Forsta AP Fonden lifted its holdings in Ecolab Inc. (NYSE:ECL – Free Report) by 2.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 116,440 shares of the basic materials company’s stock after purchasing an additional 2,640 shares during the quarter. Forsta AP Fonden’s holdings in Ecolab were worth $30,568,000 as of its most recent SEC filing.
A number of other institutional investors have also made changes to their positions in ECL. Brighton Jones LLC lifted its position in shares of Ecolab by 164.7% in the fourth quarter. Brighton Jones LLC now owns 3,700 shares of the basic materials company’s stock worth $867,000 after purchasing an additional 2,302 shares in the last quarter. Sivia Capital Partners LLC lifted its position in shares of Ecolab by 39.8% in the second quarter. Sivia Capital Partners LLC now owns 1,384 shares of the basic materials company’s stock worth $373,000 after purchasing an additional 394 shares in the last quarter. Schnieders Capital Management LLC. lifted its position in shares of Ecolab by 22.9% in the second quarter. Schnieders Capital Management LLC. now owns 1,166 shares of the basic materials company’s stock worth $314,000 after purchasing an additional 217 shares in the last quarter. NewEdge Advisors LLC lifted its position in shares of Ecolab by 0.8% in the second quarter. NewEdge Advisors LLC now owns 21,096 shares of the basic materials company’s stock worth $5,684,000 after purchasing an additional 171 shares in the last quarter. Finally, CIBC Asset Management Inc lifted its position in shares of Ecolab by 49.4% in the second quarter. CIBC Asset Management Inc now owns 58,421 shares of the basic materials company’s stock worth $15,741,000 after purchasing an additional 19,324 shares in the last quarter. Institutional investors own 74.91% of the company’s stock.
Ecolab Price Performance
NYSE:ECL opened at $256.28 on Friday. Ecolab Inc. has a one year low of $243.15 and a one year high of $309.27. The company has a market cap of $72.13 billion, a P/E ratio of 34.68, a P/E/G ratio of 2.15 and a beta of 0.92. The firm’s fifty day moving average price is $261.94 and its two-hundred day moving average price is $271.41. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.99 and a quick ratio of 0.73.
Ecolab Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 16th will be paid a $0.73 dividend. The ex-dividend date is Tuesday, June 16th. This represents a $2.92 annualized dividend and a dividend yield of 1.1%. Ecolab’s dividend payout ratio is 39.51%.
Insider Activity
In other Ecolab news, Director David Maclennan purchased 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 13th. The shares were acquired at an average cost of $250.65 per share, for a total transaction of $250,650.00. Following the completion of the purchase, the director owned 25,230 shares of the company’s stock, valued at approximately $6,323,899.50. The trade was a 4.13% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 completion of the transaction, the director owned 11,651 shares in the company, valued at $3,087,281.98. This trade represents a 7.93% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.50% of the company’s stock.
Wall Street Analysts Forecast Growth
ECL has been the topic of a number of recent analyst reports. Wells Fargo & Company lowered their target price on shares of Ecolab from $285.00 to $260.00 and set an “equal weight” rating on the stock in a report on Tuesday, May 19th. Citigroup lowered their target price on shares of Ecolab from $330.00 to $325.00 and set a “buy” rating on the stock in a report on Thursday, April 30th. Evercore restated an “outperform” rating and set a $312.00 target price on shares of Ecolab in a report on Wednesday, February 18th. Mizuho set a $335.00 target price on shares of Ecolab in a report on Wednesday, February 11th. Finally, JPMorgan Chase & Co. upgraded shares of Ecolab from a “neutral” rating to an “overweight” rating and set a $295.00 price objective on the stock in a report on Tuesday, March 24th. One research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, Ecolab presently has a consensus rating of “Moderate Buy” and an average target price of $322.53.
Check Out Our Latest Report on ECL
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.
Read More
- Five stocks we like better than Ecolab
- Shares Fall, Targets Rise—Markets and Analysts Diverge on Synopsys
- Salesforce Stock Finds Support as AI Momentum Builds
- Dollar Tree Keeps Winning After Family Dollar Divorce
- Apple’s Agentic AI Plans Could Be Its Biggest Growth Story Yet
Receive News & Ratings for Ecolab Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ecolab and related companies with MarketBeat.com's FREE daily email newsletter.
