Ecolab Inc. (NYSE:ECL).
Pennsylvania Trust Co says it raised its investment in Ecolab Inc. shares by 3,829 shares in a 13F filing with the SEC. Its stake stood at $5,250,000 an increase of 17.3% according to the filing.
The following firms have also recently changed their position in ECL. As of quarter end Gateway Investment Advisers LLC had disposed of a total of 345 shares trimming its stake by 2.1%. The value of the total investment in Ecolab Inc. went from $2,061,000 to $2,137,000 increasing 3.7% quarter over quarter. Bank Of The West reduced its holdings by shedding 201 shares a decrease of 8.7% in the quarter. Bank Of The West now holds 2,113 shares valued at $281,000. The total value of its holdings decreased 3.1%.
Arvest Bank Trust Division downsized its investment by selling 36 shares a decrease of 45.0% as of 06/30/2017. Arvest Bank Trust Division owns 44 shares worth $6,000. The value of the position overall is down by 40.0%.
On May 26 the company was upgraded from “Overweight” to “Overweight” in an announcement from JP Morgan. On August 25 analysts at Macquarie initiated coverage with an initial rating of “Outperform” and price target of $143.00.
On July 15 Citigroup kept the company rating at “Neutral” but raised the price expectation to $127.00 from $117.00. April 18 investment analysts at Citigroup left the company rating at “Neutral” and raised the price expectation from $102.00 to $117.00.
Equity analyst Credit Suisse starting coverage on ECL with a rating of “Neutral” and a price target of $109.00. Sterne Agee CRT initiated coverage on the stock giving it an initial rating of “Buy”.
The company is now up since yesterday’s close of $131.89. Ecolab Inc. also recently announced a dividend for shareholders that will be paid on Monday the 17th of July 2017. The dividend payment will be $0.370 per share for the quarter or $1.48 on an annualized basis. This dividend amount will represent a yeild of $1.12. The ex-dividend date will be Friday June 16th, 2017.
Shares last traded at $132.61 just above $131.33, the stock’s 50 day moving average and which is slightly above the 200 day moving average of $125.10. The 50 day moving average was up $1.36 or +1.04% and the 200 day average went up by +6.07%.
The most current P/E ratio is 31.35 and market capitalization is 38.49B. In the last earnings report the EPS was $4.23 and is expected to be $4.78 for the current year with 290,045,000 shares presently outstanding. Next quarter’s EPS is forecasted at $1.42 and the next full year EPS is projected to be $5.36.