GW Henssler & Associates Ltd. Has $10,268,000 Position in Ecolab Inc. (ECL)
GW Henssler & Associates Ltd. boosted its position in shares of Ecolab Inc. (NYSE:ECL) by 3.7% during the second quarter, Holdings Channel reports. The firm owned 86,578 shares of the company’s stock after buying an additional 3,100 shares during the period. GW Henssler & Associates Ltd.’s holdings in Ecolab were worth $10,268,000 at the end of the most recent reporting period.
Several other institutional investors have also recently added to or reduced their stakes in ECL. Hedeker Wealth LLC purchased a new position in Ecolab during the second quarter worth approximately $1,082,000. Concert Wealth Management Inc. purchased a new position in Ecolab during the second quarter worth approximately $220,000. Gluskin Sheff & Assoc Inc. raised its position in Ecolab by 11.2% in the second quarter. Gluskin Sheff & Assoc Inc. now owns 36,273 shares of the company’s stock worth $4,302,000 after buying an additional 3,640 shares during the period. Trillium Asset Management LLC raised 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 period. Finally, Savant Capital LLC purchased a new position in Ecolab during the second quarter worth approximately $215,000. Institutional investors own 74.79% of the company’s stock.
Shares of Ecolab Inc. (NYSE:ECL) traded down 0.36% during mid-day trading on Monday, hitting $116.34. 656,393 shares of the stock were exchanged. The firm has a market cap of $33.92 billion, a P/E ratio of 36.48 and a beta of 0.87. Ecolab Inc. has a 12 month low of $98.62 and a 12 month high of $124.60. The stock’s 50 day moving average is $120.04 and its 200 day moving average is $118.51.
Ecolab (NYSE:ECL) last issued its quarterly earnings results on Tuesday, August 2nd. The company reported $1.08 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $1.08. The firm 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 business’s revenue was down 2.1% on a year-over-year basis. During the same period in the previous year, the company posted $1.08 earnings per share. Analysts expect that Ecolab Inc. will post $4.44 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, October 17th. Stockholders of record on Tuesday, September 20th will be paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.20%. The ex-dividend date of this dividend is Friday, September 16th. Ecolab’s dividend payout ratio is presently 43.89%.
A number of research firms have recently commented on ECL. Zacks Investment Research upgraded shares of Ecolab from a “hold” rating to a “buy” rating and set a $136.00 price objective for the company in a research report on Tuesday, October 4th. Macquarie assumed coverage on shares of Ecolab in a research note on Thursday, August 25th. They issued an “outperform” rating and a $143.00 target price on the stock. Nomura raised their target price on shares of Ecolab from $94.00 to $98.00 and gave the company a “reduce” rating in a research note on Monday, August 22nd. Credit Suisse Group AG reaffirmed a “hold” rating and issued a $120.00 target price on shares of Ecolab in a research note on Wednesday, August 3rd. Finally, Oppenheimer Holdings Inc. raised their target price on shares of Ecolab from $120.00 to $129.00 and gave the company an “outperform” rating in a research note on Wednesday, August 3rd. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and twelve have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $127.68.
In other news, EVP Michael A. Hickey sold 17,761 shares of Ecolab 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 sale, the executive vice president now directly owns 61,342 shares of the company’s stock, valued at $7,600,273.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Christophe Beck sold 5,789 shares of Ecolab 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 completion of the sale, 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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