Citizens Financial Group Inc RI decreased its stake in shares of Ecolab Inc. (NYSE:ECL) by 3.4% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 8,692 shares of the basic materials company’s stock after selling 305 shares during the period. Citizens Financial Group Inc RI’s holdings in Ecolab were worth $1,729,000 at the end of the most recent reporting period.
A number of other hedge funds also recently modified their holdings of ECL. Dupont Capital Management Corp increased its position in shares of Ecolab by 43.0% in the first quarter. Dupont Capital Management Corp now owns 7,720 shares of the basic materials company’s stock worth $1,203,000 after acquiring an additional 2,320 shares in the last quarter. First National Trust Co boosted its holdings in shares of Ecolab by 10.8% in the 1st quarter. First National Trust Co now owns 2,674 shares of the basic materials company’s stock valued at $417,000 after buying an additional 261 shares during the last quarter. Steward Partners Investment Advisory LLC boosted its holdings in shares of Ecolab by 5.8% in the 1st quarter. Steward Partners Investment Advisory LLC now owns 6,490 shares of the basic materials company’s stock valued at $1,011,000 after buying an additional 354 shares during the last quarter. Banque Pictet & Cie SA bought a new stake in Ecolab in the 1st quarter valued at $4,377,000. Finally, Laurel Wealth Advisors LLC raised its stake in Ecolab by 15.9% in the 1st quarter. Laurel Wealth Advisors LLC now owns 649 shares of the basic materials company’s stock valued at $101,000 after acquiring an additional 89 shares during the period. 74.16% of the stock is owned by hedge funds and other institutional investors.
A number of equities research analysts recently weighed in on the company. Bank of America assumed coverage on Ecolab in a research note on Wednesday, July 8th. They issued a “neutral” rating and a $212.00 price target on the stock. TheStreet cut Ecolab from an “a-” rating to a “c+” rating in a research note on Tuesday, July 28th. Boenning Scattergood upgraded Ecolab from a “neutral” rating to an “outperform” rating and increased their price target for the company from $197.84 to $230.00 in a research note on Tuesday, July 28th. Gabelli cut Ecolab from a “buy” rating to a “hold” rating in a research report on Wednesday, June 3rd. Finally, Oppenheimer reiterated a “hold” rating on shares of Ecolab in a research report on Monday, August 3rd. Two analysts have rated the stock with a sell rating, fourteen have issued a hold rating and two have issued a buy rating to the company. Ecolab presently has a consensus rating of “Hold” and a consensus price target of $188.92.
Shares of NYSE ECL traded down $2.62 during mid-day trading on Monday, reaching $197.88. The company had a trading volume of 8,931 shares, compared to its average volume of 2,493,722. The business’s 50-day simple moving average is $198.67 and its 200 day simple moving average is $192.55. The firm has a market cap of $57.22 billion, a price-to-earnings ratio of -67.97, a PEG ratio of 4.87 and a beta of 0.95. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.22 and a current ratio of 1.60. Ecolab Inc. has a one year low of $124.60 and a one year high of $231.36.
Ecolab (NYSE:ECL) last released its quarterly earnings data on Tuesday, July 28th. The basic materials company reported $0.65 earnings per share for the quarter, missing the consensus estimate of $0.85 by ($0.20). The business had revenue of $2.69 billion during the quarter, compared to analyst estimates of $2.58 billion. Ecolab had a negative net margin of 6.17% and a positive return on equity of 18.80%. The business’s quarterly revenue was down 28.6% compared to the same quarter last year. During the same period last year, the business earned $1.42 earnings per share. On average, sell-side analysts anticipate that Ecolab Inc. will post 4.11 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Tuesday, September 15th will be paid a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 0.95%. The ex-dividend date of this dividend is Monday, September 14th. Ecolab’s dividend payout ratio (DPR) is presently 32.30%.
Ecolab Company Profile
Ecolab Inc provides water, hygiene, and energy technologies and services worldwide. The company operates through Global Industrial, Global Institutional, Global Energy, and Other segments. The Global Industrial segment offers water treatment and process applications, and cleaning and sanitizing solutions primarily to industrial customers within the manufacturing, food and beverage processing, transportation, chemical, primary metals and mining, power generation, pulp and paper, pharmaceutical, and commercial laundry.
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