Firetrail Investments PTY Ltd. bought a new position in shares of Ecolab Inc. (NYSE:ECL – Free Report) during the second quarter, according to its most recent filing with the SEC. The fund bought 37,942 shares of the basic materials company’s stock, valued at approximately $10,507,000. Ecolab accounts for 3.0% of Firetrail Investments PTY Ltd.’s investment portfolio, making the stock its 13th largest holding.
Several other institutional investors also recently added to or reduced their stakes in ECL. Wexford Capital LP purchased a new stake in Ecolab during the third quarter worth about $25,000. JPL Wealth Management LLC purchased a new position in Ecolab in the third quarter valued at about $26,000. Costello Asset Management INC purchased a new position in Ecolab in the first quarter valued at about $27,000. Kemnay Advisory Services Inc. bought a new position in shares of Ecolab during the 4th quarter valued at approximately $27,000. Finally, J.Safra Asset Management Corp purchased a new stake in shares of Ecolab during the 2nd quarter worth approximately $28,000. Institutional investors own 74.91% of the company’s stock.
Analysts Set New Price Targets
Several equities analysts recently commented on ECL shares. Wells Fargo & Company upped their price objective on Ecolab from $275.00 to $295.00 and gave the company an “equal weight” rating in a research note on Thursday, July 30th. Jefferies Financial Group decreased their target price on Ecolab from $352.00 to $345.00 and set a “buy” rating for the company in a research report on Wednesday, May 20th. JPMorgan Chase & Co. boosted their target price on Ecolab from $295.00 to $305.00 and gave the company an “overweight” rating in a research note on Wednesday, July 29th. Citigroup upped their price target on Ecolab from $325.00 to $330.00 and gave the company a “buy” rating in a research report on Wednesday, June 24th. Finally, Weiss Ratings downgraded Ecolab from a “buy (b)” rating to a “buy (b-)” rating in a research note on Wednesday, May 20th. One analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $327.56.
Insider Buying and Selling
In related news, Director Michel D. Doukeris bought 7,750 shares of the business’s stock in a transaction on Wednesday, June 10th. The stock was acquired at an average price of $258.00 per share, for a total transaction of $1,999,500.00. Following the purchase, the director directly owned 8,326 shares in the company, valued at $2,148,108. This trade represents a 1,345.49% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Darrell R. Brown sold 10,000 shares of Ecolab stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $260.89, for a total value of $2,608,900.00. Following the transaction, the chief operating officer directly owned 32,733 shares of the company’s stock, valued at $8,539,712.37. The trade was a 23.40% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.50% of the stock is owned by corporate insiders.
Ecolab Stock Performance
Shares of ECL stock opened at $276.28 on Monday. The firm’s 50 day moving average is $274.64 and its 200 day moving average is $273.73. The stock has a market capitalization of $77.45 billion, a P/E ratio of 37.09, a PEG ratio of 2.38 and a beta of 0.88. Ecolab Inc. has a 12 month low of $243.15 and a 12 month high of $309.27. The company has a current ratio of 1.84, a quick ratio of 1.57 and a debt-to-equity ratio of 1.18.
Ecolab (NYSE:ECL – Get Free Report) last released 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. Ecolab had a net margin of 12.57% and a return on equity of 22.72%. The business had revenue of $4.42 billion during the quarter, compared to analyst estimates of $4.38 billion. During the same period in the previous year, the business earned $1.89 EPS. Ecolab’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. On average, sell-side analysts anticipate that Ecolab Inc. will post 8.17 earnings per share for the current year.
Ecolab Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Tuesday, September 15th will be given a $0.73 dividend. The ex-dividend date is Tuesday, September 15th. This represents a $2.92 annualized dividend and a dividend yield of 1.1%. Ecolab’s payout ratio is 39.19%.
About Ecolab
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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