State of Alaska Department of Revenue Has $7.62 Million Stock Position in Ecolab Inc. $ECL

Key Points

• The State of Alaska Department of Revenue decreased its stake in Ecolab Inc. by 4.2%, now holding 28,275 shares valued at $7.62 million.
• Ecolab reported $1.89 earnings per share for the latest quarter, slightly missing analyst estimates, and announced a quarterly dividend of $0.65 per share.
• Analysts have a consensus rating of "Moderate Buy" for Ecolab, with an average price target of $292.00.

State of Alaska Department of Revenue decreased its holdings in Ecolab Inc. (NYSE:ECL - Free Report) by 4.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 28,275 shares of the basic materials company's stock after selling 1,240 shares during the period. State of Alaska Department of Revenue's holdings in Ecolab were worth $7,618,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Saudi Central Bank bought a new stake in Ecolab during the 1st quarter valued at $25,000. Dunhill Financial LLC lifted its stake in Ecolab by 176.7% in the first quarter. Dunhill Financial LLC now owns 119 shares of the basic materials company's stock worth $30,000 after acquiring an additional 76 shares during the last quarter. Ridgewood Investments LLC increased its stake in Ecolab by 70.6% in the first quarter. Ridgewood Investments LLC now owns 145 shares of the basic materials company's stock valued at $37,000 after purchasing an additional 60 shares during the period. Olde Wealth Management LLC acquired a new position in shares of Ecolab during the 1st quarter worth $38,000. Finally, City Holding Co. acquired a new stake in shares of Ecolab during the first quarter valued at $39,000. 74.91% of the stock is owned by hedge funds and other institutional investors.

Ecolab Stock Performance

Shares of NYSE:ECL opened at $271.04 on Friday. The company has a quick ratio of 1.12, a current ratio of 1.44 and a debt-to-equity ratio of 0.80. The firm has a fifty day simple moving average of $272.33 and a two-hundred day simple moving average of $261.44. The stock has a market capitalization of $76.87 billion, a P/E ratio of 36.19, a PEG ratio of 2.79 and a beta of 1.07. Ecolab Inc. has a 52 week low of $221.62 and a 52 week high of $286.04.

Ecolab (NYSE:ECL - Get Free Report) last released its quarterly earnings results on Tuesday, July 29th. The basic materials company reported $1.89 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.90 by ($0.01). The company had revenue of $4.03 billion during the quarter, compared to analyst estimates of $4.03 billion. Ecolab had a net margin of 13.59% and a return on equity of 22.52%. Ecolab has set its Q3 2025 guidance at 2.020-2.120 EPS. FY 2025 guidance at 7.420-7.620 EPS. On average, analysts expect that Ecolab Inc. will post 7.54 earnings per share for the current fiscal year.

Ecolab Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 16th will be issued a $0.65 dividend. The ex-dividend date is Tuesday, September 16th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 1.0%. Ecolab's dividend payout ratio is currently 34.71%.

Analyst Ratings Changes

Several equities analysts recently issued reports on ECL shares. UBS Group raised their price objective on Ecolab from $293.00 to $295.00 and gave the stock a "neutral" rating in a research note on Thursday, August 14th. BMO Capital Markets upped their target price on shares of Ecolab from $307.00 to $310.00 and gave the company an "outperform" rating in a research note on Monday, September 8th. Mizuho increased their price objective on shares of Ecolab from $285.00 to $305.00 and gave the stock an "outperform" rating in a report on Tuesday, July 15th. Raymond James Financial initiated coverage on Ecolab in a report on Tuesday, August 26th. They set a "market perform" rating for the company. Finally, Robert W. Baird increased their price objective on Ecolab from $300.00 to $306.00 and gave the stock an "outperform" rating in a research report on Friday, September 5th. Three analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and five have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $292.00.

Insider Transactions at Ecolab

In related news, Director David Maclennan purchased 600 shares of the firm's stock in a transaction on Wednesday, August 13th. The shares were bought at an average cost of $278.51 per share, for a total transaction of $167,106.00. Following the transaction, the director directly owned 20,253 shares of the company's stock, valued at approximately $5,640,663.03. This trade represents a 3.05% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Suzanne M. Vautrinot sold 1,354 shares of Ecolab stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $283.16, for a total value of $383,398.64. Following the completion of the transaction, the director directly owned 11,199 shares of the company's stock, valued at $3,171,108.84. This represents a 10.79% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.04% of the stock is currently owned by corporate insiders.

Ecolab Profile

Ecolab Inc provides water, hygiene, and infection prevention solutions and services in the United States and internationally. The company operates through three segments: Global Industrial; Global Institutional & Specialty; and Global Healthcare & Life Sciences. The Global Industrial segment offers water treatment and process applications, and cleaning and sanitizing solutions to manufacturing, food and beverage processing, transportation, chemical, metals and mining, power generation, pulp and paper, commercial laundry, petroleum, refining, and petrochemical industries.

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