Nomura Holdings Inc. increased its position in shares of Ecolab Inc. (NYSE:ECL) by 0.1% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 26,911 shares of the company’s stock after buying an additional 39 shares during the period. Nomura Holdings Inc.’s holdings in Ecolab were worth $3,186,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Emerald Acquisition Ltd. bought a new position in Ecolab during the second quarter worth approximately $93,773,000. TIAA CREF Investment Management LLC boosted its position in Ecolab by 70.6% in the second quarter. TIAA CREF Investment Management LLC now owns 1,440,869 shares of the company’s stock worth $170,887,000 after buying an additional 596,322 shares during the last quarter. Artisan Partners Limited Partnership boosted its position in Ecolab by 126.1% in the second quarter. Artisan Partners Limited Partnership now owns 778,545 shares of the company’s stock worth $92,335,000 after buying an additional 434,280 shares during the last quarter. UBS Asset Management Americas Inc. boosted its position in Ecolab by 14.8% in the first quarter. UBS Asset Management Americas Inc. now owns 3,099,051 shares of the company’s stock worth $345,606,000 after buying an additional 399,797 shares during the last quarter. Finally, Teachers Advisors Inc. boosted its position in Ecolab by 87.5% in the second quarter. Teachers Advisors Inc. now owns 735,770 shares of the company’s stock worth $87,262,000 after buying an additional 343,354 shares during the last quarter. 74.79% of the stock is currently owned by institutional investors.
Shares of Ecolab Inc. (NYSE:ECL) opened at 117.31 on Wednesday. The firm has a market capitalization of $34.21 billion, a P/E ratio of 36.79 and a beta of 0.90. Ecolab Inc. has a 12-month low of $98.62 and a 12-month high of $124.60. The stock has a 50 day moving average price of $121.67 and a 200 day moving average price of $117.16.
Ecolab (NYSE:ECL) last released its quarterly earnings data on Tuesday, August 2nd. The company reported $1.08 earnings per share for the quarter, meeting the consensus estimate of $1.08. The business had revenue of $3.32 billion for the quarter, compared to analyst estimates of $3.33 billion. Ecolab had a return on equity of 19.24% and a net margin of 7.20%. The company’s revenue was down 2.1% compared to the same quarter last year. During the same period in the previous year, the company posted $1.08 EPS. Equities analysts anticipate that Ecolab Inc. will post $4.44 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, October 17th. Investors of record on Tuesday, September 20th will be given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 1.19%. The ex-dividend date is Friday, September 16th. Ecolab’s dividend payout ratio (DPR) is presently 43.89%.
A number of research analysts have commented on ECL shares. Jefferies Group reaffirmed a “hold” rating on shares of Ecolab in a research report on Wednesday, July 6th. Nomura cut their price target on shares of Ecolab from $96.00 to $94.00 and set a “reduce” rating on the stock in a research note on Wednesday, June 29th. Barclays PLC reiterated an “overweight” rating and set a $120.00 price target on shares of Ecolab in a research note on Friday, July 1st. Macquarie assumed coverage on shares of Ecolab in a research note on Thursday, August 25th. They set an “outperform” rating and a $143.00 price target on the stock. Finally, Zacks Investment Research upgraded shares of Ecolab from a “sell” rating to a “hold” rating in a research note on Thursday, August 4th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and eleven have issued a buy rating to the company’s stock. Ecolab currently has an average rating of “Hold” and an average target price of $126.74.
In related news, EVP Christophe Beck sold 5,789 shares of the business’s stock in a transaction that occurred on Wednesday, September 7th. The stock was sold at an average price of $122.70, for a total transaction of $710,310.30. Following the transaction, the executive vice president now directly owns 32,475 shares of the company’s stock, valued at approximately $3,984,682.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Douglas M. Baker, Jr. sold 25,800 shares of the business’s stock in a transaction that occurred on Friday, August 19th. The stock was sold at an average price of $122.41, for a total value of $3,158,178.00. Following the transaction, the chairman now directly owns 456,349 shares in the company, valued at $55,861,681.09. The disclosure for this sale can be found here. Corporate insiders own 1.50% of the company’s stock.
Ecolab Inc provides water, hygiene and energy technologies and services. The Company’s segments include Global Industrial, Global Institutional, Global Energy, Other and Corporate. The Global Industrial segment consists of the Water, Food and Beverage, Paper and Textile Care operating units. The Global Institutional segment consists of the Institutional, Specialty and Healthcare operating units.
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