Meeder Advisory Services Inc. acquired a new stake in shares of Ecolab Inc. (NYSE:ECL – Free Report) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 8,320 shares of the basic materials company’s stock, valued at approximately $2,318,000.
A number of other large investors have also modified their holdings of ECL. Universal Beteiligungs und Servicegesellschaft mbH boosted its holdings in Ecolab by 25.9% during the fourth quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 330,698 shares of the basic materials company’s stock valued at $86,670,000 after purchasing an additional 68,062 shares in the last quarter. QRG Capital Management Inc. raised its holdings in shares of Ecolab by 38.7% in the 4th quarter. QRG Capital Management Inc. now owns 22,362 shares of the basic materials company’s stock worth $5,870,000 after buying an additional 6,238 shares in the last quarter. Erste Asset Management GmbH raised its holdings in shares of Ecolab by 2.2% in the 4th quarter. Erste Asset Management GmbH now owns 163,731 shares of the basic materials company’s stock worth $43,464,000 after buying an additional 3,500 shares in the last quarter. Cornerstone Advisors LLC bought a new position in shares of Ecolab during the 2nd quarter worth approximately $16,698,000. Finally, Farmers & Merchants Investments Inc. boosted its stake in Ecolab by 29.4% in the 4th quarter. Farmers & Merchants Investments Inc. now owns 21,488 shares of the basic materials company’s stock valued at $5,641,000 after buying an additional 4,886 shares in the last quarter. 74.91% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of brokerages have weighed in on ECL. Jefferies Financial Group lowered their price target on Ecolab from $352.00 to $345.00 and set a “buy” rating on the stock in a research report on Wednesday, May 20th. Citigroup boosted their target price on shares of Ecolab from $325.00 to $330.00 and gave the company a “buy” rating in a research note on Wednesday, June 24th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $337.00 target price on shares of Ecolab in a report on Tuesday, July 7th. Wells Fargo & Company increased their target price on shares of Ecolab from $275.00 to $295.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 30th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on shares of Ecolab from $325.00 to $335.00 and gave the company a “buy” rating in a research report on Thursday, July 9th. One research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $327.56.
Insider Activity at Ecolab
In other Ecolab news, COO Darrell R. Brown sold 10,000 shares of the business’s stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $260.89, for a total value of $2,608,900.00. Following the completion of the transaction, the chief operating officer directly owned 32,733 shares of the company’s stock, valued at approximately $8,539,712.37. The trade was a 23.40% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Benjamin M. Clark purchased 1,000 shares of the firm’s stock in a transaction dated Thursday, June 11th. The shares were bought at an average cost of $263.83 per share, for a total transaction of $263,830.00. Following the completion of the purchase, the executive vice president directly owned 1,083 shares of the company’s stock, valued at $285,727.89. The trade was a 1,204.82% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 0.50% of the company’s stock.
Ecolab Price Performance
Ecolab stock opened at $280.36 on Wednesday. The business’s fifty day moving average is $275.33 and its two-hundred day moving average is $273.66. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.57 and a current ratio of 1.84. The firm has a market cap of $78.59 billion, a P/E ratio of 37.63, a P/E/G ratio of 2.38 and a beta of 0.88. Ecolab Inc. has a 52 week low of $243.15 and a 52 week 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. Ecolab had a return on equity of 22.72% and a net margin of 12.57%.The company had revenue of $4.42 billion during the quarter, compared to analyst estimates of $4.38 billion. During the same period last year, the company posted $1.89 earnings per share. The firm’s quarterly revenue was up 9.7% compared to the same quarter last year. Ecolab has set its Q3 2026 guidance at 2.130-2.230 EPS. Equities research analysts forecast that Ecolab Inc. will post 8.17 earnings per share for the current fiscal year.
Ecolab Dividend Announcement
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. This represents a $2.92 annualized dividend and a yield of 1.0%. The ex-dividend date is Tuesday, September 15th. Ecolab’s dividend payout ratio (DPR) 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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