Boomfish Wealth Group LLC Sells 5,441 Shares of Ecolab Inc. $ECL
by Mitch Edgeman · The Markets DailyBoomfish Wealth Group LLC decreased its position in shares of Ecolab Inc. (NYSE:ECL – Free Report) by 87.8% during the first quarter, according to its most recent filing with the SEC. The firm owned 759 shares of the basic materials company’s stock after selling 5,441 shares during the period. Boomfish Wealth Group LLC’s holdings in Ecolab were worth $202,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Wexford Capital LP bought a new stake in shares of Ecolab during the third quarter valued at approximately $25,000. JPL Wealth Management LLC bought a new position in Ecolab in the third quarter worth $26,000. Kemnay Advisory Services Inc. bought a new position in Ecolab in the fourth quarter worth $27,000. Meeder Asset Management Inc. purchased a new position in Ecolab during the fourth quarter valued at $29,000. Finally, Union Savings Bank bought a new stake in shares of Ecolab during the 4th quarter valued at $30,000. Hedge funds and other institutional investors own 74.91% of the company’s stock.
Analysts Set New Price Targets
A number of analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft raised shares of Ecolab from a “hold” rating to a “buy” rating and set a $325.00 target price on the stock in a research report on Monday, April 20th. UBS Group raised shares of Ecolab from a “neutral” rating to a “buy” rating and lifted their price target for the company from $293.00 to $325.00 in a research report on Wednesday, May 27th. Bank of America upped their price objective on shares of Ecolab from $337.00 to $345.00 and gave the stock a “buy” rating in a report on Tuesday, April 21st. Robert W. Baird decreased their target price on shares of Ecolab from $320.00 to $296.00 and set an “outperform” rating for the company in a research note on Tuesday, March 24th. Finally, JPMorgan Chase & Co. upgraded shares of Ecolab from a “neutral” rating to an “overweight” rating and set a $295.00 target price for the company in a report on Tuesday, March 24th. One analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, Ecolab presently has a consensus rating of “Moderate Buy” and a consensus target price of $323.71.
Check Out Our Latest Report on ECL
Insider Transactions at Ecolab
In other news, Director Suzanne M. Vautrinot sold 1,004 shares of the stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $264.98, for a total transaction of $266,039.92. Following the sale, the director owned 11,651 shares in the company, valued at $3,087,281.98. This represents a 7.93% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO Darrell R. Brown sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 9th. The shares were sold at an average price of $260.89, for a total transaction of $2,608,900.00. Following the sale, the chief operating officer directly owned 32,733 shares of the company’s stock, valued at $8,539,712.37. This trade represents a 23.40% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have purchased 10,550 shares of company stock valued at $2,719,508. 0.50% of the stock is currently owned by insiders.
Ecolab Price Performance
Shares of NYSE:ECL opened at $283.71 on Friday. Ecolab Inc. has a 1-year low of $243.15 and a 1-year high of $309.27. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.99 and a quick ratio of 0.73. The business has a fifty day moving average price of $261.68 and a 200-day moving average price of $271.49. The company has a market capitalization of $79.85 billion, a PE ratio of 38.39, a PEG ratio of 2.35 and a beta of 0.90.
Ecolab (NYSE:ECL – Get Free Report) last posted its quarterly earnings results on Tuesday, April 28th. The basic materials company reported $1.70 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.70. Ecolab had a return on equity of 22.64% and a net margin of 12.80%.The firm had revenue of $4.07 billion during the quarter, compared to analyst estimates of $4.03 billion. During the same quarter in the previous year, the firm earned $1.50 EPS. Ecolab’s quarterly revenue was up 10.0% compared to the same quarter last year. Ecolab has set its FY 2026 guidance at 8.430-8.630 EPS and its Q2 2026 guidance at 2.020-2.120 EPS. As a group, equities analysts expect that Ecolab Inc. will post 8.47 EPS for the current fiscal year.
Ecolab Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 16th will be issued a $0.73 dividend. The ex-dividend date of this dividend is Tuesday, June 16th. This represents a $2.92 annualized dividend and a yield of 1.0%. Ecolab’s payout ratio is 39.51%.
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.
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