Kingsview Wealth Management LLC Acquires New Holdings in Ecolab Inc. $ECL

Kingsview Wealth Management LLC bought a new stake in Ecolab Inc. (NYSE:ECL) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 3,569 shares of the basic materials company’s stock, valued at approximately $994,000.

Several other hedge funds have also modified their holdings of the company. Brighton Jones LLC boosted its position in shares of Ecolab by 164.7% in the 4th quarter. Brighton Jones LLC now owns 3,700 shares of the basic materials company’s stock worth $867,000 after purchasing an additional 2,302 shares in the last quarter. Sivia Capital Partners LLC raised its stake in Ecolab by 39.8% in the second quarter. Sivia Capital Partners LLC now owns 1,384 shares of the basic materials company’s stock valued at $373,000 after buying an additional 394 shares during the last quarter. Schnieders Capital Management LLC. raised its stake in Ecolab by 22.9% in the second quarter. Schnieders Capital Management LLC. now owns 1,166 shares of the basic materials company’s stock valued at $314,000 after buying an additional 217 shares during the last quarter. NewEdge Advisors LLC boosted its holdings in Ecolab by 0.8% in the second quarter. NewEdge Advisors LLC now owns 21,096 shares of the basic materials company’s stock worth $5,684,000 after acquiring an additional 171 shares in the last quarter. Finally, CIBC Asset Management Inc grew its stake in shares of Ecolab by 49.4% during the second quarter. CIBC Asset Management Inc now owns 58,421 shares of the basic materials company’s stock worth $15,741,000 after acquiring an additional 19,324 shares during the last quarter. 74.91% of the stock is owned by hedge funds and other institutional investors.

Ecolab Stock Performance

ECL opened at $287.06 on Monday. The company has a current ratio of 1.84, a quick ratio of 1.57 and a debt-to-equity ratio of 1.18. Ecolab Inc. has a 12-month low of $243.15 and a 12-month high of $309.27. The firm has a 50 day moving average of $278.36 and a two-hundred day moving average of $273.69. The firm has a market capitalization of $80.47 billion, a PE ratio of 38.53, a P/E/G ratio of 2.48 and a beta of 0.88.

Ecolab (NYSE:ECL) last released its quarterly earnings data on Tuesday, July 28th. The basic materials company reported $2.09 earnings per share for the quarter, topping analysts’ consensus estimates of $2.08 by $0.01. The firm had revenue of $4.42 billion for 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%. The business’s quarterly revenue was up 9.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.89 earnings per share. Ecolab has set its Q3 2026 guidance at 2.130-2.230 EPS. On average, analysts anticipate that Ecolab Inc. will post 8.17 EPS for the current year.

Ecolab Dividend Announcement

The business 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 $0.73 dividend. This represents a $2.92 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend is Tuesday, September 15th. Ecolab’s payout ratio is 39.19%.

Insider Buying and Selling

In related news, Director Michel D. Doukeris purchased 7,750 shares of Ecolab 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 completion of the transaction, the director owned 8,326 shares in the company, valued at $2,148,108. The trade was a 1,345.49% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Benjamin M. Clark acquired 1,000 shares of the stock in a transaction on Thursday, June 11th. The stock was bought at an average price of $263.83 per share, for a total transaction of $263,830.00. Following the transaction, the executive vice president owned 1,083 shares in the company, valued at approximately $285,727.89. This represents a 1,204.82% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 0.50% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Oppenheimer raised shares of Ecolab from a “market perform” rating to an “outperform” rating and set a $320.00 price objective for the company in a research report on Friday, July 17th. Weiss Ratings restated a “buy (b-)” rating on shares of Ecolab in a research note on Monday, August 17th. JPMorgan Chase & Co. raised their price target on shares of Ecolab from $295.00 to $305.00 and gave the stock an “overweight” rating in a report on Wednesday, July 29th. UBS Group reiterated a “buy” rating and set a $342.00 price objective on shares of Ecolab in a research note on Wednesday, July 29th. Finally, Royal Bank Of Canada reissued an “outperform” rating and issued a $337.00 target price on shares of Ecolab in a research report on Tuesday, July 7th. One equities research 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 assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Ecolab has an average rating of “Moderate Buy” and a consensus price target of $327.56.

About Ecolab

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.