Rothschild Investment Corp IL bought a new stake in Ecolab Inc. (NYSE:ECL) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 1,380 shares of the basic materials company’s stock, valued at approximately $216,000.
Other large investors have also bought and sold shares of the company. Ladenburg Thalmann Financial Services Inc. grew its stake in shares of Ecolab by 9.0% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 9,745 shares of the basic materials company’s stock valued at $1,329,000 after buying an additional 805 shares in the last quarter. LPL Financial LLC grew its stake in shares of Ecolab by 7.0% in the first quarter. LPL Financial LLC now owns 60,139 shares of the basic materials company’s stock valued at $8,243,000 after buying an additional 3,924 shares in the last quarter. Cubist Systematic Strategies LLC grew its stake in shares of Ecolab by 107.5% in the first quarter. Cubist Systematic Strategies LLC now owns 2,687 shares of the basic materials company’s stock valued at $368,000 after buying an additional 1,392 shares in the last quarter. Millennium Management LLC grew its stake in shares of Ecolab by 379.9% in the first quarter. Millennium Management LLC now owns 96,492 shares of the basic materials company’s stock valued at $13,226,000 after buying an additional 76,387 shares in the last quarter. Finally, Xact Kapitalforvaltning AB grew its stake in shares of Ecolab by 5.9% in the first quarter. Xact Kapitalforvaltning AB now owns 45,827 shares of the basic materials company’s stock valued at $6,282,000 after buying an additional 2,569 shares in the last quarter. Institutional investors own 76.00% of the company’s stock.
A number of equities research analysts have recently weighed in on ECL shares. Zacks Investment Research raised Ecolab from a “hold” rating to a “buy” rating and set a $176.00 price objective for the company in a research note on Wednesday, October 10th. Canaccord Genuity set a $160.00 target price on Ecolab and gave the stock a “buy” rating in a research note on Tuesday, July 24th. UBS Group boosted their target price on Ecolab from $165.00 to $180.00 and gave the stock a “buy” rating in a research note on Tuesday, October 2nd. JPMorgan Chase & Co. cut Ecolab from a “neutral” rating to an “underweight” rating in a research note on Friday, June 22nd. Finally, Nomura boosted their target price on Ecolab from $136.00 to $146.00 and gave the stock a “neutral” rating in a research note on Thursday, June 28th. Eight analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $151.67.
ECL opened at $147.50 on Friday. Ecolab Inc. has a 12 month low of $125.74 and a 12 month high of $159.92. The firm has a market cap of $42.91 billion, a P/E ratio of 30.07, a P/E/G ratio of 2.17 and a beta of 0.96. The company has a quick ratio of 0.84, a current ratio of 1.27 and a debt-to-equity ratio of 0.80.
Ecolab (NYSE:ECL) last released its earnings results on Tuesday, July 31st. The basic materials company reported $1.27 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.27. Ecolab had a return on equity of 18.96% and a net margin of 10.83%. The firm had revenue of $3.69 billion during the quarter, compared to analysts’ expectations of $3.69 billion. During the same period in the previous year, the firm posted $1.13 EPS. Ecolab’s revenue for the quarter was up 6.6% on a year-over-year basis. As a group, research analysts forecast that Ecolab Inc. will post 5.37 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Monday, October 15th. Investors of record on Tuesday, September 18th were paid a dividend of $0.41 per share. The ex-dividend date of this dividend was Monday, September 17th. This represents a $1.64 annualized dividend and a yield of 1.11%. Ecolab’s payout ratio is 34.97%.
Ecolab Inc provides water, hygiene, and energy technologies and services for customers worldwide. The company operates through Global Industrial, Global Institutional, and Global Energy segments. The Global Industrial segment provides water treatment and process applications, and cleaning and sanitizing solutions primarily to large industrial customers within the manufacturing, food and beverage processing, chemical, mining and primary metals, power generation, pulp and paper, and commercial laundry industries.
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