Avity Investment Management Inc. cut its holdings in shares of Ecolab Inc. (NYSE:ECL – Free Report) by 7.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 109,125 shares of the basic materials company’s stock after selling 9,036 shares during the period. Ecolab makes up 1.8% of Avity Investment Management Inc.’s holdings, making the stock its 25th biggest holding. Avity Investment Management Inc.’s holdings in Ecolab were worth $29,964,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Wedmont Private Capital lifted its position in Ecolab by 61.0% in the 3rd quarter. Wedmont Private Capital now owns 5,795 shares of the basic materials company’s stock valued at $1,633,000 after acquiring an additional 2,195 shares in the last quarter. Douglas Lane & Associates LLC increased its holdings in Ecolab by 27.9% during the 3rd quarter. Douglas Lane & Associates LLC now owns 42,930 shares of the basic materials company’s stock worth $11,788,000 after purchasing an additional 9,367 shares in the last quarter. Dakota Community Bank & Trust NA raised its stake in shares of Ecolab by 22.3% in the third quarter. Dakota Community Bank & Trust NA now owns 597 shares of the basic materials company’s stock worth $164,000 after purchasing an additional 109 shares during the last quarter. Stableford Capital II LLC lifted its holdings in shares of Ecolab by 2.0% in the third quarter. Stableford Capital II LLC now owns 3,442 shares of the basic materials company’s stock valued at $945,000 after purchasing an additional 67 shares in the last quarter. Finally, GAMMA Investing LLC boosted its position in shares of Ecolab by 11.1% during the third quarter. GAMMA Investing LLC now owns 11,080 shares of the basic materials company’s stock valued at $3,042,000 after buying an additional 1,110 shares during the last quarter. Institutional investors and hedge funds own 74.91% of the company’s stock.
Insider Buying and Selling
In other Ecolab news, CEO Christophe Beck sold 17,862 shares of the business’s stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $280.14, for a total value of $5,003,860.68. Following the transaction, the chief executive officer directly owned 72,932 shares in the company, valued at $20,431,170.48. The trade was a 19.67% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.50% of the company’s stock.
Analyst Ratings Changes
Read Our Latest Stock Analysis on Ecolab
Ecolab Stock Performance
Ecolab stock traded down $0.07 during mid-day trading on Friday, reaching $281.62. 934,990 shares of the company’s stock were exchanged, compared to its average volume of 1,443,981. The business’s fifty day simple moving average is $279.19 and its 200 day simple moving average is $270.82. 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 Inc. has a one year low of $243.15 and a one year high of $309.27. The firm has a market capitalization of $78.95 billion, a PE ratio of 37.80, a P/E/G ratio of 2.70 and a beta of 0.87.
Ecolab (NYSE:ECL – Get Free Report) last announced its quarterly earnings data on Tuesday, July 28th. The basic materials company reported $2.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.08 by $0.01. The firm had revenue of $4.42 billion during the quarter, compared to the consensus estimate of $4.38 billion. Ecolab had a return on equity of 22.72% and a net margin of 12.57%.The business’s revenue for the quarter was up 9.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.89 EPS. Ecolab has set its Q3 2026 guidance at 2.130-2.230 EPS. On average, sell-side analysts expect that Ecolab Inc. will post 8.16 earnings per share for the current year.
Ecolab Announces Dividend
The business also recently disclosed 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. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $2.92 annualized dividend and a yield of 1.0%. Ecolab’s payout ratio is currently 39.19%.
About Ecolab
Ecolab Inc (NYSE:ECL) is a global provider of water, hygiene, infection prevention and related services. The company helps businesses maintain clean, safe and efficient operations through specialized products, technologies, equipment and on-site expertise.
Its offerings include cleaning and sanitizing solutions, water treatment and process-management systems, food safety programs, infection prevention products, pest elimination services and solutions for industrial operations. Ecolab serves customers in industries including hospitality, healthcare, food and beverage production, life sciences, manufacturing, energy, retail and institutional services.
The company was founded in 1923 as Economics Laboratory and adopted the Ecolab name in 1986.
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