The most recent 13F filing that Exchange Capital Management Inc. made with the Securities and Exchange Commission reveals that the company has increased the number of Ecolab Inc. (NYSE: ECL) shares it owns as a percentage of its total ownership. As a result, the fund shelled out nearly 217,500 to purchase 1,505 shares of stock in the company specializing in fundamental materials.
Other institutional investors have also changed the stock holdings they currently have in their portfolios. The State Street Corporation’s investment portfolio increased by 1.3% due to acquiring additional Ecolab common stock during the second quarter. State Street Corp. now has a total of 11,544,497 of the basic materials company’s shares, which are worth a total of $1,780,863,000 after purchasing an additional 146,785 shares during the most recent quarter. This brings the total number of shares that State Street Corp. The value of Northern Trust Corporation’s holdings in Ecolab increased by 1.1% over the first three months of 2018. Following the acquisition of a further 32,366 shares during the period in question, Northern Trust Corporation now has a total of 3,079,882 shares of the stock of the basic materials business in its possession. The value of these shares on the market as of right now is $543,784,000. Brown Advisory Inc. increased the number of Ecolab shares it owned by 4.2% during the second quarter. After making an additional purchase of 104,282 stock units during the most recent quarter, Brown Advisory Inc. now has a total of 2,563,535 shares of the common stock of the company that deals in primary materials. The total value of the company’s stock holdings as of the most recent accounting is $448,548,000. During the third quarter, Nordea Investment Management AB expanded its portfolio of investments by purchasing an additional 9.9% of Ecolab shares. Following the acquisition of an additional 210,695 shares during this period, Nordea Investment Management AB now holds a total of 2,336,675 shares of the company specializing in basic materials. These shares are currently valued at a combined total of $342,744,000. And finally, during the second quarter, Mirova US LLC increased the amount of Ecolab stock owned by 6.1%, bringing its total ownership percentage to 100%. Following acquiring 103,590 additional shares during the relevant period, Mirova US LLC now holds 1,794,618 shares of the stock held by the company specializing in primary materials. The value of these shares on the market as of right now is $275,940,000. The holdings of institutional investors in the company’s stock amount to 86.76% of the total.
The opening price for shares traded on the NYSE: ECL on Friday was $153.38. Ecolab Inc.’s share price ranged from a low of $131.04 to a high of $227.65 over the previous calendar year. The price of the stock’s moving average over the past 50 days is $147.66; over the last 200 days, it has been $154.28. The quick ratio is 0.87, the current ratio is 1.35, and the debt-to-equity ratio is 1.13. All of these numbers are relative to the total amount of debt. Each of these figures is expressed as a percentage in this table. The company has a price-to-earnings ratio of 39.03, a price-to-earnings-to-growth ratio of 2.33, and a beta value of 0.98. The market capitalization of the company is $43.69 billion.
Ecolab (NYSE: ECL) released its most recent quarterly earnings report on Tuesday, November 1, which was a Tuesday. The report was for the most recent quarter. The basic materials company’s earnings per share for the quarter, which came in at $1.30, came in $0.03 lower than the consensus estimate of $1.33 provided by market analysts. In addition, the company’s revenue for the quarter came in at $3.67 billion, less than the $3.68 billion analysts in the relevant field had predicted it would bring in. The return on equity for Ecolab was 18.10 percent, and the net margin for the company was 8.13 percent. The current fiscal year is expected to result in earnings of $4.47 per share for Ecolab Inc., according to projections made by market analysts.
In addition, the company has declared a quarterly dividend, which will be paid out on the seventeenth of this month. On December 20, the record date for dividend eligibility, shareholders who own shares will be eligible to receive dividend payments equal to $0.53 per share. Ecolab has raised the number of dividends it pays out every quarter to $0.51 from previous levels. This translates to a yield of 1.38 percent and an annual dividend payment of $2.12aid out on the seventeenth of this month. On December 20, the record date for dividend eligibility, shareholders who own shares will be eligible to receive dividend payments equal to $0.53 per share. Ecolab has raised the number of dividends it pays out every quarter to $0.51 from previous levels. This translates to a yield of 1.38 percent and an annual dividend payment of $2.12. On Monday, December 19, shareholders will no longer be eligible to receive any portion of this dividend after the date that has been specified. At this time, Ecolab’s dividend payout ratio (also known as DPR) stands at 53.94%.
On November 8, David Maclennan, a director of the business, purchased more company stock. He bought a total of 800 shares. Because each share was purchased at an average price of $139.66, the total cost of the shares was $111,728. This is because the shares were purchased. As a direct consequence of the purchase, the director now owns 12,597 shares of the company. The total value of these shares is $1,759,297.02, making the director the company’s second-largest shareholder. This information was made accessible to the general public through a legal filing submitted to the SEC, which can be located here if you’re interested. In addition, 1.04 percent of the total shares currently outstanding in the company are owned by company insiders.
Several different research organizations and companies have produced recent reports on ECL. On October 12, 2013, Ecolab was added as a topic of discussion on StockNews.com. They recommended that shareholders “hold” their shares of the company. In a research note published on October 13, Seaport Research Partners announced that they had changed their recommendation on Ecolab from “neutral” to “buy.” Citigroup increased its target price for Ecolab in a research report published on Thursday, December 15, which went from $140.00 to $64.00. The increase came about due to an increase in Ecolab’s share price. In addition, the report gave the company a rating of “neutral.” In a research note published on Friday, December 2, Barclays decreased their target price on Ecolab from $170.00 to $160.00, downgrading the stock from “overweight” to “equal weight.” In a research note released on Thursday, Mizuho upgraded Ecolab’s rating from “neutral” to “buy.” The previous rating had been “neutral.” In addition, the company increased its price target for the stock, moving it up from $158.0 to $163.00. Nine analysts have provided the company with a recommendation to buy, while ten others have suggested that investors maintain their current holdings in the company’s shares. According to reports on Bloomberg.com, most market analysts currently have the company pegged as a “hold,” and their average price objective for the stock is $175.88 per share.