Ecolab Inc. (NYSE:ECL) Shares Sold by Kestra Private Wealth Services LLC

Kestra Private Wealth Services LLC decreased its position in shares of Ecolab Inc. (NYSE:ECLGet Rating) by 14.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,722 shares of the basic materials company’s stock after selling 455 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in Ecolab were worth $481,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in ECL. US Asset Management LLC purchased a new stake in Ecolab in the first quarter valued at approximately $25,000. Citizens National Bank Trust Department acquired a new position in shares of Ecolab in the fourth quarter worth $35,000. Intelligent Financial Strategies acquired a new stake in shares of Ecolab in the fourth quarter valued at $35,000. Quent Capital LLC purchased a new position in Ecolab in the fourth quarter valued at $44,000. Finally, O Dell Group LLC grew its stake in Ecolab by 62.1% during the 1st quarter. O Dell Group LLC now owns 188 shares of the basic materials company’s stock worth $33,000 after purchasing an additional 72 shares in the last quarter. 87.71% of the stock is currently owned by institutional investors and hedge funds.

Ecolab Stock Up 1.7 %

ECL stock opened at $159.80 on Tuesday. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.29 and a quick ratio of 0.84. Ecolab Inc. has a 12 month low of $143.82 and a 12 month high of $238.93. The firm has a market capitalization of $45.54 billion, a PE ratio of 41.61, a P/E/G ratio of 2.61 and a beta of 1.01. The company’s 50 day simple moving average is $165.16 and its 200-day simple moving average is $165.90.

Ecolab (NYSE:ECLGet Rating) last posted its quarterly earnings data 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 firm 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 firm’s quarterly revenue was up 13.2% compared to the same quarter last year. During the same quarter last year, the business posted $1.22 EPS. Equities analysts expect that Ecolab Inc. will post 4.78 earnings per share for the current fiscal year.

Ecolab Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, October 17th. Shareholders of record on Tuesday, September 20th will be paid a $0.51 dividend. The ex-dividend date of this dividend is Monday, September 19th. This represents a $2.04 annualized dividend and a yield of 1.28%. Ecolab’s payout ratio is currently 53.13%.

Insider Buying and Selling at Ecolab

In other news, Director Arthur J. Higgins sold 3,200 shares of Ecolab stock in a transaction on Monday, August 1st. The stock was sold at an average price of $166.74, for a total value of $533,568.00. Following the completion of the sale, the director now owns 22,530 shares of the company’s stock, valued at $3,756,652.20. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, Director Arthur J. Higgins sold 3,200 shares of the business’s stock in a transaction that occurred on Monday, August 1st. The shares were sold at an average price of $166.74, for a total value of $533,568.00. Following the completion of the sale, the director now directly owns 22,530 shares in the company, valued at $3,756,652.20. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Angela M. Busch sold 2,300 shares of Ecolab stock in a transaction on Wednesday, September 7th. The shares were 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 in the company, valued at approximately $2,852,752.56. The disclosure for this sale can be found here. In the last three months, insiders acquired 274,284 shares of company stock worth $47,244,385. Insiders own 1.04% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on ECL. Morgan Stanley lowered their price objective on Ecolab from $200.00 to $181.00 and set an “equal weight” rating for the company in a research report on Monday, June 27th. UBS Group reduced their price objective on shares of Ecolab to $198.00 and set an “outperform” rating for the company in a research report on Wednesday, July 27th. Royal Bank of Canada reduced their target price on Ecolab from $225.00 to $190.00 in a report on Thursday, July 14th. Wells Fargo & Company began coverage on Ecolab in a research report on Tuesday, July 12th. They set an “overweight” rating and a $187.00 price target on the stock. Finally, 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. Nine equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $193.78.

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.

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Institutional Ownership by Quarter for Ecolab (NYSE:ECL)

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