The stock closed at $113.73 on Friday, marking a second straight daily loss as the S&P 500 rose 0.84% and the Dow Jones Industrial Average edged up 0.02%.
Xylem ended 26.28% below its 52-week high of $154.27 reached on 30 October and underperformed peer Dover, whose shares fell 0.48%.
Trading volume was 2.2 million shares, about 71,519 below Xylem's 50-day average of 2.3 million, indicating lighter-than-usual activity during the decline.
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