1,813 Shares in Ecolab Inc. (ECL) Acquired by Savant Capital LLC
Savant Capital LLC purchased a new position in Ecolab Inc. (NYSE:ECL) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,813 shares of the company’s stock, valued at approximately $215,000.
A number of other hedge funds also recently modified their holdings of the company. Compass Capital Management Inc. boosted its stake in shares of 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 raised 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 period. Legal & General Group Plc raised 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 period. Comgest Global Investors S.A.S. raised 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 period. Finally, Nordea Investment Management AB raised its position in Ecolab by 1.8% in the second quarter. Nordea Investment Management AB now owns 37,520 shares of the company’s stock worth $4,450,000 after buying an additional 660 shares during the period. Institutional investors and hedge funds own 74.80% of the company’s stock.
Ecolab Inc. (NYSE:ECL) traded down 1.26% during trading on Friday, hitting $119.02. The company’s stock had a trading volume of 538,342 shares. Ecolab Inc. has a one year low of $98.62 and a one year high of $124.60. The company has a 50-day moving average of $120.75 and a 200 day moving average of $118.32. The firm has a market cap of $34.71 billion, a PE ratio of 37.32 and a beta of 0.87.
Ecolab (NYSE:ECL) last released its 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 net margin of 7.20% and a return on equity of 19.24%. The business had revenue of $3.32 billion for the quarter, compared to the consensus estimate of $3.33 billion. During the same period in the previous year, the firm earned $1.08 EPS. The business’s revenue for the quarter was down 2.1% on a year-over-year basis. On average, equities analysts forecast that Ecolab Inc. will post $4.44 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, October 17th. Investors of record on Tuesday, September 20th will be issued a $0.35 dividend. The ex-dividend date is Friday, September 16th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.18%. Ecolab’s payout ratio is currently 43.89%.
A number of research firms have recently weighed in on ECL. Barclays PLC upped their price objective on Ecolab from $120.00 to $135.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 3rd. Credit Suisse Group AG reissued a “hold” rating and set a $120.00 price target on shares of Ecolab in a research note on Wednesday, August 3rd. Deutsche Bank AG increased their price target on Ecolab from $118.00 to $126.00 and gave the company a “hold” rating in a research note on Wednesday, August 3rd. Jefferies Group increased their price target on Ecolab from $120.00 to $125.00 and gave the company an “in-line” rating in a research note on Wednesday, August 3rd. Finally, Oppenheimer Holdings Inc. increased their price target on Ecolab from $120.00 to $129.00 and gave the company an “outperform” rating in a research note on Wednesday, August 3rd. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and twelve have issued a buy rating to the company’s stock. Ecolab currently has a consensus rating of “Buy” and a consensus price target of $127.25.
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 shares were sold at an average price of $122.70, for a total value of $710,310.30. Following the sale, the executive vice president now directly owns 32,475 shares in the company, valued at approximately $3,984,682.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Michael A. Hickey sold 17,761 shares of the business’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 transaction of $2,200,587.90. Following the completion of the sale, the executive vice president now owns 61,342 shares in the company, valued at $7,600,273.80. The disclosure for this sale can be found here. 1.50% of the stock is currently owned by corporate insiders.
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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