Billionaire Richard Chilton is Dumping These 5 Stocks

2. Ecolab Inc. (NYSE:ECL)

Number of Hedge Fund Holders: 39

Ecolab Inc. (NYSE:ECL) provides water, hygiene, and infection prevention solutions and services worldwide. The company operates through the following segments: Global Industrial, Global Institutional & Specialty, and Global Healthcare & Life Sciences. On December 2, Ecolab Inc. (NYSE:ECL) announced that its board of directors raised the company’s quarterly dividend by 6.3% to $0.51 per share, up from $0.48 per share. The dividend is payable on January 18, 2022, for shareholders of record December 14, 2021.

This December, Evercore ISI analyst Stephen Richardson resumed coverage of Ecolab Inc. (NYSE:ECL) with an In-Line rating and a $235 price target.

By the end of the third quarter of 2021, 39 hedge funds held stakes in Ecolab Inc. (NYSE:ECL) worth $2.55 billion. Chilton Investment Company was not one of these 39 funds since Mr. Chilton sold his stakes in the company and completely exited the stock in the third quarter.