Childress Capital Advisors LLC Acquires New Shares in Ecolab Inc. (NYSE:ECL)

Childress Capital Advisors LLC acquired a new stake in Ecolab Inc. (NYSE:ECL) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 279 shares of the basic materials company’s stock, valued at approximately $60,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. HM Payson & Co. increased its stake in Ecolab by 0.8% in the 3rd quarter. HM Payson & Co. now owns 6,406 shares of the basic materials company’s stock valued at $1,280,000 after purchasing an additional 50 shares in the last quarter. Crawford Investment Counsel Inc. increased its position in Ecolab by 2.1% during the fourth quarter. Crawford Investment Counsel Inc. now owns 2,396 shares of the basic materials company’s stock worth $518,000 after buying an additional 50 shares in the last quarter. Mutual Advisors LLC increased its position in Ecolab by 4.5% during the fourth quarter. Mutual Advisors LLC now owns 1,157 shares of the basic materials company’s stock worth $250,000 after buying an additional 50 shares in the last quarter. Bigelow Investment Advisors LLC increased its position in Ecolab by 1.2% during the fourth quarter. Bigelow Investment Advisors LLC now owns 4,417 shares of the basic materials company’s stock worth $956,000 after buying an additional 51 shares in the last quarter. Finally, HCR Wealth Advisors increased its position in Ecolab by 0.7% during the fourth quarter. HCR Wealth Advisors now owns 8,195 shares of the basic materials company’s stock worth $1,773,000 after buying an additional 60 shares in the last quarter. 73.58% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE ECL opened at $214.66 on Thursday. Ecolab Inc. has a 1 year low of $158.42 and a 1 year high of $231.36. The firm has a market cap of $61.41 billion, a price-to-earnings ratio of -58.17, a PEG ratio of 3.91 and a beta of 1.01. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.19 and a current ratio of 1.61. The stock’s 50-day simple moving average is $211.65 and its 200-day simple moving average is $210.46.

Ecolab (NYSE:ECL) last announced its earnings results on Tuesday, February 16th. The basic materials company reported $1.23 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.25 by ($0.02). Ecolab had a positive return on equity of 18.14% and a negative net margin of 8.21%. The business had revenue of $3.07 billion for the quarter, compared to analysts’ expectations of $3.10 billion. During the same period in the previous year, the firm posted $1.66 earnings per share. As a group, research analysts predict that Ecolab Inc. will post 4.03 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 15th. Stockholders of record on Tuesday, March 16th will be given a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 0.89%. The ex-dividend date of this dividend is Monday, March 15th. Ecolab’s payout ratio is 32.99%.

Several research firms have weighed in on ECL. Gabelli raised Ecolab from a “hold” rating to a “buy” rating in a research report on Friday, January 15th. G.Research raised Ecolab from a “hold” rating to a “buy” rating in a research report on Friday, January 15th. Deutsche Bank Aktiengesellschaft raised Ecolab from a “hold” rating to a “buy” rating and raised their price target for the stock from $225.00 to $250.00 in a research report on Monday, March 29th. Argus lifted their price objective on Ecolab from $215.00 to $250.00 and gave the company a “buy” rating in a research report on Thursday, January 7th. Finally, Zacks Investment Research downgraded Ecolab from a “buy” rating to a “hold” rating and set a $221.00 price objective for the company. in a research report on Wednesday, February 17th. Ten equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company has an average rating of “Hold” and an average target price of $212.62.

In related news, EVP Jill S. Wyant sold 2,613 shares of the business’s stock in a transaction dated Tuesday, March 9th. The stock was sold at an average price of $214.54, for a total value of $560,593.02. Following the completion of the sale, the executive vice president now directly owns 10,123 shares of the company’s stock, valued at $2,171,788.42. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 1.22% of the stock is currently owned by insiders.

Ecolab Company Profile

Ecolab Inc provides water, hygiene, and infection prevention solutions and services worldwide. Its 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, and petrochemical industries.

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Institutional Ownership by Quarter for Ecolab (NYSE:ECL)

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