California State Teachers Retirement System decreased its position in Ecolab Inc. (NYSE:ECL) by 1.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 441,359 shares of the basic materials company’s stock after selling 6,754 shares during the quarter. California State Teachers Retirement System owned 0.15% of Ecolab worth $59,222,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently modified their holdings of the company. SeaCrest Wealth Management LLC acquired a new position in shares of Ecolab in the 4th quarter worth approximately $125,000. Aevitas Wealth Management Inc. acquired a new position in shares of Ecolab in the 4th quarter worth approximately $133,000. Community Bank N.A. acquired a new position in shares of Ecolab in the 4th quarter worth approximately $140,000. Cerebellum GP LLC acquired a new position in shares of Ecolab in the 4th quarter worth approximately $174,000. Finally, Chelsea Counsel Co. acquired a new position in shares of Ecolab in the 4th quarter worth approximately $201,000. Institutional investors own 78.34% of the company’s stock.
In other news, major shareholder William H. Gates III purchased 694,343 shares of the stock in a transaction dated Wednesday, March 7th. The shares were bought at an average cost of $132.10 per share, for a total transaction of $91,722,710.30. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Jeffrey M. Ettinger purchased 6,400 shares of the stock in a transaction dated Friday, March 9th. The shares were purchased at an average price of $134.42 per share, for a total transaction of $860,288.00. Following the completion of the transaction, the director now owns 11,164 shares in the company, valued at approximately $1,500,664.88. The disclosure for this purchase can be found here. Insiders have acquired a total of 1,143,262 shares of company stock worth $152,146,056 in the last ninety days. 1.49% of the stock is owned by company insiders.
Shares of Ecolab Inc. (NYSE:ECL) opened at $136.83 on Wednesday. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.92 and a current ratio of 1.34. The firm has a market capitalization of $39,510.05, a price-to-earnings ratio of 29.16, a price-to-earnings-growth ratio of 2.04 and a beta of 1.07. Ecolab Inc. has a 12 month low of $122.58 and a 12 month high of $140.50.
Ecolab (NYSE:ECL) last announced its earnings results on Tuesday, February 20th. The basic materials company reported $1.39 earnings per share for the quarter, missing the consensus estimate of $1.40 by ($0.01). The business had revenue of $3.65 billion for the quarter, compared to the consensus estimate of $3.60 billion. Ecolab had a net margin of 10.90% and a return on equity of 19.10%. The firm’s revenue was up 8.9% on a year-over-year basis. During the same period in the previous year, the firm earned $1.25 EPS. equities research analysts expect that Ecolab Inc. will post 5.35 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, April 16th. Shareholders of record on Tuesday, March 20th will be paid a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a yield of 1.20%. The ex-dividend date is Monday, March 19th. Ecolab’s payout ratio is currently 31.91%.
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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