US Bancorp DE lifted its position in shares of Ecolab Inc. (NYSE:ECL) by 0.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,034,127 shares of the basic materials company’s stock after purchasing an additional 987 shares during the period. US Bancorp DE owned 0.36% of Ecolab worth $221,377,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in ECL. Hexavest Inc. bought a new stake in shares of Ecolab during the 4th quarter worth about $25,000. West Financial Advisors LLC bought a new stake in shares of Ecolab during the 4th quarter worth about $25,000. IronBridge Private Wealth LLC bought a new stake in shares of Ecolab during the 4th quarter worth about $25,000. Glassman Wealth Services boosted its holdings in shares of Ecolab by 81.7% during the 4th quarter. Glassman Wealth Services now owns 149 shares of the basic materials company’s stock worth $32,000 after buying an additional 67 shares during the period. Finally, Evolution Wealth Advisors LLC boosted its holdings in shares of Ecolab by 52.7% during the 1st quarter. Evolution Wealth Advisors LLC now owns 168 shares of the basic materials company’s stock worth $36,000 after buying an additional 58 shares during the period. Institutional investors own 73.58% of the company’s stock.
ECL stock traded up $1.31 during trading on Tuesday, reaching $228.26. 4,092 shares of the company were exchanged, compared to its average volume of 959,067. The company has a 50-day moving average of $217.48 and a two-hundred day moving average of $213.38. The company has a market capitalization of $65.30 billion, a price-to-earnings ratio of -61.50, a P/E/G ratio of 3.91 and a beta of 1.01. Ecolab Inc. has a twelve month low of $181.25 and a twelve month high of $231.36. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.61 and a quick ratio of 1.19.
Ecolab (NYSE:ECL) last released its quarterly earnings data on Tuesday, April 27th. The basic materials company reported $0.81 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.82 by ($0.01). The company had revenue of $2.89 billion for the quarter, compared to analyst estimates of $2.90 billion. Ecolab had a positive return on equity of 18.14% and a negative net margin of 8.21%. Ecolab’s revenue for the quarter was down 4.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.13 earnings per share. On average, analysts forecast that Ecolab Inc. will post 4.03 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 15th. Investors of record on Tuesday, March 16th were given a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 0.84%. The ex-dividend date was Monday, March 15th. Ecolab’s dividend payout ratio is 32.99%.
In related news, EVP Jill S. Wyant sold 2,613 shares of the company’s stock in a transaction that occurred on Tuesday, March 9th. The shares were sold at an average price of $214.54, for a total transaction of $560,593.02. Following the completion of the transaction, the executive vice president now directly owns 10,123 shares in the company, valued at approximately $2,171,788.42. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 1.22% of the stock is owned by corporate insiders.
Several analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft raised shares of Ecolab from a “hold” rating to a “buy” rating and lifted their target price for the stock from $225.00 to $250.00 in a report on Monday, March 29th. Morgan Stanley boosted their price objective on shares of Ecolab from $210.00 to $230.00 and gave the company an “equal weight” rating in a report on Tuesday. Gabelli raised shares of Ecolab from a “hold” rating to a “buy” rating in a report on Friday, January 15th. G.Research raised shares of Ecolab from a “hold” rating to a “buy” rating in a report on Friday, January 15th. Finally, Argus boosted their price objective on shares of Ecolab from $215.00 to $250.00 and gave the company a “buy” rating in a report on Thursday, January 7th. Eight investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $228.00.
Ecolab Inc provides water, hygiene, and infection prevention solutions and services worldwide. Its Global Industrial segment offers water treatment and process applications, and cleaning and sanitizing solutions to manufacturing, food and beverage processing, transportation, chemical, metals and mining, power generation, pulp and paper, commercial laundry, petroleum, and petrochemical industries.
Read More: Net Margin
Receive News & Ratings for Ecolab Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ecolab and related companies with MarketBeat.com's FREE daily email newsletter.