Parker-Hannifin, Coca-Cola, and Trane Technologies are the three Water stocks to watch today, according to MarketBeat's stock screener tool. Water stocks are publicly traded shares of companies involved in the water sector—ranging from utilities that supply and distribute freshwater to firms that build infrastructure or develop treatment and purification technologies. Because water is an essential and often regulated resource with growing global demand, these equities are typically viewed as defensive investments offering steady revenues and long-term growth potential. 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.
Shares of Parker-Hannifin stock traded up $6.10 during midday trading on Friday, hitting $647.60. The company had a trading volume of 1,298,766 shares, compared to its average volume of 721,192. The business's 50 day simple moving average is $598.40 and its two-hundred day simple moving average is $645.46. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.06 and a quick ratio of 0.59. The stock has a market cap of $83.36 billion, a PE ratio of 26.80, a P/E/G ratio of 2.85 and a beta of 1.36. Parker-Hannifin has a 1-year low of $488.45 and a 1-year high of $718.44.
Read Our Latest Research Report on PH
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 company traded hands, compared to its average volume of 15,515,531. The firm has a market cap of $303.97 billion, a PE ratio of 28.59, a PEG ratio of 3.79 and a beta of 0.47. The stock's 50-day simple moving average is $70.95 and its 200-day simple moving average is $66.64. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.84 and a current ratio of 1.03. Coca-Cola has a 12 month low of $60.62 and a 12 month high of $74.38.
Read Our Latest Research Report on KO
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.
Trane Technologies stock traded down $1.33 during mid-day trading on Friday, hitting $404.32. The stock had a trading volume of 1,914,403 shares, compared to its average volume of 1,338,942. The stock has a 50-day simple moving average of $350.05 and a two-hundred day simple moving average of $372.29. Trane Technologies has a 12 month low of $298.15 and a 12 month high of $422.00. The stock has a market capitalization of $90.17 billion, a PE ratio of 35.94, a P/E/G ratio of 2.50 and a beta of 1.14. The company has a current ratio of 1.21, a quick ratio of 0.88 and a debt-to-equity ratio of 0.58.
Read Our Latest Research Report on TT
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