Bath Savings Trust Co Has $12.61 Million Stake in Ecolab Inc. (NYSE:ECL)

Bath Savings Trust Co decreased its holdings in shares of Ecolab Inc. (NYSE:ECLFree Report) by 4.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 63,550 shares of the basic materials company’s stock after selling 2,995 shares during the quarter. Ecolab comprises approximately 1.4% of Bath Savings Trust Co’s investment portfolio, making the stock its 24th biggest holding. Bath Savings Trust Co’s holdings in Ecolab were worth $12,605,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Bank Julius Baer & Co. Ltd Zurich grew its position in shares of Ecolab by 2.7% during the 3rd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 189,675 shares of the basic materials company’s stock worth $32,131,000 after buying an additional 5,015 shares during the period. abrdn plc grew its holdings in Ecolab by 8.7% during the third quarter. abrdn plc now owns 890,418 shares of the basic materials company’s stock valued at $150,837,000 after purchasing an additional 71,206 shares during the period. Trexquant Investment LP acquired a new position in Ecolab during the third quarter valued at approximately $6,957,000. Orion Portfolio Solutions LLC grew its holdings in Ecolab by 3,371.1% during the second quarter. Orion Portfolio Solutions LLC now owns 86,499 shares of the basic materials company’s stock valued at $16,664,000 after purchasing an additional 84,007 shares during the period. Finally, Cary Street Partners Investment Advisory LLC grew its holdings in Ecolab by 4,721.3% during the third quarter. Cary Street Partners Investment Advisory LLC now owns 3,616 shares of the basic materials company’s stock valued at $613,000 after purchasing an additional 3,541 shares during the period. Institutional investors and hedge funds own 73.91% of the company’s stock.

Analyst Ratings Changes

ECL has been the topic of a number of research reports. JPMorgan Chase & Co. lowered shares of Ecolab from an “overweight” rating to a “neutral” rating and lifted their price target for the company from $200.00 to $220.00 in a research note on Wednesday, February 14th. Royal Bank of Canada reissued an “outperform” rating and issued a $238.00 price objective on shares of Ecolab in a research report on Wednesday, February 14th. Raymond James initiated coverage on shares of Ecolab in a research report on Thursday, November 30th. They issued an “outperform” rating and a $210.00 price objective on the stock. Stifel Nicolaus boosted their price objective on shares of Ecolab from $193.00 to $225.00 and gave the stock a “hold” rating in a research report on Wednesday, February 14th. Finally, Robert W. Baird boosted their price objective on shares of Ecolab from $184.00 to $232.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 14th. Twelve equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, Ecolab currently has an average rating of “Hold” and an average price target of $219.06.

Check Out Our Latest Analysis on ECL

Ecolab Stock Performance

NYSE ECL opened at $226.70 on Friday. The company has a market cap of $64.73 billion, a P/E ratio of 47.33, a P/E/G ratio of 2.64 and a beta of 1.10. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.95 and a current ratio of 1.30. The business’s 50 day moving average price is $210.08 and its 200-day moving average price is $190.80. Ecolab Inc. has a fifty-two week low of $153.87 and a fifty-two week high of $227.27.

Ecolab (NYSE:ECLGet Free Report) last issued its quarterly earnings data on Tuesday, February 13th. The basic materials company reported $1.55 earnings per share for the quarter, topping analysts’ consensus estimates of $1.54 by $0.01. Ecolab had a return on equity of 19.36% and a net margin of 8.96%. The firm had revenue of $3.94 billion during the quarter, compared to analysts’ expectations of $3.92 billion. During the same period in the prior year, the business posted $1.27 EPS. The firm’s quarterly revenue was up 7.3% on a year-over-year basis. Sell-side analysts predict that Ecolab Inc. will post 6.39 earnings per share for the current year.

Ecolab Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, April 15th. Stockholders of record on Tuesday, March 19th will be given a $0.57 dividend. The ex-dividend date is Monday, March 18th. This represents a $2.28 annualized dividend and a dividend yield of 1.01%. Ecolab’s dividend payout ratio (DPR) is presently 47.60%.

About Ecolab

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Ecolab (NYSE:ECL)

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