Foundations Funding Advisors LLC trimmed its place in Ecolab Inc. (NYSE:ECL – Free Report) by 3.4% within the 2nd quarter, in line with the corporate in its most up-to-date submitting with the Securities and Change Fee (SEC). The agency owned 1,367 shares of the essential supplies firm’s inventory after promoting 48 shares throughout the interval. Foundations Funding Advisors LLC’s holdings in Ecolab have been price $325,000 on the finish of the newest reporting interval.
A lot of different hedge funds have additionally not too long ago made adjustments to their positions within the firm. Triad Wealth Companions LLC purchased a brand new stake in Ecolab throughout the second quarter valued at $26,000. PSI Advisors LLC bought a brand new place in shares of Ecolab throughout the second quarter price about $27,000. Kings Path Companions LLC bought a brand new stake in Ecolab within the second quarter valued at roughly $27,000. Motco purchased a brand new stake in Ecolab throughout the fourth quarter valued at roughly $28,000. Lastly, LRI Investments LLC bought a brand new place in Ecolab within the 1st quarter price roughly $31,000. 74.91% of the inventory is at present owned by hedge funds and different institutional traders.
Insider Exercise at Ecolab
In associated information, Director David Maclennan acquired 650 shares of the inventory in a transaction on Friday, August 2nd. The inventory was acquired at a mean value of $240.41 per share, for a complete transaction of $156,266.50. Following the completion of the acquisition, the director now straight owns 17,967 shares of the corporate’s inventory, valued at roughly $4,319,446.47. The acquisition was disclosed in a submitting with the Securities & Change Fee, which is offered by this hyperlink. In associated information, EVP Gregory B. Cook dinner offered 3,811 shares of the corporate’s inventory in a transaction on Thursday, August twenty ninth. The inventory was offered at a mean worth of $249.33, for a complete worth of $950,196.63. Following the sale, the chief vp now straight owns 8,080 shares of the corporate’s inventory, valued at $2,014,586.40. The sale was disclosed in a authorized submitting with the SEC, which is offered by the SEC web site. Additionally, Director David Maclennan purchased 650 shares of the corporate’s inventory in a transaction dated Friday, August 2nd. The shares have been acquired at a mean worth of $240.41 per share, for a complete transaction of $156,266.50. Following the acquisition, the director now owns 17,967 shares within the firm, valued at roughly $4,319,446.47. The disclosure for this buy could be discovered right here. 0.04% of the inventory is owned by company insiders.
Wall Avenue Analyst Weigh In
A lot of analysts have not too long ago issued reviews on ECL shares. Robert W. Baird lifted their worth goal on shares of Ecolab from $243.00 to $267.00 and gave the inventory a “impartial” score in a report on Wednesday, July thirty first. JPMorgan Chase & Co. upped their worth goal on Ecolab from $225.00 to $228.00 and gave the inventory a “impartial” score in a report on Wednesday, July thirty first. Wells Fargo & Firm upgraded Ecolab to a “strong-buy” score in a analysis report on Tuesday, August thirteenth. UBS Group diminished their worth goal on shares of Ecolab from $288.00 to $276.00 and set a “purchase” score on the inventory in a analysis report on Thursday, August fifteenth. Lastly, Royal Financial institution of Canada reaffirmed an “outperform” score and issued a $260.00 worth goal on shares of Ecolab in a analysis observe on Wednesday, August twenty first. Six analysis analysts have rated the inventory with a maintain score, ten have assigned a purchase score and one has given a powerful purchase score to the corporate’s inventory. In keeping with knowledge from MarketBeat.com, the inventory has a mean score of “Average Purchase” and a mean goal worth of $254.67.
Learn Our Newest Inventory Report on ECL
Ecolab Inventory Efficiency
Ecolab inventory opened at $245.05 on Friday. Ecolab Inc. has a 1-year low of $156.72 and a 1-year excessive of $253.54. The agency has a market cap of $69.98 billion, a P/E ratio of 45.38, a P/E/G ratio of two.56 and a beta of 1.13. The corporate has a present ratio of 1.50, a fast ratio of 1.10 and a debt-to-equity ratio of 0.91. The agency has a 50-day transferring common of $242.22 and a 200-day transferring common of $233.98.
Ecolab (NYSE:ECL – Get Free Report) final issued its quarterly earnings knowledge on Tuesday, July thirtieth. The essential supplies firm reported $1.68 earnings per share for the quarter, topping analysts’ consensus estimates of $1.67 by $0.01. Ecolab had a return on fairness of 21.65% and a web margin of 10.95%. The agency had income of $3.99 billion for the quarter, in comparison with analyst estimates of $4.03 billion. Throughout the identical interval final yr, the corporate earned $1.24 EPS. The enterprise’s quarterly income was up 3.5% in comparison with the identical quarter final yr. Promote-side analysts anticipate that Ecolab Inc. will put up 6.65 EPS for the present yr.
Ecolab Dividend Announcement
The enterprise additionally not too long ago introduced a quarterly dividend, which might be paid on Tuesday, October fifteenth. Stockholders of document on Tuesday, September seventeenth might be paid a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized foundation and a dividend yield of 0.93%. The ex-dividend date is Tuesday, September seventeenth. Ecolab’s payout ratio is 42.22%.
About Ecolab
Ecolab Inc gives water, hygiene, and an infection prevention options and providers in the US and internationally. The corporate operates by three segments: International Industrial; International Institutional & Specialty; and International Healthcare & Life Sciences. The International Industrial section presents water remedy and course of purposes, and cleansing and sanitizing options to manufacturing, meals and beverage processing, transportation, chemical, metals and mining, energy era, pulp and paper, business laundry, petroleum, refining, and petrochemical industries.
Featured Tales
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