Kanawha Capital Management LLC lowered its position in Ecolab Inc. (NYSE:ECL) by 0.8% during the second quarter, according to its most recent filing with the SEC. The firm owned 55,728 shares of the company’s stock after selling 450 shares during the period. Kanawha Capital Management LLC’s holdings in Ecolab were worth $6,609,000 as of its most recent filing with the SEC.
Several other institutional investors have also bought and sold shares of ECL. Compass Capital Management Inc. boosted its position in Ecolab by 2.3% in the second quarter. Compass Capital Management Inc. now owns 175,873 shares of the company’s stock worth $20,859,000 after buying an additional 3,991 shares during the last quarter. Intermede Investment Partners Ltd boosted its position in Ecolab by 2.1% in the second quarter. Intermede Investment Partners Ltd now owns 159,707 shares of the company’s stock worth $18,941,000 after buying an additional 3,235 shares during the last quarter. Legal & General Group Plc boosted its position in Ecolab by 1.5% in the first quarter. Legal & General Group Plc now owns 1,174,164 shares of the company’s stock worth $130,953,000 after buying an additional 17,795 shares during the last quarter. Trillium Asset Management LLC boosted its position in Ecolab by 3.6% in the second quarter. Trillium Asset Management LLC now owns 89,621 shares of the company’s stock worth $10,629,000 after buying an additional 3,136 shares during the last quarter. Finally, Comgest Global Investors S.A.S. boosted its position in Ecolab by 22.0% in the second quarter. Comgest Global Investors S.A.S. now owns 118,000 shares of the company’s stock worth $13,995,000 after buying an additional 21,300 shares during the last quarter. Hedge funds and other institutional investors own 74.79% of the company’s stock.
Ecolab Inc. (NYSE:ECL) traded up 0.57% on Tuesday, hitting $117.00. The stock had a trading volume of 267,170 shares. The firm has a 50-day moving average of $119.85 and a 200 day moving average of $118.64. Ecolab Inc. has a 52 week low of $98.62 and a 52 week high of $124.60. The company has a market capitalization of $34.12 billion, a price-to-earnings ratio of 36.69 and a beta of 0.87.
Ecolab (NYSE:ECL) last posted its quarterly earnings data on Tuesday, August 2nd. The company reported $1.08 EPS for the quarter, meeting analysts’ consensus estimates of $1.08. The company earned $3.32 billion during the quarter, compared to analysts’ expectations of $3.33 billion. Ecolab had a return on equity of 19.24% and a net margin of 7.20%. Ecolab’s revenue for the quarter was down 2.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.08 earnings per share. On average, analysts predict that Ecolab Inc. will post $4.44 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, October 17th. Investors of record on Tuesday, September 20th were given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 1.20%. The ex-dividend date was Friday, September 16th. Ecolab’s dividend payout ratio (DPR) is presently 43.89%.
A number of equities analysts have issued reports on ECL shares. Nomura increased their price target on Ecolab from $94.00 to $98.00 and gave the stock a “reduce” rating in a report on Monday, August 22nd. Zacks Investment Research raised Ecolab from a “hold” rating to a “buy” rating and set a $136.00 target price on the stock in a research report on Tuesday, October 4th. Jefferies Group reaffirmed a “hold” rating on shares of Ecolab in a research report on Wednesday, July 6th. Canaccord Genuity reaffirmed a “buy” rating on shares of Ecolab in a research report on Wednesday, June 22nd. Finally, Citigroup Inc. upped their target price on Ecolab from $117.00 to $127.00 and gave the stock a “neutral” rating in a research report on Friday, July 15th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and twelve have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $127.68.
In related news, Chairman Douglas M. Baker, Jr. sold 25,800 shares of the company’s stock in a transaction on Friday, August 19th. The stock was sold at an average price of $122.41, for a total transaction of $3,158,178.00. Following the completion of the sale, the chairman now owns 456,349 shares in the company, valued at $55,861,681.09. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Michael A. Hickey sold 17,761 shares of the company’s stock in a transaction on Monday, August 29th. The shares were sold at an average price of $123.90, for a total value of $2,200,587.90. Following the sale, the executive vice president now owns 61,342 shares of the company’s stock, valued at approximately $7,600,273.80. 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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