5 Best Water Stocks and ETFs to Buy in 2021

3. Xylem Inc (NYSE: XYL)

Xylem provides water services for commercial, residential and agricultural settings. The company operates in over 150 countries. It was created a result of the spinoff of the water business of ITT Corporation. At the end of the third quarter, 21 hedge funds were bullish on Xylem.

In the third quarter, Xylem posted a non-GAAP EPS of $0.62, beating the Street’s consensus estimate by $0.12. Revenue in the period declined by 7.7% to reach $1.2 billion. This beat the analysts’ forecasts by $40 million.

Related Article: Did Hedge Funds Make The Right Call On Xylem Inc (XYL) ?