Czech National Bank grew its holdings in shares of Ecolab Inc. (NYSE:ECL – Free Report) by 3.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 67,217 shares of the basic materials company’s stock after buying an additional 2,386 shares during the period. Czech National Bank’s holdings in Ecolab were worth $17,646,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds have also made changes to their positions in the business. Robeco Institutional Asset Management B.V. lifted its stake in Ecolab by 64.5% during the third quarter. Robeco Institutional Asset Management B.V. now owns 878,829 shares of the basic materials company’s stock worth $240,676,000 after purchasing an additional 344,541 shares during the last quarter. Adams Diversified Equity Fund Inc. increased its stake in Ecolab by 25.8% in the third quarter. Adams Diversified Equity Fund Inc. now owns 72,200 shares of the basic materials company’s stock valued at $19,773,000 after purchasing an additional 14,800 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its stake in Ecolab by 20.5% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 66,656 shares of the basic materials company’s stock valued at $18,254,000 after purchasing an additional 11,322 shares during the last quarter. ABN Amro Investment Solutions raised its holdings in Ecolab by 19.9% during the third quarter. ABN Amro Investment Solutions now owns 83,379 shares of the basic materials company’s stock worth $22,834,000 after purchasing an additional 13,840 shares in the last quarter. Finally, McKinley Carter Wealth Services Inc. lifted its position in shares of Ecolab by 162.4% during the 3rd quarter. McKinley Carter Wealth Services Inc. now owns 5,364 shares of the basic materials company’s stock worth $1,469,000 after buying an additional 3,320 shares during the last quarter. 74.91% of the stock is owned by institutional investors and hedge funds.
Ecolab Stock Performance
Shares of Ecolab stock opened at $264.14 on Friday. The firm’s fifty day simple moving average is $285.86 and its 200-day simple moving average is $273.78. Ecolab Inc. has a 12 month low of $221.62 and a 12 month high of $309.27. The stock has a market capitalization of $74.60 billion, a price-to-earnings ratio of 36.28, a PEG ratio of 2.22 and a beta of 0.97. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.08 and a quick ratio of 0.81.
Ecolab Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 17th will be issued a dividend of $0.73 per share. The ex-dividend date of this dividend is Tuesday, March 17th. This represents a $2.92 dividend on an annualized basis and a dividend yield of 1.1%. Ecolab’s dividend payout ratio (DPR) is currently 40.11%.
Analyst Ratings Changes
A number of research analysts recently commented on ECL shares. Royal Bank Of Canada increased their target price on shares of Ecolab from $294.00 to $337.00 and gave the company an “outperform” rating in a research report on Wednesday, February 11th. Stifel Nicolaus boosted their price target on shares of Ecolab from $300.00 to $337.00 and gave the company a “buy” rating in a research report on Wednesday, February 11th. Deutsche Bank Aktiengesellschaft set a $325.00 price objective on shares of Ecolab and gave the company a “hold” rating in a research note on Friday, February 13th. Mizuho set a $335.00 price objective on Ecolab in a report on Wednesday, February 11th. Finally, BNP Paribas Exane reissued an “outperform” rating and issued a $345.00 target price (up from $330.00) on shares of Ecolab in a report on Thursday, February 12th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $323.56.
Check Out Our Latest Stock Report on ECL
Insider Transactions at Ecolab
In related news, Director Tracy B. Mckibben sold 1,265 shares of the business’s stock in a transaction dated Wednesday, February 25th. The stock was sold at an average price of $308.66, for a total value of $390,454.90. Following the transaction, the director owned 11,358 shares in the company, valued at $3,505,760.28. The trade was a 10.02% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Christophe Beck sold 20,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 24th. The shares were sold at an average price of $307.37, for a total value of $6,147,400.00. Following the sale, the chief executive officer directly owned 90,794 shares of the company’s stock, valued at approximately $27,907,351.78. This represents a 18.05% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 0.04% of the company’s stock.
Ecolab Company Profile
Ecolab, Inc is a global provider of water, hygiene and infection prevention solutions and services. The company develops and supplies cleaning and sanitizing chemicals, dispensing equipment, water-treatment systems, pest elimination services and related technologies designed to help businesses maintain clean, safe and efficient operations. Its offerings span both products and onsite services, often paired with technical support and training.
Ecolab serves a broad range of end markets including hospitality and foodservice, food and beverage processing, healthcare, manufacturing and industrial operations, and energy and utilities.
Further Reading
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