Stephens Inc. AR trimmed its stake in shares of Ecolab Inc. (NYSE:ECL) by 7.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,071 shares of the basic materials company’s stock after selling 1,500 shares during the period. Stephens Inc. AR’s holdings in Ecolab were worth $2,536,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently bought and sold shares of the company. BlackRock Inc. raised its position in shares of Ecolab by 1.8% in the first quarter. BlackRock Inc. now owns 16,001,452 shares of the basic materials company’s stock valued at $2,193,323,000 after buying an additional 288,375 shares during the last quarter. Edgewood Management LLC raised its position in shares of Ecolab by 2.6% in the second quarter. Edgewood Management LLC now owns 5,650,684 shares of the basic materials company’s stock valued at $792,960,000 after buying an additional 144,389 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of Ecolab by 84.9% in the second quarter. Bank of New York Mellon Corp now owns 3,752,688 shares of the basic materials company’s stock valued at $526,615,000 after buying an additional 1,723,429 shares during the last quarter. Amundi Pioneer Asset Management Inc. raised its position in shares of Ecolab by 30.3% in the first quarter. Amundi Pioneer Asset Management Inc. now owns 2,813,341 shares of the basic materials company’s stock valued at $385,623,000 after buying an additional 653,809 shares during the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec raised its position in shares of Ecolab by 46.6% in the first quarter. Caisse DE Depot ET Placement DU Quebec now owns 2,620,682 shares of the basic materials company’s stock valued at $359,217,000 after buying an additional 833,015 shares during the last quarter. 76.42% of the stock is currently owned by institutional investors and hedge funds.
A number of brokerages have recently commented on ECL. Nomura reiterated a “hold” rating and issued a $146.00 target price on shares of Ecolab in a research report on Wednesday, August 1st. JPMorgan Chase & Co. cut shares of Ecolab from a “neutral” rating to an “underweight” rating in a research report on Thursday, June 28th. Deutsche Bank raised their price objective on shares of Ecolab to $140.00 and gave the stock a “hold” rating in a research report on Tuesday, May 8th. Boenning Scattergood restated a “buy” rating on shares of Ecolab in a research report on Tuesday, July 31st. Finally, Zacks Investment Research upgraded shares of Ecolab from a “sell” rating to a “hold” rating in a research report on Thursday, August 2nd. Ten equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $147.00.
In other news, Director Arthur J. Higgins sold 8,700 shares of the business’s stock in a transaction that occurred on Monday, August 27th. The shares were sold at an average price of $149.76, for a total transaction of $1,302,912.00. Following the completion of the sale, the director now owns 21,363 shares in the company, valued at approximately $3,199,322.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Roberto Inchaustegui sold 10,600 shares of the business’s stock in a transaction that occurred on Thursday, August 2nd. The stock was sold at an average price of $145.71, for a total transaction of $1,544,526.00. Following the sale, the executive vice president now owns 33,202 shares of the company’s stock, valued at approximately $4,837,863.42. The disclosure for this sale can be found here. Insiders sold 51,500 shares of company stock valued at $7,611,383 in the last quarter. 1.50% of the stock is owned by insiders.
NYSE ECL opened at $150.64 on Wednesday. The company has a quick ratio of 0.84, a current ratio of 1.27 and a debt-to-equity ratio of 0.80. Ecolab Inc. has a one year low of $125.74 and a one year high of $151.34. The company has a market capitalization of $43.47 billion, a PE ratio of 32.12, a price-to-earnings-growth ratio of 2.19 and a beta of 0.98.
Ecolab (NYSE:ECL) last issued its quarterly earnings results on Tuesday, July 31st. The basic materials company reported $1.27 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.27. Ecolab had a net margin of 10.83% and a return on equity of 18.96%. The company had revenue of $3.69 billion during the quarter, compared to the consensus estimate of $3.69 billion. During the same quarter in the previous year, the firm earned $1.13 earnings per share. The firm’s quarterly revenue was up 6.6% on a year-over-year basis. equities research analysts anticipate that Ecolab Inc. will post 5.37 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, October 15th. Investors of record on Tuesday, September 18th will be paid a $0.41 dividend. The ex-dividend date is Monday, September 17th. This represents a $1.64 dividend on an annualized basis and a yield of 1.09%. Ecolab’s dividend payout ratio is currently 34.97%.
Ecolab Company Profile
Ecolab Inc provides water, hygiene, and energy technologies and services for customers worldwide. The company operates through Global Industrial, Global Institutional, and Global Energy segments. The Global Industrial segment provides water treatment and process applications, and cleaning and sanitizing solutions primarily to large industrial customers within the manufacturing, food and beverage processing, chemical, mining and primary metals, power generation, pulp and paper, and commercial laundry industries.
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