Bailard Inc. trimmed its stake in shares of Ecolab Inc. (NYSE:ECL) by 4.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,104 shares of the basic materials company’s stock after selling 267 shares during the period. Bailard Inc.’s holdings in Ecolab were worth $899,000 as of its most recent SEC filing.
Several other large investors also recently modified their holdings of ECL. Tributary Capital Management LLC bought a new position in Ecolab in the fourth quarter valued at $25,000. Ruggie Capital Group bought a new position in Ecolab in the fourth quarter valued at $30,000. Parkside Financial Bank & Trust grew its position in Ecolab by 50.7% in the fourth quarter. Parkside Financial Bank & Trust now owns 214 shares of the basic materials company’s stock valued at $31,000 after purchasing an additional 72 shares in the last quarter. Financial Gravity Companies Inc. bought a new position in Ecolab in the fourth quarter valued at $37,000. Finally, Contravisory Investment Management Inc. bought a new position in Ecolab in the fourth quarter valued at $42,000. Institutional investors and hedge funds own 77.29% of the company’s stock.
Shares of ECL opened at $160.10 on Tuesday. Ecolab Inc. has a one year low of $127.19 and a one year high of $162.91. The stock has a market capitalization of $46.07 billion, a PE ratio of 34.14, a PEG ratio of 2.10 and a beta of 0.89. The company has a quick ratio of 0.90, a current ratio of 1.34 and a debt-to-equity ratio of 0.79.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 15th. Stockholders of record on Tuesday, December 18th were given a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.15%. The ex-dividend date of this dividend was Monday, December 17th. This is an increase from Ecolab’s previous quarterly dividend of $0.41. Ecolab’s dividend payout ratio (DPR) is 39.23%.
ECL has been the subject of a number of analyst reports. Bank of America initiated coverage on shares of Ecolab in a research report on Tuesday, October 23rd. They issued a “buy” rating and a $123.00 target price for the company. Boenning Scattergood reaffirmed a “buy” rating and issued a $210.00 target price on shares of Ecolab in a research report on Tuesday, February 5th. Deutsche Bank raised their target price on shares of Ecolab from $150.00 to $162.00 and gave the company a “hold” rating in a research report on Monday, November 5th. BMO Capital Markets raised their target price on shares of Ecolab from $151.00 to $159.00 and gave the company a “hold” rating in a research report on Thursday, November 1st. Finally, Zacks Investment Research raised shares of Ecolab from a “sell” rating to a “hold” rating in a research report on Wednesday, November 21st. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $159.36.
In other news, Director Leslie S. Biller sold 2,811 shares of Ecolab stock in a transaction dated Friday, November 30th. The shares were sold at an average price of $160.40, for a total value of $450,884.40. Following the completion of the transaction, the director now owns 57,842 shares of the company’s stock, valued at approximately $9,277,856.80. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 1.50% of the company’s stock.
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Ecolab Company Profile
Ecolab Inc provides water, hygiene, and energy technologies and services for customers worldwide. The company operates through Global Industrial, Global Institutional, and Global Energy segments. The Global Industrial segment provides water treatment and process applications, and cleaning and sanitizing solutions primarily to large industrial customers within the manufacturing, food and beverage processing, chemical, mining and primary metals, power generation, pulp and paper, and commercial laundry industries.
Further Reading: NASDAQ
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