Ecolab Inc. (ECL) SVP Sells $544,128.63 in Stock

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Ecolab Inc. (NYSE:ECL) SVP Bruno Lavandier sold 2,969 shares of the business’s stock in a transaction that occurred on Thursday, May 2nd. The stock was sold at an average price of $183.27, for a total transaction of $544,128.63. Following the sale, the senior vice president now owns 7,732 shares of the company’s stock, valued at $1,417,043.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shares of ECL stock traded up $0.68 on Friday, hitting $185.00. The stock had a trading volume of 777,639 shares, compared to its average volume of 1,022,465. The company has a market capitalization of $53.12 billion, a PE ratio of 35.24, a price-to-earnings-growth ratio of 2.51 and a beta of 0.89. The company has a current ratio of 1.14, a quick ratio of 0.85 and a debt-to-equity ratio of 0.73. Ecolab Inc. has a 52-week low of $135.77 and a 52-week high of $186.34.

Ecolab (NYSE:ECL) last posted its quarterly earnings results on Tuesday, April 30th. The basic materials company reported $1.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.02 by $0.01. The firm had revenue of $3.51 billion for the quarter, compared to analysts’ expectations of $3.57 billion. Ecolab had a net margin of 10.06% and a return on equity of 19.50%. The firm’s quarterly revenue was up 1.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.91 earnings per share. Equities research analysts predict that Ecolab Inc. will post 5.9 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Tuesday, June 18th will be issued a $0.46 dividend. The ex-dividend date is Monday, June 17th. This represents a $1.84 annualized dividend and a yield of 0.99%. Ecolab’s dividend payout ratio is presently 35.05%.

Several research firms have issued reports on ECL. Zacks Investment Research downgraded shares of Ecolab from a “hold” rating to a “sell” rating in a research note on Wednesday, April 24th. Canaccord Genuity boosted their price objective on shares of Ecolab from $186.00 to $198.00 and gave the stock a “buy” rating in a research note on Wednesday. Argus boosted their price objective on shares of Ecolab from $180.00 to $200.00 and gave the stock a “buy” rating in a research note on Wednesday. Nomura decreased their price objective on shares of Ecolab from $210.00 to $208.00 and set a “buy” rating for the company in a research note on Thursday. Finally, BMO Capital Markets boosted their price objective on shares of Ecolab from $169.00 to $180.00 and gave the stock a “market perform” rating in a research note on Thursday. Eleven research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Ecolab has an average rating of “Hold” and a consensus target price of $178.27.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Tributary Capital Management LLC acquired a new stake in Ecolab in the fourth quarter valued at $25,000. Athena Capital Advisors LLC acquired a new stake in Ecolab in the fourth quarter valued at $25,000. Liberty Wealth Management LLC acquired a new stake in Ecolab in the fourth quarter valued at $27,000. Oregon Public Employees Retirement Fund raised its holdings in Ecolab by 14,455.4% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 4,084,837 shares of the basic materials company’s stock valued at $28,000 after acquiring an additional 4,056,773 shares in the last quarter. Finally, Ruggie Capital Group acquired a new stake in Ecolab in the fourth quarter valued at $30,000. 76.28% of the stock is currently owned by hedge funds and other institutional investors.

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About Ecolab

Ecolab Inc provides water, hygiene, and energy technologies and services worldwide. The company operates through Global Industrial, Global Institutional, Global Energy, and Other segments. The Global Industrial segment offers water treatment and process applications, and cleaning and sanitizing solutions primarily to industrial customers within the manufacturing, food and beverage processing, transportation, chemical, primary metals and mining, power generation, pulp and paper, pharmaceutical, and commercial laundry.

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