TRUE Private Wealth Advisors grew its stake in Ecolab Inc. (NYSE:ECL) by 5.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,830 shares of the basic materials company’s stock after purchasing an additional 308 shares during the period. TRUE Private Wealth Advisors’ holdings in Ecolab were worth $861,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of the company. Contravisory Investment Management Inc. bought a new stake in shares of Ecolab during the 4th quarter worth approximately $42,000. Moody National Bank Trust Division bought a new stake in shares of Ecolab during the 4th quarter worth approximately $83,000. Ancora Advisors LLC bought a new stake in shares of Ecolab during the 3rd quarter worth approximately $107,000. Honkamp Krueger Financial Services Inc. bought a new stake in shares of Ecolab during the 3rd quarter worth approximately $110,000. Finally, Mckinley Capital Management LLC Delaware bought a new stake in shares of Ecolab during the 3rd quarter worth approximately $147,000. 75.89% of the stock is owned by institutional investors and hedge funds.
In related news, Chairman Douglas M. Baker, Jr. sold 40,025 shares of the business’s stock in a transaction on Wednesday, November 7th. The stock was sold at an average price of $160.20, for a total transaction of $6,412,005.00. Following the transaction, the chairman now directly owns 558,017 shares in the company, valued at approximately $89,394,323.40. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Leslie S. Biller sold 2,811 shares of the business’s stock in a transaction on Friday, November 30th. The stock was sold at an average price of $160.40, for a total value of $450,884.40. Following the transaction, the director now owns 57,842 shares in the company, valued at $9,277,856.80. The disclosure for this sale can be found here. Company insiders own 1.50% of the company’s stock.
ECL opened at $148.76 on Tuesday. The firm has a market cap of $43.21 billion, a price-to-earnings ratio of 31.72, a PEG ratio of 1.98 and a beta of 0.89. Ecolab Inc. has a 52 week low of $125.74 and a 52 week high of $162.91. The company has a current ratio of 1.34, a quick ratio of 0.90 and a debt-to-equity ratio of 0.79.
Ecolab (NYSE:ECL) last announced its quarterly earnings results on Tuesday, October 30th. The basic materials company reported $1.53 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $1.53. Ecolab had a return on equity of 19.13% and a net margin of 10.99%. The business had revenue of $3.75 billion for the quarter, compared to the consensus estimate of $3.74 billion. During the same period last year, the business posted $1.37 EPS. The business’s revenue was up 5.1% compared to the same quarter last year. On average, equities research analysts forecast that Ecolab Inc. will post 5.25 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 15th. Stockholders of record on Tuesday, December 18th will be issued a $0.46 dividend. The ex-dividend date is Monday, December 17th. This is an increase from Ecolab’s previous quarterly dividend of $0.41. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.24%. Ecolab’s dividend payout ratio (DPR) is currently 39.23%.
A number of brokerages recently issued reports on ECL. Zacks Investment Research lowered Ecolab from a “hold” rating to a “sell” rating in a research note on Monday, December 17th. Bank of America started coverage on Ecolab in a report on Tuesday, October 23rd. They set a “buy” rating and a $123.00 price objective on the stock. UBS Group downgraded Ecolab from an “outperform” rating to a “market perform” rating in a report on Wednesday, November 21st. Barclays raised their price objective on Ecolab from $150.00 to $165.00 and gave the stock an “overweight” rating in a report on Wednesday, October 24th. Finally, Nomura reduced their price objective on Ecolab from $153.00 to $150.00 and set a “neutral” rating on the stock in a report on Tuesday, October 16th. Ten research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Ecolab presently has a consensus rating of “Hold” and a consensus price target of $154.47.
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Ecolab, Inc engages in the provision of products and services in the field of water, hygiene, and energy. It operates through the following segments: Global Industrial, Global Institutional, Global Energy, and Other. The Global Industrial segment provides water treatment and process applications for industrial customers; and cleaning and sanitizing solutions for the food and beverage, and textile care industries.
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