Norinchukin Bank The grew its holdings in Ecolab Inc. (NYSE:ECL) by 13.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 140,838 shares of the basic materials company’s stock after purchasing an additional 16,369 shares during the quarter. Norinchukin Bank The’s holdings in Ecolab were worth $18,114,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors have also made changes to their positions in ECL. TCI Wealth Advisors Inc. increased its position in Ecolab by 4.8% in the 2nd quarter. TCI Wealth Advisors Inc. now owns 763 shares of the basic materials company’s stock valued at $101,000 after buying an additional 35 shares in the last quarter. Atlantic Trust LLC bought a new stake in Ecolab in the 2nd quarter valued at about $106,000. IHT Wealth Management LLC increased its position in Ecolab by 4.9% in the 2nd quarter. IHT Wealth Management LLC now owns 811 shares of the basic materials company’s stock valued at $116,000 after buying an additional 38 shares in the last quarter. Atwood & Palmer Inc. increased its position in Ecolab by 2.9% in the 2nd quarter. Atwood & Palmer Inc. now owns 892 shares of the basic materials company’s stock valued at $118,000 after buying an additional 25 shares in the last quarter. Finally, Sphera Funds Management LTD. bought a new stake in Ecolab in the 2nd quarter valued at about $133,000. 76.98% of the stock is currently owned by institutional investors.
In related news, EVP Michael A. Hickey sold 19,300 shares of the company’s stock in a transaction that occurred on Tuesday, December 5th. The stock was sold at an average price of $137.54, for a total value of $2,654,522.00. Following the transaction, the executive vice president now owns 43,262 shares in the company, valued at $5,950,255.48. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Thomas W. Handley sold 7,397 shares of the company’s stock in a transaction that occurred on Thursday, September 14th. The shares were sold at an average price of $130.63, for a total value of $966,270.11. The disclosure for this sale can be found here. Insiders sold a total of 63,593 shares of company stock worth $8,682,940 in the last 90 days. Company insiders own 1.49% of the company’s stock.
Ecolab Inc. (NYSE ECL) opened at $135.92 on Friday. Ecolab Inc. has a 12 month low of $116.92 and a 12 month high of $137.96. The firm has a market capitalization of $39,702.60, a P/E ratio of 30.20, a PEG ratio of 2.29 and a beta of 1.05. The company has a quick ratio of 0.83, a current ratio of 1.23 and a debt-to-equity ratio of 0.89.
Ecolab (NYSE:ECL) last announced its earnings results on Tuesday, October 31st. The basic materials company reported $1.37 earnings per share for the quarter, topping analysts’ consensus estimates of $1.36 by $0.01. Ecolab had a return on equity of 19.05% and a net margin of 9.67%. The firm had revenue of $3.56 billion for the quarter, compared to the consensus estimate of $3.55 billion. During the same quarter in the previous year, the business earned $1.28 EPS. The company’s revenue was up 5.2% compared to the same quarter last year. research analysts forecast that Ecolab Inc. will post 4.7 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 16th. Stockholders of record on Tuesday, December 19th will be paid a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a dividend yield of 1.21%. This is an increase from Ecolab’s previous quarterly dividend of $0.37. Ecolab’s payout ratio is presently 33.26%.
A number of brokerages have commented on ECL. BidaskClub lowered Ecolab from a “sell” rating to a “strong sell” rating in a report on Monday, August 14th. Zacks Investment Research lowered Ecolab from a “hold” rating to a “sell” rating in a report on Tuesday, October 3rd. Jefferies Group reissued a “hold” rating and set a $130.00 price objective on shares of Ecolab in a report on Wednesday, August 16th. UBS boosted their price objective on Ecolab from $147.00 to $148.00 and gave the stock a “buy” rating in a report on Wednesday, November 1st. Finally, Morgan Stanley began coverage on Ecolab in a report on Tuesday, August 15th. They set an “equal weight” rating and a $140.00 price objective for the company. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and seven have given a buy rating to the stock. Ecolab has a consensus rating of “Hold” and an average target price of $136.86.
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Ecolab Inc provides water, hygiene and energy technologies and services. The Company’s cleaning and sanitizing programs and products, pest elimination services and equipment maintenance and repair services support customers in the foodservice, food and beverage processing, hospitality, healthcare, government and education, retail, textile care and commercial facilities management sectors in over 170 countries.
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