1,411 Shares in Ecolab Inc. (NYSE:ECL) Bought by Annex Advisory Services LLC

Annex Advisory Services LLC acquired a new position in shares of Ecolab Inc. (NYSE:ECLFree Report) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 1,411 shares of the basic materials company’s stock, valued at approximately $326,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in ECL. Benjamin F. Edwards & Company Inc. lifted its stake in shares of Ecolab by 2,805.1% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 38,492 shares of the basic materials company’s stock worth $7,635,000 after buying an additional 37,167 shares during the last quarter. Carnegie Capital Asset Management LLC raised its position in shares of Ecolab by 1.9% in the 4th quarter. Carnegie Capital Asset Management LLC now owns 111,563 shares of the basic materials company’s stock valued at $22,129,000 after buying an additional 2,051 shares in the last quarter. Campbell & CO Investment Adviser LLC acquired a new position in shares of Ecolab in the 4th quarter valued at approximately $749,000. Prio Wealth Limited Partnership grew its holdings in shares of Ecolab by 526.2% during the 4th quarter. Prio Wealth Limited Partnership now owns 56,959 shares of the basic materials company’s stock valued at $11,298,000 after purchasing an additional 47,863 shares during the last quarter. Finally, Cerity Partners LLC grew its holdings in shares of Ecolab by 12.5% during the 4th quarter. Cerity Partners LLC now owns 87,402 shares of the basic materials company’s stock valued at $17,338,000 after purchasing an additional 9,695 shares during the last quarter. 74.91% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on ECL. Piper Sandler began coverage on shares of Ecolab in a report on Wednesday, April 3rd. They set an “overweight” rating and a $260.00 target price on the stock. Stifel Nicolaus boosted their target price on shares of Ecolab from $225.00 to $233.00 and gave the stock a “hold” rating in a report on Wednesday, May 1st. Barclays raised shares of Ecolab from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $225.00 to $260.00 in a research note on Wednesday, February 28th. Morgan Stanley upped their price objective on shares of Ecolab from $230.00 to $240.00 and gave the company an “equal weight” rating in a research note on Wednesday, March 27th. Finally, Citigroup upped their price objective on shares of Ecolab from $256.00 to $257.00 and gave the company a “neutral” rating in a research note on Wednesday, May 1st. Eleven analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $239.56.

Get Our Latest Stock Report on Ecolab

Insider Activity at Ecolab

In related news, Director Arthur J. Higgins sold 4,500 shares of the stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $227.52, for a total transaction of $1,023,840.00. Following the completion of the transaction, the director now owns 25,548 shares in the company, valued at $5,812,680.96. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other news, Director David Maclennan purchased 650 shares of the stock in a transaction dated Friday, May 3rd. The shares were purchased at an average cost of $227.37 per share, with a total value of $147,790.50. Following the completion of the acquisition, the director now owns 17,111 shares in the company, valued at approximately $3,890,528.07. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Arthur J. Higgins sold 4,500 shares of the stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $227.52, for a total transaction of $1,023,840.00. Following the completion of the sale, the director now directly owns 25,548 shares in the company, valued at $5,812,680.96. The disclosure for this sale can be found here. 0.50% of the stock is owned by company insiders.

Ecolab Stock Down 1.5 %

ECL traded down $3.57 during trading on Tuesday, hitting $241.07. 240,739 shares of the company’s stock were exchanged, compared to its average volume of 1,173,336. The company has a quick ratio of 0.99, a current ratio of 1.41 and a debt-to-equity ratio of 0.92. The business’s 50 day moving average is $232.07 and its two-hundred day moving average is $218.32. Ecolab Inc. has a fifty-two week low of $156.72 and a fifty-two week high of $245.93. The stock has a market cap of $68.84 billion, a P/E ratio of 45.30, a PEG ratio of 2.58 and a beta of 1.12.

Ecolab (NYSE:ECLGet Free Report) last posted its earnings results on Tuesday, April 30th. The basic materials company reported $1.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.33 by $0.01. Ecolab had a net margin of 10.01% and a return on equity of 20.56%. The firm had revenue of $3.75 billion during the quarter, compared to analyst estimates of $3.74 billion. During the same quarter in the prior year, the business posted $0.88 EPS. The business’s revenue was up 5.0% compared to the same quarter last year. As a group, equities analysts expect that Ecolab Inc. will post 6.59 earnings per share for the current fiscal year.

Ecolab Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Tuesday, June 18th will be given a dividend of $0.57 per share. The ex-dividend date of this dividend is Tuesday, June 18th. This represents a $2.28 annualized dividend and a yield of 0.95%. Ecolab’s payout ratio is currently 42.22%.

Ecolab Company Profile

(Free Report)

Ecolab Inc provides water, hygiene, and infection prevention solutions and services in the United States and internationally. The company operates through three segments: Global Industrial; Global Institutional & Specialty; and Global Healthcare & Life Sciences. The Global Industrial segment offers water treatment and process applications, and cleaning and sanitizing solutions to manufacturing, food and beverage processing, transportation, chemical, metals and mining, power generation, pulp and paper, commercial laundry, petroleum, refining, and petrochemical industries.

Further Reading

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Institutional Ownership by Quarter for Ecolab (NYSE:ECL)

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