Resources Investment Advisors LLC announced that it will acquire new shares of Ecolab Inc. in the fourth quarter, according to Form 13F recently filed with the Securities and Exchange Commission. Institutional investors acquired 1,440 shares of basic materials company valued at approximately $210,000. The announcement comes on the heels of Ecolab releasing its Feb. 14 quarterly earnings report, which posted EPS of $1.27 for the quarter, beating consensus expectations of $1.25 by $0.02.
Analysts have been watching Ecolab closely and commenting on the company. The Royal Bank of Canada upgraded Ecolab’s shares from a ‘sector perform’ rating to an ‘outperform’ rating and raised the company’s price target from $155.00 to his $185.00 in a research note on Wednesday, Feb. 15. I was. Mizuho raised its price target on Ecolab shares from $158.00 to $163.00, giving the company a “neutral” rating, in a report on Thursday, Jan. 12.
Barclays also maintained an ‘equal weighted’ rating in its report of 15 February last year after analyzing the company’s revenue growth projections and market competitiveness ratio compared to Ecoclub and existing competitors within similar industries. At the same time, we increased our price target on Ecolab stock from $160 to $165. Despite this upward trajectory, analysts such as the Royal Bank of Canada and Wells Fargo & Company gave the company high ‘overweight’ ratings with a target price of $168-$175. Year.
Overall, Bloomberg data is based on research reports and recommended trends collected through banks from Barclays to Mizuho. It will be interesting to observe how ongoing market conditions will affect Ecolab’s future efforts and whether it will be able to meet the expectations set by these financial institutions’ forecasts in the coming months. is.
Large Investor Shows Interest in Ecolab, Stake Increases or Decreases: Stock Analysis and Updates
Ecolab, a basic materials company, has seen activity including recent investment increases or decreases from large investors. After acquiring an additional 141 of his shares during the previous quarter, Ronald Blue Trust Inc. now owns 245 of his shares worth $36,000, a 135.6% stake. Beacon Capital Management LLC also increased its stake by 1,189.5%, and Almanack Investment Partners LLC acquired a new stake in his Ecolab worth approximately $36,000 in the third quarter. Meanwhile, Zions Bancorporation NA increased its shares by 39.8% and Covestor Ltd added 107 shares last quarter for a total of 298 shares worth $53,000. Institutional investors and hedge funds represent 86.76% of Ecolab’s equity ownership.
ECL shares opened at $165.60 on Monday with a market cap of $47.14 billion, a P/E ratio of 43.35, a PEG ratio of 2.62 and a beta rate of 1.00. The company’s lowest price was $131.04 and the highest price reached $179.86. The past year recorded at 12:22 PM CEST+2 May 2021.
Recently, companies such as the Royal Bank of Canada have released various research reports on ECL shares, raising the rating from ‘sector perform’ to ‘outperform’. Mizuho raised its price target from $158 to $163 and Barclays raised its price target from $160 to $165, but assigned an ‘equal weight’ rating to the stock. According to Bloomberg data, the current valuation leaves 7 hold and 9 buy ratings worth considering, with the current consensus overall expectation of “hold” and a price target of $169.80 per share.
In addition, Ecolab announced a quarterly dividend paid on April 17 to shareholders of record on March 21. The ex-dividend date was March 20, giving him an annual dividend of $2.12 and a yield of 1.28%.
In other news, Vice President Larry L Berger recently sold 4,404 shares in the company for $162.95 per share, for a total transaction value of $717,631.80. Berger currently holds 12,442 Ecolab shares worth approximately $2 million following the sale disclosed by a Securities and Exchange Commission report available online.
It remains to be seen how these recent activities surrounding Ecolab will affect the company’s performance and growth prospects in the near future, but one thing is for sure, ECL is in the midst of today’s unpredictable. It continues to attract the attention of experienced investors looking for long-term security investments that promise stable returns in the market. Environment, given the solid operational fundamentals underlying the price, which appears to be undervalued compared to various comparable peers.