GYL Financial Synergies LLC purchased a new stake in Ecolab Inc. (NYSE:ECL) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 1,209 shares of the basic materials company’s stock, valued at approximately $213,000.
A number of other hedge funds have also modified their holdings of ECL. Athena Capital Advisors LLC bought a new stake in Ecolab in the 4th quarter valued at about $25,000. Permanens Capital L.P. acquired a new position in Ecolab during the 1st quarter worth approximately $26,000. Liberty Wealth Management LLC acquired a new position in Ecolab during the 4th quarter worth approximately $27,000. Oregon Public Employees Retirement Fund increased its position in Ecolab by 14,455.4% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 4,084,837 shares of the basic materials company’s stock worth $28,000 after purchasing an additional 4,056,773 shares in the last quarter. Finally, Advisory Alpha LLC acquired a new position in Ecolab during the 1st quarter worth approximately $28,000. Hedge funds and other institutional investors own 75.21% of the company’s stock.
Several brokerages have issued reports on ECL. Canaccord Genuity upped their price target on shares of TELUS from C$51.00 to C$52.00 in a research report on Wednesday, May 1st. Nomura set a $42.00 price target on shares of General Motors and gave the company a “hold” rating in a research report on Thursday, May 2nd. UBS Group cut shares of Advanced Disposal Services from a “buy” rating to a “neutral” rating and set a $33.00 price target for the company. in a research report on Wednesday, May 1st. They noted that the move was a valuation call. Zacks Investment Research lowered shares of Hersha Hospitality Trust from a “buy” rating to a “hold” rating in a research note on Thursday, May 2nd. Finally, Bank of America reaffirmed a “buy” rating and issued a $105.00 price objective (up from $100.00) on shares of Zendesk in a research note on Wednesday, May 1st. Eleven research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $180.93.
Shares of Ecolab stock traded up $0.24 during trading hours on Friday, reaching $199.80. The company’s stock had a trading volume of 813,151 shares, compared to its average volume of 1,427,849. The business has a fifty day simple moving average of $192.64. The stock has a market cap of $57.52 billion, a P/E ratio of 38.06, a P/E/G ratio of 2.71 and a beta of 0.84. The company has a quick ratio of 0.75, a current ratio of 1.14 and a debt-to-equity ratio of 0.73. Ecolab Inc. has a one year low of $135.77 and a one year high of $200.93.
Ecolab (NYSE:ECL) last announced its earnings results on Tuesday, April 30th. The basic materials company reported $1.03 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.02 by $0.01. Ecolab had a net margin of 10.06% and a return on equity of 19.50%. The company had revenue of $3.51 billion during the quarter, compared to the consensus estimate of $3.57 billion. During the same quarter in the prior year, the company posted $0.91 earnings per share. The firm’s revenue for the quarter was up 1.0% on a year-over-year basis. As a group, equities analysts forecast that Ecolab Inc. will post 5.9 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Tuesday, June 18th will be issued a dividend of $0.46 per share. The ex-dividend date is Monday, June 17th. This represents a $1.84 dividend on an annualized basis and a yield of 0.92%. Ecolab’s dividend payout ratio (DPR) is presently 35.05%.
Ecolab Inc provides water, hygiene, and energy technologies and services worldwide. The company operates through Global Industrial, Global Institutional, Global Energy, and Other segments. The Global Industrial segment offers water treatment and process applications, and cleaning and sanitizing solutions primarily to industrial customers within the manufacturing, food and beverage processing, transportation, chemical, primary metals and mining, power generation, pulp and paper, pharmaceutical, and commercial laundry.
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