Janus Henderson Group PLC Has $23.03 Million Stake in Ecolab Inc. (ECL)
Janus Henderson Group PLC grew its position in Ecolab Inc. (NYSE:ECL) by 9.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 146,898 shares of the basic materials company’s stock after acquiring an additional 13,176 shares during the period. Janus Henderson Group PLC owned about 0.05% of Ecolab worth $23,030,000 at the end of the most recent quarter.
Several other large investors have also recently modified their holdings of ECL. Bank of New York Mellon Corp boosted its holdings in shares of Ecolab by 84.9% in the second quarter. Bank of New York Mellon Corp now owns 3,752,688 shares of the basic materials company’s stock valued at $526,615,000 after acquiring an additional 1,723,429 shares in the last quarter. OppenheimerFunds Inc. boosted its holdings in shares of Ecolab by 11,817.2% in the second quarter. OppenheimerFunds Inc. now owns 1,112,230 shares of the basic materials company’s stock valued at $156,080,000 after acquiring an additional 1,102,897 shares in the last quarter. AustralianSuper Pty Ltd purchased a new stake in shares of Ecolab in the second quarter valued at about $147,206,000. Morgan Stanley boosted its holdings in shares of Ecolab by 36.1% in the second quarter. Morgan Stanley now owns 2,797,769 shares of the basic materials company’s stock valued at $392,612,000 after acquiring an additional 742,376 shares in the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec boosted its holdings in shares of Ecolab by 17.3% in the second quarter. Caisse DE Depot ET Placement DU Quebec now owns 3,074,082 shares of the basic materials company’s stock valued at $431,386,000 after acquiring an additional 453,400 shares in the last quarter. 75.91% of the stock is currently owned by institutional investors and hedge funds.
Shares of NYSE ECL opened at $156.74 on Thursday. The company has a quick ratio of 0.90, a current ratio of 1.34 and a debt-to-equity ratio of 0.79. Ecolab Inc. has a 52 week low of $125.74 and a 52 week high of $162.91. The stock has a market capitalization of $45.28 billion, a P/E ratio of 33.42, a P/E/G ratio of 2.33 and a beta of 0.88.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 15th. Investors of record on Tuesday, December 18th will be paid a $0.46 dividend. This is a boost from Ecolab’s previous quarterly dividend of $0.41. This represents a $1.84 annualized dividend and a dividend yield of 1.17%. Ecolab’s dividend payout ratio (DPR) is 34.97%.
Several analysts have recently weighed in on ECL shares. UBS Group lifted their target price on shares of Ecolab from $165.00 to $180.00 and gave the company a “buy” rating in a report on Tuesday, October 2nd. Nomura lowered their target price on shares of Ecolab from $153.00 to $150.00 and set a “neutral” rating on the stock in a report on Tuesday, October 16th. Bank of America started coverage on shares of Ecolab in a report on Tuesday, October 23rd. They issued a “buy” rating and a $123.00 target price on the stock. Barclays lifted their target price on shares of Ecolab from $150.00 to $165.00 and gave the company an “overweight” rating in a report on Wednesday, October 24th. Finally, ValuEngine raised shares of Ecolab from a “hold” rating to a “buy” rating in a report on Friday, September 7th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and eight have issued a buy rating to the company. Ecolab currently has a consensus rating of “Hold” and a consensus price target of $154.47.
In other Ecolab news, EVP Larry L. Berger sold 9,317 shares of Ecolab stock in a transaction dated Monday, September 10th. The shares were sold at an average price of $153.65, for a total transaction of $1,431,557.05. Following the completion of the transaction, the executive vice president now owns 31,093 shares in the company, valued at $4,777,439.45. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Leslie S. Biller sold 2,811 shares of Ecolab stock in a transaction dated Friday, November 30th. The stock was sold at an average price of $160.40, for a total transaction of $450,884.40. Following the transaction, the director now owns 57,842 shares of the company’s stock, valued at approximately $9,277,856.80. The disclosure for this sale can be found here. Insiders sold 84,621 shares of company stock valued at $13,352,961 in the last quarter. Company insiders own 1.50% of the company’s stock.
Ecolab Inc provides water, hygiene, and energy technologies and services for customers worldwide. The company operates through Global Industrial, Global Institutional, and Global Energy segments. The Global Industrial segment provides water treatment and process applications, and cleaning and sanitizing solutions primarily to large industrial customers within the manufacturing, food and beverage processing, chemical, mining and primary metals, power generation, pulp and paper, and commercial laundry industries.
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