Axxcess Wealth Management LLC grew its position in Ecolab Inc. (NYSE:ECL – Free Report) by 202.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,812 shares of the basic materials company’s stock after purchasing an additional 3,219 shares during the period. Axxcess Wealth Management LLC’s holdings in Ecolab were worth $1,318,000 at the end of the most recent quarter.
Several other institutional investors have also made changes to their positions in the company. Corundum Trust Company INC acquired a new position in Ecolab in the third quarter worth approximately $28,000. SJS Investment Consulting Inc. grew its position in Ecolab by 1,177.8% in the third quarter. SJS Investment Consulting Inc. now owns 115 shares of the basic materials company’s stock worth $31,000 after acquiring an additional 106 shares in the last quarter. Vermillion & White Wealth Management Group LLC increased its stake in shares of Ecolab by 81.5% during the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 118 shares of the basic materials company’s stock worth $32,000 after purchasing an additional 53 shares during the last quarter. Winnow Wealth LLC bought a new position in shares of Ecolab during the 3rd quarter valued at $33,000. Finally, NewSquare Capital LLC lifted its stake in shares of Ecolab by 93.6% in the 2nd quarter. NewSquare Capital LLC now owns 151 shares of the basic materials company’s stock valued at $41,000 after purchasing an additional 73 shares during the last quarter. 74.91% of the stock is currently owned by institutional investors and hedge funds.
Insider Activity
In related news, EVP Boo Alexander A. De sold 1,422 shares of Ecolab stock in a transaction dated Monday, November 24th. The stock was sold at an average price of $268.25, for a total transaction of $381,451.50. Following the sale, the executive vice president directly owned 5,726 shares of the company’s stock, valued at $1,535,999.50. This trade represents a 19.89% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director David Maclennan purchased 750 shares of the stock in a transaction that occurred on Monday, December 8th. The shares were purchased at an average price of $257.60 per share, for a total transaction of $193,200.00. Following the completion of the purchase, the director directly owned 23,035 shares of the company’s stock, valued at approximately $5,933,816. This trade represents a 3.37% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 0.04% of the stock is currently owned by company insiders.
Ecolab Stock Performance
Ecolab (NYSE:ECL – Get Free Report) last announced its quarterly earnings data on Tuesday, February 10th. The basic materials company reported $2.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.07 by $0.01. Ecolab had a net margin of 12.91% and a return on equity of 22.73%. The business had revenue of $4.19 billion for the quarter, compared to the consensus estimate of $4.20 billion. During the same quarter last year, the company posted $1.81 earnings per share. Ecolab’s quarterly revenue was up 4.8% on a year-over-year basis. Ecolab has set its FY 2026 guidance at 8.430-8.630 EPS and its Q1 2026 guidance at 1.670-1.730 EPS. On average, equities analysts expect that Ecolab Inc. will post 7.54 EPS for the current year.
Ecolab Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 17th will be given a dividend of $0.73 per share. The ex-dividend date of this dividend is Tuesday, March 17th. This represents a $2.92 dividend on an annualized basis and a dividend yield of 1.0%. Ecolab’s dividend payout ratio is currently 40.11%.
Wall Street Analysts Forecast Growth
Several equities analysts have weighed in on the company. Mizuho set a $335.00 target price on Ecolab in a report on Wednesday, February 11th. Robert W. Baird set a $327.00 price objective on Ecolab in a research note on Wednesday, February 11th. Stifel Nicolaus boosted their target price on Ecolab from $300.00 to $337.00 and gave the stock a “buy” rating in a report on Wednesday, February 11th. Wells Fargo & Company upped their target price on Ecolab from $275.00 to $310.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 11th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Ecolab from $265.00 to $295.00 and gave the company a “neutral” rating in a research report on Wednesday, February 11th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $322.76.
Get Our Latest Stock Report on Ecolab
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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