Caisse DE Depot ET Placement DU Quebec boosted its position in Ecolab Inc. (NYSE:ECL) by 7.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 13,082 shares of the basic materials company’s stock after acquiring an additional 900 shares during the period. Caisse DE Depot ET Placement DU Quebec’s holdings in Ecolab were worth $1,690,000 at the end of the most recent quarter.
Other institutional investors have also recently bought and sold shares of the company. Courier Capital LLC acquired a new position in Ecolab in the second quarter valued at about $282,000. Alps Advisors Inc. lifted its stake in Ecolab by 21.3% in the second quarter. Alps Advisors Inc. now owns 2,134 shares of the basic materials company’s stock valued at $283,000 after buying an additional 375 shares during the period. Stephens Inc. AR lifted its stake in Ecolab by 4.7% in the second quarter. Stephens Inc. AR now owns 18,332 shares of the basic materials company’s stock valued at $2,434,000 after buying an additional 822 shares during the period. Markel Corp lifted its stake in Ecolab by 4.6% in the third quarter. Markel Corp now owns 228,800 shares of the basic materials company’s stock valued at $29,426,000 after buying an additional 10,000 shares during the period. Finally, King Luther Capital Management Corp lifted its stake in Ecolab by 0.5% in the second quarter. King Luther Capital Management Corp now owns 817,279 shares of the basic materials company’s stock valued at $108,494,000 after buying an additional 3,725 shares during the period. Institutional investors and hedge funds own 76.98% of the company’s stock.
In other news, Director David Maclennan bought 450 shares of the company’s stock in a transaction that occurred on Monday, November 6th. The shares were acquired at an average price of $131.77 per share, with a total value of $59,296.50. Following the transaction, the director now owns 1,514 shares in the company, valued at $199,499.78. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Bruno Lavandier sold 1,250 shares of Ecolab stock in a transaction that occurred on Friday, December 8th. The shares were sold at an average price of $135.71, for a total value of $169,637.50. Following the completion of the sale, the senior vice president now directly owns 7,725 shares in the company, valued at approximately $1,048,359.75. The disclosure for this sale can be found here. In the last three months, insiders sold 57,446 shares of company stock worth $7,886,307. 1.49% of the stock is owned by insiders.
Several research firms have weighed in on ECL. BidaskClub raised Ecolab from a “strong sell” rating to a “sell” rating in a research note on Wednesday, August 23rd. Jefferies Group reissued a “hold” rating and issued a $130.00 target price on shares of Ecolab in a research note on Wednesday, August 16th. Barclays increased their target price on Ecolab from $135.00 to $145.00 and gave the company an “overweight” rating in a research note on Wednesday, November 1st. Nomura reissued a “hold” rating and issued a $117.00 target price (down previously from $120.00) on shares of Ecolab in a research note on Tuesday, September 12th. Finally, UBS increased their target price on Ecolab from $147.00 to $148.00 and gave the company a “buy” rating in a research note on Wednesday, November 1st. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $136.86.
Shares of Ecolab Inc. (NYSE ECL) opened at $135.00 on Thursday. The company has a market capitalization of $38,957.20, a PE ratio of 29.64, a PEG ratio of 2.25 and a beta of 1.05. The company has a current ratio of 1.23, a quick ratio of 0.83 and a debt-to-equity ratio of 0.89. Ecolab Inc. has a 1 year low of $116.92 and a 1 year high of $137.96.
Ecolab (NYSE:ECL) last released its quarterly earnings results on Tuesday, October 31st. The basic materials company reported $1.37 EPS for the quarter, topping the Zacks’ consensus estimate of $1.36 by $0.01. The company had revenue of $3.56 billion for the quarter, compared to analyst estimates of $3.55 billion. Ecolab had a return on equity of 19.05% and a net margin of 9.67%. Ecolab’s revenue was up 5.2% compared to the same quarter last year. During the same quarter last year, the firm posted $1.28 earnings per share. research analysts forecast that Ecolab Inc. will post 4.7 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 16th. Stockholders of record on Tuesday, December 19th will be given a dividend of $0.41 per share. The ex-dividend date is Monday, December 18th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 1.21%. This is a positive change from Ecolab’s previous quarterly dividend of $0.37. Ecolab’s dividend payout ratio (DPR) is currently 33.26%.
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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