Stanley Laman Group Ltd. Grows Position in Ecolab Inc. (NYSE:ECL)
Stanley Laman Group Ltd. raised its position in Ecolab Inc. (NYSE:ECL) by 17.9% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,364 shares of the basic materials company’s stock after purchasing an additional 815 shares during the quarter. Stanley Laman Group Ltd.’s holdings in Ecolab were worth $753,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Squar Milner Financial Services LLC acquired a new position in Ecolab during the second quarter worth about $126,000. Signaturefd LLC acquired a new stake in shares of Ecolab in the first quarter valued at approximately $131,000. LeJeune Puetz Investment Counsel LLC acquired a new stake in shares of Ecolab in the second quarter valued at approximately $154,000. Summit Trail Advisors LLC grew its position in shares of Ecolab by 14,388.0% in the first quarter. Summit Trail Advisors LLC now owns 162,411 shares of the basic materials company’s stock valued at $162,000 after purchasing an additional 161,290 shares during the last quarter. Finally, Bingham Osborn & Scarborough LLC acquired a new stake in shares of Ecolab in the second quarter valued at approximately $204,000. 76.42% of the stock is currently owned by institutional investors.
In related news, Director Victoria Reich sold 6,700 shares of Ecolab stock in a transaction dated Thursday, August 9th. The shares were sold at an average price of $148.40, for a total value of $994,280.00. Following the sale, the director now directly owns 20,987 shares in the company, valued at approximately $3,114,470.80. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director David Maclennan purchased 500 shares of the company’s stock in a transaction on Thursday, August 2nd. The shares were bought at an average price of $146.40 per share, for a total transaction of $73,200.00. Following the completion of the transaction, the director now directly owns 2,128 shares in the company, valued at approximately $311,539.20. The disclosure for this purchase can be found here. Over the last quarter, insiders sold 114,885 shares of company stock worth $17,369,786. 1.50% of the stock is currently owned by insiders.
Shares of NYSE ECL traded up $0.58 during midday trading on Friday, hitting $157.12. The company’s stock had a trading volume of 718,882 shares, compared to its average volume of 709,648. Ecolab Inc. has a 1-year low of $125.74 and a 1-year high of $157.23. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.84 and a current ratio of 1.27. The firm has a market capitalization of $44.99 billion, a PE ratio of 33.50, a price-to-earnings-growth ratio of 2.27 and a beta of 0.99.
Ecolab (NYSE:ECL) last posted its quarterly earnings results on Tuesday, July 31st. The basic materials company reported $1.27 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.27. The business had revenue of $3.69 billion during the quarter, compared to analyst estimates of $3.69 billion. Ecolab had a net margin of 10.83% and a return on equity of 18.96%. The company’s quarterly revenue was up 6.6% on a year-over-year basis. During the same period in the previous year, the business posted $1.13 EPS. equities analysts forecast that Ecolab Inc. will post 5.37 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 15th. Investors of record on Tuesday, September 18th will be given a $0.41 dividend. The ex-dividend date is Monday, September 17th. This represents a $1.64 annualized dividend and a yield of 1.04%. Ecolab’s dividend payout ratio is presently 34.97%.
Ecolab Inc provides water, hygiene, and energy technologies and services for customers worldwide. The company operates through Global Industrial, Global Institutional, and Global Energy segments. The Global Industrial segment provides water treatment and process applications, and cleaning and sanitizing solutions primarily to large industrial customers within the manufacturing, food and beverage processing, chemical, mining and primary metals, power generation, pulp and paper, and commercial laundry industries.
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