Robeco Institutional Asset Management B.V. trimmed its stake in shares of Ecolab Inc. (NYSE:ECL) by 55.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 64,090 shares of the basic materials company’s stock after selling 79,331 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Ecolab were worth $12,750,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds also recently modified their holdings of the company. Chatham Capital Group Inc. bought a new stake in Ecolab in the second quarter worth approximately $2,873,000. McKinley Carter Wealth Services Inc. increased its holdings in Ecolab by 7.5% in the second quarter. McKinley Carter Wealth Services Inc. now owns 24,300 shares of the basic materials company’s stock worth $4,835,000 after purchasing an additional 1,694 shares in the last quarter. SG Americas Securities LLC increased its holdings in Ecolab by 38.4% in the second quarter. SG Americas Securities LLC now owns 11,356 shares of the basic materials company’s stock worth $2,259,000 after purchasing an additional 3,148 shares in the last quarter. Empirical Finance LLC increased its holdings in Ecolab by 13.4% in the second quarter. Empirical Finance LLC now owns 1,670 shares of the basic materials company’s stock worth $332,000 after purchasing an additional 197 shares in the last quarter. Finally, Belpointe Asset Management LLC increased its holdings in Ecolab by 7.2% in the second quarter. Belpointe Asset Management LLC now owns 3,178 shares of the basic materials company’s stock worth $633,000 after purchasing an additional 214 shares in the last quarter. Institutional investors own 74.14% of the company’s stock.
In related news, EVP Timothy P. Mulhere sold 22,800 shares of the business’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $205.16, for a total transaction of $4,677,648.00. Following the sale, the executive vice president now directly owns 39,572 shares in the company, valued at approximately $8,118,591.52. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Victoria Reich sold 1,000 shares of the business’s stock in a transaction on Friday, May 29th. The shares were sold at an average price of $209.93, for a total value of $209,930.00. Following the sale, the director now owns 21,306 shares in the company, valued at $4,472,768.58. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 51,989 shares of company stock worth $10,658,061. 1.22% of the stock is currently owned by corporate insiders.
Shares of ECL opened at $210.06 on Friday. The firm has a market cap of $60.60 billion, a PE ratio of 39.71, a PEG ratio of 4.16 and a beta of 1.00. The stock’s fifty day moving average price is $205.65 and its two-hundred day moving average price is $192.48. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.51 and a quick ratio of 1.15. Ecolab Inc. has a 1 year low of $124.60 and a 1 year high of $231.36.
Ecolab (NYSE:ECL) last issued its earnings results on Tuesday, April 28th. The basic materials company reported $1.13 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.06 by $0.07. The firm had revenue of $3.58 billion for the quarter, compared to analyst estimates of $3.49 billion. Ecolab had a return on equity of 20.12% and a net margin of 10.32%. The business’s revenue was up 2.2% on a year-over-year basis. During the same period in the previous year, the company posted $1.03 earnings per share. Sell-side analysts anticipate that Ecolab Inc. will post 4.81 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 16th were paid a dividend of $0.47 per share. The ex-dividend date of this dividend was Monday, June 15th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 0.89%. Ecolab’s payout ratio is 32.30%.
A number of equities research analysts have commented on the company. G.Research cut Ecolab from a “buy” rating to a “hold” rating in a research note on Wednesday, June 3rd. Morgan Stanley reduced their price objective on Ecolab from $205.00 to $170.00 and set an “equal weight” rating for the company in a research note on Monday, March 30th. Argus reduced their price objective on Ecolab from $250.00 to $230.00 and set a “buy” rating for the company in a research note on Wednesday, April 29th. Stifel Nicolaus raised their price objective on Ecolab from $164.00 to $175.00 and gave the company a “hold” rating in a research note on Thursday, April 30th. Finally, Cfra raised their price objective on Ecolab from $170.00 to $197.00 and gave the company a “hold” rating in a research note on Thursday, April 30th. Two investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and three have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $189.86.
Ecolab Company Profile
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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