Jim Cramer is Recommending These 5 Stocks

4. Ecolab Inc (NYSE:ECL)

Number of Hedge Fund Investors: 47

Water and food safety company Ecolab Inc (NYSE:ECL) is one of the stocks Jim Cramer likes. Cramer hit the “buy, buy, buy” button on the stock in a recent program when he was asked about the stock.  Cramer, however, had a complaint with Ecolab Inc (NYSE:ECL):

“We were too small to be important for them, but it’s really a good business.”

Of the 933 hedge funds tracked by Insider Monkey, 47 hedge funds reported owning stakes in Ecolab Inc (NYSE:ECL).

Mairs & Power Growth Fund stated the following regarding Ecolab Inc. (NYSE:ECL) in its fourth quarter 2023 investor letter:

“All of our Materials holdings—Ecolab Inc. (NYSE:ECL), HB Fuller (FUL), and Sherwin Williams (SHW)—also posted strong results in 2023, a stark reversal from the prior year. After oil prices spiked above $100 in 2022 due to the Ukraine-Russia Conflict, oil has since pulled back to the low $70s. Oil and its by-products are major inputs for all of our Materials holdings; as such, lower oil prices have led to a rebound in profits. For example, our largest Materials holding—Ecolab—is expected to increase earnings more than 15% this year after declining 5% last year.”