Sun. Sep 25th, 2022
Ecolab Inc. logo


Fisher Asset Management LLC purchased a new position in Ecolab Inc. (NYSE:ECLGet Rating) during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 1,259 shares of the basic materials company’s stock, valued at approximately $222,000.

A number of other institutional investors and hedge funds have also modified their holdings of ECL. National Bank of Canada FI grew its holdings in Ecolab by 11.4% during the 1st quarter. National Bank of Canada FI now owns 22,426 shares of the basic materials company’s stock valued at $4,595,000 after buying an additional 2,296 shares during the last quarter. Larson Financial Group LLC grew its holdings in Ecolab by 1.4% during the 1st quarter. Larson Financial Group LLC now owns 6,344 shares of the basic materials company’s stock valued at $1,120,000 after buying an additional 87 shares during the last quarter. Baillie Gifford & Co. grew its holdings in Ecolab by 4.6% during the 1st quarter. Baillie Gifford & Co. now owns 1,040,355 shares of the basic materials company’s stock valued at $183,685,000 after buying an additional 46,031 shares during the last quarter. Gulf International Bank UK Ltd grew its holdings in Ecolab by 0.9% during the 1st quarter. Gulf International Bank UK Ltd now owns 57,926 shares of the basic materials company’s stock valued at $10,227,000 after buying an additional 512 shares during the last quarter. Finally, Haverford Trust Co grew its holdings in Ecolab by 2.1% during the 1st quarter. Haverford Trust Co now owns 456,654 shares of the basic materials company’s stock valued at $80,627,000 after buying an additional 9,460 shares during the last quarter. Institutional investors and hedge funds own 75.04% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have commented on ECL shares. Northcoast Research started coverage on Ecolab in a report on Friday, July 15th. They set a “neutral” rating on the stock. Mizuho reduced their price target on Ecolab from $198.00 to $183.00 and set a “neutral” rating on the stock in a research note on Wednesday, June 29th. Wells Fargo & Company initiated coverage on Ecolab in a research note on Tuesday, July 12th. They set an “overweight” rating and a $187.00 price target on the stock. JPMorgan Chase & Co. raised Ecolab from a “neutral” rating to an “overweight” rating and reduced their price target for the stock from $191.00 to $190.00 in a research note on Wednesday, April 27th. Finally, Credit Suisse Group raised Ecolab from a “neutral” rating to an “outperform” rating and increased their price target for the stock from $180.00 to $195.00 in a research note on Friday, June 3rd. Ten equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $194.12.

Insider Buying and Selling at Ecolab

In other news, EVP Michael C. Mccormick sold 3,000 shares of the firm’s stock in a transaction dated Wednesday, June 8th. The stock was sold at an average price of $167.72, for a total transaction of $503,160.00. Following the completion of the sale, the executive vice president now directly owns 50,060 shares in the company, valued at $8,396,063.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, EVP Michael C. Mccormick sold 3,000 shares of the firm’s stock in a transaction dated Wednesday, June 8th. The stock was sold at an average price of $167.72, for a total transaction of $503,160.00. Following the completion of the sale, the executive vice president now directly owns 50,060 shares in the company, valued at $8,396,063.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Arthur J. Higgins sold 3,200 shares of the firm’s stock in a transaction dated Monday, August 1st. The shares were sold at an average price of $166.74, for a total value of $533,568.00. Following the sale, the director now owns 22,530 shares of the company’s stock, valued at $3,756,652.20. The disclosure for this sale can be found here. 1.04% of the stock is currently owned by corporate insiders.

Ecolab Trading Down 0.2 %

Shares of ECL opened at $166.50 on Friday. The stock’s fifty day simple moving average is $159.07 and its 200 day simple moving average is $169.42. The company has a current ratio of 1.29, a quick ratio of 0.84 and a debt-to-equity ratio of 1.15. Ecolab Inc. has a twelve month low of $143.82 and a twelve month high of $238.93. The firm has a market capitalization of $47.56 billion, a P/E ratio of 43.36, a price-to-earnings-growth ratio of 2.75 and a beta of 1.02.

Ecolab (NYSE:ECLGet Rating) last released its quarterly earnings data on Tuesday, July 26th. The basic materials company reported $1.10 EPS for the quarter, beating the consensus estimate of $1.07 by $0.03. Ecolab had a return on equity of 18.56% and a net margin of 8.17%. The company had revenue of $3.58 billion for the quarter, compared to analyst estimates of $3.48 billion. During the same period last year, the company posted $1.22 earnings per share. The firm’s revenue was up 13.2% compared to the same quarter last year. On average, equities research analysts forecast that Ecolab Inc. will post 4.78 earnings per share for the current year.

Ecolab Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 17th. Shareholders of record on Tuesday, September 20th will be given a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 1.23%. The ex-dividend date is Monday, September 19th. Ecolab’s dividend payout ratio (DPR) is presently 53.13%.

Ecolab Company Profile

(Get Rating)

Ecolab Inc provides water, hygiene, and infection prevention solutions and services in the United States and internationally. The company operates through Global Industrial, Global Institutional & Specialty, and Global Healthcare & Life Sciences segments. The Global Industrial segment offers water treatment and process applications, and cleaning and sanitizing solutions to manufacturing, food and beverage processing, transportation, chemical, metals and mining, power generation, pulp and paper, commercial laundry, petroleum, refining, and petrochemical industries.

See Also

Institutional Ownership by Quarter for Ecolab (NYSE:ECL)



Receive News & Ratings for Ecolab Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Ecolab and related companies with MarketBeat.com’s FREE daily email newsletter.

Source link

By Samy

Leave a Reply

Your email address will not be published.