Ecolab Inc. (ECL) is Dudley & Shanley LLC’s 8th Largest Position
Dudley & Shanley LLC maintained its position in shares of Ecolab Inc. (NYSE:ECL) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 193,240 shares of the company’s stock at the end of the second quarter. Ecolab accounts for 5.2% of Dudley & Shanley LLC’s investment portfolio, making the stock its 8th largest position. Dudley & Shanley LLC owned about 0.07% of Ecolab worth $22,918,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently modified their holdings of ECL. Nordea Investment Management AB raised its position in shares of Ecolab by 1.8% in the second quarter. Nordea Investment Management AB now owns 37,520 shares of the company’s stock worth $4,450,000 after buying an additional 660 shares during the last quarter. CAM Group Holding A S raised its position in shares of Ecolab by 3.2% in the second quarter. CAM Group Holding A S now owns 3,018,465 shares of the company’s stock worth $357,990,000 after buying an additional 94,504 shares during the last quarter. Sumitomo Mitsui Asset Management Company LTD raised its position in shares of Ecolab by 0.3% in the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 113,423 shares of the company’s stock worth $13,451,000 after buying an additional 293 shares during the last quarter. GW Henssler & Associates Ltd. raised its position in shares of Ecolab by 3.7% in the second quarter. GW Henssler & Associates Ltd. now owns 86,578 shares of the company’s stock worth $10,268,000 after buying an additional 3,100 shares during the last quarter. Finally, Hedeker Wealth LLC purchased a new position in shares of Ecolab during the second quarter worth approximately $1,082,000. Institutional investors and hedge funds own 74.79% of the company’s stock.
Ecolab Inc. (NYSE:ECL) traded down 0.45% during trading on Monday, reaching $116.23. The company’s stock had a trading volume of 262,018 shares. Ecolab Inc. has a 52-week low of $98.62 and a 52-week high of $124.60. The firm has a 50 day moving average price of $120.04 and a 200-day moving average price of $118.51. The stock has a market cap of $33.89 billion, a price-to-earnings ratio of 36.45 and a beta of 0.87.
Ecolab (NYSE:ECL) last announced its quarterly earnings data on Tuesday, August 2nd. The company reported $1.08 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.08. The firm earned $3.32 billion during the quarter, compared to analysts’ expectations of $3.33 billion. Ecolab had a return on equity of 19.24% and a net margin of 7.20%. The company’s quarterly revenue was down 2.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.08 EPS. On average, analysts expect that Ecolab Inc. will post $4.44 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 17th. Shareholders of record on Tuesday, September 20th will be issued a $0.35 dividend. The ex-dividend date is Friday, September 16th. This represents a $1.40 annualized dividend and a yield of 1.20%. Ecolab’s dividend payout ratio is presently 43.89%.
A number of research analysts recently commented on the company. Zacks Investment Research upgraded Ecolab from a “hold” rating to a “buy” rating and set a $136.00 target price for the company in a research note on Tuesday, October 4th. Macquarie initiated coverage on Ecolab in a research note on Thursday, August 25th. They set an “outperform” rating and a $143.00 price objective for the company. Nomura increased their price objective on Ecolab from $94.00 to $98.00 and gave the stock a “reduce” rating in a research note on Monday, August 22nd. Credit Suisse Group AG reiterated a “hold” rating and set a $120.00 price objective on shares of Ecolab in a research note on Wednesday, August 3rd. Finally, Oppenheimer Holdings Inc. increased their price objective on Ecolab from $120.00 to $129.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 3rd. Two research analysts have rated the stock with a sell rating, five have given a hold rating and twelve have issued a buy rating to the company. Ecolab presently has a consensus rating of “Buy” and an average target price of $127.68.
In other news, Chairman Douglas M. Baker, Jr. sold 25,800 shares of the business’s stock in a transaction on Friday, August 19th. The stock was sold at an average price of $122.41, for a total transaction of $3,158,178.00. Following the completion of the transaction, the chairman now owns 456,349 shares of the company’s stock, valued at approximately $55,861,681.09. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Christophe Beck sold 5,789 shares of the business’s stock in a transaction on Wednesday, September 7th. The stock was sold at an average price of $122.70, for a total value of $710,310.30. Following the transaction, the executive vice president now directly owns 32,475 shares of the company’s stock, valued at approximately $3,984,682.50. The disclosure for this sale can be found here. 1.50% of the stock is owned by company insiders.
Ecolab Inc provides water, hygiene and energy technologies and services. The Company’s segments include Global Industrial, Global Institutional, Global Energy, Other and Corporate. The Global Industrial segment consists of the Water, Food and Beverage, Paper and Textile Care operating units. The Global Institutional segment consists of the Institutional, Specialty and Healthcare operating units.
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