Ecolab Inc. (ECL) is Dudley & Shanley LLC’s 8th Largest Position
Dudley & Shanley LLC maintained its position in Ecolab Inc. (NYSE:ECL) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 193,240 shares of the company’s stock at the end of the second quarter. Ecolab accounts for approximately 5.2% of Dudley & Shanley LLC’s portfolio, making the stock its 8th largest position. Dudley & Shanley LLC’s holdings in Ecolab were worth $22,918,000 at the end of the most recent quarter.
Several other institutional investors have also bought and sold shares of the company. Bartlett & Co. LLC boosted its position in Ecolab by 2.0% in the second quarter. Bartlett & Co. LLC now owns 1,568 shares of the company’s stock worth $186,000 after buying an additional 30 shares during the period. Washington Trust Bank raised its stake in shares of 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 in the last quarter. Agran Libbie purchased a new stake in shares of Ecolab during the second quarter worth $214,000. Savant Capital LLC purchased a new stake in shares of Ecolab during the second quarter worth $215,000. Finally, Concert Wealth Management Inc. purchased a new stake in shares of Ecolab during the second quarter worth $220,000. 74.79% of the stock is owned by institutional investors.
Shares of Ecolab Inc. (NYSE:ECL) traded down 0.45% during mid-day trading on Monday, hitting $116.23. The company had a trading volume of 262,018 shares. Ecolab Inc. has a 52 week low of $98.62 and a 52 week high of $124.60. The firm has a market capitalization of $33.89 billion, a PE ratio of 36.45 and a beta of 0.87. The firm has a 50-day moving average price of $120.04 and a 200-day moving average price of $118.51.
Ecolab (NYSE:ECL) last posted its quarterly earnings data on Tuesday, August 2nd. The company reported $1.08 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.08. The business had revenue of $3.32 billion for 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%. The business’s revenue was down 2.1% on a year-over-year basis. During the same period in the previous year, the firm posted $1.08 EPS. Equities analysts forecast that Ecolab Inc. will post $4.44 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 17th. Shareholders of record on Tuesday, September 20th will be given a dividend of $0.35 per share. The ex-dividend date of this dividend is Friday, September 16th. This represents a $1.40 annualized dividend and a yield of 1.20%. Ecolab’s payout ratio is 43.89%.
A number of equities research analysts recently weighed in on ECL shares. Jefferies Group restated a “hold” rating on shares of Ecolab in a research report on Wednesday, July 6th. Nomura reduced their price objective on Ecolab from $96.00 to $94.00 and set a “reduce” rating on the stock in a research report on Wednesday, June 29th. Barclays PLC restated an “overweight” rating and set a $120.00 price objective on shares of Ecolab in a research report on Friday, July 1st. Macquarie started coverage on Ecolab in a research report on Thursday, August 25th. They set an “outperform” rating and a $143.00 price objective on the stock. Finally, Zacks Investment Research upgraded Ecolab from a “hold” rating to a “buy” rating and set a $136.00 price objective on the stock in a research report on Tuesday, October 4th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and twelve have issued a buy rating to the company’s stock. Ecolab currently has a consensus rating of “Buy” and an average price target of $127.68.
In other 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 value of $710,310.30. Following the sale, the executive vice president now directly owns 32,475 shares of the company’s stock, valued at approximately $3,984,682.50. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 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 completion of the sale, 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. Company insiders own 1.50% of the company’s stock.
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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