Ecolab Inc. (ECL) Position Maintained by First Bank & Trust
First Bank & Trust held its stake in shares of Ecolab Inc. (NYSE:ECL) during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 4,959 shares of the basic materials company’s stock at the end of the second quarter. First Bank & Trust’s holdings in Ecolab were worth $658,000 as of its most recent filing with the SEC.
Several other hedge funds have also made changes to their positions in ECL. State of Alaska Department of Revenue purchased a new position in Ecolab during the first quarter worth approximately $134,000. BNP Paribas Arbitrage SA increased its position in Ecolab by 269.4% in the first quarter. BNP Paribas Arbitrage SA now owns 191,189 shares of the basic materials company’s stock worth $23,964,000 after buying an additional 139,434 shares during the period. YHB Investment Advisors Inc. increased its position in Ecolab by 0.6% in the first quarter. YHB Investment Advisors Inc. now owns 112,954 shares of the basic materials company’s stock worth $14,581,000 after buying an additional 649 shares during the period. State Street Corp increased its position in Ecolab by 0.3% in the first quarter. State Street Corp now owns 11,935,943 shares of the basic materials company’s stock worth $1,496,059,000 after buying an additional 31,277 shares during the period. Finally, Bell Bank increased its position in Ecolab by 6.7% in the first quarter. Bell Bank now owns 4,706 shares of the basic materials company’s stock worth $590,000 after buying an additional 297 shares during the period. Institutional investors own 75.73% of the company’s stock.
Ecolab Inc. (NYSE ECL) opened at 130.11 on Monday. Ecolab Inc. has a one year low of $110.65 and a one year high of $134.89. The company has a market cap of $37.65 billion, a PE ratio of 29.75 and a beta of 0.98. The firm has a 50-day moving average of $132.07 and a 200-day moving average of $128.14.
Ecolab (NYSE:ECL) last released its quarterly earnings results on Tuesday, August 1st. The basic materials company reported $1.13 EPS for the quarter, beating the Zacks’ consensus estimate of $1.12 by $0.01. The firm had revenue of $3.46 billion for the quarter, compared to analyst estimates of $3.40 billion. Ecolab had a net margin of 9.66% and a return on equity of 18.93%. The company’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same period in the previous year, the business earned $1.08 earnings per share. On average, analysts predict that Ecolab Inc. will post $4.80 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Tuesday, September 19th will be given a $0.37 dividend. The ex-dividend date of this dividend is Monday, September 18th. This represents a $1.48 dividend on an annualized basis and a yield of 1.14%. Ecolab’s dividend payout ratio (DPR) is presently 33.79%.
A number of equities analysts recently commented on the company. Oppenheimer Holdings, Inc. reiterated an “outperform” rating and issued a $141.00 price target (up from $133.00) on shares of Ecolab in a research note on Friday, June 2nd. Credit Suisse Group set a $128.00 price target on Ecolab and gave the stock a “hold” rating in a research note on Thursday, August 3rd. Stifel Nicolaus reiterated a “hold” rating and issued a $130.00 price target on shares of Ecolab in a research note on Thursday, August 3rd. Zacks Investment Research downgraded Ecolab from a “buy” rating to a “hold” rating in a research note on Thursday, July 27th. Finally, Canaccord Genuity lifted their price target on Ecolab from $135.00 to $145.00 and gave the stock a “buy” rating in a research note on Friday, July 28th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and eight have assigned a buy rating to the stock. Ecolab presently has a consensus rating of “Hold” and an average price target of $134.20.
In other Ecolab news, SVP Bruno Lavandier sold 1,000 shares of the business’s stock in a transaction dated Tuesday, June 6th. The shares were sold at an average price of $133.52, for a total value of $133,520.00. Following the transaction, the senior vice president now directly owns 8,922 shares in the company, valued at $1,191,265.44. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, major shareholder William H. Gates III purchased 75,500 shares of Ecolab stock in a transaction on Thursday, August 3rd. The stock was purchased at an average price of $132.57 per share, for a total transaction of $10,009,035.00. The disclosure for this purchase can be found here. Over the last 90 days, insiders sold 37,851 shares of company stock worth $5,012,802. Company 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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