Integrated Investment Consultants LLC Trims Stock Position in Ecolab Inc. (NYSE:ECL)

Integrated Investment Consultants LLC lessened its stake in shares of Ecolab Inc. (NYSE:ECLFree Report) by 21.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,014 shares of the basic materials company’s stock after selling 285 shares during the quarter. Integrated Investment Consultants LLC’s holdings in Ecolab were worth $201,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. OFI Invest Asset Management purchased a new stake in Ecolab in the 3rd quarter valued at $25,000. Cornerstone Planning Group LLC purchased a new stake in Ecolab in the 2nd quarter valued at $25,000. Live Oak Investment Partners purchased a new stake in Ecolab in the 4th quarter valued at $26,000. DHJJ Financial Advisors Ltd. purchased a new stake in Ecolab in the 3rd quarter valued at $27,000. Finally, Robbins Farley purchased a new stake in Ecolab in the 3rd quarter valued at $27,000. Hedge funds and other institutional investors own 74.91% of the company’s stock.

Ecolab Trading Up 0.4 %

NYSE:ECL traded up $0.95 on Wednesday, reaching $228.40. The stock had a trading volume of 90,838 shares, compared to its average volume of 1,204,085. The company has a market cap of $65.30 billion, a price-to-earnings ratio of 47.49, a P/E/G ratio of 2.66 and a beta of 1.10. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.30 and a quick ratio of 0.95. The firm’s fifty day moving average is $217.37 and its two-hundred day moving average is $194.85. Ecolab Inc. has a 12-month low of $156.72 and a 12-month high of $231.86.

Ecolab (NYSE:ECLGet Free Report) last announced its quarterly earnings data on Tuesday, February 13th. The basic materials company reported $1.55 earnings per share for the quarter, topping the consensus estimate of $1.54 by $0.01. The business had revenue of $3.94 billion for the quarter, compared to analyst estimates of $3.92 billion. Ecolab had a net margin of 8.96% and a return on equity of 19.36%. The company’s revenue was up 7.3% on a year-over-year basis. During the same period in the prior year, the firm posted $1.27 EPS. Equities analysts expect that Ecolab Inc. will post 6.43 EPS for the current fiscal year.

Ecolab Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 15th. Stockholders of record on Tuesday, March 19th will be issued a dividend of $0.57 per share. The ex-dividend date of this dividend is Monday, March 18th. This represents a $2.28 annualized dividend and a dividend yield of 1.00%. Ecolab’s payout ratio is currently 47.60%.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. Wolfe Research assumed coverage on shares of Ecolab in a research note on Friday, March 1st. They issued a “peer perform” rating on the stock. Bank of America raised shares of Ecolab from an “underperform” rating to a “neutral” rating and boosted their price objective for the company from $185.00 to $216.00 in a research note on Tuesday, January 16th. Morgan Stanley boosted 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. UBS Group boosted their price objective on shares of Ecolab from $211.00 to $227.00 and gave the company a “buy” rating in a research note on Thursday, January 11th. Finally, Piper Sandler started coverage on shares of Ecolab in a research note on Wednesday. They issued an “overweight” rating and a $260.00 price objective on the stock. Twelve equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $224.41.

Get Our Latest Report on Ecolab

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.

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Institutional Ownership by Quarter for Ecolab (NYSE:ECL)

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