5 Best Materials Dividend Stocks To Buy Now

3. Ecolab Inc (NYSE:ECL)

Number of Hedge Funds: 53

Water purification services company Ecolab Inc (NYSE:ECL) has a dividend of 1.12% as of December 6. A total of 53 hedge funds tracked by Insider Monkey had stakes in Ecolab Inc (NYSE:ECL). The most significant stakeholder of Ecolab Inc (NYSE:ECL) is Michael Larson’s Bill & Melinda Gates Foundation Trust which owns an $884 million stake in the company.

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.”