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Here's Why Xylem Is Higher

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Shares of Xylem Inc (NYSE: XYL), a manufacturer of engineered technologies for the water industry, were trading higher by nearly 3 percent late Wednesday afternoon.

According to a 13-G filing, Barrow, Hanley, Mewhinney & Strauss, a privately owned investment manager, disclosed a 6.86 percent stake in the company.

According to the fund manager's website, its strategy for investments in mid-cap stocks emphasizes low price/book ratios and high dividend yields.

Shares of Xylem are trading nearly flat versus a year ago, up just 1.19 percent.

 

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Posted-In: BArrow Hanley Mewhinney & Strauss Engineered Technologies Water IndustryNews Movers