Dimensional Fund Advisors LP boosted its stake in shares of Ecolab Inc. (NYSE:ECL) by 0.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 578,024 shares of the company’s stock after buying an additional 3,335 shares during the period. Dimensional Fund Advisors LP owned 0.20% of Ecolab worth $68,548,000 at the end of the most recent reporting period.
Other institutional investors have also recently added to or reduced their stakes in the company. Teacher Retirement System of Texas boosted its position in Ecolab by 31.1% in the second quarter. Teacher Retirement System of Texas now owns 18,973 shares of the company’s stock valued at $2,250,000 after buying an additional 4,500 shares in the last quarter. Impax Asset Management LTD boosted its position in Ecolab by 9.3% in the second quarter. Impax Asset Management LTD now owns 604,225 shares of the company’s stock valued at $71,822,000 after buying an additional 51,242 shares in the last quarter. Eaton Vance Management boosted its position in Ecolab by 4.0% in the second quarter. Eaton Vance Management now owns 956,711 shares of the company’s stock valued at $113,466,000 after buying an additional 37,235 shares in the last quarter. Financial Counselors Inc. boosted its position in Ecolab by 5.5% in the second quarter. Financial Counselors Inc. now owns 66,809 shares of the company’s stock valued at $7,924,000 after buying an additional 3,505 shares in the last quarter. Finally, Advance Capital I Inc. boosted its position in Ecolab by 3.7% in the second quarter. Advance Capital I Inc. now owns 8,500 shares of the company’s stock valued at $1,008,000 after buying an additional 300 shares in the last quarter. 74.80% of the stock is owned by institutional investors and hedge funds.
Ecolab Inc. (NYSE:ECL) traded down 0.16% on Thursday, reaching $121.11. The company’s stock had a trading volume of 171,813 shares. The firm has a market cap of $35.32 billion, a PE ratio of 37.98 and a beta of 0.90. Ecolab Inc. has a 52-week low of $98.62 and a 52-week high of $124.60. The stock’s 50 day moving average price is $121.17 and its 200 day moving average price is $117.69.
Ecolab (NYSE:ECL) last posted its quarterly earnings results on Tuesday, August 2nd. The company reported $1.08 earnings per share for the quarter, hitting the consensus estimate of $1.08. The company earned $3.32 billion during the quarter, compared to the consensus estimate of $3.33 billion. Ecolab had a return on equity of 19.24% and a net margin of 7.20%. The firm’s quarterly revenue was down 2.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.08 EPS. Equities research analysts expect that Ecolab Inc. will post $4.44 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, October 17th. Stockholders of record on Tuesday, September 20th will be paid a dividend of $0.35 per share. The ex-dividend date is Friday, September 16th. This represents a $1.40 annualized dividend and a dividend yield of 1.15%. Ecolab’s payout ratio is 43.89%.
Several equities analysts recently weighed in on the stock. Macquarie assumed coverage on shares of Ecolab in a research note on Thursday, August 25th. They issued an “outperform” rating and a $143.00 target price for the company. Nomura raised their price target on Ecolab from $94.00 to $98.00 and gave the company a “reduce” rating in a report on Monday, August 22nd. Zacks Investment Research raised Ecolab from a “sell” rating to a “hold” rating in a report on Thursday, August 4th. Credit Suisse Group AG reaffirmed a “hold” rating and set a $120.00 price target on shares of Ecolab in a report on Wednesday, August 3rd. Finally, Oppenheimer Holdings Inc. raised their price target on Ecolab from $120.00 to $129.00 and gave the company an “outperform” rating in a report on Wednesday, August 3rd. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and eleven have given a buy rating to the company. Ecolab has a consensus rating of “Hold” and an average target price of $126.74.
In other news, EVP Christophe Beck sold 5,789 shares of the stock in a transaction on Wednesday, September 7th. The stock was sold at an average price of $122.70, for a total transaction of $710,310.30. Following the completion of the transaction, the executive vice president now owns 32,475 shares in the company, valued at approximately $3,984,682.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Michael A. Hickey sold 17,761 shares of the stock in a transaction on Monday, August 29th. The stock was sold at an average price of $123.90, for a total value of $2,200,587.90. Following the transaction, the executive vice president now owns 61,342 shares of the company’s stock, valued at approximately $7,600,273.80. The disclosure for this sale can be found here. Insiders own 1.50% of the company’s stock.
Ecolab Inc provides water, hygiene and energy technologies and services. The Company’s segments include Global Industrial, Global Institutional, Global Energy, Other and Corporate. The Global Industrial segment consists of the Water, Food and Beverage, Paper and Textile Care operating units. The Global Institutional segment consists of the Institutional, Specialty and Healthcare operating units.
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