Ecolab Inc. (NYSE:ECL) Shares Sold by Chicago Partners Investment Group LLC

Chicago Partners Investment Group LLC lowered its stake in shares of Ecolab Inc. (NYSE:ECLGet Rating) by 5.5% during the first quarter, Holdings Channel reports. The firm owned 1,539 shares of the basic materials company’s stock after selling 89 shares during the period. Chicago Partners Investment Group LLC’s holdings in Ecolab were worth $240,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Capital International Investors purchased a new position in shares of Ecolab during the first quarter worth approximately $304,475,000. Norges Bank purchased a new position in shares of Ecolab during the fourth quarter worth approximately $337,443,000. BlackRock Inc. grew its position in shares of Ecolab by 7.6% during the first quarter. BlackRock Inc. now owns 20,319,742 shares of the basic materials company’s stock worth $3,587,655,000 after acquiring an additional 1,434,495 shares during the last quarter. Sustainable Growth Advisers LP purchased a new position in shares of Ecolab during the first quarter worth approximately $223,516,000. Finally, Ceredex Value Advisors LLC purchased a new position in shares of Ecolab during the first quarter worth approximately $153,507,000. Institutional investors and hedge funds own 87.71% of the company’s stock.

Ecolab Price Performance

Ecolab stock opened at $161.81 on Friday. The company has a market cap of $46.11 billion, a P/E ratio of 42.14, a price-to-earnings-growth ratio of 2.75 and a beta of 1.01. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.84 and a current ratio of 1.29. Ecolab Inc. has a one year low of $143.82 and a one year high of $238.93. The business has a fifty day moving average of $165.07 and a two-hundred day moving average of $166.18.

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

Ecolab Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, October 17th. Stockholders of record on Tuesday, September 20th will be paid a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 1.26%. The ex-dividend date is Monday, September 19th. Ecolab’s dividend payout ratio (DPR) is presently 53.13%.

Analyst Ratings Changes

ECL has been the topic of a number of research reports. Wells Fargo & Company initiated coverage on shares of Ecolab in a research report on Tuesday, July 12th. They set an “overweight” rating and a $187.00 target price on the stock. Mizuho lowered their target price on shares of Ecolab from $198.00 to $183.00 and set a “neutral” rating on the stock in a research report on Wednesday, June 29th. Credit Suisse Group upgraded shares of Ecolab from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from $180.00 to $195.00 in a research report on Friday, June 3rd. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Ecolab from $195.00 to $180.00 in a research report on Wednesday, July 27th. Finally, BMO Capital Markets assumed coverage on shares of Ecolab in a research report on Friday, June 3rd. They issued a “hold” rating and a $191.00 price objective on the stock. Nine equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $193.78.

Insider Transactions at Ecolab

In other news, EVP Angela M. Busch sold 2,300 shares of Ecolab stock in a transaction on Wednesday, September 7th. The stock was sold at an average price of $170.66, for a total transaction of $392,518.00. Following the completion of the transaction, the executive vice president now owns 16,716 shares of the company’s stock, valued at approximately $2,852,752.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, EVP Angela M. Busch sold 2,300 shares of the business’s stock in a transaction dated Wednesday, September 7th. The shares were sold at an average price of $170.66, for a total value of $392,518.00. Following the completion of the transaction, the executive vice president now owns 16,716 shares of the company’s stock, valued at approximately $2,852,752.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Arthur J. Higgins sold 3,200 shares of the business’s stock in a transaction dated Monday, August 1st. The shares were sold at an average price of $166.74, for a total transaction of $533,568.00. Following the completion of the transaction, the director now directly owns 22,530 shares of the company’s stock, valued at approximately $3,756,652.20. The disclosure for this sale can be found here. Insiders bought 274,284 shares of company stock valued at $47,244,385 in the last 90 days. 1.04% of the stock is currently owned by insiders.

Ecolab Company 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

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Institutional Ownership by Quarter for Ecolab (NYSE:ECL)

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