Lincoln Capital LLC held its stake in Ecolab Inc. (NYSE:ECL) during the second quarter, according to its most recent disclosure with the SEC. The firm owned 7,433 shares of the basic materials company’s stock at the end of the second quarter. Lincoln Capital LLC’s holdings in Ecolab were worth $987,000 at the end of the most recent reporting period.
Several other hedge funds have also added to or reduced their stakes in ECL. Fulton Bank N.A. increased its stake in Ecolab by 33.2% in the second quarter. Fulton Bank N.A. now owns 3,396 shares of the basic materials company’s stock worth $450,000 after buying an additional 846 shares in the last quarter. Private Trust Co. NA increased its stake in shares of Ecolab by 1.6% in the second quarter. Private Trust Co. NA now owns 6,906 shares of the basic materials company’s stock valued at $916,000 after buying an additional 111 shares during the period. Atria Investments LLC increased its stake in shares of Ecolab by 4.1% in the second quarter. Atria Investments LLC now owns 3,863 shares of the basic materials company’s stock valued at $513,000 after buying an additional 153 shares during the period. Dynamic Advisors Solutions LLC increased its stake in shares of Ecolab by 0.7% in the second quarter. Dynamic Advisors Solutions LLC now owns 6,428 shares of the basic materials company’s stock valued at $853,000 after buying an additional 44 shares during the period. Finally, Perkins Coie Trust Co increased its stake in shares of Ecolab by 1.3% in the second quarter. Perkins Coie Trust Co now owns 8,510 shares of the basic materials company’s stock valued at $1,130,000 after buying an additional 109 shares during the period. 75.73% of the stock is currently owned by hedge funds and other institutional investors.
Ecolab Inc. (NYSE ECL) traded down 0.02% during midday trading on Friday, hitting $130.20. 319,379 shares of the stock traded hands. Ecolab Inc. has a 12 month low of $110.65 and a 12 month high of $134.89. The firm has a market cap of $37.68 billion, a PE ratio of 29.77 and a beta of 0.98. The company’s 50 day moving average price is $132.10 and its 200 day moving average price is $128.08.
Ecolab (NYSE:ECL) last announced its earnings results on Tuesday, August 1st. The basic materials company reported $1.13 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.12 by $0.01. The business had revenue of $3.46 billion during the quarter, compared to the consensus estimate of $3.40 billion. Ecolab had a return on equity of 18.93% and a net margin of 9.66%. The business’s quarterly revenue was up 4.4% on a year-over-year basis. During the same period in the prior year, the company posted $1.08 EPS. Equities research analysts predict that Ecolab Inc. will post $4.80 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Tuesday, September 19th will be paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 1.14%. The ex-dividend date of this dividend is Monday, September 18th. Ecolab’s payout ratio is 33.79%.
TRADEMARK VIOLATION NOTICE: This story was published by StockNewsTimes and is the sole property of of StockNewsTimes. If you are viewing this story on another domain, it was illegally copied and reposted in violation of United States and international copyright and trademark laws. The original version of this story can be accessed at https://stocknewstimes.com/2017/08/18/lincoln-capital-llc-holds-position-in-ecolab-inc-nyseecl-updated.html.
ECL has been the topic of several recent analyst reports. Canaccord Genuity increased their price objective on shares of Ecolab from $135.00 to $145.00 and gave the company a “buy” rating in a research report on Friday, July 28th. UBS AG reaffirmed a “buy” rating and set a $147.00 price target (up previously from $144.00) on shares of Ecolab in a report on Wednesday, August 2nd. Morgan Stanley started coverage on shares of Ecolab in a report on Tuesday. They set an “equal weight” rating and a $140.00 price target on the stock. Jefferies Group LLC reaffirmed a “hold” rating and set a $130.00 price target on shares of Ecolab in a report on Wednesday. Finally, Credit Suisse Group set a $128.00 price target on shares of Ecolab and gave the company a “hold” rating in a report on Thursday, August 3rd. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and eight have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $134.20.
In related news, SVP Bruno Lavandier sold 1,000 shares of the stock in a transaction on Tuesday, June 6th. The stock was sold at an average price of $133.52, for a total value of $133,520.00. Following the completion of the transaction, the senior vice president now directly owns 8,922 shares of the company’s stock, valued at approximately $1,191,265.44. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Michael A. Hickey sold 13,700 shares of the stock in a transaction on Tuesday, May 30th. The shares were sold at an average price of $131.30, for a total value of $1,798,810.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 37,851 shares of company stock valued at $5,012,802. Corporate insiders own 1.49% of the company’s stock.
About Ecolab
Ecolab Inc provides water, hygiene and energy technologies and services. The Company’s cleaning and sanitizing programs and products, pest elimination services and equipment maintenance and repair services support customers in the foodservice, food and beverage processing, hospitality, healthcare, government and education, retail, textile care and commercial facilities management sectors in over 170 countries.
Receive News & Ratings for Ecolab Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ecolab Inc. and related companies with MarketBeat.com's FREE daily email newsletter.
