Resona Asset Management Co. Ltd. Raises Stock Position in Ecolab Inc. $ECL

by · The Cerbat Gem

Resona Asset Management Co. Ltd. lifted its stake in shares of Ecolab Inc. (NYSE:ECL – Free Report) by 4.2% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 296,835 shares of the basic materials company’s stock after acquiring an additional 11,970 shares during the quarter. Resona Asset Management Co. Ltd.’s holdings in Ecolab were worth $79,808,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Saudi Central Bank purchased a new position in shares of Ecolab during the first quarter worth approximately $25,000. Financial Connections Group Inc. purchased a new position in shares of Ecolab during the second quarter worth approximately $26,000. J.Safra Asset Management Corp increased 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 acquiring an additional 77 shares during the period. Ridgewood Investments LLC increased its position in shares of Ecolab by 70.6% during the first quarter. Ridgewood Investments LLC now owns 145 shares of the basic materials company’s stock worth $37,000 after acquiring an additional 60 shares during the period. Finally, Capital Analysts LLC bought a new position in shares of Ecolab during the first quarter valued at approximately $40,000. 74.91% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on ECL shares. BMO Capital Markets set a $307.00 price objective on shares of Ecolab and gave the company an “outperform” rating in a research note on Thursday, October 30th. UBS Group dropped their price objective on shares of Ecolab from $299.00 to $291.00 and set a “neutral” rating on the stock in a research note on Friday, October 31st. Citigroup dropped their price objective on shares of Ecolab from $325.00 to $323.00 and set a “buy” rating on the stock in a research note on Wednesday, October 29th. Oppenheimer upgraded shares of Ecolab to an “outperform” rating in a research note on Wednesday, July 30th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Ecolab in a research note on Wednesday, October 8th. Three equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, Ecolab currently has a consensus rating of “Moderate Buy” and an average price target of $295.14.

View Our Latest Stock Report on Ecolab

Insider Buying and Selling at Ecolab

In other Ecolab news, SVP Jennifer J. Bradway sold 807 shares of the firm’s stock in a transaction on Wednesday, August 13th. The shares were sold at an average price of $279.28, for a total value of $225,378.96. Following the completion of the transaction, the senior vice president owned 4,326 shares of the company’s stock, valued at approximately $1,208,165.28. This trade represents a 15.72% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Suzanne M. Vautrinot sold 1,354 shares of the firm’s stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $283.16, for a total transaction of $383,398.64. Following the completion of the transaction, the director directly owned 11,199 shares of the company’s stock, valued at approximately $3,171,108.84. This represents a 10.79% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.04% of the stock is owned by insiders.

Ecolab Price Performance

Shares of ECL opened at $258.76 on Thursday. The company has a market cap of $73.39 billion, a price-to-earnings ratio of 37.18, a price-to-earnings-growth ratio of 2.65 and a beta of 1.09. Ecolab Inc. has a twelve month low of $221.62 and a twelve month high of $286.04. The company has a quick ratio of 1.12, a current ratio of 1.70 and a debt-to-equity ratio of 0.83. The company has a 50 day moving average of $271.15 and a two-hundred day moving average of $266.83.

Ecolab (NYSE:ECL – Get Free Report) last announced its earnings results on Tuesday, October 28th. The basic materials company reported $2.07 earnings per share for the quarter, meeting the consensus estimate 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 net margin of 12.49% and a return on equity of 22.55%. Ecolab’s revenue was up 4.2% compared to the same quarter last year. During the same period last year, the firm earned $2.57 earnings per share. Ecolab has set its Q4 2025 guidance at 2.020-2.120 EPS. FY 2025 guidance at 7.480-7.580 EPS. As a group, analysts predict that Ecolab Inc. will post 7.54 earnings per share for the current fiscal year.

About Ecolab

(Free Report)

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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