CSM Advisors LLC Takes Position in Ecolab Inc. (NYSE:ECL)

by · The Markets Daily

CSM Advisors LLC bought a new position in shares of Ecolab Inc. (NYSE:ECLFree Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 942 shares of the basic materials company’s stock, valued at approximately $222,000.

Other large investors have also recently bought and sold shares of the company. Creative Financial Designs Inc. ADV grew its stake in shares of Ecolab by 134.8% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 108 shares of the basic materials company’s stock worth $25,000 after purchasing an additional 62 shares during the period. Graney & King LLC purchased a new stake in Ecolab during the fourth quarter worth $26,000. Midwest Capital Advisors LLC acquired a new stake in Ecolab during the fourth quarter valued at $28,000. Millstone Evans Group LLC purchased a new position in Ecolab in the fourth quarter valued at $35,000. Finally, Kestra Investment Management LLC acquired a new position in shares of Ecolab in the fourth quarter worth about $39,000. Hedge funds and other institutional investors own 74.91% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. Piper Sandler lifted their price target on Ecolab from $270.00 to $310.00 and gave the company an “overweight” rating in a research note on Monday, February 24th. Stifel Nicolaus lifted their price target on shares of Ecolab from $285.00 to $307.00 and gave the company a “buy” rating in a research note on Wednesday, February 12th. Citigroup dropped their target price on shares of Ecolab from $305.00 to $275.00 and set a “buy” rating on the stock in a research report on Tuesday, April 8th. Morgan Stanley upgraded shares of Ecolab from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $263.00 to $280.00 in a research report on Tuesday, January 28th. Finally, Robert W. Baird set a $277.00 price objective on Ecolab in a report on Wednesday, April 2nd. Five equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Ecolab currently has a consensus rating of “Moderate Buy” and a consensus price target of $282.33.

Read Our Latest Research Report on ECL

Insider Activity

In related news, EVP Larry L. Berger sold 10,858 shares of the company’s stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $266.95, for a total transaction of $2,898,543.10. Following the sale, the executive vice president now directly owns 15,744 shares of the company’s stock, valued at $4,202,860.80. This represents a 40.82 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director David Maclennan purchased 400 shares of the firm’s stock in a transaction on Thursday, February 13th. The stock was acquired at an average cost of $264.51 per share, with a total value of $105,804.00. Following the transaction, the director now directly owns 18,767 shares in the company, valued at $4,964,059.17. This trade represents a 2.18 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders sold 17,435 shares of company stock valued at $4,637,985. 0.04% of the stock is currently owned by corporate insiders.

Ecolab Stock Up 2.3 %

Shares of ECL opened at $236.80 on Wednesday. Ecolab Inc. has a 52-week low of $218.19 and a 52-week high of $273.69. The company has a market capitalization of $67.17 billion, a PE ratio of 32.09, a price-to-earnings-growth ratio of 2.57 and a beta of 1.14. The stock has a fifty day simple moving average of $252.05 and a two-hundred day simple moving average of $248.35. The company has a quick ratio of 0.95, a current ratio of 1.26 and a debt-to-equity ratio of 0.79.

Ecolab (NYSE:ECLGet Free Report) last posted its earnings results on Tuesday, February 11th. The basic materials company reported $1.81 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.81. Ecolab had a return on equity of 22.50% and a net margin of 13.42%. As a group, equities analysts forecast that Ecolab Inc. will post 7.54 EPS for the current year.

Ecolab Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Tuesday, March 18th were paid a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a yield of 1.10%. The ex-dividend date was Tuesday, March 18th. Ecolab’s dividend payout ratio (DPR) is 35.23%.

Ecolab Company Profile

(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.

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