NewEdge Wealth LLC Acquires New Holdings in Ecolab Inc. $ECL

NewEdge Wealth LLC bought a new stake in shares of Ecolab Inc. (NYSE:ECL) in the 2nd quarter, Holdings Channel.com reports. The fund bought 13,287 shares of the basic materials company’s stock, valued at approximately $3,702,000.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Brighton Jones LLC grew 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 valued at $867,000 after purchasing an additional 2,302 shares during the last quarter. Sivia Capital Partners LLC raised its position in shares of Ecolab by 39.8% during the 2nd 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 during the last quarter. Schnieders Capital Management LLC. raised its position in shares of Ecolab by 22.9% during the 2nd 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 during the last quarter. NewEdge Advisors LLC lifted its stake in Ecolab by 0.8% in the 2nd quarter. NewEdge Advisors LLC now owns 21,096 shares of the basic materials company’s stock valued at $5,684,000 after buying an additional 171 shares in the last quarter. Finally, CIBC Asset Management Inc grew its holdings in Ecolab by 49.4% during the 2nd quarter. CIBC Asset Management Inc now owns 58,421 shares of the basic materials company’s stock valued at $15,741,000 after buying an additional 19,324 shares during the last quarter. Hedge funds and other institutional investors own 74.91% of the company’s stock.

Insiders Place Their Bets

In related news, COO Darrell R. Brown sold 10,000 shares of Ecolab stock in a transaction on Tuesday, June 9th. The stock was sold at an average price of $260.89, for a total value of $2,608,900.00. Following the transaction, the chief operating officer owned 32,733 shares in the company, valued at approximately $8,539,712.37. This trade represents a 23.40% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Suzanne M. Vautrinot sold 1,004 shares of the business’s stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $264.98, for a total value of $266,039.92. Following the sale, the director directly owned 11,651 shares of the company’s stock, valued at approximately $3,087,281.98. This trade represents a 7.93% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 28,866 shares of company stock worth $7,878,801. Corporate insiders own 0.50% of the company’s stock.

Ecolab Price Performance

ECL opened at $280.73 on Friday. Ecolab Inc. has a 1 year low of $243.15 and a 1 year high of $309.27. The company’s 50 day simple moving average is $276.23 and its 200 day simple moving average is $273.67. The stock has a market capitalization of $78.70 billion, a PE ratio of 37.68, a P/E/G ratio of 2.46 and a beta of 0.88. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.57 and a current ratio of 1.84.

Ecolab (NYSE:ECL) last issued its quarterly earnings results on Tuesday, July 28th. The basic materials company reported $2.09 EPS for the quarter, topping the consensus estimate of $2.08 by $0.01. The firm had revenue of $4.42 billion during the quarter, compared to analyst estimates of $4.38 billion. Ecolab had a net margin of 12.57% and a return on equity of 22.72%. Ecolab’s revenue for the quarter was up 9.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.89 earnings per share. Ecolab has set its Q3 2026 guidance at 2.130-2.230 EPS. As a group, sell-side analysts expect that Ecolab Inc. will post 8.17 EPS for the current year.

Ecolab Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Tuesday, September 15th will be issued a dividend of $0.73 per share. This represents a $2.92 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date is Tuesday, September 15th. Ecolab’s dividend payout ratio is presently 39.19%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Mizuho raised their price target on Ecolab from $325.00 to $327.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 29th. JPMorgan Chase & Co. upped their price objective on Ecolab from $295.00 to $305.00 and gave the company an “overweight” rating in a research report on Wednesday, July 29th. Citigroup increased their price objective on Ecolab from $325.00 to $330.00 and gave the company a “buy” rating in a research note on Wednesday, June 24th. Zacks Research downgraded shares of Ecolab from a “hold” rating to a “strong sell” rating in a research note on Monday, July 20th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Ecolab in a report on Monday. One analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Ecolab currently has an average rating of “Moderate Buy” and a consensus target price of $327.56.

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.