FAS Wealth Partners Inc. Grows Holdings in Ecolab Inc. (NYSE:ECL)

FAS Wealth Partners Inc. raised its stake in Ecolab Inc. (NYSE:ECLFree Report) by 6.5% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 1,686 shares of the basic materials company’s stock after purchasing an additional 103 shares during the period. FAS Wealth Partners Inc.’s holdings in Ecolab were worth $335,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Drive Wealth Management LLC bought a new stake in shares of Ecolab in the 4th quarter worth about $211,000. Prio Wealth Limited Partnership increased its position in shares of Ecolab by 526.2% in the 4th quarter. Prio Wealth Limited Partnership now owns 56,959 shares of the basic materials company’s stock worth $11,298,000 after purchasing an additional 47,863 shares during the last quarter. Pine Haven Investment Counsel Inc increased its position in shares of Ecolab by 2.9% in the 4th quarter. Pine Haven Investment Counsel Inc now owns 2,796 shares of the basic materials company’s stock worth $555,000 after purchasing an additional 79 shares during the last quarter. SNS Financial Group LLC increased its position in shares of Ecolab by 8.4% in the 4th quarter. SNS Financial Group LLC now owns 3,567 shares of the basic materials company’s stock worth $710,000 after purchasing an additional 276 shares during the last quarter. Finally, Essex Savings Bank increased its position in shares of Ecolab by 2.8% in the 4th quarter. Essex Savings Bank now owns 3,262 shares of the basic materials company’s stock worth $647,000 after purchasing an additional 89 shares during the last quarter. Institutional investors own 74.91% of the company’s stock.

Ecolab Price Performance

NYSE ECL opened at $227.49 on Wednesday. Ecolab Inc. has a 52 week low of $156.72 and a 52 week high of $231.86. The company has a current ratio of 1.30, a quick ratio of 0.95 and a debt-to-equity ratio of 0.94. The stock has a market cap of $65.04 billion, a price-to-earnings ratio of 47.49, a price-to-earnings-growth ratio of 2.66 and a beta of 1.10. The company has a 50-day moving average price of $216.80 and a two-hundred day moving average price of $194.50.

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

Ecolab Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 15th. Stockholders of record on Tuesday, March 19th will be issued a $0.57 dividend. This represents a $2.28 annualized dividend and a dividend yield of 1.00%. The ex-dividend date of this dividend is Monday, March 18th. Ecolab’s dividend payout ratio (DPR) is presently 47.60%.

Analyst Upgrades and Downgrades

ECL has been the subject of several research analyst reports. Seaport Res Ptn downgraded shares of Ecolab from a “buy” rating to a “neutral” rating in a research report on Monday, January 8th. BMO Capital Markets increased their price objective on shares of Ecolab from $212.00 to $227.00 and gave the stock a “market perform” rating in a research note on Wednesday, February 14th. Barclays upgraded shares of Ecolab from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $225.00 to $260.00 in a research note on Wednesday, February 28th. 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 note on Wednesday, February 14th. Finally, Bank of America upgraded 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 note on Tuesday, January 16th. Twelve research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, Ecolab currently has a consensus rating of “Hold” and a consensus target price of $222.19.

Get Our Latest Report on Ecolab

About Ecolab

(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.

See Also

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Institutional Ownership by Quarter for Ecolab (NYSE:ECL)

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