13FPulse
EC

ECL ECOLAB INC

2026Q2 · CUSIP 278865100 · Sector: Materials

Funds left

Funds are exiting, but the price is holding

Funds that own it
1,668
Institutions that reported holding it to the SEC
Net decrease in holders
28
Last quarter 1,696 → now 1,668
How unusual is that
Bottom 20%
Stronger than only 5% of US stocks
What the filings say, in one paragraph

1,668 funds held ECL at the end of 2026Q2, down 28 from the quarter before. Buying has faded, though the price is holding up. On the business itself, revenue over the last 12 months was $16.8B(YoY +7.1%), the P/E is 37.6x, return on equity is 21.1%. ECL has had 30 buying rushes in its history, and the price moved +6.9% on average over the six months after (that is the raw price move, not how much it beat the market by). It sits in the Materials sector.

How many funds owned it, quarter by quarter

Bars = net change in institutional holders, positive (green) or negative (red). Line = total institutional holders.

2013Q3: holders=681 2013Q4: holders=739 2014Q1: holders=714 2014Q2: holders=738 2014Q3: holders=739 2014Q4: holders=800 2015Q1: holders=790 2015Q2: holders=784 2015Q3: holders=804 2015Q4: holders=829 2016Q1: holders=836 2016Q2: holders=849 2016Q3: holders=835 2016Q4: holders=881 2017Q1: holders=882 2017Q2: holders=885 2017Q3: holders=895 2017Q4: holders=981 2018Q1: holders=975 2018Q2: holders=1009 2018Q3: holders=1019 2018Q4: holders=1083 2019Q1: holders=1128 2019Q2: holders=1137 2019Q3: holders=1181 2019Q4: holders=1237 2020Q1: holders=1173 2020Q2: holders=1234 2020Q3: holders=1235 2020Q4: holders=1325 2021Q1: holders=1311 2021Q2: holders=1325 2021Q3: holders=1277 2021Q4: holders=1381 2022Q1: holders=1294 2022Q2: holders=1209 2022Q3: holders=1195 2022Q4: holders=1216 2023Q1: holders=1250 2023Q2: holders=1282 2023Q3: holders=1258 2023Q4: holders=1362 2024Q1: holders=1422 2024Q2: holders=1459 2024Q3: holders=1503 2024Q4: holders=1564 2025Q1: holders=1613 2025Q2: holders=1626 2025Q3: holders=1622 2025Q4: holders=1676 2026Q1: holders=1696 2026Q2: holders=1668 -104 -52 +0 +52 +104 61211971781 13Q315Q116Q318Q119Q321Q122Q324Q125Q326Q2 Net change in holders (bars) Total funds holding (line)

What happened after each past buying rush 30 times in its history

Quarter of the rush How unusual then Price, next 3 months Price, next 6 months
2026Q1 Top 20%
2025Q4 Top 10% -17.2%
2025Q1 Top 5% +8.8% -1.8%
2024Q4 Top 10% -1.9% +6.3%
2024Q3 Top 10% +7.9% +6.1%
2024Q2 Top 10% +3.1% +11.2%
2024Q1 Top 5% +3.9% +5.4%
2023Q4 Top 5% +8.8% +13.0%

These are the raw price moves, not how much it beat the market by. Compare them against the market over the same months — in a strong bull market almost everything is up.

Show all the numbers (large funds, value held, options…) ▾
Of them, large funds
358
Change in large funds
+22
Total value they hold
$66.6B
Funds buying for the first time
142
Funds that sold out entirely
170
Price change that quarter
+12.8%
Funds holding puts (bearish)
18
Funds holding calls (bullish)
11

These are for people who want to dig. Skip them if they do not mean anything to you — the three numbers above are enough.

8,697 institutions have filed for this quarter. 13F permits late filing and a small number arrive in the weeks after the deadline, so the holder counts and changes below may tick up.

Fundamentals

PE (TTM)
37.6
EPS (TTM)
$7.45
EPS YoY
-0.5%
Revenue (TTM)
$16.8B
Revenue YoY
+7.1%
Net margin
12.6%
ROE
21.1%
Debt ratio
66.3%
FCF (TTM)
$1.9B
Dividend (TTM)
$2.84
Quarterly Revenue & EPS
2021-09-30: EPS 1.12 2021-12-31: EPS 1.04 2022-03-31: EPS 0.60 2022-06-30: EPS 1.08 2022-09-30: EPS 1.21 2022-12-31: EPS 0.93 2023-03-31: EPS 0.82 2023-06-30: EPS 1.15 2023-09-30: EPS 1.41 2023-12-31: EPS 1.41 2024-03-31: EPS 1.43 2024-06-30: EPS 1.71 2024-09-30: EPS 2.58 2024-12-31: EPS 1.66 2025-03-31: EPS 1.41 2025-06-30: EPS 1.84 2025-09-30: EPS 2.05 2025-12-31: EPS 1.98 2026-03-31: EPS 1.52 2026-06-30: EPS 1.90 0B 2.2B 4.4B $B 0.00 1.42 2.84 2016201720182019202020212022202320242025202606/26 Revenue EPS

Quarterly figures, revenue up to 10 years back; EPS split-adjusted, early quarters hidden when not calibrable

P/E (TTM) over time
4Y median 40 30 38 46 20222023202420252026

P/E = close around day 47 after quarter-end ÷ TTM EPS then; this is a consistent valuation date, not the company’s actual filing date; loss quarters hidden

Quarterly free cash flow
0K379M758M 20162017201820192020202120222023202420252026
Latest quarter $97M (2026-03-31)

FCF = operating cash flow − capex, computed from SEC XBRL; banks/insurers have no standard cash-flow structure and are hidden

As of 2026-06-30 · SEC filings (XBRL)

Email me the next update

2026 Q3 holdings are due 2026-11-16. We will email you when the refreshed lists are live.