Smith Shellnut Wilson LLC ADV boosted its stake in shares of Ecolab Inc. (NYSE:ECL) by 61.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,585 shares of the basic materials company’s stock after acquiring an additional 1,360 shares during the quarter. Smith Shellnut Wilson LLC ADV’s holdings in Ecolab were worth $461,000 as of its most recent SEC filing.
A number of other institutional investors also recently added to or reduced their stakes in ECL. Belpointe Asset Management LLC bought a new stake in shares of Ecolab during the third quarter worth $825,000. IFM Investors Pty Ltd bought a new stake in shares of Ecolab during the third quarter worth $941,000. Stonebridge Capital Advisors LLC grew its holdings in shares of Ecolab by 30.0% during the third quarter. Stonebridge Capital Advisors LLC now owns 4,336 shares of the basic materials company’s stock worth $557,000 after purchasing an additional 1,000 shares during the last quarter. TT International grew its holdings in shares of Ecolab by 52.2% during the third quarter. TT International now owns 73,369 shares of the basic materials company’s stock worth $9,435,000 after purchasing an additional 25,169 shares during the last quarter. Finally, Sterling Capital Management LLC grew its holdings in shares of Ecolab by 1,397.8% during the third quarter. Sterling Capital Management LLC now owns 570,435 shares of the basic materials company’s stock worth $73,364,000 after purchasing an additional 532,349 shares during the last quarter. Hedge funds and other institutional investors own 76.98% of the company’s stock.
In other news, Director David Maclennan purchased 450 shares of the firm’s stock in a transaction that occurred on Monday, November 6th. The shares were acquired at an average price of $131.77 per share, for a total transaction of $59,296.50. Following the completion of the acquisition, the director now directly owns 1,514 shares in the company, valued at $199,499.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Bruno Lavandier sold 1,250 shares of the stock in a transaction dated Friday, December 8th. The shares were sold at an average price of $135.71, for a total value of $169,637.50. Following the completion of the transaction, the senior vice president now directly owns 7,725 shares in the company, valued at approximately $1,048,359.75. The disclosure for this sale can be found here. In the last quarter, insiders sold 57,446 shares of company stock worth $7,886,307. 1.49% of the stock is owned by company insiders.
Ecolab Inc. (NYSE ECL) opened at $135.00 on Thursday. The stock has a market capitalization of $38,957.20, a PE ratio of 29.64, a P/E/G ratio of 2.25 and a beta of 1.05. Ecolab Inc. has a 1-year low of $116.92 and a 1-year high of $137.96. 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 posted its quarterly earnings results on Tuesday, October 31st. The basic materials company reported $1.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.36 by $0.01. The business had revenue of $3.56 billion for the quarter, compared to analysts’ expectations of $3.55 billion. Ecolab had a return on equity of 19.05% and a net margin of 9.67%. The firm’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same quarter last year, the business earned $1.28 earnings per share. equities analysts forecast that Ecolab Inc. will post 4.7 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Tuesday, December 19th will be issued a $0.41 dividend. This is a boost from Ecolab’s previous quarterly dividend of $0.37. The ex-dividend date of this dividend is Monday, December 18th. This represents a $1.64 annualized dividend and a yield of 1.21%. Ecolab’s dividend payout ratio (DPR) is currently 33.26%.
Several brokerages have recently commented on ECL. BidaskClub upgraded Ecolab from a “strong sell” rating to a “sell” rating in a report on Wednesday, August 23rd. Jefferies Group restated a “hold” rating and set a $130.00 target price on shares of Ecolab in a report on Wednesday, August 16th. Barclays increased their target price on Ecolab from $135.00 to $145.00 and gave the stock an “overweight” rating in a report on Wednesday, November 1st. Nomura restated a “hold” rating and set a $117.00 target price (down previously from $120.00) on shares of Ecolab in a report on Tuesday, September 12th. Finally, UBS increased their target price on Ecolab from $147.00 to $148.00 and gave the stock a “buy” rating in a report on Wednesday, November 1st. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and seven have given a buy rating to the stock. Ecolab currently has a consensus rating of “Hold” and a consensus price target 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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