Jupiter Topco LLC purchased a new stake in Ecolab Inc. (NYSE:ECL - Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 903,516 shares of the basic materials company's stock, valued at approximately $251,725,000. Jupiter Topco LLC owned about 0.32% of Ecolab at the end of the most recent reporting period.
Several other hedge funds have also added to or reduced their stakes in ECL. Wexford Capital LP acquired a new position in shares of Ecolab in the 3rd quarter valued at approximately $25,000. JPL Wealth Management LLC acquired a new stake in Ecolab during the 3rd quarter worth approximately $26,000. Costello Asset Management INC bought a new position in Ecolab in the first quarter valued at approximately $27,000. Kemnay Advisory Services Inc. acquired a new position in shares of Ecolab in the fourth quarter valued at approximately $27,000. Finally, J.Safra Asset Management Corp bought a new stake in shares of Ecolab during the second quarter worth $28,000. Institutional investors and hedge funds own 74.91% of the company's stock.
Wall Street Analysts Forecast Growth
ECL has been the topic of a number of research analyst reports. UBS Group restated a "buy" rating and set a $342.00 price objective on shares of Ecolab in a report on Wednesday, July 29th. JPMorgan Chase & Co. increased their target price on Ecolab from $295.00 to $305.00 and gave the stock an "overweight" rating in a report on Wednesday, July 29th. Mizuho lifted their price target on Ecolab from $325.00 to $327.00 and gave the company an "outperform" rating in a research note on Wednesday, July 29th. Zacks Research lowered Ecolab from a "hold" rating to a "strong sell" rating in a report on Monday, July 20th. Finally, Jefferies Financial Group reduced their price objective on Ecolab from $352.00 to $345.00 and set a "buy" rating for the company in a research report on Wednesday, May 20th. One research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $327.56.
Get Our Latest Stock Analysis on Ecolab
Ecolab Stock Up 0.5%
ECL stock opened at $290.87 on Thursday. The company has a market cap of $81.54 billion, a price-to-earnings ratio of 39.04, a P/E/G ratio of 2.50 and a beta of 0.88. Ecolab Inc. has a twelve month low of $243.15 and a twelve month high of $309.27. The business has a 50 day moving average price of $277.68 and a two-hundred day moving average price of $273.73. The company has a quick ratio of 1.57, a current ratio of 1.84 and a debt-to-equity ratio of 1.18.
Ecolab (NYSE:ECL - Get Free Report) last announced its quarterly earnings results on Tuesday, July 28th. The basic materials company reported $2.09 EPS for the quarter, beating analysts' consensus estimates of $2.08 by $0.01. Ecolab had a net margin of 12.57% and a return on equity of 22.72%. The firm had revenue of $4.42 billion during the quarter, compared to analysts' expectations of $4.38 billion. During the same quarter last year, the company posted $1.89 earnings per share. The company's revenue for the quarter was up 9.7% compared to the same quarter last year. Ecolab has set its Q3 2026 guidance at 2.130-2.230 EPS. Analysts anticipate that Ecolab Inc. will post 8.17 EPS for the current fiscal year.
Ecolab Announces Dividend
The firm also recently declared 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. This represents a $2.92 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date is Tuesday, September 15th. Ecolab's dividend payout ratio is 39.19%.
Insider Activity at Ecolab
In other Ecolab news, EVP Benjamin M. Clark purchased 1,000 shares of the company's stock in a transaction dated Thursday, June 11th. The stock was bought at an average cost 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 in the company, valued at approximately $285,727.89. This represents a 1,204.82% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, Director Michel D. Doukeris acquired 7,750 shares of the company's stock in a transaction on Wednesday, June 10th. The stock was bought at an average cost of $258.00 per share, with a total value of $1,999,500.00. Following the completion of the acquisition, the director directly owned 8,326 shares in the company, valued at approximately $2,148,108. This represents a 1,345.49% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 0.50% of the stock is owned by insiders.
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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