2 weeks Ago By ABMN Staff
D. E. Shaw & Co.
Inc. reduced its position in Ecolab Inc. ( NYSE:ECL – Free Report ) by 30.
6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 437,298 shares of the basic materials company’s stock after selling 192,890 shares during the period. D.
E. Shaw & Co. Inc.
owned about 0.15% of Ecolab worth $104,077,000 as of its most recent SEC filing. A number of other large investors have also made changes to their positions in ECL.
Vanguard Group Inc. raised its stake in Ecolab by 1.3% during the 1st quarter.
Vanguard Group Inc. now owns 23,486,858 shares of the basic materials company’s stock valued at $5,423,116,000 after purchasing an additional 304,402 shares during the period. Mirova US LLC raised its position in Ecolab by 2.
3% during the second quarter. Mirova US LLC now owns 1,975,415 shares of the basic materials company’s stock valued at $470,149,000 after buying an additional 43,553 shares during the period. Swedbank AB purchased a new position in Ecolab during the 1st quarter valued at about $390,687,000.
American Century Companies Inc. increased its holdings in shares of Ecolab by 1.8% in the 2nd quarter.
American Century Companies Inc. now owns 1,372,379 shares of the basic materials company’s stock valued at $326,626,000 after purchasing an additional 24,648 shares during the period. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its position in shares of Ecolab by 5.
9% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,128,977 shares of the basic materials company’s stock worth $223,933,000 after purchasing an additional 62,434 shares in the last quarter. Institutional investors and hedge funds own 74.
91% of the company’s stock. Analyst Ratings Changes ECL has been the topic of a number of research analyst reports. Bank of America raised shares of Ecolab from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $251.
00 to $272.00 in a research report on Wednesday, July 31st. JPMorgan Chase & Co.
boosted their price target on shares of Ecolab from $225.00 to $228.00 and gave the company a “neutral” rating in a report on Wednesday, July 31st.
Wells Fargo & Company upgraded Ecolab to a “strong-buy” rating in a report on Tuesday, August 13th. UBS Group lowered their target price on Ecolab from $288.00 to $276.
00 and set a “buy” rating on the stock in a research note on Thursday, August 15th. Finally, Robert W. Baird raised their price target on Ecolab from $243.
00 to $267.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 31st. Six analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock.
According to MarketBeat.com, Ecolab presently has an average rating of “Moderate Buy” and a consensus target price of $265.43.
Insider Transactions at Ecolab In other news, Director David Maclennan bought 650 shares of the stock in a transaction dated Friday, August 2nd. The shares were acquired at an average price of $240.41 per share, with a total value of $156,266.
50. Following the acquisition, the director now owns 17,967 shares in the company, valued at $4,319,446.47.
The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link . In other Ecolab news, Director Victoria Reich sold 393 shares of the firm’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $250.
00, for a total value of $98,250.00. Following the completion of the sale, the director now owns 24,041 shares in the company, valued at approximately $6,010,250.
The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink . Also, Director David Maclennan purchased 650 shares of the firm’s stock in a transaction dated Friday, August 2nd. The shares were bought at an average cost of $240.
41 per share, for a total transaction of $156,266.50. Following the completion of the purchase, the director now directly owns 17,967 shares of the company’s stock, valued at $4,319,446.
47. The disclosure for this purchase can be found here . 0.
04% of the stock is currently owned by insiders. Ecolab Price Performance NYSE:ECL opened at $255.76 on Friday.
The company has a debt-to-equity ratio of 0.91, a current ratio of 1.50 and a quick ratio of 1.
10. Ecolab Inc. has a one year low of $156.
72 and a one year high of $256.59. The company has a fifty day moving average price of $245.
01 and a 200 day moving average price of $236.58. The stock has a market cap of $72.
77 billion, a P/E ratio of 47.36, a PEG ratio of 2.57 and a beta of 1.
13. Ecolab ( NYSE:ECL – Get Free Report ) last released its earnings results on Tuesday, July 30th. The basic materials company reported $1.
68 earnings per share for the quarter, beating the consensus estimate of $1.67 by $0.01.
Ecolab had a net margin of 10.95% and a return on equity of 21.65%.
The business had revenue of $3.99 billion during the quarter, compared to analysts’ expectations of $4.03 billion.
During the same quarter last year, the company earned $1.24 earnings per share. The firm’s revenue was up 3.
5% on a year-over-year basis. Analysts anticipate that Ecolab Inc. will post 6.
65 earnings per share for the current year. Ecolab Dividend Announcement The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Tuesday, September 17th will be paid a $0.
57 dividend. The ex-dividend date is Tuesday, September 17th. This represents a $2.
28 annualized dividend and a dividend yield of 0.89%. Ecolab’s dividend payout ratio is currently 42.
22%. About Ecolab ( Free Report ) Ecolab Inc provides water, hygiene, and infection prevention solutions and services in the United States and internationally. The company operates through three segments: Global Industrial; Global Institutional & Specialty; and Global Healthcare & Life Sciences.
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 Want to see what other hedge funds are holding ECL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ecolab Inc.
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