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Water Stocks To Follow Now - November 5th

Coca-Cola logo with Consumer Staples background
Image from MarketBeat Media, LLC.

Key Points

  • MarketBeat’s water-stock watchlist names Coca-Cola, Ecolab, IDEXX Laboratories, Waters, and Veralto, selected for high recent dollar trading volume. Their exposure ranges from water treatment and testing to broader beverage and analytical businesses.
  • Trading was mixed on Thursday: Ecolab, IDEXX, and Waters fell, Coca-Cola was essentially unchanged at $95.80, and Veralto rose $0.57 to $117.59.
  • Several stocks were trading near their 12-month highs, including Coca-Cola, Ecolab, and Veralto; the article provides market and valuation metrics but no investment recommendations.
  • Five stocks we like better than Coca-Cola.

Coca-Cola, Ecolab, IDEXX Laboratories, Waters, and Veralto are the five Water stocks to watch today, according to MarketBeat's stock screener tool. “Water stocks” are shares of publicly traded companies involved in water supply, treatment, testing, infrastructure, or related technologies. They give investors exposure to businesses tied to water demand, but their performance can also depend on regulation, infrastructure spending, and company-specific risks. These companies had the highest dollar trading volume of any Water stocks within the last several days.

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 Coca-Cola stock traded down $0.00 during mid-day trading on Thursday, hitting $95.80. The stock had a trading volume of 17,337,951 shares, compared to its average volume of 16,981,508. The firm has a 50-day moving average of $89.72 and a two-hundred day moving average of $82.44. The company has a quick ratio of 1.19, a current ratio of 1.38 and a debt-to-equity ratio of 0.93. The firm has a market cap of $412.11 billion, a P/E ratio of 28.17, a price-to-earnings-growth ratio of 3.70 and a beta of 0.28. Coca-Cola has a 12-month low of $67.27 and a 12-month high of $97.39.

Read Our Latest Research Report on KO

Ecolab (ECL)

Ecolab Inc. provides water, hygiene, and infection prevention solutions and services in the United States and internationally. The company operates through three segments: Global Industrial; Global Institutional & Specialty; and Global Healthcare & Life Sciences. The Global Industrial segment offers water treatment and process applications, and cleaning and sanitizing solutions to manufacturing, food and beverage processing, transportation, chemical, metals and mining, power generation, pulp and paper, commercial laundry, petroleum, refining, and petrochemical industries.

ECL traded down $9.15 on Thursday, hitting $305.86. The company had a trading volume of 1,368,809 shares, compared to its average volume of 1,459,057. The company's fifty day moving average price is $283.41 and its 200 day moving average price is $276.64. The firm has a market cap of $85.78 billion, a P/E ratio of 41.48, a PEG ratio of 2.97 and a beta of 0.85. Ecolab has a 1 year low of $243.15 and a 1 year high of $318.93. The company has a current ratio of 1.11, a quick ratio of 0.84 and a debt-to-equity ratio of 1.14.

Read Our Latest Research Report on ECL

IDEXX Laboratories (IDXX)

IDEXX Laboratories, Inc. develops, manufactures, and distributes products primarily for the companion animal veterinary, livestock and poultry, dairy, and water testing markets in Africa, the Asia Pacific, Canada, Europe, Latin America, and internationally. The company operates through three segments: Companion Animal Group; Water Quality Products; and Livestock, Poultry and Dairy.

NASDAQ:IDXX traded down $26.95 during trading hours on Thursday, reaching $671.60. 489,998 shares of the stock were exchanged, compared to its average volume of 581,357. IDEXX Laboratories has a twelve month low of $500.61 and a twelve month high of $769.98. The business has a 50-day moving average of $541.78 and a two-hundred day moving average of $573.62. The company has a market capitalization of $52.92 billion, a price-to-earnings ratio of 45.38 and a beta of 1.55. The company has a quick ratio of 0.87, a current ratio of 1.19 and a debt-to-equity ratio of 0.16.

Read Our Latest Research Report on IDXX

Waters (WAT)

Waters Corporation provides analytical workflow solutions in Asia, the Americas, and Europe. It operates through two segments: Waters and TA. The company designs, manufactures, sells, and services high and ultra-performance liquid chromatography, as well as mass spectrometry (MS) technology systems and support products, including chromatography columns, other consumable products, and post-warranty service plans.

Shares of NYSE WAT traded down $10.68 during trading on Thursday, reaching $456.92. The stock had a trading volume of 643,568 shares, compared to its average volume of 968,930. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.29 and a current ratio of 0.66. The company has a market cap of $44.89 billion, a P/E ratio of 195.70, a PEG ratio of 2.67 and a beta of 1.16. Waters has a fifty-two week low of $282.77 and a fifty-two week high of $482.28. The business's 50-day moving average price is $433.18 and its 200-day moving average price is $371.53.

Read Our Latest Research Report on WAT

Veralto (VLTO)

Veralto Corporation provides water analytics, water treatment, marking and coding, and packaging and color services worldwide. It operates through two segments, Water Quality (WQ) and Product Quality & Innovation (PQI). The WQ segment offers precision instrumentation and water treatment technologies to measure, analyze, and treat water in residential, commercial, municipal, industrial, research, and natural resource applications through the Hach, Trojan Technologies, and ChemTreat brands.

VLTO traded up $0.57 during mid-day trading on Thursday, hitting $117.59. 2,339,295 shares of the stock were exchanged, compared to its average volume of 1,986,429. The firm's fifty day moving average is $99.27 and its two-hundred day moving average is $93.34. Veralto has a 1-year low of $80.03 and a 1-year high of $119.03. The company has a market cap of $28.59 billion, a PE ratio of 29.07, a PEG ratio of 3.22 and a beta of 0.51. The company has a current ratio of 2.03, a quick ratio of 1.61 and a debt-to-equity ratio of 0.83.

Read Our Latest Research Report on VLTO

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