Commerzbank Aktiengesellschaft FI boosted its stake in shares of Ecolab Inc. (NYSE:ECL) by 25.8% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 205,104 shares of the basic materials company’s stock after purchasing an additional 42,102 shares during the period. Commerzbank Aktiengesellschaft FI owned approximately 0.07% of Ecolab worth $40,619,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Certified Advisory Corp acquired a new stake in Ecolab during the 2nd quarter worth about $25,000. Krane Funds Advisors LLC acquired a new stake in Ecolab during the 2nd quarter worth about $25,000. Next Capital Management LLC acquired a new stake in Ecolab during the 2nd quarter worth about $27,000. Putnam FL Investment Management Co. acquired a new stake in Ecolab during the 2nd quarter worth about $28,000. Finally, Focused Wealth Management Inc acquired a new stake in Ecolab during the 2nd quarter worth about $30,000. 75.97% of the stock is currently owned by institutional investors.
Several brokerages have weighed in on ECL. Credit Suisse Group set a $181.00 price target on Ecolab and gave the stock a “neutral” rating in a research report on Wednesday, July 31st. UBS Group set a $202.00 price target on Ecolab and gave the stock a “hold” rating in a research report on Wednesday, July 31st. BMO Capital Markets raised their target price on Ecolab from $180.00 to $208.00 and gave the company a “market perform” rating in a research report on Monday, August 5th. Nomura raised their target price on Ecolab from $208.00 to $210.00 and gave the company a “buy” rating in a research report on Wednesday, August 7th. Finally, Canaccord Genuity raised their target price on Ecolab from $198.00 to $222.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. Thirteen research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $193.14.
In related news, EVP Alex N. Blanco sold 51,400 shares of the firm’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $203.07, for a total value of $10,437,798.00. Following the transaction, the executive vice president now directly owns 59,425 shares of the company’s stock, valued at approximately $12,067,434.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Darrell R. Brown sold 12,678 shares of the firm’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $198.09, for a total transaction of $2,511,385.02. Following the completion of the transaction, the executive vice president now directly owns 21,061 shares in the company, valued at $4,171,973.49. The disclosure for this sale can be found here. Insiders sold a total of 66,358 shares of company stock worth $13,423,309 over the last ninety days. 1.52% of the stock is currently owned by corporate insiders.
Shares of NYSE:ECL traded down $1.28 during trading on Thursday, reaching $193.95. 27,965 shares of the company’s stock traded hands, compared to its average volume of 918,695. Ecolab Inc. has a fifty-two week low of $135.77 and a fifty-two week high of $209.87. The company has a quick ratio of 0.78, a current ratio of 1.18 and a debt-to-equity ratio of 0.72. The firm has a market cap of $56.18 billion, a PE ratio of 36.96, a P/E/G ratio of 2.63 and a beta of 0.81. The company has a 50-day simple moving average of $198.35 and a 200-day simple moving average of $193.23.
Ecolab (NYSE:ECL) last posted its earnings results on Tuesday, July 30th. The basic materials company reported $1.42 EPS for the quarter, beating the Zacks’ consensus estimate of $1.41 by $0.01. Ecolab had a return on equity of 19.81% and a net margin of 10.12%. The firm had revenue of $3.76 billion for the quarter, compared to analysts’ expectations of $3.79 billion. During the same period last year, the firm earned $1.27 EPS. The company’s quarterly revenue was up 1.9% on a year-over-year basis. On average, equities research analysts forecast that Ecolab Inc. will post 5.91 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Tuesday, September 17th were paid a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a yield of 0.95%. The ex-dividend date was Monday, September 16th. Ecolab’s dividend payout ratio is presently 35.05%.
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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