Fort L.P. decreased its holdings in Ecolab Inc. (NYSE:ECL) by 2.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 13,264 shares of the basic materials company’s stock after selling 394 shares during the quarter. Fort L.P.’s holdings in Ecolab were worth $2,067,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently modified their holdings of ECL. Sigma Planning Corp lifted its stake in Ecolab by 4.5% in the fourth quarter. Sigma Planning Corp now owns 1,967 shares of the basic materials company’s stock worth $380,000 after acquiring an additional 84 shares during the last quarter. Virtu Financial LLC purchased a new position in Ecolab in the fourth quarter worth approximately $440,000. Ieq Capital LLC purchased a new position in Ecolab in the fourth quarter worth approximately $201,000. Victory Capital Management Inc. lifted its stake in Ecolab by 2.3% in the fourth quarter. Victory Capital Management Inc. now owns 125,168 shares of the basic materials company’s stock worth $24,547,000 after acquiring an additional 2,862 shares during the last quarter. Finally, American International Group Inc. lifted its stake in Ecolab by 3.0% in the fourth quarter. American International Group Inc. now owns 98,456 shares of the basic materials company’s stock worth $19,001,000 after acquiring an additional 2,827 shares during the last quarter. Institutional investors own 74.24% of the company’s stock.
In related news, EVP Timothy P. Mulhere sold 7,388 shares of the business’s stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $196.35, for a total value of $1,450,633.80. Following the sale, the executive vice president now directly owns 24,160 shares in the company, valued at approximately $4,743,816. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Jerome Charton sold 2,966 shares of the business’s stock in a transaction dated Friday, May 1st. The stock was sold at an average price of $189.57, for a total transaction of $562,264.62. Following the completion of the sale, the executive vice president now owns 4,270 shares in the company, valued at $809,463.90. The disclosure for this sale can be found here. Insiders have sold a total of 51,989 shares of company stock worth $10,658,061 over the last 90 days. Insiders own 1.22% of the company’s stock.
Shares of NYSE ECL traded down $17.02 during trading on Thursday, hitting $208.89. 106,955 shares of the company were exchanged, compared to its average volume of 3,092,406. The company has a market cap of $65.33 billion, a price-to-earnings ratio of 39.73, a PEG ratio of 5.12 and a beta of 1.01. Ecolab Inc. has a 1 year low of $124.60 and a 1 year high of $231.36. The firm’s fifty day moving average price is $199.85 and its 200 day moving average price is $189.17. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.51 and a quick ratio of 1.15.
Ecolab (NYSE:ECL) last issued its earnings results on Tuesday, April 28th. The basic materials company reported $1.13 EPS for the quarter, topping the consensus estimate of $1.06 by $0.07. The company had revenue of $3.58 billion for the quarter, compared to analyst estimates of $3.49 billion. Ecolab had a net margin of 10.32% and a return on equity of 20.12%. The business’s revenue was up 2.2% on a year-over-year basis. During the same period in the previous year, the firm earned $1.03 EPS. On average, research analysts forecast that Ecolab Inc. will post 4.82 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 16th will be given a dividend of $0.47 per share. The ex-dividend date of this dividend is Monday, June 15th. This represents a $1.88 annualized dividend and a dividend yield of 0.90%. Ecolab’s payout ratio is currently 32.30%.
A number of research analysts recently issued reports on ECL shares. Morgan Stanley decreased their price target on shares of Ecolab from $205.00 to $170.00 and set an “equal weight” rating for the company in a research note on Monday, March 30th. Stifel Nicolaus raised their price objective on shares of Ecolab from $164.00 to $175.00 and gave the stock a “hold” rating in a report on Thursday, April 30th. Credit Suisse Group reaffirmed a “hold” rating and issued a $175.00 target price on shares of Ecolab in a report on Thursday, April 2nd. Citigroup dropped their price objective on shares of Ecolab from $185.00 to $164.00 and set a “neutral” rating on the stock in a research note on Thursday, April 9th. Finally, Argus dropped their price objective on shares of Ecolab from $250.00 to $230.00 and set a “buy” rating on the stock in a research note on Wednesday, April 29th. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $188.15.
Ecolab Inc provides water, hygiene, and energy technologies and services worldwide. The company operates through Global Industrial, Global Institutional, Global Energy, and Other segments. The Global Industrial segment offers water treatment and process applications, and cleaning and sanitizing solutions primarily to industrial customers within the manufacturing, food and beverage processing, transportation, chemical, primary metals and mining, power generation, pulp and paper, pharmaceutical, and commercial laundry.
Featured Article: What is a good dividend yield?
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.