Plancorp LLC held its stake in Ecolab Inc. (NYSE:ECL) during the first quarter, according to its most recent disclosure with the SEC. The firm owned 1,824 shares of the basic materials company’s stock at the end of the first quarter. Plancorp LLC’s holdings in Ecolab were worth $228,000 at the end of the most recent reporting period.
Other hedge funds have also added to or reduced their stakes in the company. FUKOKU MUTUAL LIFE INSURANCE Co increased its stake in shares of Ecolab by 60.0% in the first quarter. FUKOKU MUTUAL LIFE INSURANCE Co now owns 800 shares of the basic materials company’s stock valued at $100,000 after buying an additional 300 shares during the period. JNBA Financial Advisors increased its stake in shares of Ecolab by 2.5% in the first quarter. JNBA Financial Advisors now owns 871 shares of the basic materials company’s stock valued at $109,000 after buying an additional 21 shares during the period. Guardian Life Insurance Co. of America increased its stake in shares of Ecolab by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 1,012 shares of the basic materials company’s stock valued at $127,000 after buying an additional 7 shares during the period. State of Alaska Department of Revenue purchased a new stake in shares of Ecolab during the first quarter valued at approximately $134,000. Finally, Global X Management Co. LLC increased its stake in shares of Ecolab by 26.2% in the first quarter. Global X Management Co. LLC now owns 1,156 shares of the basic materials company’s stock valued at $145,000 after buying an additional 240 shares during the period. 75.71% of the stock is currently owned by hedge funds and other institutional investors.
Ecolab Inc. (ECL) opened at 133.05 on Thursday. The stock has a 50 day moving average of $132.95 and a 200 day moving average of $126.35. The company has a market cap of $38.59 billion, a PE ratio of 31.43 and a beta of 0.98. Ecolab Inc. has a 52 week low of $110.65 and a 52 week high of $134.89.
Ecolab (NYSE:ECL) last issued its earnings results on Tuesday, May 2nd. The basic materials company reported $0.80 EPS for the quarter, missing the Zacks’ consensus estimate of $0.81 by $0.01. The firm had revenue of $3.17 billion during the quarter, compared to analysts’ expectations of $3.16 billion. Ecolab had a net margin of 9.47% and a return on equity of 18.96%. Ecolab’s quarterly revenue was up 2.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.77 EPS. Equities research analysts predict that Ecolab Inc. will post $4.78 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Monday, July 17th. Shareholders of record on Tuesday, June 20th were issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 1.11%. The ex-dividend date of this dividend was Friday, June 16th. Ecolab’s payout ratio is presently 34.91%.
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ECL has been the topic of several recent analyst reports. Oppenheimer Holdings, Inc. reissued an “outperform” rating and set a $141.00 price objective (up from $133.00) on shares of Ecolab in a research report on Friday, June 2nd. J P Morgan Chase & Co raised shares of Ecolab from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $120.00 to $138.00 in a research report on Friday, May 26th. Nomura raised shares of Ecolab from a “reduce” rating to a “neutral” rating and increased their price objective for the company from $99.00 to $118.00 in a research report on Monday, April 3rd. Canaccord Genuity reissued a “buy” rating and set a $135.00 price objective on shares of Ecolab in a research report on Monday, May 1st. Finally, Instinet upgraded shares of Ecolab from a “reduce” rating to a “neutral” rating and upped their target price for the company from $99.00 to $118.00 in a research note on Monday, April 3rd. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $129.79.
In other Ecolab news, EVP Stephen M. Taylor sold 23,151 shares of the business’s stock in a transaction that occurred on Friday, June 9th. The stock was sold at an average price of $133.06, for a total value of $3,080,472.06. Following the completion of the transaction, the executive vice president now directly owns 44,466 shares of the company’s stock, valued at $5,916,645.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Carl M. Casale purchased 5,000 shares of the firm’s stock in a transaction on Friday, May 5th. The stock was bought at an average cost of $126.33 per share, with a total value of $631,650.00. Following the completion of the acquisition, the director now directly owns 11,495 shares of the company’s stock, valued at approximately $1,452,163.35. The disclosure for this purchase can be found here. Insiders sold 44,810 shares of company stock valued at $5,897,361 over the last three months. 1.49% of the stock is currently owned by corporate insiders.
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.
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