Ingalls & Snyder LLC reduced its holdings in Ecolab Inc. (NYSE:ECL) by 4.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 9,105 shares of the basic materials company’s stock after selling 405 shares during the period. Ingalls & Snyder LLC’s holdings in Ecolab were worth $1,757,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also modified their holdings of ECL. Corbenic Partners LLC bought a new position in Ecolab in the 4th quarter worth approximately $29,000. Quantum Capital Management bought a new position in Ecolab in the 3rd quarter worth approximately $38,000. Prime Capital Investment Advisors LLC increased its position in Ecolab by 80.0% in the 3rd quarter. Prime Capital Investment Advisors LLC now owns 225 shares of the basic materials company’s stock worth $45,000 after buying an additional 100 shares during the period. First Personal Financial Services increased its position in Ecolab by 166.7% in the 3rd quarter. First Personal Financial Services now owns 248 shares of the basic materials company’s stock worth $49,000 after buying an additional 155 shares during the period. Finally, Strategic Blueprint LLC bought a new position in Ecolab in the 3rd quarter worth approximately $52,000. 74.84% of the stock is currently owned by institutional investors.
Several research analysts have commented on ECL shares. Boenning Scattergood reaffirmed a “neutral” rating on shares of Ecolab in a research report on Monday, January 6th. JPMorgan Chase & Co. lifted their price target on Ecolab from $186.00 to $192.00 and gave the stock a “neutral” rating in a research report on Friday, December 20th. Finally, ValuEngine downgraded Ecolab from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Twelve investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Ecolab currently has a consensus rating of “Hold” and a consensus price target of $200.17.
Shares of NYSE:ECL opened at $191.45 on Thursday. Ecolab Inc. has a 1-year low of $149.63 and a 1-year high of $209.87. The firm has a market capitalization of $54.75 billion, a PE ratio of 36.47, a PEG ratio of 2.36 and a beta of 0.80. The business’s 50 day moving average is $188.51 and its 200-day moving average is $194.89. The company has a current ratio of 1.24, a quick ratio of 0.84 and a debt-to-equity ratio of 0.69.
Ecolab (NYSE:ECL) last announced its quarterly earnings data on Tuesday, October 29th. The basic materials company reported $1.71 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.71. Ecolab had a return on equity of 20.08% and a net margin of 10.27%. The company had revenue of $3.82 billion for the quarter, compared to analyst estimates of $3.89 billion. During the same quarter last year, the firm earned $1.53 EPS. Ecolab’s revenue for the quarter was up 1.9% compared to the same quarter last year. On average, sell-side analysts predict that Ecolab Inc. will post 5.86 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 17th were issued a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a dividend yield of 0.98%. The ex-dividend date was Monday, December 16th. This is a positive change from Ecolab’s previous quarterly dividend of $0.46. Ecolab’s dividend payout ratio (DPR) is presently 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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