Ecolab Inc. (NYSE:ECL) Shares Sold by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky cut its holdings in Ecolab Inc. (NYSE:ECLGet Rating) by 4.2% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 17,578 shares of the basic materials company’s stock after selling 765 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Ecolab were worth $3,104,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. Ensign Peak Advisors Inc lifted its stake in Ecolab by 9.8% during the fourth quarter. Ensign Peak Advisors Inc now owns 43,564 shares of the basic materials company’s stock worth $10,219,000 after purchasing an additional 3,882 shares in the last quarter. O Shaughnessy Asset Management LLC lifted its stake in Ecolab by 26.6% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 6,496 shares of the basic materials company’s stock worth $1,524,000 after purchasing an additional 1,364 shares in the last quarter. Invesco Ltd. lifted its stake in Ecolab by 9.2% during the fourth quarter. Invesco Ltd. now owns 1,910,321 shares of the basic materials company’s stock worth $448,143,000 after purchasing an additional 160,188 shares in the last quarter. Schroder Investment Management Group lifted its stake in Ecolab by 9.9% during the fourth quarter. Schroder Investment Management Group now owns 405,347 shares of the basic materials company’s stock worth $95,091,000 after purchasing an additional 36,407 shares in the last quarter. Finally, Gotham Asset Management LLC lifted its stake in Ecolab by 129.5% during the fourth quarter. Gotham Asset Management LLC now owns 2,766 shares of the basic materials company’s stock worth $649,000 after purchasing an additional 1,561 shares in the last quarter. 87.71% of the stock is currently owned by institutional investors and hedge funds.

Ecolab Stock Performance

Shares of ECL stock opened at $159.80 on Tuesday. The stock’s 50-day moving average is $165.16 and its two-hundred day moving average is $165.90. The firm has a market cap of $45.54 billion, a price-to-earnings ratio of 41.61, a PEG ratio of 2.61 and a beta of 1.01. Ecolab Inc. has a 1 year low of $143.82 and a 1 year high of $238.93. 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 (NYSE:ECLGet Rating) last issued its quarterly earnings data 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 company had revenue of $3.58 billion for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same quarter last year, the company posted $1.22 earnings per share. Analysts predict that Ecolab Inc. will post 4.78 earnings per share for the current year.

Ecolab Announces Dividend

The firm also recently announced 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. The ex-dividend date of this dividend is Monday, September 19th. This represents a $2.04 annualized dividend and a dividend yield of 1.28%. Ecolab’s dividend payout ratio (DPR) is 53.13%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on ECL shares. Credit Suisse Group upgraded Ecolab from a “neutral” rating to an “outperform” rating and upped their price target for the stock from $180.00 to $195.00 in a research note on Friday, June 3rd. Bank of America lowered Ecolab from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $193.00 to $183.00 in a research report on Wednesday, July 13th. Morgan Stanley cut their price objective on Ecolab from $200.00 to $181.00 and set an “equal weight” rating on the stock in a research report on Monday, June 27th. Wells Fargo & Company initiated coverage on Ecolab in a research report on Tuesday, July 12th. They set an “overweight” rating and a $187.00 price objective on the stock. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on Ecolab from $195.00 to $180.00 in a research report on Wednesday, July 27th. Nine equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $193.78.

Insider Transactions at Ecolab

In other news, Director Arthur J. Higgins sold 3,200 shares of the 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 sale, the director now owns 22,530 shares in the company, valued at $3,756,652.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, Director Arthur J. Higgins sold 3,200 shares of the 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 sale, the director now owns 22,530 shares in the company, valued at $3,756,652.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Angela M. Busch sold 2,300 shares of the firm’s stock in a transaction dated 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 sale, the executive vice president now owns 16,716 shares of the company’s stock, valued at approximately $2,852,752.56. The disclosure for this sale can be found here. Over the last quarter, insiders acquired 274,284 shares of company stock worth $47,244,385. 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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