Andra AP fonden grew its holdings in Ecolab Inc. (NYSE:ECL – Free Report) by 18.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 102,000 shares of the basic materials company’s stock after acquiring an additional 15,800 shares during the quarter. Andra AP fonden’s holdings in Ecolab were worth $26,777,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds also recently modified their holdings of the business. Wexford Capital LP bought a new position in Ecolab in the third quarter worth $25,000. JPL Wealth Management LLC bought a new position in Ecolab in the third quarter worth $26,000. Meeder Asset Management Inc. bought a new position in Ecolab in the fourth quarter worth $29,000. Tradewinds Capital Management LLC raised its stake in Ecolab by 1,375.0% during the fourth quarter. Tradewinds Capital Management LLC now owns 118 shares of the basic materials company’s stock worth $31,000 after acquiring an additional 110 shares in the last quarter. Finally, FSA Wealth Management LLC raised its stake in Ecolab by 88.7% during the third quarter. FSA Wealth Management LLC now owns 117 shares of the basic materials company’s stock worth $32,000 after acquiring an additional 55 shares in the last quarter. 74.91% of the stock is owned by institutional investors.
Ecolab Price Performance
Shares of ECL stock opened at $264.30 on Friday. The stock has a 50-day moving average price of $261.05 and a 200 day moving average price of $271.31. The company has a quick ratio of 0.73, a current ratio of 0.99 and a debt-to-equity ratio of 0.69. The firm has a market cap of $74.38 billion, a price-to-earnings ratio of 35.76, a PEG ratio of 2.13 and a beta of 0.90. Ecolab Inc. has a 12 month low of $243.15 and a 12 month high of $309.27.
Ecolab Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 16th will be given a $0.73 dividend. This represents a $2.92 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date is Tuesday, June 16th. Ecolab’s dividend payout ratio (DPR) is presently 39.51%.
Insider Transactions at Ecolab
In related news, COO Darrell R. Brown sold 10,000 shares of Ecolab stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $260.89, for a total value of $2,608,900.00. Following the completion of the sale, the chief operating officer directly owned 32,733 shares in the company, valued at $8,539,712.37. This trade represents a 23.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Suzanne M. Vautrinot sold 1,004 shares of Ecolab stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $264.98, for a total value of $266,039.92. Following the completion of the sale, the director owned 11,651 shares of the company’s stock, valued at approximately $3,087,281.98. The trade was a 7.93% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have bought 9,550 shares of company stock valued at $2,455,678 in the last three months. Company insiders own 0.50% of the company’s stock.
Analyst Ratings Changes
Several research analysts have issued reports on the company. Wells Fargo & Company increased their price objective on Ecolab from $260.00 to $275.00 and gave the stock an “equal weight” rating in a research note on Wednesday. UBS Group upgraded Ecolab from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $293.00 to $325.00 in a research note on Wednesday, May 27th. JPMorgan Chase & Co. upgraded Ecolab from a “neutral” rating to an “overweight” rating and set a $295.00 price objective for the company in a research note on Tuesday, March 24th. Robert W. Baird dropped their price objective on Ecolab from $320.00 to $296.00 and set an “outperform” rating for the company in a research note on Tuesday, March 24th. Finally, BMO Capital Markets increased their price objective on Ecolab from $323.00 to $345.00 and gave the stock an “outperform” rating in a research note on Friday, February 13th. One research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, Ecolab has a consensus rating of “Moderate Buy” and a consensus target price of $323.41.
Read Our Latest Research Report on Ecolab
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.
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