Bp Plc reduced its position in Ecolab Inc. (NYSE:ECL) by 19.6% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 78,000 shares of the basic materials company’s stock after selling 19,000 shares during the period. Bp Plc’s holdings in Ecolab were worth $11,493,000 at the end of the most recent quarter.
Several other institutional investors have also recently bought and sold shares of ECL. Tributary Capital Management LLC purchased a new stake in shares of Ecolab in the 4th quarter valued at about $25,000. Oregon Public Employees Retirement Fund lifted its holdings in shares of Ecolab by 14,455.4% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 4,084,837 shares of the basic materials company’s stock valued at $28,000 after purchasing an additional 4,056,773 shares during the last quarter. Ruggie Capital Group purchased a new stake in shares of Ecolab in the 4th quarter valued at about $30,000. Parkside Financial Bank & Trust lifted its holdings in shares of Ecolab by 50.7% in the 4th 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 during the last quarter. Finally, Financial Gravity Companies Inc. acquired a new position in Ecolab in the 4th quarter valued at about $37,000. 77.29% of the stock is owned by institutional investors and hedge funds.
NYSE ECL opened at $162.65 on Thursday. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.90 and a current ratio of 1.34. Ecolab Inc. has a 12-month low of $127.23 and a 12-month high of $163.78. The company has a market cap of $46.47 billion, a price-to-earnings ratio of 34.68, a price-to-earnings-growth ratio of 2.10 and a beta of 0.89.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 15th. Shareholders of record on Tuesday, December 18th were given a dividend of $0.46 per share. This is a boost from Ecolab’s previous quarterly dividend of $0.41. The ex-dividend date was Monday, December 17th. This represents a $1.84 annualized dividend and a yield of 1.13%. Ecolab’s payout ratio is presently 39.23%.
In other Ecolab news, Director Leslie S. Biller sold 2,811 shares of the business’s stock in a transaction that occurred on Friday, November 30th. The stock was sold at an average price of $160.40, for a total transaction of $450,884.40. Following the transaction, the director now owns 57,842 shares in the company, valued at approximately $9,277,856.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.50% of the company’s stock.
Several equities analysts recently issued reports on the company. Zacks Investment Research cut Ecolab from a “hold” rating to a “sell” rating in a research report on Monday, December 17th. Bank of America assumed coverage on Ecolab in a research report on Tuesday, October 23rd. They issued a “buy” rating and a $123.00 price target on the stock. UBS Group cut Ecolab from an “outperform” rating to a “market perform” rating in a research report on Wednesday, November 21st. Barclays boosted their price target on Ecolab from $150.00 to $165.00 and gave the company an “overweight” rating in a research report on Wednesday, October 24th. Finally, Oppenheimer restated a “market perform” rating on shares of Ecolab in a research report on Wednesday, November 21st. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $159.36.
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.
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