Douglass Winthrop Advisors LLC lifted its stake in shares of Ecolab Inc. (NYSE:ECL) by 8.7% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 341,248 shares of the basic materials company’s stock after acquiring an additional 27,437 shares during the quarter. Ecolab comprises approximately 2.7% of Douglass Winthrop Advisors LLC’s holdings, making the stock its 10th largest position. Douglass Winthrop Advisors LLC owned about 0.12% of Ecolab worth $67,376,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in ECL. Permanens Capital L.P. acquired a new stake in Ecolab during the 1st quarter worth $26,000. Advisory Alpha LLC acquired a new stake in shares of Ecolab in the 1st quarter valued at about $28,000. Private Ocean LLC acquired a new stake in shares of Ecolab in the 1st quarter valued at about $29,000. Liberty Wealth Management LLC acquired a new stake in shares of Ecolab in the 4th quarter valued at about $27,000. Finally, CX Institutional raised its stake in shares of Ecolab by 107.5% in the 1st quarter. CX Institutional now owns 220 shares of the basic materials company’s stock valued at $39,000 after purchasing an additional 114 shares during the period. Institutional investors own 75.32% of the company’s stock.
A number of analysts recently issued reports on ECL shares. Zacks Investment Research raised Ecolab from a “sell” rating to a “hold” rating in a research report on Thursday, May 2nd. UBS Group set a $202.00 price target on Ecolab and gave the stock a “hold” rating in a report on Wednesday, July 31st. Morgan Stanley lifted their price target on Ecolab from $140.00 to $205.00 and gave the stock an “equal weight” rating in a report on Monday. BMO Capital Markets lifted their price target on Ecolab from $180.00 to $208.00 and gave the stock a “market perform” rating in a report on Monday, August 5th. Finally, Citigroup boosted their price objective on Ecolab from $190.00 to $206.00 and gave the stock a “neutral” rating in a report on Friday, August 2nd. Twelve equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $192.00.
Ecolab (NYSE:ECL) last announced its quarterly earnings data on Tuesday, July 30th. The basic materials company reported $1.42 EPS for the quarter, beating the consensus estimate of $1.41 by $0.01. The business had revenue of $3.76 billion during the quarter, compared to the consensus estimate of $3.79 billion. Ecolab had a net margin of 10.12% and a return on equity of 19.81%. The company’s revenue was up 1.9% on a year-over-year basis. During the same period in the previous year, the business earned $1.27 earnings per share. On average, analysts expect that Ecolab Inc. will post 5.92 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Tuesday, September 17th will be issued a dividend of $0.46 per share. The ex-dividend date is Monday, September 16th. This represents a $1.84 annualized dividend and a dividend yield of 0.90%. Ecolab’s dividend payout ratio (DPR) is presently 35.05%.
In other Ecolab news, EVP Alex N. Blanco sold 51,400 shares of the company’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $203.07, for a total transaction of $10,437,798.00. Following the sale, the executive vice president now owns 59,425 shares of the company’s stock, valued at $12,067,434.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Elizabeth A. Simermeyer sold 3,875 shares of the company’s stock in a transaction on Wednesday, May 22nd. The shares were sold at an average price of $183.90, for a total transaction of $712,612.50. Following the sale, the executive vice president now directly owns 10,421 shares in the company, valued at approximately $1,916,421.90. The disclosure for this sale can be found here. Insiders have sold 95,650 shares of company stock valued at $18,898,540 over the last quarter. Company insiders own 1.52% of the company’s stock.
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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