Fluent Financial LLC lowered its stake in shares of Ecolab Inc. (NYSE:ECL) by 1.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,590 shares of the basic materials company’s stock after selling 115 shares during the quarter. Fluent Financial LLC’s holdings in Ecolab were worth $1,717,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Public Employees Retirement Association of Colorado boosted its stake in shares of Ecolab by 7.3% in the 1st quarter. Public Employees Retirement Association of Colorado now owns 49,063 shares of the basic materials company’s stock valued at $7,645,000 after buying an additional 3,325 shares during the period. Independent Family Office LLC acquired a new position in Ecolab during the 1st quarter worth approximately $339,000. Balyasny Asset Management LLC purchased a new stake in shares of Ecolab in the 1st quarter valued at approximately $887,000. Two Sigma Advisers LP raised its holdings in shares of Ecolab by 32.1% in the 1st quarter. Two Sigma Advisers LP now owns 233,900 shares of the basic materials company’s stock valued at $36,449,000 after purchasing an additional 56,900 shares in the last quarter. Finally, CIBC World Markets Inc. lifted its position in shares of Ecolab by 17.1% during the 1st quarter. CIBC World Markets Inc. now owns 2,816 shares of the basic materials company’s stock worth $439,000 after purchasing an additional 411 shares during the last quarter. Institutional investors and hedge funds own 74.16% of the company’s stock.
A number of analysts have weighed in on ECL shares. Evercore ISI began coverage on Ecolab in a research note on Monday, September 21st. They issued an “outperform” rating on the stock. TheStreet lowered Ecolab from an “a-” rating to a “c+” rating in a research report on Tuesday, July 28th. Zacks Investment Research raised Ecolab from a “sell” rating to a “hold” rating and set a $207.00 price target for the company in a report on Wednesday, September 30th. Bank of America initiated coverage on shares of Ecolab in a report on Wednesday, July 8th. They set a “neutral” rating and a $212.00 price objective on the stock. Finally, Boenning Scattergood upgraded shares of Ecolab from a “neutral” rating to an “outperform” rating and upped their target price for the company from $197.84 to $230.00 in a report on Tuesday, July 28th. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and three have assigned a buy rating to the company’s stock. Ecolab presently has a consensus rating of “Hold” and a consensus target price of $190.31.
Ecolab stock traded up $3.09 during midday trading on Friday, hitting $204.53. 1,070,550 shares of the company’s stock were exchanged, compared to its average volume of 2,270,343. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.22 and a current ratio of 1.60. The stock has a market cap of $58.37 billion, a price-to-earnings ratio of -69.33, a price-to-earnings-growth ratio of 4.96 and a beta of 0.93. Ecolab Inc. has a 12-month low of $124.60 and a 12-month high of $231.36. The firm’s 50 day simple moving average is $201.21 and its 200 day simple moving average is $196.40.
Ecolab (NYSE:ECL) last released its quarterly earnings results on Tuesday, July 28th. The basic materials company reported $0.65 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.85 by ($0.20). The company had revenue of $2.69 billion for the quarter, compared to analysts’ expectations of $2.58 billion. Ecolab had a positive return on equity of 18.80% and a negative net margin of 6.17%. The business’s quarterly revenue was down 28.6% compared to the same quarter last year. During the same period in the prior year, the business earned $1.42 EPS. On average, equities research analysts forecast that Ecolab Inc. will post 4.08 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Thursday, October 15th. Stockholders of record on Tuesday, September 15th were paid a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a dividend yield of 0.92%. The ex-dividend date of this dividend was Monday, September 14th. Ecolab’s dividend payout ratio (DPR) is presently 32.30%.
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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