Caledonia Investments PLC lifted its holdings in Ecolab Inc. (NYSE:ECL) by 0.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 109,500 shares of the basic materials company’s stock after acquiring an additional 500 shares during the quarter. Ecolab makes up approximately 4.6% of Caledonia Investments PLC’s holdings, making the stock its 11th largest holding. Caledonia Investments PLC’s holdings in Ecolab were worth $17,062,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also made changes to their positions in the company. Sugarloaf Wealth Management LLC acquired a new position in shares of Ecolab in the 4th quarter worth approximately $31,000. Clean Yield Group acquired a new position in shares of Ecolab in the 1st quarter valued at $26,000. Procyon Private Wealth Partners LLC acquired a new position in shares of Ecolab in the 4th quarter valued at $33,000. Pacitti Group Inc. acquired a new position in shares of Ecolab in the 4th quarter valued at $34,000. Finally, Tobias Financial Advisors Inc. bought a new stake in shares of Ecolab in the 4th quarter valued at $38,000. 74.24% of the stock is currently owned by institutional investors and hedge funds.
A number of equities analysts have issued reports on ECL shares. Morgan Stanley lowered their target price on Ecolab from $205.00 to $170.00 and set an “equal weight” rating for the company in a report on Monday, March 30th. Credit Suisse Group restated a “hold” rating and set a $175.00 price objective on shares of Ecolab in a research report on Thursday, April 2nd. Zacks Investment Research downgraded shares of Ecolab from a “hold” rating to a “sell” rating and set a $204.00 price objective for the company. in a research report on Wednesday, March 4th. Cfra raised their price objective on shares of Ecolab from $170.00 to $197.00 and gave the stock a “hold” rating in a research report on Thursday, April 30th. Finally, Citigroup lowered their target price on shares of Ecolab from $185.00 to $164.00 and set a “neutral” rating on the stock in a report on Thursday, April 9th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and three have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $188.15.
NYSE:ECL traded down $0.86 during mid-day trading on Monday, reaching $211.72. The stock had a trading volume of 79,125 shares, compared to its average volume of 3,928,693. The stock has a 50-day simple moving average of $189.51 and a two-hundred day simple moving average of $187.36. The stock has a market capitalization of $61.48 billion, a PE ratio of 40.11, a P/E/G ratio of 4.05 and a beta of 1.01. 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 Inc. has a 12 month low of $124.60 and a 12 month high of $216.91.
Ecolab (NYSE:ECL) last announced its quarterly earnings data on Tuesday, April 28th. The basic materials company reported $1.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.06 by $0.07. The business had revenue of $3.58 billion for the quarter, compared to analysts’ expectations of $3.49 billion. Ecolab had a net margin of 10.32% and a return on equity of 20.12%. The firm’s quarterly revenue was up 2.2% compared to the same quarter last year. During the same period last year, the firm posted $1.03 earnings per share. Equities analysts expect that Ecolab Inc. will post 5.06 EPS 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 paid a dividend of $0.47 per share. The ex-dividend date is Monday, June 15th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 0.89%. Ecolab’s payout ratio is presently 32.30%.
In other news, EVP Timothy P. Mulhere sold 22,800 shares of Ecolab stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $205.16, for a total transaction of $4,677,648.00. Following the transaction, the executive vice president now owns 39,572 shares in the company, valued at $8,118,591.52. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Victoria Reich sold 1,000 shares of Ecolab stock in a transaction on Friday, May 29th. The stock was sold at an average price of $209.93, for a total transaction of $209,930.00. Following the transaction, the director now owns 21,306 shares in the company, valued at approximately $4,472,768.58. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 35,954 shares of company stock worth $7,255,130. Insiders own 1.22% of the company’s stock.
Ecolab Company Profile
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: Why do commodities matter?
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.