1,299 Shares in Ecolab Inc. (ECL) Purchased by Cerebellum GP LLC
Cerebellum GP LLC purchased a new stake in Ecolab Inc. (NYSE:ECL) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 1,299 shares of the basic materials company’s stock, valued at approximately $174,000.
Several other large investors also recently added to or reduced their stakes in ECL. Atlantic Trust LLC acquired a new position in shares of Ecolab in the 2nd quarter valued at $106,000. IHT Wealth Management LLC boosted its position in shares of Ecolab by 4.9% in the 2nd quarter. IHT Wealth Management LLC now owns 811 shares of the basic materials company’s stock valued at $116,000 after purchasing an additional 38 shares during the period. Archford Capital Strategies LLC boosted its position in shares of Ecolab by 169.8% in the 2nd quarter. Archford Capital Strategies LLC now owns 12,925 shares of the basic materials company’s stock valued at $164,000 after purchasing an additional 8,135 shares during the period. Westwood Holdings Group Inc. acquired a new position in shares of Ecolab in the 2nd quarter valued at $184,000. Finally, Perpetual Ltd acquired a new position in shares of Ecolab in the 2nd quarter valued at $200,000. Institutional investors and hedge funds own 76.60% of the company’s stock.
In other news, insider Thomas W. Handley sold 11,644 shares of the firm’s stock in a transaction dated Tuesday, December 5th. The stock was sold at an average price of $137.50, for a total transaction of $1,601,050.00. Following the completion of the sale, the insider now directly owns 109,542 shares of the company’s stock, valued at approximately $15,062,025. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Michael A. Hickey sold 19,300 shares of the firm’s stock in a transaction dated Tuesday, December 5th. The stock was sold at an average price of $137.54, for a total value of $2,654,522.00. Following the sale, the executive vice president now directly owns 43,262 shares of the company’s stock, valued at $5,950,255.48. The disclosure for this sale can be found here. Insiders have sold a total of 57,446 shares of company stock valued at $7,886,307 over the last ninety days. Company insiders own 1.49% of the company’s stock.
Ecolab (NYSE:ECL) last posted its quarterly earnings results on Tuesday, October 31st. The basic materials company reported $1.37 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.36 by $0.01. Ecolab had a return on equity of 19.05% and a net margin of 9.67%. The company had revenue of $3.56 billion during the quarter, compared to the consensus estimate of $3.55 billion. During the same period last year, the business earned $1.28 EPS. The business’s quarterly revenue was up 5.2% on a year-over-year basis. equities analysts predict that Ecolab Inc. will post 4.7 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, January 16th. Stockholders of record on Tuesday, December 19th were paid a dividend of $0.41 per share. The ex-dividend date was Monday, December 18th. This is an increase from Ecolab’s previous quarterly dividend of $0.37. This represents a $1.64 dividend on an annualized basis and a dividend yield of 1.19%. Ecolab’s dividend payout ratio (DPR) is 33.33%.
ECL has been the subject of a number of recent analyst reports. Barclays reiterated a “buy” rating and issued a $150.00 price target on shares of Ecolab in a research report on Wednesday, December 27th. Zacks Investment Research upgraded Ecolab from a “sell” rating to a “hold” rating in a research report on Thursday, November 2nd. Royal Bank of Canada raised their price objective on Ecolab from $137.00 to $143.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 7th. Jefferies Group raised their price objective on Ecolab from $130.00 to $140.00 and gave the stock a “hold” rating in a research report on Wednesday, November 1st. Finally, Robert W. Baird restated a “hold” rating and set a $140.00 price objective on shares of Ecolab in a research report on Thursday, October 12th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and eight have assigned a buy rating to the stock. Ecolab currently has a consensus rating of “Hold” and a consensus target price of $137.43.
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Ecolab Inc provides water, hygiene and energy technologies and services. The Company’s cleaning and sanitizing programs and products, pest elimination services and equipment maintenance and repair services support customers in the foodservice, food and beverage processing, hospitality, healthcare, government and education, retail, textile care and commercial facilities management sectors in over 170 countries.
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