A. D. Beadell Investment Counsel Inc. Has $557,000 Stake in Ecolab Inc. (ECL)
A. D. Beadell Investment Counsel Inc. held its position in shares of Ecolab Inc. (NYSE:ECL) during the second quarter, Holdings Channel reports. The institutional investor owned 4,200 shares of the basic materials company’s stock at the end of the second quarter. A. D. Beadell Investment Counsel Inc.’s holdings in Ecolab were worth $557,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also modified their holdings of ECL. Parametrica Management Ltd raised its position in shares of Ecolab by 104.5% in the second quarter. Parametrica Management Ltd now owns 3,841 shares of the basic materials company’s stock worth $510,000 after buying an additional 1,963 shares in the last quarter. Russell Investments Group Ltd. raised its position in shares of Ecolab by 4.5% in the second quarter. Russell Investments Group Ltd. now owns 826,782 shares of the basic materials company’s stock worth $109,753,000 after buying an additional 35,660 shares in the last quarter. Osborne Partners Capital Management LLC raised its position in shares of Ecolab by 0.7% in the second quarter. Osborne Partners Capital Management LLC now owns 66,826 shares of the basic materials company’s stock worth $8,871,000 after buying an additional 471 shares in the last quarter. Delta Asset Management LLC TN raised its position in shares of Ecolab by 0.5% in the second quarter. Delta Asset Management LLC TN now owns 106,971 shares of the basic materials company’s stock worth $14,200,000 after buying an additional 552 shares in the last quarter. Finally, Barometer Capital Management Inc. raised its position in shares of Ecolab by 4,037.5% in the second quarter. Barometer Capital Management Inc. now owns 66,200 shares of the basic materials company’s stock worth $8,788,000 after buying an additional 64,600 shares in the last quarter. 75.66% of the stock is currently owned by institutional investors.
Shares of Ecolab Inc. (NYSE:ECL) traded down 1.06% during mid-day trading on Thursday, reaching $130.96. The company had a trading volume of 342,896 shares. The company’s 50-day moving average is $132.30 and its 200 day moving average is $127.71. Ecolab Inc. has a 52-week low of $110.65 and a 52-week high of $134.89. The stock has a market capitalization of $37.90 billion, a P/E ratio of 29.94 and a beta of 0.98.
Ecolab (NYSE:ECL) last released its quarterly earnings data on Tuesday, August 1st. The basic materials company reported $1.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.12 by $0.01. The business had revenue of $3.46 billion during the quarter, compared to analyst estimates of $3.40 billion. Ecolab had a net margin of 9.66% and a return on equity of 18.93%. Ecolab’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.08 EPS. Analysts anticipate that Ecolab Inc. will post $4.80 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Tuesday, September 19th will be issued a $0.37 dividend. The ex-dividend date of this dividend is Monday, September 18th. This represents a $1.48 annualized dividend and a yield of 1.12%. Ecolab’s dividend payout ratio (DPR) is presently 33.79%.
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A number of research analysts have weighed in on the company. UBS AG reissued a “buy” rating and set a $147.00 price target (up previously from $144.00) on shares of Ecolab in a research note on Tuesday. Credit Suisse Group set a $128.00 price objective on Ecolab and gave the stock a “hold” rating in a report on Thursday, August 3rd. Stifel Nicolaus restated a “hold” rating and set a $130.00 price objective on shares of Ecolab in a report on Thursday, August 3rd. Deutsche Bank AG upped their price objective on Ecolab from $132.00 to $134.00 and gave the stock a “hold” rating in a report on Wednesday, August 2nd. Finally, Canaccord Genuity upped their price objective on Ecolab from $135.00 to $145.00 and gave the stock a “buy” rating in a report on Friday, July 28th. Eight analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $133.43.
In related news, EVP Michael A. Hickey sold 13,700 shares of Ecolab stock in a transaction on Tuesday, May 30th. The shares were sold at an average price of $131.30, for a total value of $1,798,810.00. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Christophe Beck sold 6,959 shares of Ecolab stock in a transaction on Friday, May 19th. The stock was sold at an average price of $127.11, for a total transaction of $884,558.49. Following the completion of the transaction, the executive vice president now owns 42,419 shares in the company, valued at approximately $5,391,879.09. The disclosure for this sale can be found here. Insiders sold a total of 44,810 shares of company stock worth $5,897,361 in the last quarter. Insiders own 1.49% of the company’s stock.
Ecolab Company Profile
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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