Peak Asset Management LLC purchased a new position in Ecolab Inc. (NYSE:ECL – Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 10,575 shares of the basic materials company’s stock, valued at approximately $2,946,000.
Other large investors also recently made changes to their positions in the company. Vanguard Group Inc. grew its position in Ecolab by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 25,327,693 shares of the basic materials company’s stock valued at $6,649,026,000 after purchasing an additional 137,578 shares during the period. BlackRock Inc. acquired a new stake in shares of Ecolab in the 2nd quarter worth about $6,422,340,000. JPMorgan Chase & Co. lifted its position in Ecolab by 63.1% in the 4th quarter. JPMorgan Chase & Co. now owns 10,622,035 shares of the basic materials company’s stock valued at $2,788,497,000 after acquiring an additional 4,110,472 shares in the last quarter. Morgan Stanley boosted its stake in Ecolab by 5.9% during the 4th quarter. Morgan Stanley now owns 7,883,084 shares of the basic materials company’s stock valued at $2,069,468,000 after purchasing an additional 441,747 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of Ecolab by 0.8% in the fourth quarter. Geode Capital Management LLC now owns 5,635,339 shares of the basic materials company’s stock worth $1,472,599,000 after purchasing an additional 46,569 shares during the last quarter. 74.91% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several research analysts recently issued reports on ECL shares. Zacks Research cut Ecolab from a “hold” rating to a “strong sell” rating in a research report on Monday, July 20th. Jefferies Financial Group lowered their target price on shares of Ecolab from $352.00 to $345.00 and set a “buy” rating for the company in a report on Wednesday, May 20th. JPMorgan Chase & Co. raised their price target on shares of Ecolab from $295.00 to $305.00 and gave the company an “overweight” rating in a research report on Wednesday, July 29th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Ecolab in a research report on Monday, August 17th. Finally, Citigroup lifted their target price on shares of Ecolab from $325.00 to $330.00 and gave the stock a “buy” rating in a research report on Wednesday, June 24th. One analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $327.56.
Insiders Place Their Bets
In other Ecolab news, Director Suzanne M. Vautrinot sold 1,004 shares of the company’s stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $264.98, for a total transaction of $266,039.92. Following the sale, the director directly owned 11,651 shares of the company’s stock, valued at $3,087,281.98. This represents a 7.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Christophe Beck sold 17,862 shares of the firm’s stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $280.14, for a total value of $5,003,860.68. Following the completion of the transaction, the chief executive officer directly owned 72,932 shares of the company’s stock, valued at $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. Insiders sold a total of 28,866 shares of company stock worth $7,878,801 in the last ninety days. 0.50% of the stock is owned by corporate insiders.
Ecolab Stock Up 1.9%
Ecolab stock opened at $287.03 on Tuesday. Ecolab Inc. has a twelve month low of $243.15 and a twelve month high of $309.27. The firm has a 50 day moving average price of $276.92 and a 200-day moving average price of $273.69. The company has a market capitalization of $80.46 billion, a P/E ratio of 38.53, a P/E/G ratio of 2.43 and a beta of 0.88. The company has a quick ratio of 1.57, a current ratio of 1.84 and a debt-to-equity ratio of 1.18.
Ecolab (NYSE:ECL – Get Free Report) last posted its quarterly earnings results on Tuesday, July 28th. The basic materials company reported $2.09 EPS for the quarter, topping 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 company had revenue of $4.42 billion for the quarter, compared to analysts’ expectations of $4.38 billion. During the same quarter in the previous year, the firm posted $1.89 EPS. Ecolab’s revenue was up 9.7% on a year-over-year basis. Ecolab has set its Q3 2026 guidance at 2.130-2.230 EPS. As a group, equities analysts predict that Ecolab Inc. will post 8.17 EPS for the current year.
Ecolab Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Tuesday, September 15th will be paid a dividend of $0.73 per share. The ex-dividend date is Tuesday, September 15th. This represents a $2.92 annualized dividend and a dividend yield of 1.0%. Ecolab’s dividend payout ratio is presently 39.19%.
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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