Ecolab Inc. (NYSE:ECL) Shares Sold by Pinebridge Investments L.P.

Pinebridge Investments L.P. lessened its holdings in Ecolab Inc. (NYSE:ECLFree Report) by 3.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,966 shares of the basic materials company’s stock after selling 332 shares during the quarter. Pinebridge Investments L.P.’s holdings in Ecolab were worth $1,778,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in ECL. First Personal Financial Services acquired a new position in Ecolab in the fourth quarter worth $26,000. Hexagon Capital Partners LLC boosted its holdings in shares of Ecolab by 150.0% during the fourth quarter. Hexagon Capital Partners LLC now owns 135 shares of the basic materials company’s stock valued at $27,000 after acquiring an additional 81 shares during the period. Motco acquired a new position in shares of Ecolab during the fourth quarter valued at $28,000. Fortitude Family Office LLC acquired a new position in shares of Ecolab during the fourth quarter valued at $29,000. Finally, Operose Advisors LLC acquired a new position in shares of Ecolab during the third quarter valued at $36,000. Institutional investors and hedge funds own 74.91% of the company’s stock.

Insider Activity at Ecolab

In related news, Director Arthur J. Higgins sold 4,500 shares of the business’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $227.52, for a total value of $1,023,840.00. Following the completion of the sale, the director now owns 25,548 shares of the company’s stock, valued at approximately $5,812,680.96. The sale was disclosed in a document filed with the SEC, which is available at this link. In related news, Director Arthur J. Higgins sold 4,500 shares of the business’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $227.52, for a total value of $1,023,840.00. Following the completion of the sale, the director now directly owns 25,548 shares in the company, valued at approximately $5,812,680.96. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director David Maclennan bought 650 shares of Ecolab stock in a transaction that occurred on Friday, May 3rd. The stock was bought at an average price of $227.37 per share, with a total value of $147,790.50. Following the completion of the acquisition, the director now owns 17,111 shares in the company, valued at approximately $3,890,528.07. The disclosure for this purchase can be found here. 0.04% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several brokerages have recently issued reports on ECL. Robert W. Baird boosted their price target on shares of Ecolab from $232.00 to $243.00 and gave the company a “neutral” rating in a report on Wednesday, May 1st. Stifel Nicolaus boosted their price target on shares of Ecolab from $225.00 to $233.00 and gave the company a “hold” rating in a report on Wednesday, May 1st. Royal Bank of Canada reissued an “outperform” rating and set a $260.00 price target on shares of Ecolab in a report on Tuesday. UBS Group lifted their price objective on shares of Ecolab from $269.00 to $270.00 and gave the company a “buy” rating in a research note on Tuesday, May 21st. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Ecolab from $220.00 to $225.00 and gave the company a “neutral” rating in a research note on Wednesday, May 1st. Eleven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, Ecolab presently has an average rating of “Hold” and an average target price of $239.56.

Check Out Our Latest Report on Ecolab

Ecolab Trading Down 0.5 %

NYSE:ECL opened at $239.24 on Friday. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.41 and a quick ratio of 0.99. Ecolab Inc. has a fifty-two week low of $156.72 and a fifty-two week high of $240.61. The stock’s 50-day moving average is $228.23 and its two-hundred day moving average is $213.88. The stock has a market cap of $68.32 billion, a PE ratio of 44.30, a price-to-earnings-growth ratio of 2.55 and a beta of 1.12.

Ecolab (NYSE:ECLGet Free Report) last released its earnings results on Tuesday, April 30th. The basic materials company reported $1.34 earnings per share for the quarter, beating the consensus estimate of $1.33 by $0.01. Ecolab had a return on equity of 20.56% and a net margin of 10.01%. The company had revenue of $3.75 billion for the quarter, compared to analysts’ expectations of $3.74 billion. During the same quarter in the previous year, the business posted $0.88 EPS. The business’s revenue for the quarter was up 5.0% on a year-over-year basis. As a group, equities research analysts forecast that Ecolab Inc. will post 6.59 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, July 15th. Investors of record on Tuesday, June 18th will be paid a $0.57 dividend. The ex-dividend date is Tuesday, June 18th. This represents a $2.28 annualized dividend and a dividend yield of 0.95%. Ecolab’s payout ratio is 42.22%.

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 three segments: Global Industrial; Global Institutional & Specialty; and Global Healthcare & Life Sciences. 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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