Parametrica Management Ltd Acquires 1,963 Shares of Ecolab Inc. (NYSE:ECL)
Parametrica Management Ltd raised its position in shares of Ecolab Inc. (NYSE:ECL) by 104.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,841 shares of the basic materials company’s stock after buying an additional 1,963 shares during the period. Parametrica Management Ltd’s holdings in Ecolab were worth $510,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Guardian Life Insurance Co. of America raised its position in Ecolab by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 1,012 shares of the basic materials company’s stock worth $127,000 after buying an additional 7 shares during the period. Rench Wealth Management Inc. raised its position in Ecolab by 0.3% in the first quarter. Rench Wealth Management Inc. now owns 2,995 shares of the basic materials company’s stock worth $375,000 after buying an additional 9 shares during the period. JNBA Financial Advisors raised its position in Ecolab by 2.5% in the first quarter. JNBA Financial Advisors now owns 871 shares of the basic materials company’s stock worth $109,000 after buying an additional 21 shares during the period. ZWJ Investment Counsel Inc. raised its position in Ecolab by 1.2% in the first quarter. ZWJ Investment Counsel Inc. now owns 2,530 shares of the basic materials company’s stock worth $317,000 after buying an additional 30 shares during the period. Finally, Ironwood Investment Management LLC raised its position in Ecolab by 1.2% in the first quarter. Ironwood Investment Management LLC now owns 2,689 shares of the basic materials company’s stock worth $337,000 after buying an additional 32 shares during the period. 75.66% of the stock is owned by hedge funds and other institutional investors.
Ecolab Inc. (ECL) traded down 0.15% during mid-day trading on Tuesday, hitting $131.75. The stock had a trading volume of 228,133 shares. The company has a market cap of $38.18 billion, a PE ratio of 30.12 and a beta of 0.98. The firm’s 50-day moving average price is $132.62 and its 200 day moving average price is $127.25. Ecolab Inc. has a one year low of $110.65 and a one year high of $134.89.
Ecolab (NYSE:ECL) last announced its quarterly earnings results on Tuesday, August 1st. The basic materials company reported $1.13 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.12 by $0.01. Ecolab had a return on equity of 18.93% and a net margin of 9.66%. The business had revenue of $3.46 billion for the quarter, compared to analyst estimates of $3.40 billion. During the same quarter in the prior year, the company posted $1.08 EPS. The company’s quarterly revenue was up 4.4% on a year-over-year basis. On average, equities research analysts anticipate that Ecolab Inc. will post $4.80 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Tuesday, September 19th will be paid a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 1.12%. The ex-dividend date of this dividend is Monday, September 18th. Ecolab’s dividend payout ratio (DPR) is presently 33.79%.
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ECL has been the subject of a number of analyst reports. Canaccord Genuity raised their price target on Ecolab from $135.00 to $145.00 and gave the stock a “buy” rating in a research report on Friday, July 28th. Stifel Nicolaus restated a “hold” rating and issued a $130.00 price target on shares of Ecolab in a research report on Thursday, August 3rd. J P Morgan Chase & Co upgraded Ecolab from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $120.00 to $138.00 in a research report on Friday, May 26th. UBS AG restated a “buy” rating and issued a $147.00 price target (up from $144.00) on shares of Ecolab in a research report on Wednesday, August 2nd. Finally, Credit Suisse Group set a $128.00 price target on Ecolab and gave the stock a “hold” rating in a research report on Thursday, August 3rd. Eight investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $133.43.
In other news, EVP Michael A. Hickey sold 13,700 shares of the company’s stock in a transaction on Tuesday, May 30th. The stock was sold at an average price of $131.30, for a total value of $1,798,810.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Christophe Beck sold 6,959 shares of the company’s stock in a transaction on Friday, May 19th. The shares were sold at an average price of $127.11, for a total value of $884,558.49. Following the completion of the transaction, the executive vice president now directly owns 42,419 shares in the company, valued at approximately $5,391,879.09. The disclosure for this sale can be found here. In the last ninety days, insiders sold 44,810 shares of company stock worth $5,897,361. Corporate insiders own 1.49% of the company’s stock.
Ecolab Company Profile
Ecolab Inc provides water, hygiene and energy technologies and services. The Company’s cleaning and sanitizing programs and products, pest elimination services and equipment maintenance and repair services support customers in the foodservice, food and beverage processing, hospitality, healthcare, government and education, retail, textile care and commercial facilities management sectors in over 170 countries.
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