IFM Investors Pty Ltd Takes Position in Ecolab Inc. (ECL)
IFM Investors Pty Ltd purchased a new stake in shares of Ecolab Inc. (NYSE:ECL) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 7,315 shares of the basic materials company’s stock, valued at approximately $941,000.
Other institutional investors and hedge funds have also modified their holdings of the company. Stonebridge Capital Advisors LLC boosted its holdings in shares of Ecolab by 30.0% in the third quarter. Stonebridge Capital Advisors LLC now owns 4,336 shares of the basic materials company’s stock worth $557,000 after acquiring an additional 1,000 shares during the period. TT International boosted its holdings in shares of Ecolab by 52.2% in the third quarter. TT International now owns 73,369 shares of the basic materials company’s stock worth $9,435,000 after acquiring an additional 25,169 shares during the period. Sterling Capital Management LLC boosted its holdings in shares of Ecolab by 1,397.8% in the third quarter. Sterling Capital Management LLC now owns 570,435 shares of the basic materials company’s stock worth $73,364,000 after acquiring an additional 532,349 shares during the period. DF Dent & Co. Inc. boosted its holdings in shares of Ecolab by 7.0% in the third quarter. DF Dent & Co. Inc. now owns 1,200,905 shares of the basic materials company’s stock worth $154,448,000 after acquiring an additional 78,783 shares during the period. Finally, Piedmont Investment Advisors LLC boosted its holdings in shares of Ecolab by 0.9% in the third quarter. Piedmont Investment Advisors LLC now owns 55,380 shares of the basic materials company’s stock worth $7,122,000 after acquiring an additional 509 shares during the period. 76.98% of the stock is owned by institutional investors.
Ecolab Inc. (NYSE ECL) opened at $135.00 on Thursday. The company has a market capitalization of $38,957.20, a PE ratio of 29.64, a PEG ratio of 2.25 and a beta of 1.05. The company has a quick ratio of 0.83, a current ratio of 1.23 and a debt-to-equity ratio of 0.89. Ecolab Inc. has a twelve month low of $116.92 and a twelve month high of $137.96.
Ecolab (NYSE:ECL) last released its quarterly earnings data on Tuesday, October 31st. The basic materials company reported $1.37 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.36 by $0.01. The firm had revenue of $3.56 billion for the quarter, compared to the consensus estimate of $3.55 billion. Ecolab had a return on equity of 19.05% and a net margin of 9.67%. The company’s quarterly revenue was up 5.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.28 earnings per share. research analysts expect that Ecolab Inc. will post 4.7 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Tuesday, December 19th will be paid a $0.41 dividend. The ex-dividend date of this dividend is Monday, December 18th. This is a boost from Ecolab’s previous quarterly dividend of $0.37. This represents a $1.64 annualized dividend and a dividend yield of 1.21%. Ecolab’s dividend payout ratio (DPR) is presently 33.26%.
A number of brokerages recently issued reports on ECL. Robert W. Baird reiterated a “hold” rating and issued a $140.00 price objective on shares of Ecolab in a research report on Thursday, October 12th. Jefferies Group increased their price objective on Ecolab from $130.00 to $140.00 and gave the stock a “hold” rating in a research report on Wednesday, November 1st. Barclays increased their price objective on Ecolab from $135.00 to $145.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 1st. Canaccord Genuity reiterated a “buy” rating and issued a $145.00 price objective on shares of Ecolab in a research report on Monday, September 11th. Finally, BidaskClub upgraded Ecolab from a “strong sell” rating to a “sell” rating in a research report on Wednesday, August 23rd. One analyst has rated the stock with a sell rating, ten have given a hold rating and seven have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $136.86.
In related news, CFO Daniel J. Schmechel sold 1,708 shares of the firm’s stock in a transaction dated Thursday, December 7th. The stock was sold at an average price of $136.30, for a total value of $232,800.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Bruno Lavandier sold 1,250 shares of Ecolab stock in a transaction that occurred on Friday, December 8th. The shares were sold at an average price of $135.71, for a total value of $169,637.50. Following the sale, the senior vice president now directly owns 7,725 shares in the company, valued at $1,048,359.75. The disclosure for this sale can be found here. Insiders sold 57,446 shares of company stock worth $7,886,307 over the last three months. 1.49% of the stock is owned by insiders.
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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