Foundations Investment Advisors LLC Purchases 151 Shares of Ecolab Inc. (NYSE:ECL)

Foundations Investment Advisors LLC raised its position in Ecolab Inc. (NYSE:ECLFree Report) by 10.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,618 shares of the basic materials company’s stock after purchasing an additional 151 shares during the quarter. Foundations Investment Advisors LLC’s holdings in Ecolab were worth $324,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in ECL. First Personal Financial Services bought a new stake in Ecolab during the 4th quarter valued at about $26,000. Hexagon Capital Partners LLC raised its stake in shares of Ecolab by 150.0% during the fourth quarter. Hexagon Capital Partners LLC now owns 135 shares of the basic materials company’s stock valued at $27,000 after acquiring an additional 81 shares in the last quarter. Fortitude Family Office LLC bought a new position in Ecolab in the fourth quarter worth approximately $29,000. Operose Advisors LLC bought a new position in Ecolab in the third quarter worth approximately $36,000. Finally, Catalyst Capital Advisors LLC bought a new stake in Ecolab during the 3rd quarter valued at $40,000. Institutional investors own 74.91% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Citigroup increased their price target on Ecolab from $256.00 to $257.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 1st. BMO Capital Markets upped their price target on shares of Ecolab from $227.00 to $234.00 and gave the stock a “market perform” rating in a research report on Wednesday, May 1st. Wells Fargo & Company lifted their price objective on shares of Ecolab from $240.00 to $250.00 and gave the company an “overweight” rating in a report on Wednesday, February 14th. JPMorgan Chase & Co. upped their target price on Ecolab from $220.00 to $225.00 and gave the stock a “neutral” rating in a report on Wednesday, May 1st. Finally, Royal Bank of Canada lifted their price target on Ecolab from $238.00 to $260.00 and gave the company an “outperform” rating in a report on Wednesday, May 1st. Eleven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $236.88.

View Our Latest Report on ECL

Ecolab Trading Up 0.4 %

Ecolab stock opened at $233.66 on Friday. The stock has a 50-day moving average price of $226.36 and a 200 day moving average price of $208.27. Ecolab Inc. has a 52 week low of $156.72 and a 52 week high of $234.68. The company has a market capitalization of $66.73 billion, a price-to-earnings ratio of 43.27, a price-to-earnings-growth ratio of 2.62 and a beta of 1.09. The company has a quick ratio of 0.99, a current ratio of 1.41 and a debt-to-equity ratio of 0.92.

Ecolab (NYSE:ECLGet Free Report) last issued its quarterly earnings data on Tuesday, April 30th. The basic materials company reported $1.34 earnings per share for the quarter, topping analysts’ consensus estimates of $1.33 by $0.01. Ecolab had a net margin of 10.01% and a return on equity of 20.56%. The business had revenue of $3.75 billion during the quarter, compared to the consensus estimate of $3.74 billion. During the same quarter in the prior year, the firm posted $0.88 earnings per share. The company’s revenue was up 5.0% compared to the same quarter last year. Sell-side analysts anticipate that Ecolab Inc. will post 6.59 EPS for the current year.

Ecolab Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Tuesday, June 18th will be given a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a dividend yield of 0.98%. The ex-dividend date is Tuesday, June 18th. Ecolab’s dividend payout ratio (DPR) is presently 42.22%.

Insider Transactions at Ecolab

In related news, Director David Maclennan purchased 650 shares of the business’s stock in a transaction that occurred on Friday, May 3rd. The stock was bought at an average price of $227.37 per share, with a total value of $147,790.50. Following the acquisition, the director now owns 17,111 shares in the company, valued at $3,890,528.07. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director Arthur J. Higgins sold 4,500 shares of the firm’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $227.52, for a total value of $1,023,840.00. Following the transaction, the director now owns 25,548 shares in the company, valued at $5,812,680.96. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director David Maclennan purchased 650 shares of the company’s stock in a transaction that occurred on Friday, May 3rd. The shares were purchased at an average price of $227.37 per share, with a total value of $147,790.50. Following the completion of the transaction, the director now directly owns 17,111 shares of the company’s stock, valued at approximately $3,890,528.07. The disclosure for this purchase can be found here. Corporate insiders own 0.04% of the company’s stock.

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

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.