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

FAS Wealth Partners Inc. lifted its stake in shares of Ecolab Inc. (NYSE:ECLFree Report) by 6.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,686 shares of the basic materials company’s stock after acquiring an additional 103 shares during the quarter. FAS Wealth Partners Inc.’s holdings in Ecolab were worth $335,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. OFI Invest Asset Management purchased a new stake in shares of Ecolab during the third quarter worth $25,000. Cornerstone Planning Group LLC purchased a new stake in shares of Ecolab during the second quarter worth $25,000. Live Oak Investment Partners purchased a new stake in shares of Ecolab during the fourth quarter worth $26,000. DHJJ Financial Advisors Ltd. purchased a new position in Ecolab in the third quarter valued at $27,000. Finally, Robbins Farley purchased a new position in Ecolab in the third quarter valued at $27,000. Hedge funds and other institutional investors own 74.91% of the company’s stock.

Ecolab Price Performance

Shares of ECL opened at $227.49 on Wednesday. Ecolab Inc. has a fifty-two week low of $156.72 and a fifty-two week high of $231.86. The company has a market capitalization 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 firm has a 50-day simple moving average of $216.80 and a 200-day simple moving average of $194.50. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.95 and a current ratio of 1.30.

Ecolab (NYSE:ECLGet Free Report) last announced its quarterly earnings data on Tuesday, February 13th. The basic materials company reported $1.55 EPS for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $3.92 billion. During the same quarter last year, the firm earned $1.27 earnings per share. The firm’s revenue was up 7.3% compared to the same quarter last year. On average, equities research analysts anticipate that Ecolab Inc. will post 6.43 earnings per share for the current year.

Ecolab Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several research firms recently commented on ECL. JPMorgan Chase & Co. lowered Ecolab from an “overweight” rating to a “neutral” rating and increased their target price for the company from $200.00 to $220.00 in a report on Wednesday, February 14th. Royal Bank of Canada reissued an “outperform” rating and issued a $238.00 target price on shares of Ecolab in a report on Wednesday, February 14th. Stifel Nicolaus increased their target price on Ecolab from $193.00 to $225.00 and gave the company a “hold” rating in a report on Wednesday, February 14th. BMO Capital Markets increased their target price on Ecolab from $212.00 to $227.00 and gave the company a “market perform” rating in a report on Wednesday, February 14th. Finally, Wolfe Research began coverage on Ecolab in a report on Friday, March 1st. They issued a “peer perform” rating on the stock. Twelve investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $222.19.

View Our Latest Stock Analysis on ECL

Ecolab Company 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.

See Also

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:ECLFree Report).

Institutional Ownership by Quarter for Ecolab (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.