Ecolab Inc. (NYSE:ECL – Get Free Report) Director David Maclennan purchased 1,000 shares of Ecolab stock in a transaction dated Wednesday, May 13th. The stock was acquired at an average cost of $250.65 per share, with a total value of $250,650.00. Following the completion of the acquisition, the director directly owned 25,230 shares in the company, valued at approximately $6,323,899.50. This trade represents a 4.13% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
David Maclennan also recently made the following trade(s):
- On Monday, May 4th, David Maclennan acquired 800 shares of Ecolab stock. The stock was purchased at an average cost of $256.91 per share, with a total value of $205,528.00.
Ecolab Stock Performance
NYSE ECL opened at $247.50 on Friday. Ecolab Inc. has a 1-year low of $245.25 and a 1-year high of $309.27. The company has a market capitalization of $69.66 billion, a P/E ratio of 33.49, a PEG ratio of 2.04 and a beta of 0.92. The business has a 50 day moving average price of $266.61 and a 200 day moving average price of $271.88. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.99 and a quick ratio of 0.73.
Ecolab Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 16th will be paid a $0.73 dividend. This represents a $2.92 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Tuesday, June 16th. Ecolab’s dividend payout ratio (DPR) is presently 39.51%.
Institutional Investors Weigh In On Ecolab
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Turtle Creek Wealth Advisors LLC grew its position in shares of Ecolab by 3.6% in the fourth quarter. Turtle Creek Wealth Advisors LLC now owns 1,028 shares of the basic materials company’s stock valued at $270,000 after purchasing an additional 36 shares during the period. HBK Sorce Advisory LLC grew its position in shares of Ecolab by 2.7% in the fourth quarter. HBK Sorce Advisory LLC now owns 1,362 shares of the basic materials company’s stock valued at $395,000 after purchasing an additional 36 shares during the period. Steigerwald Gordon & Koch Inc. boosted its holdings in Ecolab by 22.0% in the fourth quarter. Steigerwald Gordon & Koch Inc. now owns 211 shares of the basic materials company’s stock valued at $55,000 after acquiring an additional 38 shares during the last quarter. Addison Advisors LLC boosted its holdings in Ecolab by 5.2% in the fourth quarter. Addison Advisors LLC now owns 764 shares of the basic materials company’s stock valued at $201,000 after acquiring an additional 38 shares during the last quarter. Finally, CYBER HORNET ETFs LLC boosted its holdings in Ecolab by 5.5% in the fourth quarter. CYBER HORNET ETFs LLC now owns 730 shares of the basic materials company’s stock valued at $192,000 after acquiring an additional 38 shares during the last quarter. Hedge funds and other institutional investors own 74.91% of the company’s stock.
Wall Street Analysts Forecast Growth
Several equities analysts recently weighed in on ECL shares. Bank of America raised their price objective on Ecolab from $337.00 to $345.00 and gave the company a “buy” rating in a research note on Tuesday, April 21st. Erste Group Bank downgraded Ecolab from a “buy” rating to a “hold” rating in a research report on Friday, January 23rd. Morgan Stanley reissued an “overweight” rating and set a $330.00 price target on shares of Ecolab in a research report on Wednesday, February 11th. Deutsche Bank Aktiengesellschaft raised Ecolab from a “hold” rating to a “buy” rating and set a $325.00 price target for the company in a research report on Monday, April 20th. Finally, Evercore reissued an “outperform” rating and set a $312.00 price target on shares of Ecolab in a research report on Wednesday, February 18th. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $322.53.
View Our Latest Research Report on ECL
About Ecolab
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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