Great Lakes Advisors LLC acquired a new stake in shares of Ecolab Inc. (NYSE:ECL – Free Report) during the second quarter, HoldingsChannel.com reports. The institutional investor acquired 6,616 shares of the basic materials company’s stock, valued at approximately $1,843,000.
Other large investors have also added to or reduced their stakes in 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 worth $270,000 after acquiring an additional 36 shares during the period. HBK Sorce Advisory LLC grew its position in shares of Ecolab by 2.7% during the 4th quarter. HBK Sorce Advisory LLC now owns 1,362 shares of the basic materials company’s stock valued at $395,000 after purchasing an additional 36 shares in the last quarter. Addison Advisors LLC increased its holdings in shares of Ecolab by 5.2% in the fourth quarter. Addison Advisors LLC now owns 764 shares of the basic materials company’s stock worth $201,000 after purchasing an additional 38 shares during the period. CYBER HORNET ETFs LLC raised its position in shares of 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 buying an additional 38 shares in the last quarter. Finally, Rothschild Investment LLC boosted its stake in Ecolab by 9.0% during the fourth quarter. Rothschild Investment LLC now owns 486 shares of the basic materials company’s stock valued at $128,000 after buying an additional 40 shares during the period. Institutional investors own 74.91% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently weighed in on the stock. Oppenheimer raised shares of Ecolab from a “market perform” rating to an “outperform” rating and set a $320.00 target price on the stock in a research note on Friday, July 17th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Ecolab from $325.00 to $335.00 and gave the company a “buy” rating in a report on Thursday, July 9th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $337.00 price objective on shares of Ecolab in a report on Tuesday, July 7th. Mizuho raised their target price on shares of Ecolab from $325.00 to $327.00 and gave the stock an “outperform” rating in a report on Wednesday, July 29th. Finally, Citigroup boosted their price objective on shares of Ecolab from $325.00 to $330.00 and gave the company a “buy” rating in a research report on Wednesday, June 24th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Ecolab presently has a consensus rating of “Moderate Buy” and a consensus target price of $327.56.
Ecolab Price Performance
Shares of ECL stock opened at $281.91 on Friday. The business’s fifty day moving average is $276.56 and its 200 day moving average is $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. The stock has a market cap of $79.03 billion, a price-to-earnings ratio of 37.84, a PEG ratio of 2.43 and a beta of 0.88. Ecolab Inc. has a twelve month low of $243.15 and a twelve month high of $309.27.
Ecolab (NYSE:ECL – Get Free Report) last announced its earnings results 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. The business had revenue of $4.42 billion during the quarter, compared to the consensus estimate of $4.38 billion. Ecolab had a net margin of 12.57% and a return on equity of 22.72%. The business’s revenue for the quarter was up 9.7% on a year-over-year basis. During the same quarter last year, the firm earned $1.89 earnings per share. Ecolab has set its Q3 2026 guidance at 2.130-2.230 EPS. Research analysts expect that Ecolab Inc. will post 8.17 EPS for the current fiscal year.
Ecolab Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Tuesday, September 15th will be paid a dividend of $0.73 per share. 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 (DPR) is currently 39.19%.
Insider Transactions at Ecolab
In other news, Director Michel D. Doukeris purchased 7,750 shares of the business’s stock in a transaction dated Wednesday, June 10th. The shares were purchased at an average price of $258.00 per share, for a total transaction of $1,999,500.00. Following the completion of the acquisition, the director directly owned 8,326 shares in the company, valued at $2,148,108. This represents a 1,345.49% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Christophe Beck sold 17,862 shares of the business’s stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $280.14, for a total transaction of $5,003,860.68. Following the completion of the transaction, the chief executive officer owned 72,932 shares of the company’s stock, valued at approximately $20,431,170.48. The trade was a 19.67% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 28,866 shares of company stock valued at $7,878,801. 0.50% of the stock is currently owned by insiders.
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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