The market hasn’t been a fan of Xylem’s acquisition of Evoqua, but it could be a long-term success. , albeit expensive, stock with a strong position in an important, growing industry. Then the company moved to purchase Evoqua Water Technologies AQUA –1.11% Now Xylem is a more attractive company with a better growth outlook—and a lower stock price. Rye-Brook, New York-based Xylem (ticker: XYL) is a leading water technology company making pumps, valves, filters, and meters for industrial and utility customers. Sales in 2022 are expected to be $5.4 billion, which is significant for a pure-play water company. By comparison, Danaher DHR +0.75% ‘s ( DHR ) water business, which it plans to spin off later this year , generates about $5 billion inside a mammoth $200 billion market-cap industrial and health conglomerate. Morgan Stanley MS +0.49% is expanding further into retail investing with its first exchange-traded funds, but faces a crowded field where legions of ETFs struggle to gain traction. The $1.3 trillion asset manager today launched six ETF strategies focused on environmental, social, and governance, or ESG, investing, from pioneer Calvert Research and Management, part of Morgan Stanley (ticker: MS).
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
