Pennsylvania Trust Co Has $5.25 Million Stake in Ecolab Inc. (ECL)

Pennsylvania Trust Co boosted its stake in Ecolab Inc. (NYSE:ECL) by 10.7% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 39,548 shares of the basic materials company’s stock after buying an additional 3,829 shares during the period. Pennsylvania Trust Co’s holdings in Ecolab were worth $5,250,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. FUKOKU MUTUAL LIFE INSURANCE Co boosted its position in Ecolab by 60.0% in the first quarter. FUKOKU MUTUAL LIFE INSURANCE Co now owns 800 shares of the basic materials company’s stock valued at $100,000 after buying an additional 300 shares in the last quarter. JNBA Financial Advisors boosted its position in Ecolab by 2.5% in the first quarter. JNBA Financial Advisors now owns 871 shares of the basic materials company’s stock valued at $109,000 after buying an additional 21 shares in the last quarter. Harfst & Associates Inc. purchased a new position in Ecolab during the first quarter valued at about $117,000. Guardian Life Insurance Co. of America boosted its position in Ecolab by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 1,012 shares of the basic materials company’s stock valued at $127,000 after buying an additional 7 shares in the last quarter. Finally, State of Alaska Department of Revenue purchased a new position in Ecolab during the first quarter valued at about $134,000. 75.73% of the stock is owned by hedge funds and other institutional investors.

Shares of Ecolab Inc. (NYSE:ECL) opened at 130.11 on Friday. Ecolab Inc. has a 52-week low of $110.65 and a 52-week high of $134.89. The stock has a 50 day moving average of $132.07 and a 200 day moving average of $128.14. The firm has a market capitalization of $37.65 billion, a price-to-earnings ratio of 29.75 and a beta of 0.98.

Ecolab (NYSE:ECL) last released its earnings results on Tuesday, August 1st. The basic materials company reported $1.13 earnings per share for the quarter, topping the consensus estimate of $1.12 by $0.01. The business had revenue of $3.46 billion for the quarter, compared to the consensus estimate of $3.40 billion. Ecolab had a net margin of 9.66% and a return on equity of 18.93%. The firm’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same period last year, the firm posted $1.08 earnings per share. On average, analysts predict that Ecolab Inc. will post $4.80 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Tuesday, September 19th will be given a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 1.14%. The ex-dividend date is Monday, September 18th. Ecolab’s dividend payout ratio (DPR) is currently 33.79%.

ILLEGAL ACTIVITY WARNING: “Pennsylvania Trust Co Has $5.25 Million Stake in Ecolab Inc. (ECL)” was first published by Community Financial News and is the property of of Community Financial News. If you are viewing this piece of content on another site, it was illegally stolen and reposted in violation of US & international trademark and copyright laws. The legal version of this piece of content can be viewed at https://www.com-unik.info/2017/08/19/pennsylvania-trust-co-boosts-stake-in-ecolab-inc-ecl-updated.html.

ECL has been the subject of several analyst reports. Canaccord Genuity increased their price target on shares of Ecolab from $135.00 to $145.00 and gave the stock a “buy” rating in a report on Friday, July 28th. UBS AG reissued a “buy” rating and set a $147.00 price target (up from $144.00) on shares of Ecolab in a report on Wednesday, August 2nd. Morgan Stanley initiated coverage on shares of Ecolab in a report on Tuesday. They set an “equal weight” rating and a $140.00 price target for the company. Jefferies Group LLC reissued a “hold” rating and set a $130.00 price target on shares of Ecolab in a report on Wednesday. Finally, Credit Suisse Group set a $128.00 price target on shares of Ecolab and gave the stock a “hold” rating in a report on Thursday, August 3rd. One research analyst has rated the stock with a sell rating, nine have given a hold rating and eight have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $134.20.

In other news, SVP Bruno Lavandier sold 1,000 shares of Ecolab stock in a transaction that occurred on Tuesday, June 6th. The shares were sold at an average price of $133.52, for a total value of $133,520.00. Following the transaction, the senior vice president now directly owns 8,922 shares of the company’s stock, valued at $1,191,265.44. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Michael A. Hickey sold 13,700 shares of Ecolab stock in a transaction that occurred on Tuesday, May 30th. The stock was sold at an average price of $131.30, for a total transaction of $1,798,810.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 37,851 shares of company stock worth $5,012,802. 1.49% of the stock is currently 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.

Institutional Ownership by Quarter for Ecolab (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