one8zero8 LLC acquired a new stake in shares of Ecolab Inc. (NYSE:ECL – Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 15,746 shares of the basic materials company’s stock, valued at approximately $4,387,000.
A number of other institutional investors also recently modified their holdings of ECL. Wexford Capital LP purchased a new stake in shares of Ecolab in the third quarter worth approximately $25,000. JPL Wealth Management LLC bought a new position in shares of Ecolab in the third quarter valued at approximately $26,000. Costello Asset Management INC purchased a new position in shares of Ecolab during the first quarter valued at approximately $27,000. Kemnay Advisory Services Inc. bought a new stake in Ecolab during the fourth quarter worth $27,000. Finally, J.Safra Asset Management Corp bought a new stake in Ecolab during the second quarter worth $28,000. 74.91% of the stock is owned by institutional investors and hedge funds.
Insider Activity
In other Ecolab news, EVP Benjamin M. Clark acquired 1,000 shares of the stock in a transaction that occurred on Thursday, June 11th. The shares were bought at an average price of $263.83 per share, for a total transaction of $263,830.00. Following the completion of the transaction, the executive vice president owned 1,083 shares of the company’s stock, valued at approximately $285,727.89. This represents a 1,204.82% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Suzanne M. Vautrinot sold 1,004 shares of the business’s stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $264.98, for a total value of $266,039.92. Following the transaction, the director owned 11,651 shares of the company’s stock, valued at approximately $3,087,281.98. The trade was a 7.93% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 0.50% of the company’s stock.
Ecolab Stock Performance
Ecolab (NYSE:ECL – Get Free Report) last issued its earnings results on Tuesday, July 28th. The basic materials company reported $2.09 EPS for the quarter, topping the consensus estimate of $2.08 by $0.01. The business had revenue of $4.42 billion during the quarter, compared to the consensus estimate of $4.38 billion. Ecolab had a return on equity of 22.72% and a net margin of 12.57%.The firm’s revenue was up 9.7% compared to the same quarter last year. During the same quarter last year, the company earned $1.89 EPS. Ecolab has set its Q3 2026 guidance at 2.130-2.230 EPS. Research analysts predict that Ecolab Inc. will post 8.17 EPS for the current year.
Ecolab Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Tuesday, September 15th will be given a $0.73 dividend. This represents a $2.92 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date is Tuesday, September 15th. Ecolab’s dividend payout ratio (DPR) is 39.19%.
Analyst Upgrades and Downgrades
A number of analysts recently commented on the company. JPMorgan Chase & Co. increased their price target on Ecolab from $295.00 to $305.00 and gave the company an “overweight” rating in a research report on Wednesday, July 29th. Zacks Research downgraded Ecolab from a “hold” rating to a “strong sell” rating in a research note on Monday, July 20th. Oppenheimer raised Ecolab from a “market perform” rating to an “outperform” rating and set a $320.00 target price for the company in a research report on Friday, July 17th. Royal Bank Of Canada reiterated an “outperform” rating and set a $337.00 target price on shares of Ecolab in a research note on Tuesday, July 7th. Finally, Mizuho boosted their price target on shares of Ecolab from $325.00 to $327.00 and gave the stock an “outperform” rating in a report on Wednesday, July 29th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $327.56.
Read Our Latest Research Report on ECL
Ecolab Company Profile
Ecolab, Inc is a global provider of water, hygiene and infection prevention solutions and services. The company develops and supplies cleaning and sanitizing chemicals, dispensing equipment, water-treatment systems, pest elimination services and related technologies designed to help businesses maintain clean, safe and efficient operations. Its offerings span both products and onsite services, often paired with technical support and training.
Ecolab serves a broad range of end markets including hospitality and foodservice, food and beverage processing, healthcare, manufacturing and industrial operations, and energy and utilities.
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