Promising Water Stocks To Research – May 10th

Parker-Hannifin, Coca-Cola, Trane Technologies, Home Depot, and Primo Brands are the five Water stocks to watch today, according to MarketBeat’s stock screener tool. Water stocks are shares of publicly traded companies operating in the water sector—ranging from utilities that supply and treat drinking and wastewater to firms that develop desalination, purification and water‐management technologies. Investing in these equities gives exposure to businesses addressing essential services and infrastructure, often viewed as a defensive and sustainability-oriented theme due to rising global demand for clean water. These companies had the highest dollar trading volume of any Water stocks within the last several days.

Parker-Hannifin (PH)

Parker-Hannifin Corporation manufactures and sells motion and control technologies and systems for various mobile, industrial, and aerospace markets worldwide. The company operates through two segments: Diversified Industrial and Aerospace Systems. The Diversified Industrial segment offers sealing, shielding, thermal products and systems, adhesives, coatings, and noise vibration and harshness solutions; filters, systems, and diagnostics solutions to ensure purity and remove contaminants from fuel, air, oil, water, and other liquids and gases; connectors used in fluid and gas handling; and hydraulic, pneumatic, and electromechanical components and systems for builders and users of mobile and industrial machinery and equipment.

PH stock traded up $6.10 during mid-day trading on Friday, hitting $647.60. The company had a trading volume of 1,298,766 shares, compared to its average volume of 720,263. The company has a market capitalization of $83.36 billion, a price-to-earnings ratio of 26.80, a P/E/G ratio of 2.85 and a beta of 1.36. The company has a 50-day moving average price of $598.40 and a 200 day moving average price of $645.36. The company has a quick ratio of 0.59, a current ratio of 1.06 and a debt-to-equity ratio of 0.51. Parker-Hannifin has a 12-month low of $488.45 and a 12-month high of $718.44.

Coca-Cola (KO)

The Coca-Cola Company, a beverage company, manufactures, markets, and sells various nonalcoholic beverages worldwide. The company provides sparkling soft drinks, sparkling flavors; water, sports, coffee, and tea; juice, value-added dairy, and plant-based beverages; and other beverages. It also offers beverage concentrates and syrups, as well as fountain syrups to fountain retailers, such as restaurants and convenience stores.

Shares of NYSE KO traded down $0.55 during midday trading on Friday, reaching $70.62. 11,225,074 shares of the stock traded hands, compared to its average volume of 15,486,956. Coca-Cola has a one year low of $60.62 and a one year high of $74.38. The stock has a market capitalization of $303.92 billion, a PE ratio of 28.59, a P/E/G ratio of 3.79 and a beta of 0.47. The company’s 50 day moving average is $70.95 and its 200 day moving average is $66.65. The company has a debt-to-equity ratio of 1.61, a current ratio of 1.03 and a quick ratio of 0.84.

Trane Technologies (TT)

Trane Technologies plc, together with its subsidiaries, designs, manufactures, sells, and services of solutions for heating, ventilation, air conditioning, custom, and custom and transport refrigeration in Ireland and internationally. It offers air conditioners, exchangers, and handlers; airside and terminal devices; air sourced heat pumps, auxiliary power units; chillers; coils and condensers; gensets; dehumidifiers; ductless; furnaces; home automation products; humidifiers; indoor air quality assessments and related products; large and light commercial unitary products; refrigerant reclamation products; thermostats/controls; transport heater products; variable refrigerant flow products; and water source heat pumps.

TT traded down $1.33 during trading on Friday, reaching $404.32. The company had a trading volume of 1,914,403 shares, compared to its average volume of 1,336,566. The business has a 50 day simple moving average of $350.05 and a 200-day simple moving average of $372.45. The stock has a market cap of $90.17 billion, a P/E ratio of 35.94, a PEG ratio of 2.50 and a beta of 1.14. The company has a quick ratio of 0.88, a current ratio of 1.21 and a debt-to-equity ratio of 0.58. Trane Technologies has a 52 week low of $298.15 and a 52 week high of $422.00.

Home Depot (HD)

The Home Depot, Inc. operates as a home improvement retailer in the United States and internationally. It sells various building materials, home improvement products, lawn and garden products, and décor products, as well as facilities maintenance, repair, and operations products. The company also offers installation services for flooring, water heaters, bath, garage doors, cabinets, cabinet makeovers, countertops, sheds, furnaces and central air systems, and windows.

Shares of HD traded down $2.31 during trading hours on Friday, reaching $362.55. 1,970,748 shares of the company traded hands, compared to its average volume of 3,440,915. The stock’s fifty day moving average price is $358.23 and its 200 day moving average price is $388.83. The company has a current ratio of 1.13, a quick ratio of 0.31 and a debt-to-equity ratio of 8.65. Home Depot has a 12-month low of $323.77 and a 12-month high of $439.37. The firm has a market cap of $360.39 billion, a price-to-earnings ratio of 24.63, a PEG ratio of 4.03 and a beta of 1.05.

Primo Brands (PRMB)

Primo Brands Corp. is a branded beverage company, which focuses on healthy hydration. It delivers sustainably and domestically sourced diversified offerings across products, formats, channels, price points and consumer occasions, distributed in the United States and Canada. The company provides water filtration units for home and business consumers across North America.

Shares of NYSE PRMB traded down $0.37 during midday trading on Friday, reaching $31.95. 22,232,506 shares of the company’s stock traded hands, compared to its average volume of 3,428,178. The stock has a market cap of $12.15 billion, a P/E ratio of 39.82, a price-to-earnings-growth ratio of 0.78 and a beta of 0.83. Primo Brands has a one year low of $24.41 and a one year high of $35.85. The company has a debt-to-equity ratio of 0.86, a quick ratio of 2.07 and a current ratio of 2.18. The stock’s 50 day moving average is $32.95.