NYSE:XYLMachinery
Xylem Approves US$1.5b Buyback As Shares Trade Below Estimates
Xylem (NYSE:XYL) has authorized a new share repurchase program of up to $1.5b.
The program allows the company to buy back shares opportunistically over time.
The announcement comes with Xylem shares recently trading around $129.56.
Xylem, trading on the NYSE under the ticker XYL, is moving ahead with a sizeable $1.5b buyback plan at a share price of about $129.56. Over the past 3 years, the stock has returned 29.3%, and 37.1% over 5 years, which gives context for how management is choosing...