Mangrove Partners IM LLC bought a new position in Ecolab Inc. (NYSE:ECL – Free Report) during the fourth quarter, HoldingsChannel.com reports. The fund bought 3,918 shares of the basic materials company’s stock, valued at approximately $1,029,000.
Other institutional investors have also recently modified their holdings of the company. Wexford Capital LP purchased a new stake in shares of Ecolab in the third quarter worth $25,000. JPL Wealth Management LLC purchased a new stake in shares of Ecolab in the third quarter worth $26,000. Meeder Asset Management Inc. purchased a new stake in shares of Ecolab in the fourth quarter worth $29,000. Tradewinds Capital Management LLC grew its stake in shares of Ecolab by 1,375.0% in the fourth quarter. Tradewinds Capital Management LLC now owns 118 shares of the basic materials company’s stock worth $31,000 after acquiring an additional 110 shares during the last quarter. Finally, FSA Wealth Management LLC grew its stake in shares of Ecolab by 88.7% in the third quarter. FSA Wealth Management LLC now owns 117 shares of the basic materials company’s stock worth $32,000 after acquiring an additional 55 shares during the last quarter. 74.91% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
A number of research firms have recently commented on ECL. Jefferies Financial Group cut their target price on Ecolab from $352.00 to $345.00 and set a “buy” rating on the stock in a research note on Wednesday, May 20th. Wells Fargo & Company increased their price objective on Ecolab from $260.00 to $275.00 and gave the company an “equal weight” rating in a research report on Wednesday, June 10th. UBS Group raised Ecolab from a “neutral” rating to a “buy” rating and increased their price objective for the company from $293.00 to $325.00 in a research report on Wednesday, May 27th. Citigroup dropped their price objective on Ecolab from $330.00 to $325.00 and set a “buy” rating on the stock in a research report on Thursday, April 30th. Finally, Robert W. Baird dropped their price objective on Ecolab from $320.00 to $296.00 and set an “outperform” rating on the stock in a research report on Tuesday, March 24th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, Ecolab has a consensus rating of “Moderate Buy” and an average target price of $323.41.
Ecolab Trading Up 2.1%
Ecolab stock opened at $274.15 on Wednesday. The stock has a market capitalization of $77.16 billion, a PE ratio of 37.10, a price-to-earnings-growth ratio of 2.22 and a beta of 0.90. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.99 and a quick ratio of 0.73. The business’s fifty day moving average is $261.28 and its 200 day moving average is $271.25. Ecolab Inc. has a one year low of $243.15 and a one year high of $309.27.
Ecolab (NYSE:ECL – Get Free Report) last announced its earnings results on Tuesday, April 28th. The basic materials company reported $1.70 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.70. The business had revenue of $4.07 billion for the quarter, compared to analysts’ expectations of $4.03 billion. Ecolab had a return on equity of 22.64% and a net margin of 12.80%.The business’s revenue for the quarter was up 10.0% on a year-over-year basis. During the same period last year, the firm posted $1.50 earnings per share. Ecolab has set its FY 2026 guidance at 8.430-8.630 EPS and its Q2 2026 guidance at 2.020-2.120 EPS. On average, sell-side analysts predict that Ecolab Inc. will post 8.47 EPS for the current year.
Ecolab Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 16th will be given 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, June 16th. Ecolab’s dividend payout ratio (DPR) is presently 39.51%.
Insiders Place Their Bets
In other news, Director David Maclennan bought 1,000 shares of the company’s stock in a transaction on Wednesday, May 13th. The shares were acquired at an average cost of $250.65 per share, with a total value of $250,650.00. Following the completion of the transaction, the director owned 25,230 shares of the company’s stock, valued at approximately $6,323,899.50. This trade represents a 4.13% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Michel D. Doukeris bought 7,750 shares of the company’s stock in a transaction on Wednesday, June 10th. The stock was purchased at an average cost of $258.00 per share, for a total transaction of $1,999,500.00. Following the completion of the transaction, the director directly owned 8,326 shares of the company’s stock, valued at approximately $2,148,108. The trade was a 1,345.49% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last three months, insiders bought 10,550 shares of company stock valued at $2,719,508. 0.50% of the stock is currently owned by company insiders.
Ecolab Company 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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