Contravisory Investment Management Inc. Raises Stock Holdings in Ecolab Inc. (NYSE:ECL)

Contravisory Investment Management Inc. lifted its holdings in Ecolab Inc. (NYSE:ECLFree Report) by 86.7% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,982 shares of the basic materials company’s stock after purchasing an additional 1,849 shares during the period. Contravisory Investment Management Inc.’s holdings in Ecolab were worth $919,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of ECL. First Personal Financial Services purchased a new stake in Ecolab during the 4th quarter valued at approximately $26,000. Hexagon Capital Partners LLC grew its position in Ecolab by 150.0% in the 4th quarter. Hexagon Capital Partners LLC now owns 135 shares of the basic materials company’s stock valued at $27,000 after buying an additional 81 shares during the last quarter. Motco purchased a new position in Ecolab during the 4th quarter worth $28,000. Fortitude Family Office LLC acquired a new stake in shares of Ecolab in the 4th quarter worth $29,000. Finally, Rise Advisors LLC boosted its holdings in shares of Ecolab by 2,042.9% in the first quarter. Rise Advisors LLC now owns 150 shares of the basic materials company’s stock valued at $35,000 after acquiring an additional 143 shares in the last quarter. Hedge funds and other institutional investors own 74.91% of the company’s stock.

Ecolab Trading Up 0.0 %

Ecolab stock traded up $0.10 during mid-day trading on Friday, reaching $243.99. 3,663,747 shares of the company traded hands, compared to its average volume of 1,012,147. The firm’s 50 day moving average price is $231.56 and its 200 day moving average price is $217.76. The firm has a market capitalization of $69.68 billion, a price-to-earnings ratio of 45.18, a P/E/G ratio of 2.58 and a beta of 1.12. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.41 and a quick ratio of 0.99. Ecolab Inc. has a 52-week low of $156.72 and a 52-week high of $245.73.

Ecolab (NYSE:ECLGet Free Report) last issued its quarterly earnings data on Tuesday, April 30th. The basic materials company reported $1.34 earnings per share for the quarter, topping the consensus estimate of $1.33 by $0.01. Ecolab had a net margin of 10.01% and a return on equity of 20.56%. The firm had revenue of $3.75 billion for the quarter, compared to analysts’ expectations of $3.74 billion. During the same quarter in the prior year, the business earned $0.88 EPS. The business’s quarterly revenue was up 5.0% on a year-over-year basis. On average, analysts anticipate that Ecolab Inc. will post 6.59 earnings per share for the current fiscal year.

Ecolab Announces Dividend

The company 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 $0.57 dividend. The ex-dividend date of this dividend is Tuesday, June 18th. This represents a $2.28 annualized dividend and a dividend yield of 0.93%. Ecolab’s payout ratio is currently 42.22%.

Analysts Set New Price Targets

Several research firms recently commented on ECL. Barclays upgraded shares of Ecolab from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $225.00 to $260.00 in a research report on Wednesday, February 28th. Stifel Nicolaus lifted their target price on Ecolab from $225.00 to $233.00 and gave the stock a “hold” rating in a research report on Wednesday, May 1st. BMO Capital Markets increased their target price on Ecolab from $227.00 to $234.00 and gave the stock a “market perform” rating in a research report on Wednesday, May 1st. Mizuho raised shares of Ecolab from a “neutral” rating to a “buy” rating and raised their target price for the company from $216.00 to $260.00 in a research note on Friday, April 12th. Finally, Raymond James lifted their price target on shares of Ecolab from $230.00 to $250.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 3rd. Eleven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $239.56.

Get Our Latest Stock Analysis on Ecolab

Insider Activity at Ecolab

In other Ecolab news, Director Arthur J. Higgins sold 4,500 shares of Ecolab stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $227.52, for a total value of $1,023,840.00. Following the transaction, the director now owns 25,548 shares in the company, valued at $5,812,680.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Ecolab news, Director David Maclennan bought 650 shares of Ecolab stock in a transaction dated Friday, May 3rd. The stock was acquired at an average cost of $227.37 per share, with a total value of $147,790.50. Following the purchase, the director now directly owns 17,111 shares in the company, valued at approximately $3,890,528.07. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, Director Arthur J. Higgins sold 4,500 shares of the company’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $227.52, for a total value of $1,023,840.00. Following the transaction, the director now directly owns 25,548 shares of the company’s stock, valued at $5,812,680.96. The disclosure for this sale can be found here. 0.04% of the stock is currently owned by corporate insiders.

Ecolab Company Profile

(Free Report)

Ecolab Inc provides water, hygiene, and infection prevention solutions and services in the United States and internationally. The company operates through three segments: Global Industrial; Global Institutional & Specialty; and Global Healthcare & Life Sciences. The Global Industrial segment offers water treatment and process applications, and cleaning and sanitizing solutions to manufacturing, food and beverage processing, transportation, chemical, metals and mining, power generation, pulp and paper, commercial laundry, petroleum, refining, and petrochemical industries.

See Also

Institutional Ownership by Quarter for Ecolab (NYSE:ECL)

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