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

Kestra Private Wealth Services LLC boosted its position in shares of Ecolab Inc. (NYSE:ECLFree Report) by 11.4% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 3,909 shares of the basic materials company’s stock after purchasing an additional 401 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in Ecolab were worth $662,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. United Asset Strategies Inc. boosted its position in Ecolab by 19.5% during the third quarter. United Asset Strategies Inc. now owns 62,240 shares of the basic materials company’s stock worth $10,543,000 after purchasing an additional 10,137 shares in the last quarter. Madison Wealth Management acquired a new position in shares of Ecolab in the third quarter worth $2,698,000. Knowledge Leaders Capital LLC acquired a new position in shares of Ecolab in the third quarter worth $1,297,000. Great Lakes Advisors LLC raised its holdings in shares of Ecolab by 117.1% in the third quarter. Great Lakes Advisors LLC now owns 19,635 shares of the basic materials company’s stock worth $3,326,000 after acquiring an additional 10,589 shares during the last quarter. Finally, Merit Financial Group LLC raised its holdings in shares of Ecolab by 5.7% in the third quarter. Merit Financial Group LLC now owns 1,435 shares of the basic materials company’s stock worth $243,000 after acquiring an additional 77 shares during the last quarter. 73.91% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on ECL shares. Raymond James initiated coverage on Ecolab in a report on Thursday, November 30th. They issued an “outperform” rating and a $210.00 price target for the company. UBS Group upped their target price on Ecolab from $211.00 to $227.00 and gave the stock a “buy” rating in a research report on Thursday, January 11th. Bank of America raised Ecolab from an “underperform” rating to a “neutral” rating and upped their target price for the stock from $185.00 to $216.00 in a research report on Tuesday, January 16th. Seaport Res Ptn downgraded Ecolab from a “buy” rating to a “neutral” rating in a report on Monday, January 8th. Finally, Royal Bank of Canada increased their price target on Ecolab from $213.00 to $238.00 and gave the company an “outperform” rating in a report on Thursday, January 18th. Eleven analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $201.38.

Read Our Latest Research Report on ECL

Ecolab Price Performance

Shares of NYSE:ECL opened at $199.95 on Wednesday. The company has a current ratio of 1.26, a quick ratio of 0.92 and a debt-to-equity ratio of 0.96. Ecolab Inc. has a 1 year low of $143.91 and a 1 year high of $202.48. The business has a fifty day simple moving average of $196.73 and a 200 day simple moving average of $183.80. The firm has a market cap of $57.01 billion, a price-to-earnings ratio of 46.39, a P/E/G ratio of 2.50 and a beta of 1.08.

Ecolab Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, January 16th. Shareholders of record on Tuesday, December 19th were issued a dividend of $0.57 per share. This is a positive change from Ecolab’s previous quarterly dividend of $0.53. This represents a $2.28 annualized dividend and a yield of 1.14%. The ex-dividend date of this dividend was Monday, December 18th. Ecolab’s dividend payout ratio (DPR) is 52.90%.

Insider Buying and Selling at Ecolab

In related news, Director David Maclennan bought 800 shares of the business’s stock in a transaction on Friday, December 1st. The shares were bought at an average cost of $191.53 per share, for a total transaction of $153,224.00. Following the completion of the acquisition, the director now directly owns 16,070 shares in the company, valued at $3,077,887.10. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. In related news, EVP Laurie M. Marsh sold 11,917 shares of Ecolab stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $191.41, for a total transaction of $2,281,032.97. Following the sale, the executive vice president now directly owns 20,538 shares of the company’s stock, valued at $3,931,178.58. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director David Maclennan acquired 800 shares of the firm’s stock in a transaction on Friday, December 1st. The shares were bought at an average cost of $191.53 per share, for a total transaction of $153,224.00. Following the completion of the acquisition, the director now directly owns 16,070 shares of the company’s stock, valued at approximately $3,077,887.10. The disclosure for this purchase can be found here. Corporate insiders own 0.04% of the company’s stock.

About Ecolab

(Free Report)

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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