Ninety One UK Ltd Reduces Position in Ecolab Inc. (NYSE:ECL)

Ninety One UK Ltd cut its position in shares of Ecolab Inc. (NYSE:ECLGet Rating) by 5.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 63,625 shares of the basic materials company’s stock after selling 3,383 shares during the period. Ninety One UK Ltd’s holdings in Ecolab were worth $11,234,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. US Asset Management LLC bought a new stake in Ecolab during the 1st quarter valued at about $25,000. Citizens National Bank Trust Department bought a new stake in Ecolab during the 4th quarter valued at about $35,000. Intelligent Financial Strategies bought a new stake in Ecolab during the 4th quarter valued at about $35,000. Quent Capital LLC bought a new stake in Ecolab during the 4th quarter valued at about $44,000. Finally, O Dell Group LLC lifted its holdings in Ecolab by 62.1% during the 1st quarter. O Dell Group LLC now owns 188 shares of the basic materials company’s stock valued at $33,000 after buying an additional 72 shares in the last quarter. 87.71% of the stock is owned by hedge funds and other institutional investors.

Ecolab Stock Down 1.7 %

NYSE:ECL opened at $161.81 on Friday. The company has a market cap of $46.11 billion, a PE ratio of 42.14, a P/E/G ratio of 2.75 and a beta of 1.01. Ecolab Inc. has a twelve month low of $143.82 and a twelve month high of $238.93. The company has a current ratio of 1.29, a quick ratio of 0.84 and a debt-to-equity ratio of 1.15. The company’s 50 day moving average is $165.07 and its two-hundred day moving average is $166.18.

Ecolab (NYSE:ECLGet Rating) last released its earnings results on Tuesday, July 26th. The basic materials company reported $1.10 earnings per share 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 the consensus estimate of $3.48 billion. Ecolab had a net margin of 8.17% and a return on equity of 18.56%. Ecolab’s revenue was up 13.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.22 EPS. Analysts anticipate that Ecolab Inc. will post 4.78 EPS for the current year.

Ecolab Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, October 17th. Shareholders of record on Tuesday, September 20th will be given a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 1.26%. The ex-dividend date is Monday, September 19th. Ecolab’s dividend payout ratio is presently 53.13%.

Insiders Place Their Bets

In other news, EVP Angela M. Busch sold 2,300 shares of the company’s stock in a transaction on Wednesday, September 7th. The shares were sold at an average price of $170.66, for a total value of $392,518.00. Following the sale, the executive vice president now directly owns 16,716 shares of the company’s stock, valued at approximately $2,852,752.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director Arthur J. Higgins sold 3,200 shares of the company’s stock in a transaction on Monday, August 1st. The shares were sold at an average price of $166.74, for a total value of $533,568.00. Following the sale, the director now directly owns 22,530 shares of the company’s stock, valued at approximately $3,756,652.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Angela M. Busch sold 2,300 shares of the business’s stock in a transaction on 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 transaction, the executive vice president now owns 16,716 shares of the company’s stock, valued at $2,852,752.56. The disclosure for this sale can be found here. In the last quarter, insiders have purchased 274,284 shares of company stock valued at $47,244,385. Insiders own 1.04% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on ECL shares. BMO Capital Markets started coverage on shares of Ecolab in a report on Friday, June 3rd. They set a “hold” rating and a $191.00 price objective for the company. Credit Suisse Group upgraded shares of Ecolab from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from $180.00 to $195.00 in a report on Friday, June 3rd. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Ecolab from $195.00 to $180.00 in a report on Wednesday, July 27th. Argus reduced their price target on shares of Ecolab from $230.00 to $200.00 and set a “buy” rating for the company in a report on Tuesday, May 31st. Finally, Mizuho reduced their price target on shares of Ecolab from $198.00 to $183.00 and set a “neutral” rating for the company in a report on Wednesday, June 29th. Nine equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, Ecolab has a consensus rating of “Moderate Buy” and a consensus target price of $193.78.

Ecolab Profile

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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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