Revisor Wealth Management LLC Has $487,000 Stock Position in Ecolab Inc. (NYSE:ECL)

Revisor Wealth Management LLC grew its position in shares of Ecolab Inc. (NYSE:ECL) by 86.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,915 shares of the basic materials company’s stock after buying an additional 886 shares during the period. Revisor Wealth Management LLC’s holdings in Ecolab were worth $487,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Creative Financial Designs Inc. ADV boosted its holdings in Ecolab by 134.8% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 108 shares of the basic materials company’s stock valued at $25,000 after purchasing an additional 62 shares during the period. Graney & King LLC bought a new stake in shares of Ecolab in the fourth quarter valued at approximately $26,000. Dunhill Financial LLC grew its position in Ecolab by 176.7% during the first quarter. Dunhill Financial LLC now owns 119 shares of the basic materials company’s stock worth $30,000 after buying an additional 76 shares in the last quarter. Navigoe LLC bought a new position in Ecolab during the 4th quarter worth $31,000. Finally, Accredited Wealth Management LLC acquired a new position in Ecolab in the 4th quarter valued at $33,000. 74.91% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Ecolab

In other Ecolab news, Director David Maclennan acquired 500 shares of Ecolab stock in a transaction that occurred on Wednesday, May 7th. The shares were bought at an average price of $251.75 per share, with a total value of $125,875.00. Following the completion of the purchase, the director directly owned 19,465 shares in the company, valued at $4,900,313.75. This trade represents a 2.64% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.04% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. Stifel Nicolaus reduced their target price on Ecolab from $307.00 to $303.00 and set a “buy” rating on the stock in a report on Wednesday, April 30th. Wall Street Zen raised shares of Ecolab from a “hold” rating to a “buy” rating in a report on Thursday, March 20th. Citigroup dropped their target price on shares of Ecolab from $305.00 to $275.00 and set a “buy” rating for the company in a research report on Tuesday, April 8th. Redburn Atlantic lowered shares of Ecolab from a “buy” rating to a “neutral” rating and set a $270.00 price target on the stock. in a research report on Monday, March 24th. Finally, Wells Fargo & Company set a $260.00 price objective on shares of Ecolab and gave the company an “equal weight” rating in a research report on Tuesday, May 20th. Five research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $283.13.

Ecolab Trading Down 0.1%

NYSE ECL opened at $272.38 on Thursday. The company has a market cap of $77.26 billion, a price-to-earnings ratio of 37.01, a price-to-earnings-growth ratio of 2.67 and a beta of 1.03. Ecolab Inc. has a twelve month low of $220.96 and a twelve month high of $274.02. The company has a quick ratio of 0.98, a current ratio of 1.32 and a debt-to-equity ratio of 0.79. The business’s fifty day moving average is $260.20 and its 200 day moving average is $251.68.

Ecolab (NYSE:ECL) last announced its quarterly earnings results on Tuesday, April 29th. The basic materials company reported $1.50 EPS for the quarter, meeting analysts’ consensus estimates of $1.50. The firm had revenue of $3.70 billion for the quarter, compared to analyst estimates of $3.71 billion. Ecolab had a return on equity of 22.53% and a net margin of 13.41%. The business’s revenue for the quarter was down 1.5% on a year-over-year basis. During the same period last year, the firm posted $1.34 earnings per share. As a group, sell-side analysts expect that Ecolab Inc. will post 7.54 EPS for the current fiscal year.

Ecolab Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Tuesday, June 17th will be paid a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a dividend yield of 0.95%. The ex-dividend date is Tuesday, June 17th. Ecolab’s payout ratio is currently 35.33%.

About Ecolab

Ecolab Inc provides water, hygiene, and infection prevention solutions and services in the United States and internationally. The company operates through three segments: Global Industrial; Global Institutional & Specialty; and Global Healthcare & Life Sciences. The 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, refining, and petrochemical industries.