Mizuho Markets Cayman LP acquired a new stake in shares of Ecolab Inc. (NYSE:ECL – Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,998 shares of the basic materials company’s stock, valued at approximately $1,312,000.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Universal Beteiligungs und Servicegesellschaft mbH lifted its position in Ecolab by 25.9% during the fourth quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 330,698 shares of the basic materials company’s stock valued at $86,670,000 after purchasing an additional 68,062 shares during the period. QRG Capital Management Inc. raised its position in Ecolab by 38.7% in the fourth quarter. QRG Capital Management Inc. now owns 22,362 shares of the basic materials company’s stock worth $5,870,000 after acquiring an additional 6,238 shares during the period. ABN Amro Investment Solutions raised its position in Ecolab by 19.9% in the third quarter. ABN Amro Investment Solutions now owns 83,379 shares of the basic materials company’s stock worth $22,834,000 after acquiring an additional 13,840 shares during the period. Cresset Asset Management LLC raised its position in Ecolab by 7.7% in the third quarter. Cresset Asset Management LLC now owns 48,231 shares of the basic materials company’s stock worth $13,240,000 after acquiring an additional 3,464 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. raised its position in Ecolab by 20.5% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 66,656 shares of the basic materials company’s stock worth $18,254,000 after acquiring an additional 11,322 shares during the period. Institutional investors own 74.91% of the company’s stock.
Ecolab Stock Performance
Shares of NYSE ECL opened at $253.33 on Friday. The firm has a fifty day moving average price of $263.35 and a 200-day moving average price of $271.38. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.99 and a quick ratio of 0.73. The stock has a market cap of $71.30 billion, a PE ratio of 34.28, a price-to-earnings-growth ratio of 2.07 and a beta of 0.92. Ecolab Inc. has a 1 year low of $243.15 and a 1 year high of $309.27.
Ecolab Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 16th will be paid a $0.73 dividend. The ex-dividend date of this dividend is Tuesday, June 16th. This represents a $2.92 dividend on an annualized basis and a dividend yield of 1.2%. Ecolab’s dividend payout ratio is 39.51%.
Analyst Upgrades and Downgrades
ECL has been the topic of several recent research reports. Evercore reiterated an “outperform” rating and issued a $312.00 price target on shares of Ecolab in a research report on Wednesday, February 18th. Mizuho set a $335.00 price target on shares of Ecolab in a research report on Wednesday, February 11th. BMO Capital Markets increased their price target on shares of Ecolab from $323.00 to $345.00 and gave the stock an “outperform” rating in a research report on Friday, February 13th. Deutsche Bank Aktiengesellschaft upgraded shares of Ecolab from a “hold” rating to a “buy” rating and set a $325.00 price target on the stock in a research report on Monday, April 20th. Finally, Morgan Stanley reiterated an “overweight” rating and issued a $330.00 price target on shares of Ecolab in a research report on Wednesday, February 11th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, Ecolab presently has a consensus rating of “Moderate Buy” and an average target price of $320.65.
Read Our Latest Research Report on ECL
Insider Transactions at Ecolab
In other news, CEO Christophe Beck sold 20,000 shares of the stock in a transaction on Tuesday, February 24th. The shares were sold at an average price of $307.37, for a total value of $6,147,400.00. Following the completion of the sale, the chief executive officer directly owned 90,794 shares of the company’s stock, valued at $27,907,351.78. This represents a 18.05% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Tracy B. Mckibben sold 1,265 shares of the stock in a transaction on Wednesday, February 25th. The stock was sold at an average price of $308.66, for a total transaction of $390,454.90. Following the completion of the sale, the director directly owned 11,358 shares of the company’s stock, valued at approximately $3,505,760.28. This trade represents a 10.02% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.50% of the company’s stock.
Ecolab Company Profile
Ecolab, Inc is a global provider of water, hygiene and infection prevention solutions and services. The company develops and supplies cleaning and sanitizing chemicals, dispensing equipment, water-treatment systems, pest elimination services and related technologies designed to help businesses maintain clean, safe and efficient operations. Its offerings span both products and onsite services, often paired with technical support and training.
Ecolab serves a broad range of end markets including hospitality and foodservice, food and beverage processing, healthcare, manufacturing and industrial operations, and energy and utilities.
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