Robecosam AG raised its holdings in shares of Ecolab Inc. (NYSE:ECL) by 155.8% during the fourth quarter, HoldingsChannel.com reports. The firm owned 145,671 shares of the basic materials company’s stock after acquiring an additional 88,715 shares during the quarter. Ecolab makes up 1.3% of Robecosam AG’s portfolio, making the stock its 20th biggest position. Robecosam AG’s holdings in Ecolab were worth $19,597,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also added to or reduced their stakes in the business. BlackRock Inc. lifted its position in Ecolab by 1.5% during the 4th quarter. BlackRock Inc. now owns 15,713,077 shares of the basic materials company’s stock valued at $2,108,380,000 after purchasing an additional 226,031 shares during the period. Clearbridge Investments LLC lifted its position in Ecolab by 3.7% during the 4th quarter. Clearbridge Investments LLC now owns 5,745,837 shares of the basic materials company’s stock valued at $770,976,000 after purchasing an additional 207,345 shares during the period. C WorldWide Group Holding A S lifted its position in Ecolab by 1.9% during the 4th quarter. C WorldWide Group Holding A S now owns 3,842,375 shares of the basic materials company’s stock valued at $515,570,000 after purchasing an additional 73,309 shares during the period. Edgewood Management LLC lifted its position in Ecolab by 0.9% during the 3rd quarter. Edgewood Management LLC now owns 3,503,447 shares of the basic materials company’s stock valued at $450,578,000 after purchasing an additional 30,773 shares during the period. Finally, Wells Fargo & Company MN lifted its position in Ecolab by 1.2% during the 4th quarter. Wells Fargo & Company MN now owns 2,796,556 shares of the basic materials company’s stock valued at $375,243,000 after purchasing an additional 34,370 shares during the period. Institutional investors own 78.34% of the company’s stock.
A number of analysts have recently commented on ECL shares. Royal Bank of Canada reaffirmed a “buy” rating on shares of Ecolab in a research note on Friday, January 19th. Citigroup upped their price target on Ecolab from $140.00 to $144.00 and gave the company a “neutral” rating in a research note on Thursday, February 22nd. Zacks Investment Research raised Ecolab from a “hold” rating to a “buy” rating and set a $155.00 price target for the company in a research note on Monday, January 29th. Argus reaffirmed a “buy” rating and issued a $150.00 price target on shares of Ecolab in a research note on Thursday, February 22nd. Finally, Stifel Nicolaus upped their price target on Ecolab from $140.00 to $153.00 and gave the company a “hold” rating in a research note on Wednesday, January 24th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have given a buy rating to the company. Ecolab presently has a consensus rating of “Hold” and an average price target of $140.88.
Shares of Ecolab Inc. (ECL) opened at $134.91 on Monday. Ecolab Inc. has a 52 week low of $122.58 and a 52 week high of $140.50. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.92 and a current ratio of 1.34. The stock has a market capitalization of $38,969.89, a P/E ratio of 28.76, a P/E/G ratio of 2.01 and a beta of 1.07.
Ecolab (NYSE:ECL) last posted its earnings results on Tuesday, February 20th. The basic materials company reported $1.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.40 by ($0.01). Ecolab had a return on equity of 19.10% and a net margin of 10.90%. The business had revenue of $3.65 billion for the quarter, compared to the consensus estimate of $3.60 billion. During the same period in the previous year, the company posted $1.25 earnings per share. Ecolab’s revenue for the quarter was up 8.9% compared to the same quarter last year. analysts anticipate that Ecolab Inc. will post 5.35 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, April 16th. Investors of record on Tuesday, March 20th will be paid a dividend of $0.41 per share. The ex-dividend date of this dividend is Monday, March 19th. This represents a $1.64 dividend on an annualized basis and a yield of 1.22%. Ecolab’s payout ratio is 31.91%.
COPYRIGHT VIOLATION WARNING: “Robecosam AG Grows Holdings in Ecolab Inc. (ECL)” was originally reported by Markets Daily and is the sole property of of Markets Daily. If you are reading this article on another site, it was copied illegally and republished in violation of international trademark & copyright law. The original version of this article can be accessed at https://www.themarketsdaily.com/2018/03/12/robecosam-ag-grows-holdings-in-ecolab-inc-ecl.html.
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.
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: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.