Creative Planning Increases Stake in Ecolab Inc. (ECL)
Creative Planning increased its position in Ecolab Inc. (NYSE:ECL) by 18.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,942 shares of the basic materials company’s stock after buying an additional 1,094 shares during the period. Creative Planning’s holdings in Ecolab were worth $922,000 as of its most recent SEC filing.
Several other institutional investors also recently bought and sold shares of ECL. Trust Co. of Vermont increased its position in Ecolab by 4.7% in the second quarter. Trust Co. of Vermont now owns 58,027 shares of the basic materials company’s stock worth $7,703,000 after buying an additional 2,609 shares during the period. Northstar Group Inc. increased its position in Ecolab by 126.8% in the second quarter. Northstar Group Inc. now owns 7,540 shares of the basic materials company’s stock worth $1,001,000 after buying an additional 4,215 shares during the period. Swedbank increased its position in Ecolab by 8.5% in the second quarter. Swedbank now owns 1,546,127 shares of the basic materials company’s stock worth $205,249,000 after buying an additional 120,963 shares during the period. Arvest Bank Trust Division increased its position in Ecolab by 1.0% in the second quarter. Arvest Bank Trust Division now owns 64,054 shares of the basic materials company’s stock worth $8,503,000 after buying an additional 615 shares during the period. Finally, Pennsylvania Trust Co increased its position in Ecolab by 10.7% in the second quarter. Pennsylvania Trust Co now owns 39,548 shares of the basic materials company’s stock worth $5,250,000 after buying an additional 3,829 shares during the period. 75.66% of the stock is currently owned by institutional investors and hedge funds.
Ecolab Inc. (NYSE:ECL) traded down 1.15% during trading on Thursday, reaching $130.84. 209,535 shares of the company’s stock traded hands. The firm has a 50 day moving average price of $132.30 and a 200-day moving average price of $127.71. The firm has a market cap of $37.86 billion, a PE ratio of 29.91 and a beta of 0.98. Ecolab Inc. has a 12 month low of $110.65 and a 12 month high of $134.89.
Ecolab (NYSE:ECL) last issued its quarterly earnings results on Tuesday, August 1st. The basic materials company reported $1.13 EPS for the quarter, topping the consensus estimate of $1.12 by $0.01. The firm had revenue of $3.46 billion for the quarter, compared to analysts’ expectations of $3.40 billion. Ecolab had a net margin of 9.66% and a return on equity of 18.93%. The company’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same period in the previous year, the firm posted $1.08 EPS. On average, analysts forecast that Ecolab Inc. will post $4.80 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Tuesday, September 19th will be paid a dividend of $0.37 per share. The ex-dividend date of this dividend is Monday, September 18th. This represents a $1.48 annualized dividend and a dividend yield of 1.12%. Ecolab’s dividend payout ratio is presently 33.79%.
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A number of equities analysts have recently weighed in on the stock. UBS AG reaffirmed a “buy” rating and issued a $147.00 price target (up from $144.00) on shares of Ecolab in a research note on Tuesday. Credit Suisse Group set a $128.00 price target on shares of Ecolab and gave the stock a “hold” rating in a research note on Thursday, August 3rd. Stifel Nicolaus reaffirmed a “hold” rating and issued a $130.00 price target on shares of Ecolab in a research note on Thursday, August 3rd. Deutsche Bank AG upped their price target on shares of Ecolab from $132.00 to $134.00 and gave the stock a “hold” rating in a research note on Wednesday, August 2nd. Finally, Canaccord Genuity upped their price target on shares of Ecolab from $135.00 to $145.00 and gave the stock a “buy” rating in a research note on Friday, July 28th. Eight analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Ecolab currently has an average rating of “Buy” and a consensus price target of $133.43.
In other news, EVP Christophe Beck sold 6,959 shares of the business’s stock in a transaction dated Friday, May 19th. The shares were sold at an average price of $127.11, for a total transaction of $884,558.49. Following the transaction, the executive vice president now directly owns 42,419 shares in the company, valued at approximately $5,391,879.09. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Bruno Lavandier sold 1,000 shares of the business’s stock in a transaction dated Tuesday, June 6th. The stock was sold at an average price of $133.52, for a total transaction of $133,520.00. Following the transaction, the senior vice president now owns 8,922 shares in the company, valued at $1,191,265.44. The disclosure for this sale can be found here. Insiders have sold a total of 44,810 shares of company stock worth $5,897,361 over the last 90 days. 1.49% of the stock is owned by company insiders.
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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