Ecolab Inc. (NYSE:ECL) Major Shareholder Buys $15,573,701.52 in Stock

Ecolab Inc. (NYSE:ECL) major shareholder William H. Gates III purchased 113,768 shares of the firm’s stock in a transaction that occurred on Wednesday, March 14th. The stock was purchased at an average price of $136.89 per share, with a total value of $15,573,701.52. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

Shares of Ecolab stock traded down $1.47 during trading on Friday, reaching $139.78. The company’s stock had a trading volume of 1,791,781 shares, compared to its average volume of 1,354,733. The stock has a market capitalization of $40,376.57, a price-to-earnings ratio of 29.80, a PEG ratio of 2.08 and a beta of 1.00. Ecolab Inc. has a fifty-two week low of $124.46 and a fifty-two week high of $141.99. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.34 and a quick ratio of 0.92.

Ecolab (NYSE:ECL) last announced its earnings results on Tuesday, February 20th. The basic materials company reported $1.39 EPS for the quarter, missing analysts’ consensus estimates of $1.40 by ($0.01). The business had revenue of $3.65 billion during the quarter, compared to analyst estimates of $3.60 billion. Ecolab had a net margin of 10.90% and a return on equity of 19.10%. The business’s revenue was up 8.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.25 earnings per share. analysts anticipate that Ecolab Inc. will post 5.35 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 16th. Investors of record on Tuesday, March 20th will be given a $0.41 dividend. The ex-dividend date of this dividend is Monday, March 19th. This represents a $1.64 dividend on an annualized basis and a yield of 1.17%. Ecolab’s dividend payout ratio (DPR) is 34.97%.

Large investors have recently bought and sold shares of the stock. Wagner Wealth Management LLC purchased a new position in Ecolab in the 4th quarter valued at $112,000. SeaCrest Wealth Management LLC purchased a new position in Ecolab in the 4th quarter valued at $125,000. Captrust Financial Advisors purchased a new position in Ecolab in the 4th quarter valued at $129,000. Aevitas Wealth Management Inc. purchased a new position in Ecolab in the 4th quarter valued at $133,000. Finally, Community Bank N.A. purchased a new position in Ecolab in the 4th quarter valued at $140,000. Hedge funds and other institutional investors own 78.34% of the company’s stock.

A number of research analysts recently issued reports on the stock. BMO Capital Markets assumed coverage on shares of Ecolab in a research note on Tuesday, March 27th. They issued an “outperform” rating and a $151.00 price target for the company. Zacks Investment Research downgraded shares of Ecolab from a “buy” rating to a “hold” rating in a research note on Thursday, March 22nd. Canaccord Genuity set a $145.00 price objective on shares of Ecolab and gave the stock a “buy” rating in a report on Monday, March 12th. Royal Bank of Canada reissued a “buy” rating on shares of Ecolab in a report on Friday, January 19th. Finally, Credit Suisse Group raised their price objective on shares of Ecolab from $129.00 to $137.00 and gave the stock a “neutral” rating in a report on Wednesday, January 24th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and ten have assigned a buy rating to the stock. Ecolab currently has a consensus rating of “Hold” and an average price target of $141.06.

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Ecolab Company Profile

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.

Insider Buying and Selling by Quarter for Ecolab (NYSE:ECL)

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