Green Square Capital LLC held its position in Ecolab Inc. (NYSE:ECL) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,810 shares of the company’s stock at the end of the second quarter. Green Square Capital LLC’s holdings in Ecolab were worth $334,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Washington Trust Bank raised its position in Ecolab by 29.2% in the second quarter. Washington Trust Bank now owns 1,592 shares of the company’s stock worth $189,000 after buying an additional 360 shares during the last quarter. Eagle Ridge Investment Management acquired a new position in Ecolab during the second quarter worth $226,000. Private Bank & Trust Co. raised its position in Ecolab by 10.6% in the second quarter. Private Bank & Trust Co. now owns 2,094 shares of the company’s stock worth $248,000 after buying an additional 200 shares during the last quarter. Peddock Capital Advisors LLC raised its position in Ecolab by 2.3% in the second quarter. Peddock Capital Advisors LLC now owns 2,149 shares of the company’s stock worth $255,000 after buying an additional 48 shares during the last quarter. Finally, Stratos Wealth Partners LTD. raised its position in Ecolab by 16.9% in the first quarter. Stratos Wealth Partners LTD. now owns 2,153 shares of the company’s stock worth $240,000 after buying an additional 311 shares during the last quarter. 74.79% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Ecolab Inc. (NYSE:ECL) traded up 0.55% during trading on Thursday, reaching $119.14. The company’s stock had a trading volume of 597,111 shares. The stock’s 50-day moving average is $121.48 and its 200-day moving average is $117.19. The stock has a market cap of $34.74 billion, a P/E ratio of 37.36 and a beta of 0.90. Ecolab Inc. has a 12-month low of $98.62 and a 12-month high of $124.60.
Ecolab (NYSE:ECL) last issued its quarterly earnings results on Tuesday, August 2nd. The company reported $1.08 EPS for the quarter, hitting analysts’ consensus estimates of $1.08. Ecolab had a return on equity of 19.24% and a net margin of 7.20%. The firm had revenue of $3.32 billion for the quarter, compared to analysts’ expectations of $3.33 billion. During the same period in the previous year, the firm posted $1.08 EPS. The business’s revenue for the quarter was down 2.1% compared to the same quarter last year. Equities research 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. Stockholders of record on Tuesday, September 20th will be given a $0.35 dividend. The ex-dividend date of this dividend is Friday, September 16th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.18%. Ecolab’s dividend payout ratio is currently 43.89%.
A number of research firms recently weighed in on ECL. Stifel Nicolaus lowered Ecolab from a “buy” rating to a “hold” rating in a report on Tuesday, August 2nd. Nomura decreased their target price on Ecolab from $96.00 to $94.00 and set a “reduce” rating on the stock in a report on Wednesday, June 29th. Credit Suisse Group AG restated a “hold” rating and issued a $120.00 price target on shares of Ecolab in a research note on Wednesday, August 3rd. Zacks Investment Research upgraded Ecolab from a “sell” rating to a “hold” rating in a research note on Thursday, August 4th. Finally, Barclays PLC boosted their price target on Ecolab from $120.00 to $135.00 and gave the company an “overweight” rating in a research note on Wednesday, August 3rd. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $126.74.
In related news, EVP Michael A. Hickey sold 17,761 shares of the company’s stock in a transaction that occurred on Monday, August 29th. The stock was sold at an average price of $123.90, for a total value of $2,200,587.90. Following the transaction, the executive vice president now directly owns 61,342 shares of the company’s stock, valued at approximately $7,600,273.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Christophe Beck sold 5,789 shares of the company’s stock in a transaction that occurred on Wednesday, September 7th. The shares were sold at an average price of $122.70, for a total value of $710,310.30. Following the completion of the transaction, the executive vice president now directly owns 32,475 shares in the company, valued at $3,984,682.50. The disclosure for this sale can be found here. 1.50% of the stock is owned by insiders.
Ecolab Company Profile
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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