5 Best Water Stocks To Buy

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1. Ecolab Inc. (NYSE:ECL)

Number of Hedge Fund Holders: 53

Ecolab Inc. (NYSE:ECL) is a global provider of water, hygiene, and infection prevention solutions and services. The company operates through Global Industrial, Global Institutional & Specialty, Global Healthcare & Life Sciences, and Other segments. It offers water treatment, cleaning, and sanitizing solutions to manufacturing, food and beverage processing, and healthcare industries, to name a few. Ecolab Inc. (NYSE:ECL) is one of the best water stocks to invest in. 

On October 31, Ecolab Inc. (NYSE:ECL) reported a Q3 non-GAAP EPS of $1.54, beating Wall Street estimates by $0.02. The revenue increased 7.9% year-over-year to $3.96 billion. However, revenue fell short of market consensus by $50 million. 

According to Insider Monkey’s third quarter database, 53 hedge funds were bullish on Ecolab Inc. (NYSE:ECL), compared to 56 funds in the last quarter. Bill & Melinda Gates Foundation Trust is the largest stakeholder of the company, with 5.2 million shares worth $884 million. 

ClearBridge Sustainability Leaders Strategy made the following comment about Ecolab Inc. (NYSE:ECL) in its Q2 2023 investor letter:

“A rebound for materials in June was helpful for water and hygiene solution company Ecolab Inc. (NYSE:ECL), where strong pricing and productivity gains are more than offsetting ongoing inflationary pressure, as well as aluminum packaging company Ball, which rose on reports of a possible sale of its aerospace unit.”

Follow Ecolab Inc. (NYSE:ECL)

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