Andra AP fonden lifted its position in Ecolab Inc. (NYSE:ECL – Free Report) by 136.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 86,200 shares of the basic materials company’s stock after acquiring an additional 49,700 shares during the quarter. Andra AP fonden’s holdings in Ecolab were worth $23,607,000 as of its most recent SEC filing.
Other institutional investors have also made changes to their positions in the company. Corundum Trust Company INC bought a new position in Ecolab during the third quarter worth $28,000. SJS Investment Consulting Inc. raised its holdings in shares of Ecolab by 1,177.8% during the third quarter. SJS Investment Consulting Inc. now owns 115 shares of the basic materials company’s stock worth $31,000 after purchasing an additional 106 shares during the period. Vermillion & White Wealth Management Group LLC raised its holdings in shares of Ecolab by 81.5% during the second quarter. Vermillion & White Wealth Management Group LLC now owns 118 shares of the basic materials company’s stock worth $32,000 after purchasing an additional 53 shares during the period. Winnow Wealth LLC bought a new position in shares of Ecolab in the 3rd quarter worth about $33,000. Finally, NewSquare Capital LLC boosted its holdings in shares of Ecolab by 93.6% in the 2nd quarter. NewSquare Capital LLC now owns 151 shares of the basic materials company’s stock valued at $41,000 after buying an additional 73 shares during the period. 74.91% of the stock is currently owned by institutional investors.
Ecolab Stock Performance
Shares of NYSE ECL opened at $308.06 on Friday. Ecolab Inc. has a 1 year low of $221.62 and a 1 year high of $309.27. The firm has a market cap of $86.86 billion, a P/E ratio of 42.32, a PEG ratio of 2.51 and a beta of 0.99. The stock has a fifty day moving average price of $282.85 and a two-hundred day moving average price of $274.21. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.81 and a current ratio of 1.08.
Ecolab Announces Dividend
The firm also recently announced 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. This represents a $2.92 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date is Tuesday, March 17th. Ecolab’s dividend payout ratio (DPR) is presently 40.11%.
Analyst Ratings Changes
Several research firms recently weighed in on ECL. Jefferies Financial Group increased their price objective on shares of Ecolab from $315.00 to $352.00 and gave the stock a “buy” rating in a research note on Wednesday, February 11th. Mizuho set a $335.00 target price on Ecolab in a report on Wednesday, February 11th. JPMorgan Chase & Co. increased their price target on Ecolab from $265.00 to $295.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 11th. Deutsche Bank Aktiengesellschaft set a $325.00 price target on Ecolab and gave the stock a “hold” rating in a report on Friday, February 13th. Finally, Wells Fargo & Company upped their price objective on Ecolab from $275.00 to $310.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 11th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Ecolab presently has a consensus rating of “Moderate Buy” and an average price target of $323.56.
Check Out Our Latest Report on Ecolab
Insiders Place Their Bets
In other Ecolab news, Director Tracy B. Mckibben sold 1,265 shares of the company’s stock in a transaction on 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 of the company’s stock, valued at approximately $3,505,760.28. This represents a 10.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Christophe Beck sold 20,000 shares of the stock in a transaction 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 owned 90,794 shares of the company’s stock, valued at $27,907,351.78. This trade represents a 18.05% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.04% of the stock is currently owned by company insiders.
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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