Hikari Power Ltd held its position in Ecolab Inc. (NYSE:ECL) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 23,400 shares of the company’s stock at the end of the third quarter. Hikari Power Ltd’s holdings in Ecolab were worth $2,848,000 at the end of the most recent quarter.
Other institutional investors also recently bought and sold shares of the company. Point72 Asia Hong Kong Ltd bought a new position in Ecolab during the second quarter worth $166,000. Bartlett & Co. LLC boosted its position in Ecolab by 2.0% in the second quarter. Bartlett & Co. LLC now owns 1,568 shares of the company’s stock worth $186,000 after buying an additional 30 shares during the last quarter. Washington Trust Bank boosted its position in Ecolab by 4.4% in the third quarter. Washington Trust Bank now owns 1,662 shares of the company’s stock worth $202,000 after buying an additional 70 shares during the last quarter. Nations Financial Group Inc. IA ADV bought a new position in Ecolab during the second quarter worth $200,000. Finally, Agran Libbie bought a new position in Ecolab during the second quarter worth $214,000. 74.91% of the stock is owned by hedge funds and other institutional investors.
Shares of Ecolab Inc. (NYSE:ECL) traded up 0.22% during midday trading on Wednesday, reaching $121.92. 333,975 shares of the company traded hands. The firm has a market capitalization of $35.55 billion, a P/E ratio of 33.89 and a beta of 0.90. Ecolab Inc. has a 12 month low of $98.62 and a 12 month high of $124.60. The company has a 50 day moving average of $119.25 and a 200 day moving average of $118.92.
Ecolab (NYSE:ECL) last released its quarterly earnings data on Tuesday, November 1st. The company reported $1.28 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.28. Ecolab had a net margin of 8.11% and a return on equity of 19.08%. The company earned $3.39 billion during the quarter, compared to analyst estimates of $3.49 billion. During the same quarter in the prior year, the business earned $1.28 earnings per share. The business’s quarterly revenue was down 1.7% compared to the same quarter last year. On average, equities research analysts predict that Ecolab Inc. will post $4.40 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 17th. Stockholders of record on Tuesday, December 20th were given a $0.37 dividend. The ex-dividend date was Friday, December 16th. This represents a $1.48 annualized dividend and a dividend yield of 1.22%. This is a positive change from Ecolab’s previous quarterly dividend of $0.35. Ecolab’s dividend payout ratio is presently 41.11%.
Several equities analysts have commented on the stock. Barclays PLC reissued a “buy” rating and issued a $135.00 price target on shares of Ecolab in a research report on Monday, November 7th. RBC Capital Markets set a $130.00 price target on shares of Ecolab and gave the company a “buy” rating in a research report on Saturday. Zacks Investment Research raised shares of Ecolab from a “sell” rating to a “hold” rating in a research report on Monday, January 9th. Jefferies Group LLC reissued a “hold” rating and issued a $125.00 price target on shares of Ecolab in a research report on Wednesday, November 9th. Finally, Nomura reissued a “sell” rating on shares of Ecolab in a research report on Tuesday, November 8th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and nine have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $127.07.
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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