Kingsview Wealth Management LLC purchased a new stake in shares of Ecolab Inc. (NYSE:ECL - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 3,569 shares of the basic materials company's stock, valued at approximately $994,000.
Several other institutional investors have also added to or reduced their stakes in the company. Wexford Capital LP purchased a new position in shares of Ecolab in the third quarter valued at $25,000. JPL Wealth Management LLC purchased a new stake in Ecolab during the third quarter valued at $26,000. Costello Asset Management INC bought a new position in Ecolab during the first quarter valued at $27,000. Kemnay Advisory Services Inc. purchased a new position in shares of Ecolab in the 4th quarter worth $27,000. Finally, J.Safra Asset Management Corp bought a new stake in shares of Ecolab in the 2nd quarter worth about $28,000. Hedge funds and other institutional investors own 74.91% of the company's stock.
Ecolab Stock Up 0.1%
Shares of ECL opened at $287.06 on Monday. The firm has a fifty day moving average price of $278.36 and a 200-day moving average price of $273.69. The company has a current ratio of 1.84, a quick ratio of 1.57 and a debt-to-equity ratio of 1.18. The firm has a market capitalization of $80.47 billion, a P/E ratio of 38.53, a P/E/G ratio of 2.48 and a beta of 0.88. Ecolab Inc. has a 12-month low of $243.15 and a 12-month high of $309.27.
Ecolab (NYSE:ECL - Get Free Report) last announced its quarterly earnings data on Tuesday, July 28th. The basic materials company reported $2.09 earnings per share for the quarter, beating analysts' consensus estimates of $2.08 by $0.01. The company had revenue of $4.42 billion during the quarter, compared to analyst estimates of $4.38 billion. Ecolab had a net margin of 12.57% and a return on equity of 22.72%. The firm's revenue for the quarter was up 9.7% on a year-over-year basis. During the same quarter last year, the business posted $1.89 EPS. Ecolab has set its Q3 2026 guidance at 2.130-2.230 EPS. Equities research analysts expect that Ecolab Inc. will post 8.17 earnings per share for the current year.
Ecolab Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Tuesday, September 15th will be paid a $0.73 dividend. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $2.92 annualized dividend and a yield of 1.0%. Ecolab's dividend payout ratio is 39.19%.
Insider Transactions at Ecolab
In other news, Director Michel D. Doukeris purchased 7,750 shares of the company's stock in a transaction dated Wednesday, June 10th. The shares were acquired at an average price of $258.00 per share, with a total value of $1,999,500.00. Following the transaction, the director owned 8,326 shares of the company's stock, valued at $2,148,108. This represents a 1,345.49% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Benjamin M. Clark acquired 1,000 shares of the firm's stock in a transaction that occurred on Thursday, June 11th. The stock was purchased at an average price of $263.83 per share, with a total value of $263,830.00. Following the completion of the acquisition, the executive vice president directly owned 1,083 shares of the company's stock, valued at $285,727.89. This represents a 1,204.82% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 0.50% of the stock is owned by company insiders.
Analyst Ratings Changes
A number of brokerages recently commented on ECL. Citigroup increased their price target on shares of Ecolab from $325.00 to $330.00 and gave the company a "buy" rating in a report on Wednesday, June 24th. UBS Group reaffirmed a "buy" rating and issued a $342.00 price objective on shares of Ecolab in a research note on Wednesday, July 29th. Jefferies Financial Group dropped their target price on Ecolab from $352.00 to $345.00 and set a "buy" rating for the company in a report on Wednesday, May 20th. Mizuho boosted their target price on Ecolab from $325.00 to $327.00 and gave the company an "outperform" rating in a research report on Wednesday, July 29th. Finally, Weiss Ratings restated a "buy (b-)" rating on shares of Ecolab in a report on Monday, August 17th. One research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $327.56.
Read Our Latest Analysis on ECL
Ecolab Profile
(
Free Report)
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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