Promising Water Stocks To Research – May 9th

Primo Brands, Parker-Hannifin, and Trane Technologies are the three Water stocks to watch today, according to MarketBeat’s stock screener tool. Water stocks are shares of publicly traded companies whose core businesses involve the delivery, treatment, infrastructure and management of water resources. By investing in these equities, shareholders gain exposure to an essential utility sector characterized by steady demand, regulatory oversight and long‐term growth drivers such as population growth, urbanization and water scarcity. As fresh‐water supplies tighten worldwide, water stocks can offer defensive returns and opportunities tied to emerging treatment technologies and infrastructure upgrades. These companies had the highest dollar trading volume of any Water stocks within the last several days.

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.

NYSE:PRMB traded down $0.17 during trading hours on Friday, reaching $32.15. The company had a trading volume of 15,710,874 shares, compared to its average volume of 3,647,367. The firm has a market cap of $12.22 billion, a price-to-earnings ratio of 39.82, a PEG ratio of 0.78 and a beta of 0.83. Primo Brands has a one year low of $20.16 and a one year high of $35.85. The business has a 50-day simple moving average of $32.98. The company has a quick ratio of 2.07, a current ratio of 2.18 and a debt-to-equity ratio of 0.86.

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 traded up $4.30 during mid-day trading on Friday, reaching $644.00. The stock had a trading volume of 713,971 shares, compared to its average volume of 837,897. The stock has a market capitalization of $82.90 billion, a P/E ratio of 26.66, a P/E/G ratio of 2.85 and a beta of 1.36. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.59 and a current ratio of 1.06. Parker-Hannifin has a 52 week low of $488.45 and a 52 week high of $718.44. The firm’s fifty day simple moving average is $597.93 and its two-hundred day simple moving average is $645.23.

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.

NYSE TT traded down $1.69 on Friday, reaching $403.96. The company had a trading volume of 1,028,707 shares, compared to its average volume of 1,331,167. The stock has a market cap of $90.09 billion, a price-to-earnings ratio of 35.91, a PEG ratio of 2.50 and a beta of 1.14. The stock’s 50 day moving average is $348.81 and its 200-day moving average is $372.37. 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.