BSN CAPITAL PARTNERS 13F: Exits Ecolab (ECL) Stake
Key Points
- BSN Capital Partners closed out its position in Ecolab Inc. ECL by selling all 73,520 shares, as revealed in an SEC Form 13F filing on October 23, 2026.
- Other institutional investors adjusted their positions, with Sustainable Growth Advisers raising its stake by 26.4% to 1,173,054 shares worth about $322.1 million.
- Ecolab shares recently traded around $292.30, up about 1.3% from their $288.53 close on the filing date.
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BSN Capital Partners completely closed out its position in Ecolab Inc. ECL, liquidating its entire holding of 73,520 shares. The exit was revealed in a Form 13F regulatory filing with the SEC on October 23, 2026.
ECL
Ecolab Inc.
What Changed in BSN Capital Partners's Ecolab Position
The fund held 73,520 shares valued prior to selling out entirely. By parting with every last share, the firm cut its position to zero, resulting in a 100.0% reduction for the reported period.
Other Institutional Activity in Ecolab
Other large funds made notable adjustments to their holdings in the specialty chemicals provider during recent reporting windows. Sustainable Growth Advisers grew its holdings by 245,263 shares, ending with 1,173,054 shares worth about $322.1 million. Gates Foundation Trust held steady with 5,218,044 shares valued at about $1.51 billion. Royal Bank of Canada boosted its stake by 114,700 shares, bringing its total to 3,611,647 shares worth about $1.04 billion.
Ecolab Inc. Stock Up 1.5%
Ecolab shares closed at $288.53 on October 23, 2026, and recently traded around $292.30. That puts the stock up about 1.3% since the filing date.
Recent Earnings
Ecolab generated trailing-twelve-month revenue of $16.84 billion with an earnings per share figure of $7.56. The company posted a net profit margin of 12.6% and a return on equity of 22.0%.
Earnings drift grade
Outlook vs expectations on the last report — not price action.
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Forward outlook
3 target cuts vs 1 raises.
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EPS & revenue
EPS missed estimates by 0.7%. Revenue met estimates.
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Profit surprise
EBITDA missed by 39 percent. Operating income missed by 9 percent.
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Pre-earnings setup
Expectations were about average.
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Analyst signal
1 upgrade, 1 target raise, 3 target cuts.
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Earnings quality
Gross margin down 0.8 points. Operating margin down 0.6 points. Positive free cash flow.
Earnings Call Summary
The company delivered strong first quarter results with 4 percent organic sales growth and 13 percent adjusted EPS growth, beating expectations. Management highlighted accelerating momentum in growth engines, particularly Global High Tech growing over 20 percent and Life Sciences accelerating to 11 percent growth. To address high single digit commodity inflation tied to Middle East energy costs, management implemented an energy surcharge starting April 1, which it expects to fully offset costs by late second quarter.
Guidance Ecolab reaffirmed full year earnings growth of 12 to 15 percent, excluding the CoolIT acquisition impact. Second quarter will be a transition quarter with high single digit commodity cost increases, but the company expects to fully offset those costs by the end of the second quarter through pricing and volume growth. The company expects second half organic sales growth of 6 to 7 percent.
Very weak report. The release materially worsened the forward outlook.
Dividend
Ecolab pays an annual dividend rate of $2.92 per share, offering a dividend yield of 1.0% with a payout ratio of 38.1%.
Insider Buying and Selling at Ecolab Inc.
Company insiders executed several transactions prior to the filing. Chief Financial Officer Scott D. Kirkland sold 3,357 shares on July 30, 2026, at an average price of $276.96 for a total value of $929,755. Officer Gregory B Cook sold 4,567 shares on August 11, 2026, at an average price of $285.13 for $1.3 million. Chief Executive Officer Christophe Beck sold 17,862 shares on August 18, 2026, at $280.14 for about $5.0 million. Director Eric Mark Green bought 3,690 shares on September 11, 2026, for a total value of about $1.02 million.
Analysts Set New Price Targets
Wall Street firms updated their views prior to the filing. On July 29, 2026, Mizuho maintained its Outperform rating with a $327 price target, up from $325. BMO Capital maintained an Outperform rating with a $360 target on the same day. JP Morgan kept an Overweight rating on July 29, 2026, raising its target to $305 from $295. Wells Fargo maintained an Equal-Weight rating on July 30, 2026, lifting its target to $295. Later, UBS maintained a Buy rating with a $344 price target on October 5, 2026. The stock carries a consensus Buy recommendation from 21 analysts with a mean price target of $325.05.
About Ecolab
Ecolab Inc. provides water, hygiene, and infection prevention solutions and services. Headquartered in Saint Paul, Minnesota, the firm operates across four primary segments targeting global water, institutional and specialty needs, pest elimination, and life sciences. Institutional interest remains high as the company provides essential sanitation services across multiple industries.
Bottom Line
Investors tracking BSN Capital Partners's portfolio will note the complete departure from this specialty chemicals name. Ecolab's next earnings report is scheduled for October 27, 2026, which will provide fresh data on quarterly performance.
Related Filing Alerts
Source: BSN CAPITAL PARTNERS's 13F filing on $ECL (Oct 23, 2026). 13F filings show holdings as of the end of the reporting quarter and may not reflect the fund's current position. Written by software, not financial advice. How we make alerts