Wealthy Living

2022 Top Water Stocks to Buy Now

Water is one of the basic necessities of human life. Life as we know it cannot exist without water. For this simple reason, water may be the most valuable commodity on Earth.

Here are top 7 water stocks according to their expected returns over the next five years, ranked in order of lowest to highest.

Water Stock #7:  Roper Technologies  (ROP)

– 5-year expected annual returns: 9.4%

Roper Technologies is a specialized industrial company that manufactures products such as medical and scientific imaging equipment, pumps, and material analysis equipment.

Roper Technologies also develops software solutions for the healthcare, transportation, food, energy, and water industries. The company was founded in 1981, generates around $5.5 billion in annual revenues, and is based in Sarasota, Florida.

Water Stock #6: A.O. Smith (AOS)

– 5-year expected annual returns: 10.1%

A.O. Smith is a leading manufacturer of residential and commercial water heaters, boilers and water treatment products.

A.O. Smith generates the majority of its sales in North America, with the remainder from the rest of the world. It has category-leading brands across its various geographic markets.

Water Stock #5: Gorman-Rupp Co. (GRC)

– 5-year expected annual returns: 10.2%

Gorman-Rupp began manufacturing pumps and pumping systems back in 1933. Since that time, it has grown into an industry leader with annual sales of about $405 million.

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