Edgestream Partners L.P. raised its stake in Ecolab Inc. (NYSE:ECL – Free Report) by 28.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,500 shares of the basic materials company’s stock after purchasing an additional 4,556 shares during the quarter. Edgestream Partners L.P.’s holdings in Ecolab were worth $5,524,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently modified their holdings of the stock. Saudi Central Bank acquired a new position in Ecolab during the 1st quarter worth approximately $25,000. Financial Connections Group Inc. purchased a new stake in shares of Ecolab during the second quarter valued at approximately $26,000. J.Safra Asset Management Corp lifted its position in shares of Ecolab by 202.6% during the second quarter. J.Safra Asset Management Corp now owns 115 shares of the basic materials company’s stock worth $31,000 after purchasing an additional 77 shares in the last quarter. Vermillion & White Wealth Management Group LLC boosted its stake in shares of Ecolab by 81.5% in the second quarter. Vermillion & White Wealth Management Group LLC now owns 118 shares of the basic materials company’s stock valued at $32,000 after purchasing an additional 53 shares during the period. Finally, Capital Analysts LLC acquired a new stake in Ecolab during the 1st quarter valued at $40,000. Hedge funds and other institutional investors own 74.91% of the company’s stock.
Insiders Place Their Bets
In related news, EVP Boo Alexander A. De sold 1,422 shares of the company’s stock in a transaction on Monday, November 24th. The stock was sold at an average price of $268.25, for a total transaction of $381,451.50. Following the completion of the transaction, the executive vice president directly owned 5,726 shares in the company, valued at $1,535,999.50. This represents a 19.89% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Christophe Beck sold 21,714 shares of the firm’s stock in a transaction on Wednesday, November 12th. The shares were sold at an average price of $261.41, for a total value of $5,676,256.74. Following the completion of the sale, the chief executive officer owned 72,644 shares in the company, valued at $18,989,868.04. The trade was a 23.01% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.50% of the stock is owned by corporate insiders.
Ecolab Price Performance
Ecolab (NYSE:ECL – Get Free Report) last issued its earnings results on Tuesday, October 28th. The basic materials company reported $2.07 EPS for the quarter, meeting analysts’ consensus estimates of $2.07. The company had revenue of $4.17 billion during the quarter, compared to the consensus estimate of $4.12 billion. Ecolab had a return on equity of 22.55% and a net margin of 12.49%.Ecolab’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.57 earnings per share. Ecolab has set its Q4 2025 guidance at 2.020-2.120 EPS and its FY 2025 guidance at 7.480-7.580 EPS. As a group, sell-side analysts expect that Ecolab Inc. will post 7.54 earnings per share for the current year.
Wall Street Analysts Forecast Growth
ECL has been the topic of several analyst reports. Citigroup dropped their price objective on Ecolab from $325.00 to $323.00 and set a “buy” rating on the stock in a report on Wednesday, October 29th. Erste Group Bank started coverage on shares of Ecolab in a research report on Tuesday, October 14th. They set a “buy” rating for the company. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Ecolab in a report on Wednesday, October 8th. Robert W. Baird set a $307.00 price target on Ecolab in a research note on Wednesday, October 29th. Finally, UBS Group cut their price objective on Ecolab from $299.00 to $291.00 and set a “neutral” rating on the stock in a research note on Friday, October 31st. Three research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Ecolab presently has an average rating of “Moderate Buy” and an average price target of $295.14.
View Our Latest Stock Report on ECL
About Ecolab
Ecolab Inc provides water, hygiene, and infection prevention solutions and services in the United States and internationally. The company operates through three segments: Global Industrial; Global Institutional & Specialty; and Global Healthcare & Life Sciences. The Global Industrial segment offers water treatment and process applications, and cleaning and sanitizing solutions to manufacturing, food and beverage processing, transportation, chemical, metals and mining, power generation, pulp and paper, commercial laundry, petroleum, refining, and petrochemical industries.
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