Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in shares of Ecolab Inc. (NYSE:ECL – Free Report) in the second quarter, Holdings Channel reports. The firm purchased 1,845 shares of the basic materials company’s stock, valued at approximately $515,000.
A number of other large investors have also recently made changes to their positions in ECL. Brighton Jones LLC boosted its stake in Ecolab by 164.7% during the 4th quarter. Brighton Jones LLC now owns 3,700 shares of the basic materials company’s stock valued at $867,000 after purchasing an additional 2,302 shares during the last quarter. Sivia Capital Partners LLC increased its holdings in Ecolab by 39.8% during the 2nd quarter. Sivia Capital Partners LLC now owns 1,384 shares of the basic materials company’s stock worth $373,000 after purchasing an additional 394 shares in the last quarter. Schnieders Capital Management LLC. raised its stake in shares of Ecolab by 22.9% in the second quarter. Schnieders Capital Management LLC. now owns 1,166 shares of the basic materials company’s stock worth $314,000 after purchasing an additional 217 shares during the last quarter. NewEdge Advisors LLC lifted its holdings in shares of Ecolab by 0.8% in the second quarter. NewEdge Advisors LLC now owns 21,096 shares of the basic materials company’s stock valued at $5,684,000 after purchasing an additional 171 shares in the last quarter. Finally, CIBC Asset Management Inc lifted its holdings in shares of Ecolab by 49.4% in the second quarter. CIBC Asset Management Inc now owns 58,421 shares of the basic materials company’s stock valued at $15,741,000 after purchasing an additional 19,324 shares in the last quarter. 74.91% of the stock is owned by institutional investors.
Insider Transactions at Ecolab
In other news, Director Michel D. Doukeris bought 7,750 shares of the stock in a transaction on Wednesday, June 10th. The shares were purchased at an average cost of $258.00 per share, for a total transaction of $1,999,500.00. Following the completion of the purchase, 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Benjamin M. Clark purchased 1,000 shares of the business’s stock in a transaction dated Thursday, June 11th. The shares were purchased at an average price of $263.83 per share, with a total value of $263,830.00. Following the purchase, the executive vice president directly owned 1,083 shares in the company, valued at $285,727.89. This trade represents a 1,204.82% increase in their position. The disclosure for this purchase is available in the SEC filing. 0.50% of the stock is currently owned by company insiders.
Ecolab Stock Up 0.4%
Ecolab (NYSE:ECL – Get Free Report) last issued its quarterly earnings results on Tuesday, July 28th. The basic materials company reported $2.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.08 by $0.01. The company had revenue of $4.42 billion during the quarter, compared to analyst estimates of $4.38 billion. Ecolab had a net margin of 12.57% and a return on equity of 22.72%. Ecolab’s quarterly revenue was up 9.7% compared to the same quarter last year. During the same quarter last year, the business posted $1.89 EPS. Ecolab has set its Q3 2026 guidance at 2.130-2.230 EPS. As a group, equities analysts expect that Ecolab Inc. will post 8.17 earnings per share for the current year.
Ecolab Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Tuesday, September 15th will be given a $0.73 dividend. This represents a $2.92 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend is Tuesday, September 15th. Ecolab’s dividend payout ratio (DPR) is currently 39.19%.
Wall Street Analysts Forecast Growth
ECL has been the subject of several recent research reports. Oppenheimer upgraded Ecolab from a “market perform” rating to an “outperform” rating and set a $320.00 price target for the company in a report on Friday, July 17th. Jefferies Financial Group dropped their price objective on Ecolab from $352.00 to $345.00 and set a “buy” rating on the stock in a research note on Wednesday, May 20th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Ecolab from $325.00 to $335.00 and gave the stock a “buy” rating in a research note on Thursday, July 9th. Robert W. Baird set a $305.00 target price on shares of Ecolab in a report on Wednesday, July 29th. Finally, Royal Bank Of Canada reissued an “outperform” rating and set a $337.00 price target on shares of Ecolab in a research report on Tuesday, July 7th. One analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $327.56.
Get Our Latest Research Report on Ecolab
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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