Essex Savings Bank Acquires 89 Shares of Ecolab Inc. (NYSE:ECL)

Essex Savings Bank increased its holdings in shares of Ecolab Inc. (NYSE:ECLFree Report) by 2.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,262 shares of the basic materials company’s stock after buying an additional 89 shares during the period. Essex Savings Bank’s holdings in Ecolab were worth $647,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. AEGON ASSET MANAGEMENT UK Plc bought a new stake in Ecolab in the fourth quarter valued at approximately $35,040,000. Vest Financial LLC increased its stake in Ecolab by 39.6% in the fourth quarter. Vest Financial LLC now owns 167,017 shares of the basic materials company’s stock valued at $33,128,000 after purchasing an additional 47,351 shares in the last quarter. First PREMIER Bank bought a new stake in Ecolab in the fourth quarter valued at approximately $2,836,000. Bank Julius Baer & Co. Ltd Zurich increased its stake in Ecolab by 2.7% in the third quarter. Bank Julius Baer & Co. Ltd Zurich now owns 189,675 shares of the basic materials company’s stock valued at $32,131,000 after purchasing an additional 5,015 shares in the last quarter. Finally, abrdn plc increased its stake in Ecolab by 8.7% in 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 in the last quarter. 74.91% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Wells Fargo & Company increased their price objective on shares of Ecolab from $240.00 to $250.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 14th. Citigroup increased their price objective on shares of Ecolab from $220.00 to $237.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 14th. Mizuho increased their price objective on shares of Ecolab from $210.00 to $216.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 14th. Bank of America raised shares of Ecolab from an “underperform” rating to a “neutral” rating and increased their price objective for the stock from $185.00 to $216.00 in a research report on Tuesday, January 16th. Finally, Robert W. Baird increased 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 analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, Ecolab presently has a consensus rating of “Hold” and a consensus price target of $222.19.

Read Our Latest Analysis on Ecolab

Ecolab Stock Performance

ECL stock traded down $0.31 during trading hours on Tuesday, reaching $227.62. The stock had a trading volume of 174,011 shares, compared to its average volume of 1,210,526. The stock has a market capitalization of $65.08 billion, a PE ratio of 47.58, a price-to-earnings-growth ratio of 2.69 and a beta of 1.10. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.30 and a quick ratio of 0.95. The stock has a 50-day simple moving average of $216.80 and a 200 day simple moving average of $194.50. Ecolab Inc. has a fifty-two week low of $156.72 and a fifty-two week high of $231.86.

Ecolab (NYSE:ECLGet Free Report) last announced its quarterly earnings results on Tuesday, February 13th. The basic materials company reported $1.55 EPS for the quarter, beating analysts’ consensus estimates of $1.54 by $0.01. The firm had revenue of $3.94 billion during the quarter, compared to analysts’ expectations of $3.92 billion. Ecolab had a net margin of 8.96% and a return on equity of 19.36%. The company’s revenue for the quarter was up 7.3% compared to the same quarter last year. During the same quarter last year, the company posted $1.27 earnings per share. Analysts predict that Ecolab Inc. will post 6.43 EPS for the current fiscal year.

Ecolab Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, April 15th. Shareholders of record on Tuesday, March 19th will be paid a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a yield of 1.00%. The ex-dividend date is Monday, March 18th. Ecolab’s dividend payout ratio is currently 47.60%.

Ecolab Profile

(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.

Featured Stories

Want to see what other hedge funds are holding ECL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ecolab Inc. (NYSE:ECLFree Report).

Institutional Ownership by Quarter for Ecolab (NYSE:ECL)

Receive News & Ratings for Ecolab Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ecolab and related companies with MarketBeat.com's FREE daily email newsletter.