Perigon Wealth Management LLC Makes New $2.45 Million Investment in Ecolab Inc. $ECL

Key Points

• Perigon Wealth Management purchased 8,784 Ecolab shares worth approximately $2.45 million in the second quarter. Institutional investors collectively own 74.91% of Ecolab.
• Ecolab reported quarterly earnings of $2.09 per share and revenue of $4.42 billion, slightly exceeding analyst expectations; revenue increased 9.7% year over year. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $327.56.
• Ecolab declared a quarterly dividend of $0.73 per share, equivalent to $2.92 annually and a 1.1% yield. The company’s shares opened at $275.87, near their 50-day and 200-day moving averages.

Perigon Wealth Management LLC acquired a new stake in shares of Ecolab Inc. (NYSE:ECL - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 8,784 shares of the basic materials company's stock, valued at approximately $2,447,000.

Other institutional investors also recently modified their holdings of the company. Turtle Creek Wealth Advisors LLC increased its holdings in Ecolab by 3.6% during the 4th quarter. Turtle Creek Wealth Advisors LLC now owns 1,028 shares of the basic materials company's stock valued at $270,000 after purchasing an additional 36 shares during the period. HBK Sorce Advisory LLC increased its stake in shares of Ecolab by 2.7% during the fourth quarter. HBK Sorce Advisory LLC now owns 1,362 shares of the basic materials company's stock valued at $395,000 after buying an additional 36 shares during the period. Addison Advisors LLC raised its holdings in shares of Ecolab by 5.2% during the fourth quarter. Addison Advisors LLC now owns 764 shares of the basic materials company's stock valued at $201,000 after acquiring an additional 38 shares in the last quarter. CYBER HORNET ETFs LLC lifted its stake in Ecolab by 5.5% in the fourth quarter. CYBER HORNET ETFs LLC now owns 730 shares of the basic materials company's stock worth $192,000 after acquiring an additional 38 shares during the period. Finally, Rothschild Investment LLC boosted its holdings in Ecolab by 9.0% in the fourth quarter. Rothschild Investment LLC now owns 486 shares of the basic materials company's stock valued at $128,000 after acquiring an additional 40 shares in the last quarter. 74.91% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, EVP Benjamin M. Clark acquired 1,000 shares of the business's stock in a transaction that occurred on Thursday, June 11th. The shares were bought at an average cost of $263.83 per share, with a total value of $263,830.00. Following the transaction, the executive vice president owned 1,083 shares of the company's stock, valued at $285,727.89. This trade represents a 1,204.82% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Suzanne M. Vautrinot sold 1,004 shares of Ecolab stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $264.98, for a total transaction of $266,039.92. Following the completion of the transaction, the director directly owned 11,651 shares of the company's stock, valued at $3,087,281.98. This trade represents a 7.93% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.50% of the company's stock.

Analyst Ratings Changes

ECL has been the subject of several research analyst reports. Bank of America raised their target price on shares of Ecolab from $337.00 to $345.00 and gave the stock a "buy" rating in a research report on Tuesday, April 21st. Robert W. Baird set a $305.00 price target on shares of Ecolab in a research note on Wednesday, July 29th. Deutsche Bank Aktiengesellschaft lifted their price objective on Ecolab from $325.00 to $335.00 and gave the company a "buy" rating in a research report on Thursday, July 9th. Weiss Ratings lowered Ecolab from a "buy (b)" rating to a "buy (b-)" rating in a research report on Wednesday, May 20th. Finally, Oppenheimer upgraded Ecolab from a "market perform" rating to an "outperform" rating and set a $320.00 target price for the company in a research note on Friday, July 17th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $327.56.

Ecolab Trading Down 0.1%

Shares of NYSE ECL opened at $275.87 on Tuesday. Ecolab Inc. has a 1 year low of $243.15 and a 1 year high of $309.27. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.84 and a quick ratio of 1.57. The firm has a 50-day moving average of $275.00 and a 200 day moving average of $273.67. The stock has a market cap of $77.33 billion, a P/E ratio of 37.03, a price-to-earnings-growth ratio of 2.38 and a beta of 0.88.

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, topping 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 business had revenue of $4.42 billion for the quarter, compared to analysts' expectations of $4.38 billion. During the same quarter in the prior year, the company earned $1.89 earnings per share. The business's revenue was up 9.7% compared to the same quarter last year. Ecolab has set its Q3 2026 guidance at 2.130-2.230 EPS. As a group, sell-side analysts expect that Ecolab Inc. will post 8.17 EPS for the current fiscal year.

Ecolab Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Tuesday, September 15th will be issued a $0.73 dividend. This represents a $2.92 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend is Tuesday, September 15th. Ecolab's payout ratio is 39.19%.

Ecolab 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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