Stephens Inc. AR Purchases 532 Shares of Ecolab Inc. (NYSE:ECL)

Stephens Inc. AR raised its position in Ecolab Inc. (NYSE:ECLFree Report) by 14.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 4,123 shares of the basic materials company’s stock after buying an additional 532 shares during the period. Stephens Inc. AR’s holdings in Ecolab were worth $818,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. First Personal Financial Services bought a new position in Ecolab in the 4th quarter valued at $26,000. Hexagon Capital Partners LLC boosted its position in shares of Ecolab by 150.0% in the 4th quarter. Hexagon Capital Partners LLC now owns 135 shares of the basic materials company’s stock worth $27,000 after purchasing an additional 81 shares during the last quarter. Motco bought a new position in shares of Ecolab in the 4th quarter worth $28,000. Fortitude Family Office LLC bought a new position in shares of Ecolab in the 4th quarter worth $29,000. Finally, DSM Capital Partners LLC bought a new position in shares of Ecolab in the 4th quarter worth $37,000. 74.91% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Director Arthur J. Higgins sold 4,500 shares of the firm’s stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $227.52, for a total value of $1,023,840.00. Following the completion of the transaction, the director now owns 25,548 shares in the company, valued at approximately $5,812,680.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Ecolab news, Director David Maclennan purchased 650 shares of Ecolab stock in a transaction that occurred on Friday, May 3rd. The stock was acquired at an average price of $227.37 per share, for a total transaction of $147,790.50. Following the completion of the acquisition, the director now owns 17,111 shares of the company’s stock, valued at approximately $3,890,528.07. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Arthur J. Higgins sold 4,500 shares of Ecolab stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $227.52, for a total value of $1,023,840.00. Following the transaction, the director now owns 25,548 shares of the company’s stock, valued at approximately $5,812,680.96. The disclosure for this sale can be found here. 0.50% of the stock is owned by corporate insiders.

Ecolab Stock Performance

ECL opened at $238.77 on Tuesday. The business’s 50-day moving average price is $228.45 and its two-hundred day moving average price is $214.63. Ecolab Inc. has a 1 year low of $156.72 and a 1 year high of $240.61. The company has a market capitalization of $68.19 billion, a price-to-earnings ratio of 44.22, a P/E/G ratio of 2.53 and a beta of 1.12. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.41 and a quick ratio of 0.99.

Ecolab (NYSE:ECLGet Free Report) last announced its quarterly earnings data on Tuesday, April 30th. The basic materials company reported $1.34 earnings per share for the quarter, beating the consensus estimate of $1.33 by $0.01. The company had revenue of $3.75 billion during the quarter, compared to analysts’ expectations of $3.74 billion. Ecolab had a return on equity of 20.56% and a net margin of 10.01%. Ecolab’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.88 EPS. Equities analysts expect that Ecolab Inc. will post 6.59 EPS for the current fiscal year.

Ecolab Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Tuesday, June 18th will be issued a $0.57 dividend. This represents a $2.28 annualized dividend and a dividend yield of 0.95%. The ex-dividend date of this dividend is Tuesday, June 18th. Ecolab’s payout ratio is 42.22%.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on ECL. Piper Sandler began coverage on Ecolab in a research report on Wednesday, April 3rd. They issued an “overweight” rating and a $260.00 price target on the stock. Robert W. Baird raised their price target on Ecolab from $232.00 to $243.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 1st. Citigroup raised their price objective on Ecolab from $256.00 to $257.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 1st. Wells Fargo & Company raised their price objective on Ecolab from $240.00 to $250.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 14th. Finally, BMO Capital Markets raised their price objective on Ecolab from $227.00 to $234.00 and gave the stock a “market perform” rating in a research note on Wednesday, May 1st. Eleven research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $239.56.

Read Our Latest Research Report on ECL

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.

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Institutional Ownership by Quarter for Ecolab (NYSE:ECL)

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