Aptus Capital Advisors LLC Raises Holdings in Ecolab Inc. (NYSE:ECL)

Aptus Capital Advisors LLC grew its stake in shares of Ecolab Inc. (NYSE:ECLFree Report) by 88.2% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,114 shares of the basic materials company’s stock after purchasing an additional 991 shares during the quarter. Aptus Capital Advisors LLC’s holdings in Ecolab were worth $358,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. RFG Advisory LLC boosted its stake in shares of Ecolab by 215.1% during the second quarter. RFG Advisory LLC now owns 7,976 shares of the basic materials company’s stock worth $1,489,000 after buying an additional 5,445 shares during the period. McKinley Carter Wealth Services Inc. increased its stake in Ecolab by 3.4% in the 2nd quarter. McKinley Carter Wealth Services Inc. now owns 8,912 shares of the basic materials company’s stock valued at $1,664,000 after buying an additional 296 shares during the period. Financial Gravity Asset Management Inc. raised its position in Ecolab by 162.6% during the 2nd quarter. Financial Gravity Asset Management Inc. now owns 302 shares of the basic materials company’s stock worth $163,000 after buying an additional 187 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its position in shares of Ecolab by 5.5% during the 2nd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 256,912 shares of the basic materials company’s stock valued at $47,963,000 after acquiring an additional 13,314 shares during the period. Finally, XML Financial LLC increased its stake in Ecolab by 12.9% in the 2nd quarter. XML Financial LLC now owns 1,854 shares of the basic materials company’s stock valued at $346,000 after purchasing an additional 212 shares in the last quarter. Hedge funds and other institutional investors own 73.91% of the company’s stock.

Insider Transactions at Ecolab

In other Ecolab news, EVP Laurie M. Marsh sold 11,917 shares of the business’s 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 completion of the sale, the executive vice president now 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 is available through this hyperlink. In other 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 value of $2,281,032.97. Following the transaction, the executive vice president now directly owns 20,538 shares of the company’s stock, valued at approximately $3,931,178.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Nicholas J. Alfano sold 6,000 shares of the business’s stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $189.63, for a total value of $1,137,780.00. Following the sale, the executive vice president now owns 9,717 shares of the company’s stock, valued at approximately $1,842,634.71. The disclosure for this sale can be found here. Insiders own 0.04% of the company’s stock.

Ecolab Trading Down 0.1 %

Shares of ECL stock opened at $202.72 on Friday. Ecolab Inc. has a 1-year low of $143.91 and a 1-year high of $203.62. The firm’s 50-day simple moving average is $197.45 and its 200-day simple moving average is $184.11. The firm has a market cap of $57.80 billion, a P/E ratio of 47.03, a PEG ratio of 2.54 and a beta of 1.08. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.26 and a quick ratio of 0.92.

Ecolab Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 16th. Shareholders of record on Tuesday, December 19th were issued a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.12%. The ex-dividend date of this dividend was Monday, December 18th. This is a positive change from Ecolab’s previous quarterly dividend of $0.53. Ecolab’s dividend payout ratio (DPR) is 52.90%.

Analyst Ratings Changes

Several research firms have weighed in on ECL. Royal Bank of Canada upped their target price on Ecolab from $213.00 to $238.00 and gave the company an “outperform” rating in a report on Thursday, January 18th. StockNews.com upgraded shares of Ecolab from a “hold” rating to a “buy” rating in a research report on Tuesday, November 7th. Stifel Nicolaus increased their price target on shares of Ecolab from $187.00 to $193.00 and gave the company a “hold” rating in a research report on Wednesday, November 1st. Bank of America upgraded Ecolab from an “underperform” rating to a “neutral” rating and lifted their price objective for the stock from $185.00 to $216.00 in a research report on Tuesday, January 16th. Finally, UBS Group increased their target price on Ecolab from $211.00 to $227.00 and gave the company a “buy” rating in a report on Thursday, January 11th. Eleven analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $201.38.

Get Our Latest Analysis on ECL

Ecolab Company Profile

(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.

See Also

Institutional Ownership by Quarter for Ecolab (NYSE:ECL)

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