acquired a new stake of 22,212 shares in Xylem Inc. (NYSE:XYL), valued at approximately $3.28 million, bringing institutional ownership in the company to 87.96%. Xylem has also announced an increase in its quarterly dividend to $0.43 per share and authorized a $1.50 billion share buyback program. Analysts maintain a “Moderate Buy” consensus rating for XYL with an average target price of $158.08, following the company’s recent earnings report which met EPS expectations and showed a 6.3% rise in revenue year-over-year.
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22,212 Shares in Xylem Inc. $XYL Purchased by Bedell Frazier Investment Counselling LLC
Bedell Frazier Investment Counselling LLC recently acquired a new stake of 22,212 shares in Xylem Inc. (NYSE:XYL), valued at approximately $3.28 million, bringing institutional ownership in the company to 87.96%. Xylem has also announced an increase in its quarterly dividend to $0.43 per share and authorized a $1.50 billion share buyback program. Analysts maintain a “Moderate Buy” consensus rating for XYL with an average target price of $158.08, following the company’s recent earnings report which met EPS expectations and showed a 6.3% rise in revenue year-over-year.