WATER SECTOR L.T.P.

WMS thrives in a 'tepid' market, so far. Water Sector LTP initiated coverage of Advanced Drainage Systems, Inc. (NYSE:WMS) on 8/11/25 when the price was $131.11.   WMS’s all-time high price was $174.48 on 7/26/24, about a year ago. Then the stock declined and closed at $101.10 on 4/4/25, but rebounded to $147.29 as of the day of this report, 8/23/25.   Company With headquarters near Columbus, Ohio, WMS manufactures water drainage products, including plastic pipes (polypropyle

What is driving CNM's growth besides M&A? In the past 2.5 years the stock price of Core & Main, Inc. (NYSE:CNM), has increased dramatically, from an all-time low of $19.16 on 12/23/22 to an all-time high of $65.77 on 7/25/25. (CNM completed its IPO on 7/23/21, when the stock closed at $23.70.)   A major driver of CNM’s growth has been acquisitions. Since August 2017, Core & Main has acquired 42 companies. In 2024 alone, CNM acquired 11 companies at a cost of over $740 millio

Can Pentair's Strong Momentum Endure? Water Sector LTP initiated coverage of Pentair plc (NYSE:PNR) on 7/17/25 when the price was $106.70. On this date of publication, 7/26/27, the price is $103.08. PNR’s price has risen dramatically in the past three years, from $39.62 on 10/21/22 to $103.16 today. I don’t think it can maintain that sort of momentum in this climate of disruptions to trade relationships and general economic incompetence in the Trump White House. But PNR is p

“Investments in new treatment technologies and green solutions are expected to more than double in the next one to three years,...

Xylem Inc. Propelled by Innovation and Global Demand. Water Sector LTP initiated coverage of Xylem, Inc. (NYSE:XYL) on 7/1/25, when the stock price was $131.00. On 7/9/25, the day before this report was published, the stock closed at $131.60. Xylem designs, manufactures, and services industrial machinery, supplies, software, and components for freshwater measurement, monitoring, testing, control, treatment, transport, and storage applications. XYL’s customers are in about 100