Ecolab Inc. (ECL) Stake Maintained by Plancorp LLC
Plancorp LLC maintained its position in Ecolab Inc. (NYSE:ECL) during the second quarter, Holdings Channel reports. The firm owned 1,824 shares of the basic materials company’s stock at the end of the second quarter. Plancorp LLC’s holdings in Ecolab were worth $243,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. FUKOKU MUTUAL LIFE INSURANCE Co increased its position in Ecolab by 60.0% in the first quarter. FUKOKU MUTUAL LIFE INSURANCE Co now owns 800 shares of the basic materials company’s stock worth $100,000 after buying an additional 300 shares during the last quarter. JNBA Financial Advisors increased its position in Ecolab by 2.5% in the first quarter. JNBA Financial Advisors now owns 871 shares of the basic materials company’s stock worth $109,000 after buying an additional 21 shares during the last quarter. Harfst & Associates Inc. purchased a new position in Ecolab during the first quarter worth about $117,000. Guardian Life Insurance Co. of America increased its position in Ecolab by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 1,012 shares of the basic materials company’s stock worth $127,000 after buying an additional 7 shares in the last quarter. Finally, State of Alaska Department of Revenue purchased a new position in Ecolab during the first quarter worth about $134,000. Institutional investors and hedge funds own 75.66% of the company’s stock.
Ecolab Inc. (NYSE:ECL) traded down 0.32% during mid-day trading on Friday, reaching $129.81. The company’s stock had a trading volume of 618,651 shares. The firm has a 50-day moving average of $132.19 and a 200-day moving average of $127.80. 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 $37.56 billion, a price-to-earnings ratio of 29.68 and a beta of 0.98.
Ecolab (NYSE:ECL) last released its earnings results on Tuesday, August 1st. The basic materials company reported $1.13 earnings per share for the quarter, topping analysts’ consensus estimates of $1.12 by $0.01. The firm had revenue of $3.46 billion during the quarter, compared to the consensus estimate of $3.40 billion. Ecolab had a return on equity of 18.93% and a net margin of 9.66%. The firm’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.08 earnings per share. On average, equities research analysts expect that Ecolab Inc. will post $4.80 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Tuesday, September 19th will be given a $0.37 dividend. The ex-dividend date is Monday, September 18th. This represents a $1.48 dividend on an annualized basis and a yield of 1.14%. Ecolab’s dividend payout ratio (DPR) is 33.79%.
A number of research analysts recently issued reports on ECL shares. Canaccord Genuity restated a “buy” rating and set a $135.00 price target on shares of Ecolab in a research note on Monday, May 1st. UBS AG restated a “buy” rating and set a $147.00 price target (up previously from $144.00) on shares of Ecolab in a research note on Wednesday, August 2nd. Credit Suisse Group set a $128.00 price target on Ecolab and gave the stock a “hold” rating in a research note on Thursday, August 3rd. Stifel Nicolaus restated a “hold” rating and set a $130.00 price target on shares of Ecolab in a research note on Thursday, August 3rd. Finally, Deutsche Bank AG raised their price target on Ecolab from $132.00 to $134.00 and gave the stock a “hold” rating in a research note on Wednesday, August 2nd. Eight equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $133.43.
In other news, major shareholder William H. Gates III bought 75,500 shares of the business’s stock in a transaction on Thursday, August 3rd. The stock was purchased at an average cost of $132.57 per share, for a total transaction of $10,009,035.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Bruno Lavandier sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 6th. The stock was sold at an average price of $133.52, for a total value of $133,520.00. Following the completion of the sale, the senior vice president now owns 8,922 shares of the company’s stock, valued at $1,191,265.44. The disclosure for this sale can be found here. Insiders sold 44,810 shares of company stock valued at $5,897,361 over the last 90 days. 1.49% of the stock is currently owned by insiders.
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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