Epoch Investment Partners Inc. boosted its stake in Ecolab Inc. (NYSE:ECL) by 9.9% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 600,240 shares of the basic materials company’s stock after acquiring an additional 54,301 shares during the period. Epoch Investment Partners Inc. owned 0.21% of Ecolab worth $84,232,000 as of its most recent SEC filing.
A number of other hedge funds also recently modified their holdings of ECL. Braun Bostich & Associates Inc. increased its position in Ecolab by 487.7% in the 2nd quarter. Braun Bostich & Associates Inc. now owns 858 shares of the basic materials company’s stock valued at $120,000 after acquiring an additional 712 shares during the period. Squar Milner Financial Services LLC acquired a new position in Ecolab in the 2nd quarter valued at about $126,000. Signaturefd LLC acquired a new position in Ecolab in the 1st quarter valued at about $131,000. LeJeune Puetz Investment Counsel LLC acquired a new position in Ecolab in the 2nd quarter valued at about $154,000. Finally, Summit Trail Advisors LLC increased its position in Ecolab by 14,388.0% in the 1st quarter. Summit Trail Advisors LLC now owns 162,411 shares of the basic materials company’s stock valued at $162,000 after acquiring an additional 161,290 shares during the period. Hedge funds and other institutional investors own 76.42% of the company’s stock.
Several brokerages recently issued reports on ECL. ValuEngine upgraded Ecolab from a “hold” rating to a “buy” rating in a research report on Friday. Nomura boosted their target price on Ecolab from $146.00 to $153.00 and gave the stock a “neutral” rating in a research report on Monday, August 13th. Oppenheimer boosted their target price on Ecolab from $153.00 to $156.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 7th. Zacks Investment Research upgraded Ecolab from a “sell” rating to a “hold” rating in a research report on Thursday, August 2nd. Finally, Credit Suisse Group boosted their target price on Ecolab from $140.00 to $142.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 1st. Nine investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Ecolab has a consensus rating of “Buy” and an average target price of $147.00.
NYSE ECL opened at $153.20 on Friday. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.84 and a current ratio of 1.27. Ecolab Inc. has a 12-month low of $125.74 and a 12-month high of $153.62. The company has a market cap of $44.05 billion, a price-to-earnings ratio of 30.86, a price-to-earnings-growth ratio of 2.22 and a beta of 0.99.
Ecolab (NYSE:ECL) last announced its quarterly earnings results on Tuesday, July 31st. The basic materials company reported $1.27 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.27. The business had revenue of $3.69 billion for the quarter, compared to analyst estimates of $3.69 billion. Ecolab had a return on equity of 18.96% and a net margin of 10.83%. The company’s quarterly revenue was up 6.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.13 EPS. equities research analysts forecast that Ecolab Inc. will post 5.37 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, October 15th. Stockholders of record on Tuesday, September 18th will be paid a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a dividend yield of 1.07%. The ex-dividend date of this dividend is Monday, September 17th. Ecolab’s dividend payout ratio (DPR) is 34.97%.
In other news, Director David Maclennan purchased 500 shares of the firm’s stock in a transaction dated Thursday, August 2nd. The shares were acquired at an average price of $146.40 per share, with a total value of $73,200.00. Following the purchase, the director now directly owns 2,128 shares of the company’s stock, valued at $311,539.20. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Arthur J. Higgins sold 8,700 shares of the business’s stock in a transaction that occurred on Monday, August 27th. The stock was sold at an average price of $149.76, for a total value of $1,302,912.00. Following the sale, the director now directly owns 21,363 shares in the company, valued at approximately $3,199,322.88. The disclosure for this sale can be found here. Insiders have sold a total of 63,300 shares of company stock worth $9,384,333 in the last three months. Corporate insiders own 1.50% of the company’s stock.
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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