Glenview Trust Co Has $33.59 Million Stock Position in Ecolab Inc. $ECL

Key Points

• Glenview Trust Co boosted its Ecolab stake by 17.1% in the first quarter, buying 18,405 more shares and bringing its total holding to 126,273 shares worth about $33.59 million.
• Ecolab reported solid quarterly results, with $1.70 EPS matching expectations and revenue of $4.07 billion topping estimates; revenue also rose 10% year over year.
• The company paid a quarterly dividend of $0.73 per share and continues to draw mostly positive analyst sentiment, with a consensus rating of Moderate Buy and an average price target of $324.06.

Glenview Trust Co increased its holdings in shares of Ecolab Inc. (NYSE:ECL - Free Report) by 17.1% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 126,273 shares of the basic materials company's stock after purchasing an additional 18,405 shares during the period. Glenview Trust Co's holdings in Ecolab were worth $33,591,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Brighton Jones LLC raised its stake in Ecolab by 164.7% in the 4th quarter. Brighton Jones LLC now owns 3,700 shares of the basic materials company's stock valued at $867,000 after acquiring an additional 2,302 shares during the period. Sivia Capital Partners LLC boosted its position in Ecolab by 39.8% during the second quarter. Sivia Capital Partners LLC now owns 1,384 shares of the basic materials company's stock worth $373,000 after purchasing an additional 394 shares during the period. Schnieders Capital Management LLC. increased its holdings in shares of Ecolab by 22.9% in the second quarter. Schnieders Capital Management LLC. now owns 1,166 shares of the basic materials company's stock valued at $314,000 after purchasing an additional 217 shares during the last quarter. NewEdge Advisors LLC increased its holdings in shares of Ecolab by 0.8% in the second quarter. NewEdge Advisors LLC now owns 21,096 shares of the basic materials company's stock valued at $5,684,000 after purchasing an additional 171 shares during the last quarter. Finally, CIBC Asset Management Inc raised its position in shares of Ecolab by 49.4% in the second quarter. CIBC Asset Management Inc now owns 58,421 shares of the basic materials company's stock valued at $15,741,000 after purchasing an additional 19,324 shares during the period. Institutional investors own 74.91% of the company's stock.

Insider Activity

In other news, Director Suzanne M. Vautrinot sold 1,004 shares of the stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $264.98, for a total transaction of $266,039.92. Following the sale, the director directly owned 11,651 shares of the company's stock, valued at approximately $3,087,281.98. This represents a 7.93% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director David Maclennan purchased 1,000 shares of the firm's stock in a transaction that occurred on Wednesday, May 13th. The stock was bought at an average price of $250.65 per share, for a total transaction of $250,650.00. Following the transaction, the director directly owned 25,230 shares of the company's stock, valued at $6,323,899.50. This trade represents a 4.13% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last quarter, insiders purchased 10,550 shares of company stock worth $2,719,508. 0.50% of the stock is owned by insiders.

Ecolab Stock Performance

NYSE ECL opened at $268.02 on Tuesday. The firm has a 50-day moving average price of $265.31 and a two-hundred day moving average price of $273.11. Ecolab Inc. has a 12-month low of $243.15 and a 12-month high of $309.27. The company has a market capitalization of $75.43 billion, a P/E ratio of 36.27, a P/E/G ratio of 2.39 and a beta of 0.89. The company has a quick ratio of 0.73, a current ratio of 0.99 and a debt-to-equity ratio of 0.69.

Ecolab (NYSE:ECL - Get Free Report) last announced its earnings results on Tuesday, April 28th. The basic materials company reported $1.70 EPS for the quarter, hitting the consensus estimate of $1.70. Ecolab had a net margin of 12.80% and a return on equity of 22.64%. The company had revenue of $4.07 billion for the quarter, compared to analysts' expectations of $4.03 billion. During the same period last year, the firm earned $1.50 earnings per share. The business's revenue for the quarter was up 10.0% on a year-over-year basis. Ecolab has set its FY 2026 guidance at 8.430-8.630 EPS and its Q2 2026 guidance at 2.020-2.120 EPS. Analysts anticipate that Ecolab Inc. will post 8.13 earnings per share for the current year.

Ecolab Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 16th were issued a $0.73 dividend. The ex-dividend date of this dividend was Tuesday, June 16th. This represents a $2.92 annualized dividend and a yield of 1.1%. Ecolab's payout ratio is currently 39.51%.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Jefferies Financial Group reduced their target price on shares of Ecolab from $352.00 to $345.00 and set a "buy" rating for the company in a report on Wednesday, May 20th. Royal Bank Of Canada reissued an "outperform" rating and issued a $337.00 price target on shares of Ecolab in a report on Tuesday, July 7th. Weiss Ratings downgraded shares of Ecolab from a "buy (b)" rating to a "buy (b-)" rating in a research report on Wednesday, May 20th. Wells Fargo & Company boosted their price objective on Ecolab from $260.00 to $275.00 and gave the stock an "equal weight" rating in a report on Wednesday, June 10th. Finally, Bank of America upped their target price on Ecolab from $337.00 to $345.00 and gave the company a "buy" rating in a research report on Tuesday, April 21st. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $324.06.

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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