Best Water Stocks To Research – August 17th

Home Depot, PepsiCo, CocaCola, Progressive, and RTX are the five Water stocks to watch today, according to MarketBeat’s stock screener tool. Water stocks are shares of publicly traded companies whose core business involves supplying, treating, distributing or managing water and wastewater resources. They encompass water utilities, treatment and desalination plants, filtration and purification technologies, piping and infrastructure services, and related resource‐management solutions. Investors often view water stocks as a defensive play due to the essential, inelastic nature of global water demand. These companies had the highest dollar trading volume of any Water stocks within the last several days.

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 $1.03 during mid-day trading on Friday, reaching $399.29. 3,840,292 shares of the company’s stock were exchanged, compared to its average volume of 3,118,386. The company has a debt-to-equity ratio of 5.95, a current ratio of 1.09 and a quick ratio of 0.28. The stock has a market capitalization of $397.27 billion, a PE ratio of 27.09, a price-to-earnings-growth ratio of 3.80 and a beta of 1.00. The business’s fifty day simple moving average is $370.47 and its 200-day simple moving average is $371.61. Home Depot has a 52-week low of $326.31 and a 52-week high of $439.37.

PepsiCo (PEP)

PepsiCo, Inc. engages in the manufacture, marketing, distribution, and sale of various beverages and convenient foods worldwide. The company operates through seven segments: Frito-Lay North America; Quaker Foods North America; PepsiCo Beverages North America; Latin America; Europe; Africa, Middle East and South Asia; and Asia Pacific, Australia and New Zealand and China Region.

Shares of PEP traded up $1.78 during mid-day trading on Friday, reaching $150.40. 9,161,546 shares of the company’s stock were exchanged, compared to its average volume of 8,005,892. The company has a debt-to-equity ratio of 2.12, a current ratio of 0.78 and a quick ratio of 0.60. The stock has a market capitalization of $205.91 billion, a PE ratio of 27.40, a price-to-earnings-growth ratio of 4.01 and a beta of 0.45. The business’s fifty day simple moving average is $137.39 and its 200-day simple moving average is $140.56. PepsiCo has a 52-week low of $127.60 and a 52-week high of $179.73.

CocaCola (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.

NYSE:KO traded up $0.37 during midday trading on Friday, reaching $69.92. The stock had a trading volume of 12,364,886 shares, compared to its average volume of 13,819,584. The firm has a fifty day simple moving average of $70.02 and a two-hundred day simple moving average of $70.16. CocaCola has a 12-month low of $60.62 and a 12-month high of $74.38. The company has a quick ratio of 0.98, a current ratio of 1.21 and a debt-to-equity ratio of 1.49. The stock has a market cap of $300.91 billion, a P/E ratio of 24.79, a P/E/G ratio of 3.64 and a beta of 0.44.

Progressive (PGR)

The Progressive Corporation, an insurance holding company, provides personal and commercial auto, personal residential and commercial property, business related general liability, and other specialty property-casualty insurance products and related services in the United States. It operates in three segments: Personal Lines, Commercial Lines, and Property.

NYSE:PGR traded down $3.93 during midday trading on Friday, reaching $247.02. The stock had a trading volume of 3,425,649 shares, compared to its average volume of 3,184,152. The firm has a fifty day simple moving average of $253.14 and a two-hundred day simple moving average of $266.39. Progressive has a 12-month low of $228.54 and a 12-month high of $292.99. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.21. The stock has a market cap of $144.81 billion, a P/E ratio of 13.92, a P/E/G ratio of 1.46 and a beta of 0.33.

RTX (RTX)

RTX Corporation, an aerospace and defense company, provides systems and services for the commercial, military, and government customers in the United States and internationally. It operates through three segments: Collins Aerospace, Pratt & Whitney, and Raytheon. The Collins Aerospace Systems segment offers aerospace and defense products, and aftermarket service solutions for civil and military aircraft manufacturers and commercial airlines, as well as regional, business, and general aviation, defense, and commercial space operations.

NYSE:RTX traded down $1.04 during midday trading on Friday, reaching $154.04. The stock had a trading volume of 4,593,662 shares, compared to its average volume of 4,988,229. The firm has a fifty day simple moving average of $149.54 and a two-hundred day simple moving average of $136.47. RTX has a 12-month low of $112.27 and a 12-month high of $158.79. The company has a quick ratio of 0.75, a current ratio of 1.01 and a debt-to-equity ratio of 0.60. The stock has a market cap of $206.19 billion, a P/E ratio of 33.85, a P/E/G ratio of 2.84 and a beta of 0.69.