Bellecapital International Ltd. bought a new position in Ecolab Inc. (NYSE:ECL) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 1,100 shares of the basic materials company’s stock, valued at approximately $217,000.
Several other large investors have also recently bought and sold shares of ECL. Thoroughbred Financial Services LLC lifted its position in shares of Ecolab by 20,154.4% in the second quarter. Thoroughbred Financial Services LLC now owns 587,581 shares of the basic materials company’s stock worth $58,758,000 after buying an additional 584,680 shares in the last quarter. BlackRock Inc. lifted its position in shares of Ecolab by 2.6% in the first quarter. BlackRock Inc. now owns 17,078,831 shares of the basic materials company’s stock worth $3,015,097,000 after buying an additional 437,110 shares in the last quarter. FMR LLC lifted its position in shares of Ecolab by 186.7% in the first quarter. FMR LLC now owns 620,059 shares of the basic materials company’s stock worth $109,465,000 after buying an additional 403,800 shares in the last quarter. CIBC Private Wealth Group LLC lifted its position in shares of Ecolab by 59.3% in the first quarter. CIBC Private Wealth Group LLC now owns 1,083,150 shares of the basic materials company’s stock worth $191,220,000 after buying an additional 403,326 shares in the last quarter. Finally, California Public Employees Retirement System lifted its position in shares of Ecolab by 22.8% in the first quarter. California Public Employees Retirement System now owns 1,626,210 shares of the basic materials company’s stock worth $287,091,000 after buying an additional 301,789 shares in the last quarter. Institutional investors own 75.32% of the company’s stock.
A number of equities research analysts recently commented on the company. Zacks Investment Research upgraded Ecolab from a “sell” rating to a “hold” rating in a research report on Thursday, May 2nd. Morgan Stanley boosted their target price on Ecolab from $140.00 to $205.00 and gave the stock an “equal weight” rating in a research report on Monday. UBS Group set a $202.00 price objective on Ecolab and gave the stock a “hold” rating in a research note on Wednesday, July 31st. Argus boosted their price objective on Ecolab from $180.00 to $200.00 and gave the stock a “buy” rating in a research note on Wednesday, May 1st. Finally, BMO Capital Markets boosted their price objective on Ecolab from $180.00 to $208.00 and gave the stock a “market perform” rating in a research note on Monday, August 5th. Twelve analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Ecolab has an average rating of “Hold” and a consensus price target of $192.00.
Shares of NYSE ECL opened at $203.67 on Friday. The business’s 50 day moving average is $199.33 and its two-hundred day moving average is $183.80. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.18 and a quick ratio of 0.78. Ecolab Inc. has a 1-year low of $135.77 and a 1-year high of $209.24. The stock has a market capitalization of $59.70 billion, a P/E ratio of 37.58, a PEG ratio of 2.81 and a beta of 0.84.
Ecolab (NYSE:ECL) last released its earnings results on Tuesday, July 30th. The basic materials company reported $1.42 EPS for the quarter, beating analysts’ consensus estimates of $1.41 by $0.01. The firm had revenue of $3.76 billion for the quarter, compared to analysts’ expectations of $3.79 billion. Ecolab had a return on equity of 19.81% and a net margin of 10.12%. The company’s quarterly revenue was up 1.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.27 earnings per share. As a group, equities research analysts anticipate that Ecolab Inc. will post 5.92 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Tuesday, September 17th will be paid a dividend of $0.46 per share. The ex-dividend date of this dividend is Monday, September 16th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 0.90%. Ecolab’s dividend payout ratio is 35.05%.
Ecolab Inc provides water, hygiene, and energy technologies and services worldwide. The company operates through Global Industrial, Global Institutional, Global Energy, and Other segments. The Global Industrial segment offers water treatment and process applications, and cleaning and sanitizing solutions primarily to industrial customers within the manufacturing, food and beverage processing, transportation, chemical, primary metals and mining, power generation, pulp and paper, pharmaceutical, and commercial laundry.
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