Segall Bryant & Hamill LLC lowered its position in shares of Ecolab Inc. (NYSE:ECL) by 3.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 34,121 shares of the basic materials company’s stock after selling 1,247 shares during the period. Segall Bryant & Hamill LLC’s holdings in Ecolab were worth $4,277,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Impax Asset Management LTD raised its position in Ecolab by 17.4% in the first quarter. Impax Asset Management LTD now owns 938,476 shares of the basic materials company’s stock worth $117,629,000 after buying an additional 139,118 shares during the last quarter. Mission Wealth Management LLC acquired a new stake in shares of Ecolab during the first quarter worth about $222,000. Cornerstone Wealth Management LLC acquired a new stake in shares of Ecolab during the first quarter worth about $511,000. Birch Hill Investment Advisors LLC increased its stake in shares of Ecolab by 0.7% in the first quarter. Birch Hill Investment Advisors LLC now owns 299,762 shares of the basic materials company’s stock worth $37,572,000 after buying an additional 2,038 shares during the period. Finally, Simmons Bank increased its stake in Ecolab by 1.0% in the first quarter. Simmons Bank now owns 4,636 shares of the basic materials company’s stock worth $581,000 after buying an additional 47 shares during the last quarter. 75.66% of the stock is owned by institutional investors and hedge funds.
Ecolab Inc. (NYSE:ECL) traded down 0.54% during midday trading on Tuesday, hitting $131.24. The stock had a trading volume of 636,925 shares. The stock has a market cap of $38.03 billion, a PE ratio of 30.00 and a beta of 0.98. Ecolab Inc. has a 52-week low of $110.65 and a 52-week high of $134.89. The company’s 50 day moving average price is $132.51 and its 200-day moving average price is $127.37.
Ecolab (NYSE:ECL) last announced its quarterly earnings data on Tuesday, August 1st. The basic materials company reported $1.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.12 by $0.01. The business had revenue of $3.46 billion for the quarter, compared to analysts’ expectations of $3.40 billion. Ecolab had a return on equity of 18.93% and a net margin of 9.66%. The company’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same period last year, the firm earned $1.08 earnings per share. Analysts forecast that Ecolab Inc. will post $4.80 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Tuesday, September 19th will be issued a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 1.13%. The ex-dividend date of this dividend is Monday, September 18th. Ecolab’s dividend payout ratio (DPR) is presently 33.79%.
A number of analysts recently weighed in on ECL shares. Canaccord Genuity restated a “buy” rating and issued a $135.00 target price on shares of Ecolab in a research report on Monday, May 1st. Oppenheimer Holdings, Inc. reiterated an “outperform” rating and issued a $141.00 price objective (up previously from $133.00) on shares of Ecolab in a research report on Friday, June 2nd. J P Morgan Chase & Co upgraded Ecolab from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $120.00 to $138.00 in a research report on Friday, May 26th. Zacks Investment Research downgraded Ecolab from a “buy” rating to a “hold” rating in a research report on Thursday, July 27th. Finally, Deutsche Bank AG boosted their price objective on Ecolab from $132.00 to $134.00 and gave the company a “hold” rating in a research report on Wednesday, August 2nd. Eight investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $133.43.
In related news, EVP Michael A. Hickey sold 13,700 shares of the firm’s stock in a transaction dated Tuesday, May 30th. The stock was sold at an average price of $131.30, for a total transaction of $1,798,810.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Bruno Lavandier sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, June 6th. The shares were sold at an average price of $133.52, for a total transaction of $133,520.00. Following the completion of the sale, the senior vice president now owns 8,922 shares of the company’s stock, valued at approximately $1,191,265.44. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 44,810 shares of company stock worth $5,897,361. Corporate insiders own 1.49% of the company’s stock.
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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