180 Wealth Advisors LLC Has $231,000 Stock Holdings in Ecolab Inc. (NYSE:ECL)

180 Wealth Advisors LLC lessened its holdings in shares of Ecolab Inc. (NYSE:ECLGet Rating) by 4.3% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 1,463 shares of the basic materials company’s stock after selling 66 shares during the period. 180 Wealth Advisors LLC’s holdings in Ecolab were worth $231,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the business. Thrive Wealth Management LLC increased its stake in Ecolab by 78.6% during the second quarter. Thrive Wealth Management LLC now owns 2,586 shares of the basic materials company’s stock valued at $398,000 after acquiring an additional 1,138 shares during the period. Covington Capital Management increased its stake in Ecolab by 12.9% during the second quarter. Covington Capital Management now owns 59,009 shares of the basic materials company’s stock valued at $9,073,000 after acquiring an additional 6,759 shares during the period. Perkins Coie Trust Co increased its stake in Ecolab by 3.4% during the second quarter. Perkins Coie Trust Co now owns 11,886 shares of the basic materials company’s stock valued at $1,828,000 after acquiring an additional 387 shares during the period. Massmutual Trust Co. FSB ADV increased its stake in Ecolab by 9.5% during the second quarter. Massmutual Trust Co. FSB ADV now owns 64,729 shares of the basic materials company’s stock valued at $9,953,000 after acquiring an additional 5,595 shares during the period. Finally, Moody National Bank Trust Division bought a new position in Ecolab during the second quarter valued at about $389,000. Institutional investors and hedge funds own 87.71% of the company’s stock.

Ecolab Stock Down 2.6 %

NYSE:ECL opened at $157.64 on Monday. The stock’s fifty day moving average price is $165.16 and its two-hundred day moving average price is $165.94. Ecolab Inc. has a 52-week low of $143.82 and a 52-week high of $238.93. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.84 and a current ratio of 1.29. The company has a market cap of $44.93 billion, a price-to-earnings ratio of 41.05, a P/E/G ratio of 2.61 and a beta of 1.01.

Ecolab (NYSE:ECLGet Rating) last posted its quarterly earnings data on Tuesday, July 26th. The basic materials company reported $1.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.07 by $0.03. Ecolab had a return on equity of 18.56% and a net margin of 8.17%. The firm had revenue of $3.58 billion for the quarter, compared to the consensus estimate of $3.48 billion. During the same quarter in the prior year, the business earned $1.22 EPS. The business’s revenue for the quarter was up 13.2% compared to the same quarter last year. On average, analysts anticipate that Ecolab Inc. will post 4.78 EPS for the current year.

Ecolab Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 17th. Shareholders of record on Tuesday, September 20th will be issued a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 1.29%. The ex-dividend date of this dividend is Monday, September 19th. Ecolab’s dividend payout ratio is 53.13%.

Insider Activity

In other news, EVP Angela M. Busch sold 2,300 shares of the stock in a transaction on Wednesday, September 7th. The stock was sold at an average price of $170.66, for a total value of $392,518.00. Following the transaction, the executive vice president now owns 16,716 shares of the company’s stock, valued at approximately $2,852,752.56. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, major shareholder William H. Gates III purchased 149,190 shares of the business’s stock in a transaction dated Thursday, August 11th. The shares were bought at an average price of $171.47 per share, with a total value of $25,581,609.30. Following the purchase, the insider now directly owns 30,834,744 shares in the company, valued at approximately $5,287,233,553.68. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, 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 transaction of $392,518.00. Following the completion of the sale, the executive vice president now owns 16,716 shares of the company’s stock, valued at approximately $2,852,752.56. The disclosure for this sale can be found here. Insiders have purchased a total of 274,284 shares of company stock valued at $47,244,385 in the last 90 days. 1.04% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities analysts recently issued reports on ECL shares. Deutsche Bank Aktiengesellschaft lowered their price target on Ecolab from $195.00 to $180.00 in a research note on Wednesday, July 27th. Credit Suisse Group upgraded Ecolab from a “neutral” rating to an “outperform” rating and upped their price objective for the company from $180.00 to $195.00 in a research note on Friday, June 3rd. Royal Bank of Canada lowered their price objective on Ecolab from $225.00 to $190.00 in a research note on Thursday, July 14th. Wells Fargo & Company started coverage on Ecolab in a research note on Tuesday, July 12th. They issued an “overweight” rating and a $187.00 price objective on the stock. Finally, BMO Capital Markets started coverage on Ecolab in a research note on Friday, June 3rd. They issued a “hold” rating and a $191.00 price objective on the stock. Nine equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Ecolab has an average rating of “Moderate Buy” and an average 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.

See Also

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Institutional Ownership by Quarter for Ecolab (NYSE:ECL)

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