Dana Investment Advisors Inc. cut its stake in shares of Ecolab Inc. (NYSE:ECL) by 5.0% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,696 shares of the basic materials company’s stock after selling 89 shares during the period. Dana Investment Advisors Inc.’s holdings in Ecolab were worth $349,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Exencial Wealth Advisors LLC boosted its position in Ecolab by 2.0% during the first quarter. Exencial Wealth Advisors LLC now owns 2,453 shares of the basic materials company’s stock valued at $525,000 after purchasing an additional 47 shares during the last quarter. Mid Atlantic Financial Management Inc. ADV lifted its position in shares of Ecolab by 1.9% in the first quarter. Mid Atlantic Financial Management Inc. ADV now owns 2,475 shares of the basic materials company’s stock valued at $530,000 after buying an additional 47 shares during the last quarter. Verdence Capital Advisors LLC lifted its position in shares of Ecolab by 2.1% in the first quarter. Verdence Capital Advisors LLC now owns 2,377 shares of the basic materials company’s stock valued at $509,000 after buying an additional 50 shares during the last quarter. Crawford Investment Counsel Inc. lifted its position in shares of Ecolab by 2.1% in the first quarter. Crawford Investment Counsel Inc. now owns 2,446 shares of the basic materials company’s stock valued at $524,000 after buying an additional 50 shares during the last quarter. Finally, Waldron Private Wealth LLC lifted its position in shares of Ecolab by 2.3% in the first quarter. Waldron Private Wealth LLC now owns 2,309 shares of the basic materials company’s stock valued at $495,000 after buying an additional 51 shares during the last quarter. 72.29% of the stock is owned by hedge funds and other institutional investors.
Separately, Royal Bank of Canada started coverage on Ecolab in a research report on Thursday, September 2nd. They issued an “outperform” rating and a $260.00 price objective for the company. Six investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, Ecolab currently has a consensus rating of “Buy” and an average target price of $232.60.
NYSE:ECL opened at $223.56 on Wednesday. The stock has a 50 day simple moving average of $220.01 and a 200 day simple moving average of $217.08. Ecolab Inc. has a 1-year low of $181.25 and a 1-year high of $231.25. The company has a current ratio of 1.91, a quick ratio of 1.41 and a debt-to-equity ratio of 1.00. The stock has a market cap of $63.96 billion, a P/E ratio of 61.42, a PEG ratio of 3.54 and a beta of 1.00.
Ecolab (NYSE:ECL) last posted its quarterly earnings data on Tuesday, July 27th. The basic materials company reported $1.22 EPS for the quarter, topping the Zacks’ consensus estimate of $1.18 by $0.04. Ecolab had a return on equity of 20.14% and a net margin of 8.66%. The firm had revenue of $3.16 billion for the quarter, compared to analyst estimates of $3.11 billion. During the same quarter last year, the company earned $0.65 EPS. The company’s revenue was up 17.8% on a year-over-year basis. As a group, sell-side analysts forecast that Ecolab Inc. will post 5.04 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 15th. Shareholders of record on Tuesday, September 14th will be paid a dividend of $0.48 per share. The ex-dividend date of this dividend is Monday, September 13th. This represents a $1.92 dividend on an annualized basis and a yield of 0.86%. Ecolab’s dividend payout ratio (DPR) is presently 47.76%.
Ecolab, Inc engages in the provision of products and services in the field of water, hygiene, and energy. It operates through the following segments: Global Industrial, Global Institutional & Specialty, Global Energy & Life Science, and Other. The Global Industrial segment consists of the water, food and beverage, paper, and downstream operating segments.
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