Ecolab Inc. (NYSE:ECL) Holdings Cut by Godshalk Welsh Capital Management Inc.

Godshalk Welsh Capital Management Inc. cut its stake in shares of Ecolab Inc. (NYSE:ECLFree Report) by 7.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,170 shares of the basic materials company’s stock after selling 425 shares during the quarter. Godshalk Welsh Capital Management Inc.’s holdings in Ecolab were worth $1,025,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in ECL. Benjamin F. Edwards & Company Inc. grew its holdings in Ecolab by 2,805.1% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 38,492 shares of the basic materials company’s stock worth $7,635,000 after buying an additional 37,167 shares in the last quarter. Carnegie Capital Asset Management LLC grew its stake in shares of Ecolab by 1.9% in the fourth quarter. Carnegie Capital Asset Management LLC now owns 111,563 shares of the basic materials company’s stock worth $22,129,000 after purchasing an additional 2,051 shares in the last quarter. Prio Wealth Limited Partnership increased its holdings in shares of Ecolab by 526.2% during the fourth quarter. Prio Wealth Limited Partnership now owns 56,959 shares of the basic materials company’s stock valued at $11,298,000 after purchasing an additional 47,863 shares during the period. Cerity Partners LLC lifted its holdings in Ecolab by 12.5% in the fourth quarter. Cerity Partners LLC now owns 87,402 shares of the basic materials company’s stock worth $17,338,000 after purchasing an additional 9,695 shares during the period. Finally, Merit Financial Group LLC increased its stake in Ecolab by 29.8% during the 4th quarter. Merit Financial Group LLC now owns 1,863 shares of the basic materials company’s stock valued at $370,000 after buying an additional 428 shares during the period. 74.91% of the stock is currently owned by institutional investors and hedge funds.

Ecolab Stock Up 0.5 %

Shares of Ecolab stock traded up $1.18 on Friday, hitting $234.31. 541,756 shares of the company traded hands, compared to its average volume of 1,019,005. 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 Inc. has a 12-month low of $156.72 and a 12-month high of $236.00. The company has a 50-day moving average price of $227.29 and a 200 day moving average price of $210.43. The company has a market cap of $66.91 billion, a PE ratio of 43.39, a PEG ratio of 2.47 and a beta of 1.09.

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

Ecolab Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Tuesday, June 18th will be paid a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a yield of 0.97%. The ex-dividend date is Tuesday, June 18th. Ecolab’s dividend payout ratio (DPR) is presently 42.22%.

Insiders Place Their Bets

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

Analysts Set New Price Targets

Several research analysts have recently issued reports on ECL shares. Barclays upgraded shares of Ecolab from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $225.00 to $260.00 in a report on Wednesday, February 28th. Royal Bank of Canada reiterated an “outperform” rating and set a $260.00 price target on shares of Ecolab in a research report on Tuesday. Citigroup upped their price objective on Ecolab from $256.00 to $257.00 and gave the company a “neutral” rating in a report on Wednesday, May 1st. UBS Group lifted their target price on Ecolab from $269.00 to $270.00 and gave the stock a “buy” rating in a report on Tuesday. Finally, Piper Sandler initiated coverage on shares of Ecolab in a report on Wednesday, April 3rd. They issued an “overweight” rating and a $260.00 price target for the company. Eleven investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $239.56.

Check Out Our Latest Report on ECL

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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