Hsbc Holdings PLC Has $123.40 Million Stock Position in Ecolab Inc. (NYSE:ECL)

Hsbc Holdings PLC boosted its stake in Ecolab Inc. (NYSE:ECLGet Rating) by 4.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 693,576 shares of the basic materials company’s stock after acquiring an additional 31,226 shares during the period. Hsbc Holdings PLC owned 0.24% of Ecolab worth $123,399,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. Private Trust Co. NA grew its position in shares of Ecolab by 2.9% in the 1st quarter. Private Trust Co. NA now owns 2,047 shares of the basic materials company’s stock worth $361,000 after buying an additional 57 shares during the last quarter. Rational Advisors LLC grew its position in shares of Ecolab by 133.3% in the 4th quarter. Rational Advisors LLC now owns 105 shares of the basic materials company’s stock worth $25,000 after buying an additional 60 shares during the last quarter. Capital Advisory Group Advisory Services LLC boosted its position in shares of Ecolab by 2.6% during the fourth quarter. Capital Advisory Group Advisory Services LLC now owns 2,383 shares of the basic materials company’s stock valued at $559,000 after purchasing an additional 60 shares in the last quarter. SlateStone Wealth LLC boosted its position in shares of Ecolab by 3.8% during the first quarter. SlateStone Wealth LLC now owns 1,660 shares of the basic materials company’s stock valued at $293,000 after purchasing an additional 60 shares in the last quarter. Finally, Elk River Wealth Management LLC boosted its position in shares of Ecolab by 0.4% during the first quarter. Elk River Wealth Management LLC now owns 16,667 shares of the basic materials company’s stock valued at $2,951,000 after purchasing an additional 64 shares in the last quarter. 87.71% of the stock is currently owned by institutional investors.

Insider Transactions at Ecolab

In other Ecolab news, major shareholder William H. Gates III acquired 149,190 shares of the company’s stock in a transaction dated Thursday, August 11th. The stock was purchased at an average price of $171.47 per share, with a total value of $25,581,609.30. Following the completion of the purchase, the insider now directly owns 30,834,744 shares in the company, valued at approximately $5,287,233,553.68. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Ecolab news, major shareholder William H. Gates III acquired 149,190 shares of the company’s stock in a transaction dated Thursday, August 11th. The stock was purchased at an average price of $171.47 per share, with a total value of $25,581,609.30. Following the completion of the purchase, the insider now directly owns 30,834,744 shares in the company, valued at approximately $5,287,233,553.68. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder William H. Gates III purchased 66,427 shares of the company’s stock in a transaction that occurred on Wednesday, August 17th. The shares were purchased at an average cost of $174.76 per share, with a total value of $11,608,782.52. Following the completion of the purchase, the insider now owns 31,080,989 shares of the company’s stock, valued at approximately $5,431,713,637.64. The disclosure for this purchase can be found here. Insiders acquired a total of 274,284 shares of company stock valued at $47,244,385 over the last 90 days. Company insiders own 1.04% of the company’s stock.

Ecolab Stock Performance

Shares of ECL opened at $172.64 on Friday. The company has a quick ratio of 0.84, a current ratio of 1.29 and a debt-to-equity ratio of 1.15. The business has a 50-day simple moving average of $164.45 and a two-hundred day simple moving average of $166.34. The stock has a market cap of $49.20 billion, a price-to-earnings ratio of 44.96, a PEG ratio of 2.82 and a beta of 1.01. Ecolab Inc. has a 52 week low of $143.82 and a 52 week high of $238.93.

Ecolab (NYSE:ECLGet Rating) last issued its quarterly earnings results on Tuesday, July 26th. The basic materials company reported $1.10 EPS for the quarter, topping analysts’ consensus estimates of $1.07 by $0.03. The business had revenue of $3.58 billion during the quarter, compared to analysts’ expectations of $3.48 billion. Ecolab had a return on equity of 18.56% and a net margin of 8.17%. The business’s quarterly revenue was up 13.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.22 earnings per share. On average, analysts expect that Ecolab Inc. will post 4.78 EPS for the current year.

Ecolab Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 17th. Stockholders of record on Tuesday, September 20th will be paid a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.18%. The ex-dividend date is Monday, September 19th. Ecolab’s dividend payout ratio (DPR) is 53.13%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on ECL shares. Deutsche Bank Aktiengesellschaft dropped their price target on Ecolab from $195.00 to $180.00 in a research report on Wednesday, July 27th. Mizuho dropped their price target on Ecolab from $198.00 to $183.00 and set a “neutral” rating on the stock in a research report on Wednesday, June 29th. Bank of America lowered Ecolab from a “buy” rating to a “neutral” rating and dropped their price target for the company from $193.00 to $183.00 in a research report on Wednesday, July 13th. BMO Capital Markets initiated coverage on Ecolab in a research report on Friday, June 3rd. They set a “hold” rating and a $191.00 price target on the stock. Finally, Credit Suisse Group raised Ecolab from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $180.00 to $195.00 in a report on Friday, June 3rd. Nine research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, Ecolab presently has an average rating of “Moderate Buy” and an average price target of $193.78.

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.

See Also

Want to see what other hedge funds are holding ECL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ecolab Inc. (NYSE:ECLGet Rating).

Institutional Ownership by Quarter for Ecolab (NYSE:ECL)

Receive News & Ratings for Ecolab Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ecolab and related companies with MarketBeat.com's FREE daily email newsletter.