Ecolab Inc. (ECL) is Impax Asset Management LTD’s 4th Largest Position
Impax Asset Management LTD raised its position in shares of Ecolab Inc. (NYSE:ECL) by 17.4% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 938,476 shares of the basic materials company’s stock after buying an additional 139,118 shares during the period. Ecolab comprises 4.9% of Impax Asset Management LTD’s holdings, making the stock its 4th largest position. Impax Asset Management LTD owned approximately 0.32% of Ecolab worth $117,629,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. FUKOKU MUTUAL LIFE INSURANCE Co raised its stake in Ecolab by 60.0% in the first quarter. FUKOKU MUTUAL LIFE INSURANCE Co now owns 800 shares of the basic materials company’s stock valued at $100,000 after buying an additional 300 shares during the last quarter. JNBA Financial Advisors increased its stake in Ecolab by 2.5% in the first quarter. JNBA Financial Advisors now owns 871 shares of the basic materials company’s stock valued at $109,000 after buying an additional 21 shares during the last quarter. State of Alaska Department of Revenue bought a new stake in Ecolab during the first quarter valued at $134,000. Perigon Wealth Management LLC increased its stake in Ecolab by 26.2% in the fourth quarter. Perigon Wealth Management LLC now owns 1,262 shares of the basic materials company’s stock valued at $158,000 after buying an additional 262 shares during the last quarter. Finally, Advisory Services Network LLC acquired a new stake in shares of Ecolab during the first quarter worth $162,000. 75.66% of the stock is currently owned by institutional investors and hedge funds.
Ecolab Inc. (ECL) traded down 0.54% on Tuesday, reaching $131.24. The company’s stock had a trading volume of 636,825 shares. The company has a market cap of $38.03 billion, a P/E ratio of 30.00 and a beta of 0.98. Ecolab Inc. has a 12 month low of $110.65 and a 12 month high of $134.89. The company has a 50-day moving average price of $132.51 and a 200 day moving average price of $127.37.
Ecolab (NYSE:ECL) last posted its quarterly earnings data on Tuesday, August 1st. The basic materials company reported $1.13 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.12 by $0.01. The company had revenue of $3.46 billion during the quarter, compared to analyst estimates of $3.40 billion. Ecolab had a return on equity of 18.93% and a net margin of 9.66%. The firm’s quarterly revenue was up 4.4% on a year-over-year basis. During the same quarter last year, the company earned $1.08 earnings per share. On average, equities research analysts anticipate that Ecolab Inc. will post $4.80 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Tuesday, September 19th will be paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 1.13%. The ex-dividend date of this dividend is Monday, September 18th. Ecolab’s dividend payout ratio is 33.79%.
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A number of equities research analysts have weighed in on ECL shares. Canaccord Genuity reissued a “buy” rating and issued a $135.00 price target on shares of Ecolab in a report on Monday, May 1st. UBS AG reaffirmed a “buy” rating and set a $147.00 price objective (up from $144.00) on shares of Ecolab in a research note on Wednesday, August 2nd. Credit Suisse Group set a $128.00 price objective on shares of Ecolab and gave the company a “hold” rating in a research note on Thursday, August 3rd. Stifel Nicolaus reaffirmed a “hold” rating and set a $130.00 price objective on shares of Ecolab in a research note on Thursday, August 3rd. Finally, Deutsche Bank AG upped their target price on Ecolab from $132.00 to $134.00 and gave the company a “hold” rating in a report on Wednesday, August 2nd. Eight equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Ecolab currently has a consensus rating of “Buy” and an average target price of $133.43.
In other news, EVP Christophe Beck sold 6,959 shares of Ecolab stock in a transaction dated Friday, May 19th. The stock was sold at an average price of $127.11, for a total value of $884,558.49. Following the transaction, the executive vice president now owns 42,419 shares in the company, valued at $5,391,879.09. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP Bruno Lavandier sold 1,000 shares of Ecolab stock in a transaction dated Tuesday, June 6th. The stock was sold at an average price of $133.52, for a total value of $133,520.00. Following the completion of the transaction, the senior vice president now owns 8,922 shares in the company, valued at approximately $1,191,265.44. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 44,810 shares of company stock valued at $5,897,361. Corporate insiders own 1.49% of the company’s stock.
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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