Fjarde AP Fonden Fourth Swedish National Pension Fund raised its position in Ecolab Inc. (NYSE:ECL – Free Report) by 4.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 79,245 shares of the basic materials company’s stock after acquiring an additional 3,560 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Ecolab were worth $20,803,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors also recently bought and sold shares of the company. Wexford Capital LP acquired a new stake in Ecolab in the third quarter valued at approximately $25,000. JPL Wealth Management LLC acquired a new stake in Ecolab in the third quarter valued at approximately $26,000. FSA Wealth Management LLC boosted its stake in Ecolab by 88.7% in the third quarter. FSA Wealth Management LLC now owns 117 shares of the basic materials company’s stock valued at $32,000 after acquiring an additional 55 shares in the last quarter. Tradewinds Capital Management LLC boosted its stake in Ecolab by 1,375.0% in the fourth quarter. Tradewinds Capital Management LLC now owns 118 shares of the basic materials company’s stock valued at $31,000 after acquiring an additional 110 shares in the last quarter. Finally, Pekao Towarzystwo Funduszy Inwestycyjnych S.A. acquired a new stake in Ecolab in the fourth quarter valued at approximately $49,000. 74.91% of the stock is currently owned by institutional investors and hedge funds.
Ecolab Trading Up 1.7%
NYSE ECL opened at $258.60 on Friday. The company has a fifty day simple moving average of $261.26 and a two-hundred day simple moving average of $271.23. The stock has a market cap of $72.78 billion, a P/E ratio of 34.99, a P/E/G ratio of 2.14 and a beta of 0.90. Ecolab Inc. has a 12-month low of $243.15 and a 12-month high of $309.27. The company has a current ratio of 0.99, a quick ratio of 0.73 and a debt-to-equity ratio of 0.69.
Ecolab Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 16th will be issued a dividend of $0.73 per share. This represents a $2.92 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Tuesday, June 16th. Ecolab’s dividend payout ratio (DPR) is 39.51%.
Insider Buying and Selling at Ecolab
In related news, Director Suzanne M. Vautrinot sold 1,004 shares of the firm’s stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $264.98, for a total transaction of $266,039.92. Following the completion of the transaction, the director owned 11,651 shares of the company’s stock, valued at $3,087,281.98. This trade represents a 7.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director David Maclennan bought 1,000 shares of Ecolab stock in a transaction that occurred on Wednesday, May 13th. The shares were acquired at an average cost of $250.65 per share, with a total value of $250,650.00. Following the acquisition, the director owned 25,230 shares of the company’s stock, valued at $6,323,899.50. The trade was a 4.13% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Company insiders own 0.50% of the company’s stock.
Analyst Ratings Changes
A number of research analysts have issued reports on the stock. JPMorgan Chase & Co. raised shares of Ecolab from a “neutral” rating to an “overweight” rating and set a $295.00 price target for the company in a report on Tuesday, March 24th. Bank of America raised their price target on shares of Ecolab from $337.00 to $345.00 and gave the stock a “buy” rating in a report on Tuesday, April 21st. Weiss Ratings cut shares of Ecolab from a “buy (b)” rating to a “buy (b-)” rating in a report on Wednesday, May 20th. Jefferies Financial Group decreased their price target on shares of Ecolab from $352.00 to $345.00 and set a “buy” rating for the company in a report on Wednesday, May 20th. Finally, Evercore reaffirmed an “outperform” rating and issued a $312.00 price target on shares of Ecolab in a report on Wednesday, February 18th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $322.53.
Get Our Latest Research Report on ECL
Ecolab Company Profile
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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