Ecolab Inc. (NYSE:ECL - Get Free Report) SVP Jennifer J. Bradway sold 856 shares of Ecolab stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $267.37, for a total value of $228,868.72. Following the completion of the transaction, the senior vice president now owns 4,140 shares of the company's stock, valued at approximately $1,106,911.80. This trade represents a 17.13 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link.
Ecolab Stock Up 0.2 %
NYSE:ECL traded up $0.46 during mid-day trading on Monday, reaching $269.47. The company's stock had a trading volume of 1,464,903 shares, compared to its average volume of 1,260,792. The company has a quick ratio of 0.95, a current ratio of 1.26 and a debt-to-equity ratio of 0.79. Ecolab Inc. has a 1 year low of $217.05 and a 1 year high of $273.69. The stock has a fifty day moving average of $247.25 and a 200-day moving average of $248.76. The firm has a market capitalization of $76.26 billion, a PE ratio of 36.51, a price-to-earnings-growth ratio of 2.57 and a beta of 1.14.
Ecolab (NYSE:ECL - Get Free Report) last announced its quarterly earnings results on Tuesday, February 11th. The basic materials company reported $1.81 earnings per share for the quarter, hitting the consensus estimate of $1.81. Ecolab had a net margin of 13.42% and a return on equity of 22.50%. Equities research analysts forecast that Ecolab Inc. will post 7.54 earnings per share for the current year.
Ecolab Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Tuesday, March 18th will be issued a $0.65 dividend. The ex-dividend date is Tuesday, March 18th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 0.96%. Ecolab's dividend payout ratio is presently 35.23%.
Institutional Inflows and Outflows
Several large investors have recently made changes to their positions in the stock. Angeles Wealth Management LLC raised its holdings in Ecolab by 3.0% in the third quarter. Angeles Wealth Management LLC now owns 1,391 shares of the basic materials company's stock worth $355,000 after purchasing an additional 41 shares in the last quarter. Kirtland Hills Capital Management LLC raised its stake in shares of Ecolab by 1.9% during the 4th quarter. Kirtland Hills Capital Management LLC now owns 2,156 shares of the basic materials company's stock worth $505,000 after acquiring an additional 41 shares in the last quarter. Invesco LLC lifted its position in Ecolab by 4.1% during the fourth quarter. Invesco LLC now owns 1,067 shares of the basic materials company's stock valued at $250,000 after acquiring an additional 42 shares during the last quarter. Palumbo Wealth Management LLC boosted its stake in Ecolab by 5.1% in the fourth quarter. Palumbo Wealth Management LLC now owns 859 shares of the basic materials company's stock valued at $201,000 after acquiring an additional 42 shares in the last quarter. Finally, World Equity Group Inc. grew its holdings in Ecolab by 3.6% in the fourth quarter. World Equity Group Inc. now owns 1,217 shares of the basic materials company's stock worth $285,000 after purchasing an additional 42 shares during the last quarter. 74.91% of the stock is owned by institutional investors.
Analyst Ratings Changes
ECL has been the subject of several analyst reports. Piper Sandler raised their target price on shares of Ecolab from $270.00 to $310.00 and gave the stock an "overweight" rating in a report on Monday, February 24th. Argus raised shares of Ecolab to a "strong-buy" rating in a research note on Wednesday, February 12th. BMO Capital Markets upped their target price on Ecolab from $295.00 to $305.00 and gave the company an "outperform" rating in a research note on Monday. Royal Bank of Canada decreased their price target on Ecolab from $306.00 to $294.00 and set an "outperform" rating for the company in a research note on Friday, January 10th. Finally, Morgan Stanley raised Ecolab from an "equal weight" rating to an "overweight" rating and upped their price objective for the company from $263.00 to $280.00 in a research report on Tuesday, January 28th. Three investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $288.00.
Read Our Latest Stock Analysis on Ecolab
About Ecolab
(
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Ecolab Inc provides water, hygiene, and infection prevention solutions and services in the United States and internationally. The company operates through three segments: Global Industrial; Global Institutional & Specialty; and Global Healthcare & Life Sciences. The Global Industrial segment offers water treatment and process applications, and cleaning and sanitizing solutions to manufacturing, food and beverage processing, transportation, chemical, metals and mining, power generation, pulp and paper, commercial laundry, petroleum, refining, and petrochemical industries.
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