Elmwood Wealth Management Inc. bought a new position in Ecolab (NYSE:ECL) in the 1st quarter, HoldingsChannel.com reports. The institutional investor bought 5,550 shares of the basic materials company’s stock, valued at approximately $761,000.
Several other institutional investors and hedge funds have also bought and sold shares of the company. Cannell Peter B & Co. Inc. grew its stake in Ecolab by 2.9% during the first quarter. Cannell Peter B & Co. Inc. now owns 13,545 shares of the basic materials company’s stock valued at $1,857,000 after acquiring an additional 380 shares in the last quarter. Wetherby Asset Management Inc. grew its stake in Ecolab by 5.6% during the fourth quarter. Wetherby Asset Management Inc. now owns 7,606 shares of the basic materials company’s stock valued at $1,021,000 after acquiring an additional 405 shares in the last quarter. M Holdings Securities Inc. grew its stake in Ecolab by 5.9% during the fourth quarter. M Holdings Securities Inc. now owns 7,591 shares of the basic materials company’s stock valued at $476,000 after acquiring an additional 422 shares in the last quarter. GW Henssler & Associates Ltd. grew its stake in Ecolab by 0.4% during the first quarter. GW Henssler & Associates Ltd. now owns 95,957 shares of the basic materials company’s stock valued at $13,153,000 after acquiring an additional 423 shares in the last quarter. Finally, Alps Advisors Inc. grew its stake in Ecolab by 16.9% during the fourth quarter. Alps Advisors Inc. now owns 2,970 shares of the basic materials company’s stock valued at $399,000 after acquiring an additional 430 shares in the last quarter. Hedge funds and other institutional investors own 76.21% of the company’s stock.
Several equities analysts recently commented on ECL shares. Boenning Scattergood reaffirmed a “buy” rating on shares of Ecolab in a research note on Monday, January 22nd. Robert W. Baird reduced their price objective on shares of Ecolab from $144.00 to $143.00 and set a “neutral” rating for the company in a research note on Tuesday, January 23rd. Stifel Nicolaus boosted their price objective on shares of Ecolab from $140.00 to $153.00 and gave the company a “hold” rating in a research note on Wednesday, January 24th. Credit Suisse Group boosted their price objective on shares of Ecolab from $129.00 to $137.00 and gave the company a “neutral” rating in a research note on Wednesday, January 24th. Finally, Zacks Investment Research raised shares of Ecolab from a “hold” rating to a “buy” rating and set a $155.00 price objective for the company in a research note on Monday, January 29th. One analyst has rated the stock with a sell rating, nine have given a hold rating and eleven have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $143.94.
Shares of ECL opened at $148.00 on Tuesday. The company has a market capitalization of $42.65 billion, a PE ratio of 31.56, a price-to-earnings-growth ratio of 2.18 and a beta of 0.99. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.15 and a quick ratio of 0.77. Ecolab has a fifty-two week low of $125.74 and a fifty-two week high of $150.46.
Ecolab (NYSE:ECL) last announced its quarterly earnings data on Tuesday, May 1st. The basic materials company reported $0.91 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.89 by $0.02. The firm had revenue of $3.47 billion during the quarter, compared to analyst estimates of $3.38 billion. Ecolab had a net margin of 10.62% and a return on equity of 19.01%. The business’s quarterly revenue was up 9.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.80 EPS. equities research analysts expect that Ecolab will post 5.4 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 16th. Stockholders of record on Tuesday, June 19th will be issued a $0.41 dividend. The ex-dividend date is Monday, June 18th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 1.11%. Ecolab’s payout ratio is 34.97%.
In other news, EVP Roberto Inchaustegui sold 4,800 shares of the business’s stock in a transaction that occurred on Monday, March 12th. The shares were sold at an average price of $136.04, for a total value of $652,992.00. Following the completion of the sale, the executive vice president now directly owns 27,402 shares in the company, valued at approximately $3,727,768.08. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, major shareholder William H. Gates III acquired 694,343 shares of the stock in a transaction dated Wednesday, March 7th. The stock was acquired at an average price of $132.10 per share, with a total value of $91,722,710.30. The disclosure for this purchase can be found here. Over the last 90 days, insiders bought 1,848,529 shares of company stock valued at $248,579,565. Company insiders own 1.50% of the company’s stock.
Ecolab Company Profile
Ecolab Inc provides water, hygiene, and energy technologies and services for customers worldwide. The company operates through Global Industrial, Global Institutional, and Global Energy segments. The Global Industrial segment provides water treatment and process applications, and cleaning and sanitizing solutions primarily to large industrial customers within the manufacturing, food and beverage processing, chemical, mining and primary metals, power generation, pulp and paper, and commercial laundry industries.
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