Dayah Capital LLC bought a new position in shares of Ecolab Inc. (NYSE:ECL – Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 15,000 shares of the basic materials company’s stock, valued at approximately $4,179,000. Ecolab accounts for approximately 1.4% of Dayah Capital LLC’s holdings, making the stock its 12th largest holding.
Other institutional investors have also recently added to or reduced their stakes in the company. Wexford Capital LP purchased a new stake in shares of Ecolab during the 3rd quarter valued at $25,000. JPL Wealth Management LLC purchased a new stake in Ecolab during the third quarter worth about $26,000. Costello Asset Management INC bought a new stake in Ecolab in the first quarter worth about $27,000. Kemnay Advisory Services Inc. purchased a new position in Ecolab in the fourth quarter valued at about $27,000. Finally, J.Safra Asset Management Corp bought a new position in shares of Ecolab during the 2nd quarter valued at approximately $28,000. 74.91% of the stock is owned by institutional investors.
Ecolab Price Performance
NYSE:ECL opened at $290.01 on Wednesday. The firm has a market capitalization of $81.30 billion, a price-to-earnings ratio of 38.93, a P/E/G ratio of 2.48 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. The stock has a fifty day moving average of $277.24 and a 200 day moving average of $273.71. Ecolab Inc. has a 52-week low of $243.15 and a 52-week high of $309.27.
Ecolab Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Tuesday, September 15th will be issued a $0.73 dividend. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $2.92 dividend on an annualized basis and a dividend yield of 1.0%. Ecolab’s dividend payout ratio is presently 39.19%.
Insider Activity at Ecolab
In related news, CEO Christophe Beck sold 17,862 shares of the company’s stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $280.14, for a total value of $5,003,860.68. Following the completion of the transaction, the chief executive officer directly owned 72,932 shares in the company, valued at approximately $20,431,170.48. The trade was a 19.67% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Benjamin M. Clark purchased 1,000 shares of the stock in a transaction on Thursday, June 11th. The shares were purchased at an average price of $263.83 per share, for a total transaction of $263,830.00. Following the transaction, the executive vice president directly owned 1,083 shares of the company’s stock, valued at approximately $285,727.89. This represents a 1,204.82% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders own 0.50% of the company’s stock.
Wall Street Analysts Forecast Growth
Several research firms recently commented on ECL. Oppenheimer upgraded Ecolab from a “market perform” rating to an “outperform” rating and set a $320.00 price objective on the stock in a research note on Friday, July 17th. Mizuho upped their price target on Ecolab from $325.00 to $327.00 and gave the company an “outperform” rating in a research report on Wednesday, July 29th. Weiss Ratings reissued a “buy (b-)” rating on shares of Ecolab in a report on Monday, August 17th. Zacks Research downgraded shares of Ecolab from a “hold” rating to a “strong sell” rating in a report on Monday, July 20th. Finally, Deutsche Bank Aktiengesellschaft increased their target price on shares of Ecolab from $325.00 to $335.00 and gave the stock a “buy” rating in a research report on Thursday, July 9th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $327.56.
View Our Latest Analysis 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.
See Also
- Five stocks we like better than Ecolab
- Pathward’s Credit Scare Tests Its Comeback Story
- Wiring the AI Boom: Rumble’s $13.7B Pivot
- StoneX: Too Far Too Fast?
- DICK’s Sporting Goods Faces Pain Now for a Bigger Prize
Want to see what other hedge funds are holding ECL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ecolab Inc. (NYSE:ECL – Free Report).
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.
