Xylem Inc. (XYL - Free Report) recently inked a multi-year deal with Manchester City FC, in a bid to become the official water technology partner of the latter. The partnership news was announced during the Singapore International Water Week — the world’s best innovative water solutions co-creating platform. Per the deal, Xylem will also partner with Manchester City women’s team and its sister club New York City FC.
Xylem expects that the aforementioned pact will aid in raising awareness about global water solutions and challenges. Also, the company and Manchester City will work on Xylem Watermark projects, which include construction of water towers in communities across the globe. The Watermark projects are categorized under Xylem’s social investment platform. These projects aim to address the issue of rising scarcity of clean drinking water worldwide. Additionally, Xylem’s branding will be presented in the Club’s Football Academy and Etihad Stadium.
Over the past year, Xylem’s shares have rallied 23.3%, outperforming 4% growth recorded by the industry.
Xylem believes this deal will elevate its brand’s social status among the wide fan base of Manchester City FC. This Zacks Rank #3 (Hold) stock is poised to grow on the back of increasing utilities and industrial end-markets’ demand, strategic acquisitions and greater operational efficacy. Nevertheless, material cost inflation remains a major cause of concern.
Stocks to Consider
Some better-ranked stocks in the same space are listed below:
Chart Industries, Inc. (GTLS - Free Report) sports a Zacks Rank of 1 (Strong Buy). The company’s earnings per share (EPS) are predicted to grow 26.9% in the next three to five years. You can see the complete list of today’s Zacks #1 Rank stocks here..
Graco Inc. (GGG - Free Report) holds a Zacks Rank #2 (Buy). The company’s EPS is likely to be up 10.3%, over the next three to five years.
Roper Technologies, Inc. (ROP - Free Report) also carries a Zacks Rank of 2. The company’s EPS is projected to rise 12.3% during the same time frame.
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