Ecolab Inc. (ECL) Stake Held by CENTRAL TRUST Co

CENTRAL TRUST Co continued to hold its stake in Ecolab Inc. (NYSE:ECL) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,640 shares of the basic materials company’s stock at the end of the first quarter. CENTRAL TRUST Co’s holdings in Ecolab were worth $205,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in ECL. Rockland Trust Co. raised its stake in Ecolab by 3.3% in the third quarter. Rockland Trust Co. now owns 70,867 shares of the basic materials company’s stock worth $8,626,000 after buying an additional 2,236 shares during the period. CAM Group Holding A S raised its stake in Ecolab by 4.0% in the third quarter. CAM Group Holding A S now owns 3,138,655 shares of the basic materials company’s stock worth $382,038,000 after buying an additional 120,190 shares during the period. Artisan Partners Limited Partnership raised its stake in Ecolab by 43.3% in the fourth quarter. Artisan Partners Limited Partnership now owns 1,891,020 shares of the basic materials company’s stock worth $221,665,000 after buying an additional 571,677 shares during the period. Comgest Global Investors S.A.S. raised its stake in Ecolab by 0.5% in the fourth quarter. Comgest Global Investors S.A.S. now owns 119,800 shares of the basic materials company’s stock worth $14,043,000 after buying an additional 600 shares during the period. Finally, Great West Life Assurance Co. Can raised its stake in Ecolab by 0.9% in the third quarter. Great West Life Assurance Co. Can now owns 236,325 shares of the basic materials company’s stock worth $28,733,000 after buying an additional 2,036 shares during the period. Institutional investors own 75.09% of the company’s stock.

Institutional Ownership by Quarter for Ecolab (NYSE:ECL)

Ecolab Inc. (NYSE:ECL) traded up 0.60% on Monday, hitting $127.27. 822,849 shares of the company were exchanged. Ecolab Inc. has a 52-week low of $110.65 and a 52-week high of $129.85. The firm has a 50 day moving average of $126.04 and a 200-day moving average of $121.24. The stock has a market cap of $36.91 billion, a PE ratio of 30.07 and a beta of 0.90.

Ecolab (NYSE:ECL) last released its earnings results on Tuesday, May 2nd. The basic materials company reported $0.80 earnings per share for the quarter, missing the consensus estimate of $0.81 by $0.01. Ecolab had a net margin of 8.11% and a return on equity of 19.08%. The business had revenue of $3.17 billion for the quarter, compared to the consensus estimate of $3.16 billion. During the same quarter in the previous year, the firm earned $0.77 EPS. The firm’s revenue for the quarter was up 2.2% on a year-over-year basis. On average, equities analysts expect that Ecolab Inc. will post $4.78 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 17th. Shareholders of record on Tuesday, June 20th will be paid a dividend of $0.37 per share. The ex-dividend date is Friday, June 16th. This represents a $1.48 annualized dividend and a yield of 1.16%. Ecolab’s payout ratio is 41.11%.

WARNING: This report was originally posted by Community Financial News and is owned by of Community Financial News. If you are reading this report on another domain, it was illegally copied and republished in violation of United States & international trademark and copyright law. The original version of this report can be viewed at https://www.com-unik.info/2017/05/15/central-trust-co-holds-stake-in-ecolab-inc-ecl-updated-updated.html.

ECL has been the topic of a number of analyst reports. Nomura upgraded shares of Ecolab from a “reduce” rating to a “neutral” rating and raised their price objective for the company from $99.00 to $118.00 in a report on Monday, April 3rd. Zacks Investment Research upgraded shares of Ecolab from a “sell” rating to a “hold” rating in a report on Friday, February 24th. Edward Jones upgraded shares of Ecolab from a “hold” rating to a “buy” rating in a report on Wednesday, February 22nd. Longbow Research lowered shares of Ecolab from a “buy” rating to a “neutral” rating in a report on Wednesday, February 22nd. Finally, Instinet upgraded shares of Ecolab from a “reduce” rating to a “neutral” rating and raised their price objective for the company from $99.00 to $118.00 in a report on Monday, April 3rd. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $127.86.

In other news, Director Carl M. Casale purchased 5,000 shares of the stock in a transaction dated Friday, May 5th. The stock was acquired at an average price of $126.33 per share, for a total transaction of $631,650.00. Following the completion of the transaction, the director now owns 11,495 shares of the company’s stock, valued at $1,452,163.35. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Jerry W. Levin sold 748 shares of the company’s stock in a transaction dated Wednesday, March 8th. The stock was sold at an average price of $124.49, for a total transaction of $93,118.52. Following the transaction, the director now owns 32,521 shares of the company’s stock, valued at approximately $4,048,539.29. The disclosure for this sale can be found here. 1.50% of the stock is owned by insiders.

About Ecolab

Ecolab Inc provides water, hygiene and energy technologies and services. The Company’s cleaning and sanitizing programs and products, pest elimination services and equipment maintenance and repair services support customers in the foodservice, food and beverage processing, hospitality, healthcare, government and education, retail, textile care and commercial facilities management sectors in over 170 countries.

5 Day Chart for NYSE:ECL

What are top analysts saying about Ecolab Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Ecolab Inc. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit