Northstar Group Inc. boosted its holdings in shares of Ecolab Inc. (NYSE:ECL) by 14.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 21,578 shares of the basic materials company’s stock after purchasing an additional 2,654 shares during the quarter. Ecolab comprises 1.6% of Northstar Group Inc.’s portfolio, making the stock its 13th biggest holding. Northstar Group Inc.’s holdings in Ecolab were worth $4,165,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also modified their holdings of ECL. Schroder Investment Management Group lifted its holdings in shares of Ecolab by 6.2% in the 2nd quarter. Schroder Investment Management Group now owns 75,040 shares of the basic materials company’s stock worth $14,816,000 after buying an additional 4,364 shares during the period. Marshall Wace LLP acquired a new position in shares of Ecolab during the second quarter valued at approximately $1,913,000. CSat Investment Advisory L.P. increased its stake in shares of Ecolab by 1,117.5% during the second quarter. CSat Investment Advisory L.P. now owns 487 shares of the basic materials company’s stock valued at $97,000 after acquiring an additional 447 shares during the period. Kings Point Capital Management increased its stake in shares of Ecolab by 5.6% during the second quarter. Kings Point Capital Management now owns 1,135 shares of the basic materials company’s stock valued at $224,000 after acquiring an additional 60 shares during the period. Finally, Peapack Gladstone Financial Corp increased its stake in shares of Ecolab by 3.4% during the second quarter. Peapack Gladstone Financial Corp now owns 28,392 shares of the basic materials company’s stock valued at $5,606,000 after acquiring an additional 944 shares during the period. 74.87% of the stock is currently owned by institutional investors.
A number of research firms recently commented on ECL. ValuEngine lowered shares of Ecolab from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Boenning Scattergood reiterated a “neutral” rating on shares of Ecolab in a research note on Monday, January 6th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Ecolab from $186.00 to $192.00 and gave the company a “neutral” rating in a research note on Friday, December 20th. Twelve investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $200.17.
NYSE:ECL traded down $0.04 during trading hours on Tuesday, reaching $195.54. 1,271,729 shares of the company’s stock were exchanged, compared to its average volume of 1,157,905. The company has a market capitalization of $56.37 billion, a P/E ratio of 37.53, a price-to-earnings-growth ratio of 2.43 and a beta of 0.80. Ecolab Inc. has a 12 month low of $151.18 and a 12 month high of $209.87. The company has a quick ratio of 0.84, a current ratio of 1.24 and a debt-to-equity ratio of 0.69. The business’s 50-day simple moving average is $189.51 and its two-hundred day simple moving average is $194.84.
Ecolab (NYSE:ECL) last issued its earnings results on Tuesday, October 29th. The basic materials company reported $1.71 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $1.71. The firm had revenue of $3.82 billion during the quarter, compared to analysts’ expectations of $3.89 billion. Ecolab had a net margin of 10.27% and a return on equity of 20.08%. The firm’s revenue for the quarter was up 1.9% compared to the same quarter last year. During the same period last year, the firm posted $1.53 earnings per share. As a group, sell-side analysts anticipate that Ecolab Inc. will post 5.86 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 17th were issued a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 0.96%. This is a boost from Ecolab’s previous quarterly dividend of $0.46. The ex-dividend date was Monday, December 16th. Ecolab’s dividend payout ratio (DPR) is presently 35.81%.
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.
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