Ecolab Inc. (ECL) Insider Thomas W. Handley Sells 7,397 Shares
Ecolab Inc. (NYSE:ECL) insider Thomas W. Handley sold 7,397 shares of the business’s stock in a transaction dated Thursday, September 14th. The shares were sold at an average price of $130.63, for a total transaction of $966,270.11. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Ecolab Inc. (ECL) traded up 0.03% during midday trading on Friday, reaching $131.05. 1,208,174 shares of the company traded hands. The company has a 50 day moving average price of $131.34 and a 200-day moving average price of $129.33. Ecolab Inc. has a one year low of $110.65 and a one year high of $134.89. The stock has a market capitalization of $37.92 billion, a P/E ratio of 29.96 and a beta of 0.99.
Ecolab (NYSE:ECL) last posted its quarterly earnings results on Tuesday, August 1st. The basic materials company reported $1.13 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.12 by $0.01. The company had revenue of $3.46 billion for the quarter, compared to the consensus estimate of $3.40 billion. Ecolab had a net margin of 9.66% and a return on equity of 18.93%. The firm’s revenue was up 4.4% compared to the same quarter last year. During the same quarter last year, the firm posted $1.08 EPS. Analysts forecast that Ecolab Inc. will post $4.74 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Tuesday, September 19th will be paid a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 1.13%. The ex-dividend date is Monday, September 18th. Ecolab’s dividend payout ratio is presently 33.79%.
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A number of institutional investors have recently modified their holdings of ECL. BlackRock Inc. grew its holdings in Ecolab by 2,154.8% during the 1st quarter. BlackRock Inc. now owns 15,032,404 shares of the basic materials company’s stock worth $1,884,161,000 after acquiring an additional 14,365,723 shares in the last quarter. Vanguard Group Inc. grew its holdings in Ecolab by 5.4% during the 1st quarter. Vanguard Group Inc. now owns 20,454,223 shares of the basic materials company’s stock worth $2,563,731,000 after acquiring an additional 1,044,370 shares in the last quarter. Alliancebernstein L.P. grew its holdings in Ecolab by 19.3% during the 1st quarter. Alliancebernstein L.P. now owns 3,555,051 shares of the basic materials company’s stock worth $445,590,000 after acquiring an additional 574,200 shares in the last quarter. Renaissance Technologies LLC bought a new position in Ecolab during the 1st quarter worth about $59,389,000. Finally, AXA grew its holdings in Ecolab by 38.6% during the 1st quarter. AXA now owns 1,406,156 shares of the basic materials company’s stock worth $176,247,000 after acquiring an additional 391,686 shares in the last quarter. Institutional investors own 75.54% of the company’s stock.
A number of research firms have issued reports on ECL. Instinet restated a “neutral” rating and issued a $117.00 price objective (down previously from $120.00) on shares of Ecolab in a research report on Tuesday. Nomura restated a “hold” rating and issued a $117.00 price objective (down previously from $120.00) on shares of Ecolab in a research report on Tuesday. Royal Bank Of Canada boosted their price objective on shares of Ecolab from $134.00 to $137.00 and gave the company an “outperform” rating in a research report on Tuesday. Canaccord Genuity restated a “buy” rating and issued a $145.00 price objective on shares of Ecolab in a research report on Monday. Finally, Credit Suisse Group restated a “hold” rating on shares of Ecolab in a research report on Wednesday, September 6th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $133.93.
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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