Oppenheimer & Co. Inc. Has $1.13 Million Stock Holdings in Ecolab Inc. (NYSE:ECL)

Oppenheimer & Co. Inc. reduced its stake in Ecolab Inc. (NYSE:ECLFree Report) by 1.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,697 shares of the basic materials company’s stock after selling 78 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Ecolab were worth $1,130,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Norges Bank bought a new stake in shares of Ecolab in the 4th quarter valued at $365,420,000. Ameriprise Financial Inc. grew its holdings in Ecolab by 117.9% during the 3rd quarter. Ameriprise Financial Inc. now owns 1,669,583 shares of the basic materials company’s stock worth $282,185,000 after acquiring an additional 903,307 shares during the period. International Assets Investment Management LLC raised its position in shares of Ecolab by 19,062.1% in the 4th quarter. International Assets Investment Management LLC now owns 555,893 shares of the basic materials company’s stock worth $110,261,000 after acquiring an additional 552,992 shares in the last quarter. Findlay Park Partners LLP acquired a new position in shares of Ecolab in the 4th quarter valued at about $91,178,000. Finally, Vanguard Group Inc. boosted its position in shares of Ecolab by 1.7% during the 3rd quarter. Vanguard Group Inc. now owns 22,877,417 shares of the basic materials company’s stock valued at $3,875,434,000 after purchasing an additional 387,545 shares in the last quarter. 74.91% of the stock is currently owned by institutional investors.

Insider Activity at Ecolab

In other Ecolab news, Director Arthur J. Higgins sold 4,500 shares of the company’s stock in a transaction 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 transaction, the director now owns 25,548 shares in the company, valued at approximately $5,812,680.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Ecolab news, Director Arthur J. Higgins sold 4,500 shares of Ecolab stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $227.52, for a total value of $1,023,840.00. Following the sale, the director now owns 25,548 shares of the company’s stock, valued at $5,812,680.96. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director David Maclennan bought 650 shares of Ecolab stock in a transaction dated Friday, May 3rd. The shares were bought at an average cost of $227.37 per share, with a total value of $147,790.50. Following the completion of the transaction, the director now directly owns 17,111 shares in the company, valued at $3,890,528.07. The disclosure for this purchase can be found here. 0.50% of the stock is currently owned by company insiders.

Ecolab Trading Down 0.2 %

NYSE ECL opened at $238.77 on Tuesday. The company has a current ratio of 1.41, a quick ratio of 0.99 and a debt-to-equity ratio of 0.92. The firm has a market capitalization of $68.19 billion, a P/E ratio of 44.22, a PEG ratio of 2.53 and a beta of 1.12. The business has a fifty day simple moving average of $228.45 and a 200 day simple moving average of $214.63. Ecolab Inc. has a 12 month low of $156.72 and a 12 month high of $240.61.

Ecolab (NYSE:ECLGet Free Report) last announced its earnings results on Tuesday, April 30th. The basic materials company reported $1.34 EPS for the quarter, beating the consensus estimate of $1.33 by $0.01. Ecolab had a net margin of 10.01% and a return on equity of 20.56%. The company had revenue of $3.75 billion during the quarter, compared to the consensus estimate of $3.74 billion. During the same quarter in the prior year, the company posted $0.88 earnings per share. The firm’s revenue for the quarter was up 5.0% on a year-over-year basis. On average, analysts predict that Ecolab Inc. will post 6.59 EPS for the current fiscal year.

Ecolab Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Tuesday, June 18th will be issued a $0.57 dividend. This represents a $2.28 annualized dividend and a dividend yield of 0.95%. The ex-dividend date of this dividend is Tuesday, June 18th. Ecolab’s dividend payout ratio is presently 42.22%.

Analysts Set New Price Targets

ECL has been the subject of a number of research analyst reports. Morgan Stanley lifted their target price on Ecolab from $230.00 to $240.00 and gave the stock an “equal weight” rating in a report on Wednesday, March 27th. Wells Fargo & Company increased their target price on shares of Ecolab from $240.00 to $250.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 14th. JPMorgan Chase & Co. lifted their price target 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. Citigroup increased their price objective on shares of Ecolab from $256.00 to $257.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 1st. Finally, Robert W. Baird boosted their target price on Ecolab from $232.00 to $243.00 and gave the company a “neutral” rating in a research report on Wednesday, May 1st. Eleven research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $239.56.

View Our Latest Report on Ecolab

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 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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