Ecolab Inc. (NYSE:ECL) Position Trimmed by Crestwood Advisors Group LLC

Crestwood Advisors Group LLC lowered its stake in Ecolab Inc. (NYSE:ECLGet Rating) by 5.5% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,175 shares of the basic materials company’s stock after selling 68 shares during the period. Crestwood Advisors Group LLC’s holdings in Ecolab were worth $207,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in the company. BlackRock Inc. boosted its holdings in shares of Ecolab by 8.0% in the fourth quarter. BlackRock Inc. now owns 18,885,247 shares of the basic materials company’s stock worth $4,430,288,000 after buying an additional 1,403,200 shares during the period. State Street Corp boosted its stake in Ecolab by 1.7% in the 4th quarter. State Street Corp now owns 11,479,305 shares of the basic materials company’s stock worth $2,698,604,000 after purchasing an additional 191,446 shares during the period. Geode Capital Management LLC grew its position in Ecolab by 2.5% during the 4th quarter. Geode Capital Management LLC now owns 4,075,692 shares of the basic materials company’s stock worth $953,262,000 after purchasing an additional 97,763 shares in the last quarter. Pictet Asset Management SA raised its stake in Ecolab by 6.9% during the 4th quarter. Pictet Asset Management SA now owns 3,879,730 shares of the basic materials company’s stock valued at $910,146,000 after purchasing an additional 248,752 shares during the period. Finally, Impax Asset Management Group plc lifted its holdings in shares of Ecolab by 1.4% in the fourth quarter. Impax Asset Management Group plc now owns 3,444,028 shares of the basic materials company’s stock valued at $807,934,000 after purchasing an additional 47,403 shares in the last quarter. Institutional investors own 75.04% of the company’s stock.

Shares of NYSE:ECL opened at $151.24 on Thursday. The stock has a market capitalization of $43.20 billion, a P/E ratio of 39.39, a P/E/G ratio of 2.34 and a beta of 1.05. The business has a 50-day moving average of $164.26 and a two-hundred day moving average of $185.11. Ecolab Inc. has a fifty-two week low of $143.82 and a fifty-two week high of $238.93. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.27 and a quick ratio of 0.83.

Ecolab (NYSE:ECLGet Rating) last posted its earnings results on Tuesday, April 26th. The basic materials company reported $0.82 earnings per share for the quarter, hitting the consensus estimate of $0.82. Ecolab had a return on equity of 19.35% and a net margin of 8.45%. The firm had revenue of $3.27 billion during the quarter, compared to analyst estimates of $3.19 billion. During the same period in the previous year, the company earned $0.81 EPS. The company’s revenue for the quarter was up 13.2% on a year-over-year basis. As a group, research analysts expect that Ecolab Inc. will post 5.02 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, July 15th. Investors of record on Tuesday, June 21st will be paid a $0.51 dividend. The ex-dividend date is Friday, June 17th. This represents a $2.04 dividend on an annualized basis and a yield of 1.35%. Ecolab’s payout ratio is presently 53.13%.

Several equities research analysts recently issued reports on the company. StockNews.com began coverage on Ecolab in a research note on Thursday, March 31st. They issued a “hold” rating for the company. Argus decreased their price target on shares of Ecolab from $230.00 to $200.00 and set a “buy” rating for the company in a report on Tuesday, May 31st. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Ecolab from $200.00 to $195.00 in a research report on Wednesday, June 8th. Atlantic Securities began coverage on shares of Ecolab in a research report on Tuesday, April 5th. They issued an “overweight” rating and a $210.00 target price for the company. Finally, Mizuho lowered their price target on shares of Ecolab from $210.00 to $198.00 in a report on Wednesday, April 27th. Eight research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $201.06.

In related news, Director Tracy B. Mckibben purchased 1,475 shares of Ecolab stock in a transaction on Friday, April 29th. The stock was purchased at an average cost of $170.00 per share, with a total value of $250,750.00. Following the acquisition, the director now directly owns 6,746 shares in the company, valued at $1,146,820. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Michael C. Mccormick sold 3,000 shares of the firm’s stock in a transaction on Wednesday, June 8th. The stock was sold at an average price of $167.72, for a total transaction of $503,160.00. Following the completion of the sale, the executive vice president now owns 50,060 shares in the company, valued at $8,396,063.20. The disclosure for this sale can be found here. Company insiders own 1.04% of the company’s stock.

Ecolab Profile (Get Rating)

Ecolab Inc provides water, hygiene, and infection prevention solutions and services in the United States and internationally. The company operates through Global Industrial, Global Institutional & Specialty, and Global Healthcare & Life Sciences segments. 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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Institutional Ownership by Quarter for Ecolab (NYSE:ECL)

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