23,967 Shares in Ecolab Inc. $ECL Purchased by OMERS ADMINISTRATION Corp

OMERS ADMINISTRATION Corp bought a new position in Ecolab Inc. (NYSE:ECL) in the second quarter, HoldingsChannel reports. The fund bought 23,967 shares of the basic materials company’s stock, valued at approximately $6,677,000.

A number of other institutional investors have also recently made changes to their positions in the stock. Wexford Capital LP bought a new stake in shares of Ecolab in the third quarter worth approximately $25,000. JPL Wealth Management LLC bought a new position in Ecolab during the third quarter valued at approximately $26,000. Costello Asset Management INC purchased a new stake in Ecolab in the first quarter worth approximately $27,000. Kemnay Advisory Services Inc. purchased a new stake in Ecolab in the fourth quarter worth approximately $27,000. Finally, J.Safra Asset Management Corp bought a new stake in Ecolab in the 2nd quarter worth approximately $28,000. Hedge funds and other institutional investors own 74.91% of the company’s stock.

Ecolab Trading Up 1.9%

Shares of Ecolab stock opened at $287.03 on Tuesday. Ecolab Inc. has a 1-year low of $243.15 and a 1-year high of $309.27. The company’s fifty day simple moving average is $276.92 and its 200-day simple moving average is $273.69. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.84 and a quick ratio of 1.57. The stock has a market capitalization of $80.46 billion, a PE ratio of 38.53, a P/E/G ratio of 2.43 and a beta of 0.88.

Ecolab (NYSE:ECL) last posted its quarterly earnings data 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. Ecolab had a return on equity of 22.72% and a net margin of 12.57%.The firm had revenue of $4.42 billion during the quarter, compared to analyst estimates of $4.38 billion. During the same period in the prior year, the business posted $1.89 EPS. Ecolab’s revenue was up 9.7% on a year-over-year basis. Ecolab has set its Q3 2026 guidance at 2.130-2.230 EPS. As a group, equities analysts anticipate that Ecolab Inc. will post 8.17 earnings per share for the current year.

Ecolab Dividend Announcement

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

Wall Street Analysts Forecast Growth

ECL has been the subject of a number of research reports. Jefferies Financial Group decreased their target price on shares of Ecolab from $352.00 to $345.00 and set a “buy” rating for the company in a research note on Wednesday, May 20th. Citigroup lifted their price objective on Ecolab from $325.00 to $330.00 and gave the stock a “buy” rating in a report on Wednesday, June 24th. Wells Fargo & Company upped their price objective on Ecolab from $275.00 to $295.00 and gave the company an “equal weight” rating in a research report on Thursday, July 30th. Weiss Ratings reissued a “buy (b-)” rating on shares of Ecolab in a report on Monday, August 17th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on Ecolab from $325.00 to $335.00 and gave the stock a “buy” rating in a research report on Thursday, July 9th. One analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $327.56.

Insiders Place Their Bets

In related news, Director Michel D. Doukeris acquired 7,750 shares of the business’s stock in a transaction that occurred on Wednesday, June 10th. The stock was bought at an average cost of $258.00 per share, for a total transaction of $1,999,500.00. Following the purchase, the director owned 8,326 shares in the company, valued at $2,148,108. The trade was a 1,345.49% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Benjamin M. Clark bought 1,000 shares of the firm’s 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 purchase, the executive vice president owned 1,083 shares in the company, valued at $285,727.89. This trade represents a 1,204.82% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last 90 days, insiders have sold 28,866 shares of company stock valued at $7,878,801. 0.50% of the stock is currently owned by corporate insiders.

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.