Atria Investments LLC Acquires 6,727 Shares of Ecolab Inc. (NYSE:ECL)

Atria Investments LLC increased its holdings in shares of Ecolab Inc. (NYSE:ECLGet Rating) by 40.0% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 23,563 shares of the basic materials company’s stock after purchasing an additional 6,727 shares during the period. Atria Investments LLC’s holdings in Ecolab were worth $3,403,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Smith Salley & Associates grew its holdings in Ecolab by 4.4% during the third quarter. Smith Salley & Associates now owns 4,658 shares of the basic materials company’s stock worth $673,000 after purchasing an additional 198 shares during the period. Mitchell & Pahl Private Wealth LLC boosted its holdings in shares of Ecolab by 3.5% during the third quarter. Mitchell & Pahl Private Wealth LLC now owns 11,342 shares of the basic materials company’s stock worth $1,638,000 after acquiring an additional 380 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its holdings in shares of Ecolab by 22.9% during the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 205,308 shares of the basic materials company’s stock worth $29,651,000 after acquiring an additional 38,274 shares during the period. McCollum Christoferson Group LLC boosted its holdings in shares of Ecolab by 46.9% during the third quarter. McCollum Christoferson Group LLC now owns 65,279 shares of the basic materials company’s stock worth $9,428,000 after acquiring an additional 20,831 shares during the period. Finally, Bristol John W & Co. Inc. NY boosted its holdings in shares of Ecolab by 0.7% during the third quarter. Bristol John W & Co. Inc. NY now owns 282,462 shares of the basic materials company’s stock worth $40,793,000 after acquiring an additional 1,977 shares during the period. Institutional investors own 86.76% of the company’s stock.

Ecolab Stock Up 0.7 %

Shares of ECL opened at $154.43 on Monday. Ecolab Inc. has a one year low of $131.04 and a one year high of $221.57. The company has a market cap of $43.99 billion, a P/E ratio of 39.30, a P/E/G ratio of 2.41 and a beta of 0.98. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.35 and a quick ratio of 0.87. The firm has a 50 day simple moving average of $148.06 and a two-hundred day simple moving average of $154.28.

Ecolab (NYSE:ECLGet Rating) last announced its quarterly earnings data on Tuesday, November 1st. The basic materials company reported $1.30 EPS for the quarter, missing the consensus estimate of $1.33 by ($0.03). Ecolab had a net margin of 8.13% and a return on equity of 18.10%. The firm had revenue of $3.67 billion for the quarter, compared to analyst estimates of $3.68 billion. Research analysts forecast that Ecolab Inc. will post 4.47 EPS for the current fiscal year.

Ecolab Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 17th. Shareholders of record on Tuesday, December 20th will be paid a dividend of $0.53 per share. This represents a $2.12 dividend on an annualized basis and a dividend yield of 1.37%. The ex-dividend date is Monday, December 19th. This is a boost from Ecolab’s previous quarterly dividend of $0.51. Ecolab’s payout ratio is presently 53.94%.

Insiders Place Their Bets

In related news, Director David Maclennan bought 800 shares of the firm’s stock in a transaction on Tuesday, November 8th. The shares were purchased at an average price of $139.66 per share, with a total value of $111,728.00. Following the completion of the purchase, the director now owns 12,597 shares in the company, valued at approximately $1,759,297.02. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 1.04% of the company’s stock.

Wall Street Analyst Weigh In

ECL has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft cut Ecolab from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $165.00 to $135.00 in a report on Wednesday, November 2nd. Wells Fargo & Company boosted their price objective on Ecolab from $160.00 to $168.00 and gave the stock an “overweight” rating in a report on Friday. StockNews.com initiated coverage on Ecolab in a report on Wednesday, October 12th. They set a “hold” rating for the company. Morgan Stanley reduced their price objective on Ecolab from $181.00 to $145.00 and set an “equal weight” rating for the company in a report on Monday, November 7th. Finally, BMO Capital Markets dropped their price target on shares of Ecolab from $169.00 to $143.00 and set a “market perform” rating for the company in a research report on Thursday, November 3rd. Ten equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $174.69.

About Ecolab

(Get Rating)

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.

Further Reading

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Institutional Ownership by Quarter for Ecolab (NYSE:ECL)

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