Charter Trust Co. increased its stake in shares of Ecolab Inc. (NYSE:ECL) by 208.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,019 shares of the basic materials company’s stock after acquiring an additional 5,420 shares during the quarter. Charter Trust Co.’s holdings in Ecolab were worth $1,257,000 at the end of the most recent quarter.
A number of other large investors also recently made changes to their positions in ECL. Ancora Advisors LLC purchased a new position in Ecolab during the 3rd quarter worth $107,000. Honkamp Krueger Financial Services Inc. purchased a new stake in shares of Ecolab in the third quarter valued at about $110,000. Braun Bostich & Associates Inc. boosted its holdings in shares of Ecolab by 487.7% in the second quarter. Braun Bostich & Associates Inc. now owns 858 shares of the basic materials company’s stock valued at $120,000 after acquiring an additional 712 shares in the last quarter. Flagship Harbor Advisors LLC purchased a new stake in shares of Ecolab in the second quarter valued at about $139,000. Finally, Mckinley Capital Management LLC Delaware purchased a new stake in shares of Ecolab in the third quarter valued at about $147,000. Hedge funds and other institutional investors own 75.91% of the company’s stock.
ECL stock opened at $154.07 on Friday. The stock has a market cap of $45.51 billion, a P/E ratio of 32.85, a P/E/G ratio of 2.35 and a beta of 0.88. Ecolab Inc. has a 52 week low of $125.74 and a 52 week high of $162.91. The company has a current ratio of 1.34, a quick ratio of 0.90 and a debt-to-equity ratio of 0.79.
Ecolab (NYSE:ECL) last released its quarterly earnings data on Tuesday, October 30th. The basic materials company reported $1.53 EPS for the quarter, hitting analysts’ consensus estimates of $1.53. The firm had revenue of $3.75 billion for the quarter, compared to the consensus estimate of $3.74 billion. Ecolab had a net margin of 10.99% and a return on equity of 19.13%. The firm’s revenue was up 5.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.37 earnings per share. On average, equities analysts predict that Ecolab Inc. will post 5.25 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 15th. Investors of record on Tuesday, December 18th will be issued a dividend of $0.46 per share. The ex-dividend date of this dividend is Monday, December 17th. This represents a $1.84 dividend on an annualized basis and a yield of 1.19%. This is an increase from Ecolab’s previous quarterly dividend of $0.41. Ecolab’s payout ratio is currently 34.97%.
Several analysts have recently weighed in on ECL shares. UBS Group lifted their target price on shares of Ecolab from $165.00 to $180.00 and gave the company a “buy” rating in a report on Tuesday, October 2nd. Nomura lowered their target price on shares of Ecolab from $153.00 to $150.00 and set a “neutral” rating on the stock in a report on Tuesday, October 16th. Bank of America started coverage on shares of Ecolab in a report on Tuesday, October 23rd. They issued a “buy” rating and a $123.00 target price on the stock. Barclays lifted their target price on shares of Ecolab from $150.00 to $165.00 and gave the company an “overweight” rating in a report on Wednesday, October 24th. Finally, ValuEngine raised shares of Ecolab from a “hold” rating to a “buy” rating in a report on Friday, September 7th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and eight have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $154.47.
In related news, Director Leslie S. Biller sold 2,811 shares of the business’s stock in a transaction dated Friday, November 30th. The shares were sold at an average price of $160.40, for a total transaction of $450,884.40. Following the sale, the director now owns 57,842 shares of the company’s stock, valued at $9,277,856.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Chairman Douglas M. Baker, Jr. sold 40,025 shares of the business’s stock in a transaction dated Wednesday, November 7th. The stock was sold at an average price of $160.20, for a total transaction of $6,412,005.00. Following the sale, the chairman now directly owns 558,017 shares in the company, valued at approximately $89,394,323.40. The disclosure for this sale can be found here. In the last three months, insiders have sold 84,621 shares of company stock worth $13,352,961. 1.50% of the stock is owned by insiders.
Ecolab Inc provides water, hygiene, and energy technologies and services for customers worldwide. The company operates through Global Industrial, Global Institutional, and Global Energy segments. The Global Industrial segment provides water treatment and process applications, and cleaning and sanitizing solutions primarily to large industrial customers within the manufacturing, food and beverage processing, chemical, mining and primary metals, power generation, pulp and paper, and commercial laundry industries.
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