Fulcrum Capital LLC bought a new stake in shares of Ecolab Inc. (NYSE:ECL) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 27,354 shares of the basic materials company’s stock, valued at approximately $3,670,000.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Atlantic Trust LLC bought a new stake in Ecolab during the 2nd quarter valued at $106,000. IHT Wealth Management LLC boosted its position in Ecolab by 4.9% during the 2nd quarter. IHT Wealth Management LLC now owns 811 shares of the basic materials company’s stock valued at $116,000 after acquiring an additional 38 shares in the last quarter. Archford Capital Strategies LLC boosted its position in Ecolab by 169.8% during the 2nd quarter. Archford Capital Strategies LLC now owns 12,925 shares of the basic materials company’s stock valued at $164,000 after acquiring an additional 8,135 shares in the last quarter. Cerebellum GP LLC bought a new stake in Ecolab during the 4th quarter valued at $174,000. Finally, Westwood Holdings Group Inc. purchased a new stake in shares of Ecolab during the 2nd quarter valued at $184,000. 76.52% of the stock is currently owned by institutional investors and hedge funds.
Several brokerages have recently commented on ECL. Zacks Investment Research upgraded Ecolab from a “hold” rating to a “buy” rating and set a $155.00 price objective for the company in a report on Monday, January 29th. Credit Suisse Group increased their price objective on Ecolab from $129.00 to $137.00 and gave the company a “neutral” rating in a report on Wednesday, January 24th. Stifel Nicolaus increased their price objective on Ecolab from $140.00 to $153.00 and gave the company a “hold” rating in a report on Wednesday, January 24th. Robert W. Baird decreased their price objective on Ecolab from $144.00 to $143.00 and set a “neutral” rating for the company in a report on Tuesday, January 23rd. Finally, Boenning Scattergood reiterated a “buy” rating on shares of Ecolab in a report on Monday, January 22nd. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and nine have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $140.07.
Shares of Ecolab Inc. (NYSE ECL) traded up $0.82 during mid-day trading on Wednesday, reaching $130.16. The company had a trading volume of 715,437 shares, compared to its average volume of 1,418,310. The stock has a market cap of $37,605.09, a price-to-earnings ratio of 29.04, a price-to-earnings-growth ratio of 1.90 and a beta of 1.06. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.23 and a quick ratio of 0.83. Ecolab Inc. has a one year low of $121.50 and a one year high of $140.50.
The company also recently announced a quarterly dividend, which was paid on Tuesday, January 16th. Investors of record on Tuesday, December 19th were paid a $0.41 dividend. This is a positive change from Ecolab’s previous quarterly dividend of $0.37. The ex-dividend date was Monday, December 18th. This represents a $1.64 dividend on an annualized basis and a yield of 1.26%. Ecolab’s dividend payout ratio (DPR) is 33.26%.
In related news, CFO Daniel J. Schmechel sold 1,708 shares of the firm’s stock in a transaction on Thursday, December 7th. The stock was sold at an average price of $136.30, for a total value of $232,800.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Bruno Lavandier sold 347 shares of the stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $134.77, for a total value of $46,765.19. Following the sale, the senior vice president now directly owns 7,615 shares in the company, valued at $1,026,273.55. The disclosure for this sale can be found here. Insiders sold a total of 57,446 shares of company stock valued at $7,886,307 in the last 90 days. 1.49% of the stock is currently owned by company insiders.
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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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