5 Best US Chemical Stocks To Invest In Now

2. Ecolab Inc. (NYSE:ECL)

Number of Hedge Fund Investors In Q4 2023: 47

Ecolab Inc. (NYSE:ECL) sells chemicals used in water treatment, sanitization, pest control, and other processes. The firm’s investors were reassured in April 2024 when the Royal Bank of Canada reiterated its Outperform rating for the stock and kept a share price target of $238.

For their fourth quarter of 2023 shareholdings, 47 out of the 933 hedge funds profiled by Insider Monkey had invested in the firm. Ecolab Inc. (NYSE:ECL)’s largest hedge fund shareholder is Michael Larson’s Bill & Melinda Gates Foundation Trust through its $1 billion stake.

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