Pennsylvania Trust Co lifted its position in shares of Ecolab Inc. (NYSE:ECL) by 0.2% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 32,662 shares of the basic materials company’s stock after buying an additional 60 shares during the quarter. Pennsylvania Trust Co’s holdings in Ecolab were worth $6,304,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Morgan Stanley increased its holdings in shares of Ecolab by 251.6% during the second quarter. Morgan Stanley now owns 7,383,606 shares of the basic materials company’s stock valued at $1,457,819,000 after acquiring an additional 5,283,861 shares in the last quarter. Nuveen Asset Management LLC increased its holdings in shares of Ecolab by 6,924.5% during the second quarter. Nuveen Asset Management LLC now owns 1,475,074 shares of the basic materials company’s stock valued at $291,239,000 after acquiring an additional 1,454,075 shares in the last quarter. BlackRock Inc. increased its holdings in shares of Ecolab by 3.4% during the second quarter. BlackRock Inc. now owns 17,657,493 shares of the basic materials company’s stock valued at $3,486,296,000 after acquiring an additional 578,662 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of Ecolab by 1.9% during the second quarter. Vanguard Group Inc. now owns 22,709,178 shares of the basic materials company’s stock valued at $4,483,701,000 after acquiring an additional 419,611 shares in the last quarter. Finally, California Public Employees Retirement System increased its holdings in shares of Ecolab by 18.3% during the second quarter. California Public Employees Retirement System now owns 1,923,083 shares of the basic materials company’s stock valued at $379,694,000 after acquiring an additional 296,873 shares in the last quarter. Institutional investors own 74.84% of the company’s stock.
Several equities research analysts recently issued reports on ECL shares. ValuEngine downgraded Ecolab from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. JPMorgan Chase & Co. upped their price objective on Ecolab from $186.00 to $192.00 and gave the company a “neutral” rating in a research note on Friday, December 20th. Finally, Boenning Scattergood restated a “neutral” rating on shares of Ecolab in a research note on Monday, January 6th. Twelve analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $200.17.
Shares of Ecolab stock opened at $192.65 on Thursday. The firm has a market capitalization of $54.75 billion, a PE ratio of 36.70, a price-to-earnings-growth ratio of 2.36 and a beta of 0.80. The company has a current ratio of 1.24, a quick ratio of 0.84 and a debt-to-equity ratio of 0.69. The business’s 50-day moving average price is $188.51 and its 200-day moving average price is $194.89. Ecolab Inc. has a 12 month low of $149.63 and a 12 month high of $209.87.
Ecolab (NYSE:ECL) last released its earnings results on Tuesday, October 29th. The basic materials company reported $1.71 EPS for the quarter, meeting the Zacks’ consensus estimate of $1.71. The company had revenue of $3.82 billion during the quarter, compared to analysts’ expectations of $3.89 billion. Ecolab had a return on equity of 20.08% and a net margin of 10.27%. The firm’s revenue for the quarter was up 1.9% compared to the same quarter last year. During the same quarter last year, the business posted $1.53 EPS. As a group, analysts predict that Ecolab Inc. will post 5.86 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 17th were paid a $0.47 dividend. The ex-dividend date of this dividend was Monday, December 16th. This represents a $1.88 annualized dividend and a yield of 0.98%. This is a boost from Ecolab’s previous quarterly dividend of $0.46. Ecolab’s dividend payout ratio is 35.81%.
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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