Logan Capital Management Inc. Sells 69 Shares of Ecolab Inc. (NYSE:ECL)

Logan Capital Management Inc. trimmed its holdings in Ecolab Inc. (NYSE:ECLFree Report) by 3.6% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 1,861 shares of the basic materials company’s stock after selling 69 shares during the quarter. Logan Capital Management Inc.’s holdings in Ecolab were worth $369,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. First Personal Financial Services bought a new position in Ecolab during the fourth quarter valued at approximately $26,000. Hexagon Capital Partners LLC boosted its stake in shares of Ecolab by 150.0% in the 4th quarter. Hexagon Capital Partners LLC now owns 135 shares of the basic materials company’s stock worth $27,000 after buying an additional 81 shares during the last quarter. Motco bought a new stake in shares of Ecolab in the fourth quarter worth $28,000. Fortitude Family Office LLC purchased a new stake in Ecolab during the fourth quarter valued at $29,000. Finally, DSM Capital Partners LLC purchased a new position in Ecolab in the fourth quarter worth about $37,000. Hedge funds and other institutional investors own 74.91% of the company’s stock.

Insider Activity

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

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on ECL. UBS Group increased their price objective on shares of Ecolab from $269.00 to $270.00 and gave the stock a “buy” rating in a research note on Tuesday, May 21st. Wolfe Research started coverage on Ecolab in a research note on Friday, March 1st. They issued a “peer perform” rating on the stock. BMO Capital Markets increased their target price on shares of Ecolab from $227.00 to $234.00 and gave the stock a “market perform” rating in a report on Wednesday, May 1st. Robert W. Baird lifted 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. Finally, 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 note on Wednesday, May 1st. Eleven analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $239.56.

Get Our Latest Research Report on ECL

Ecolab Stock Down 0.2 %

NYSE ECL opened at $238.77 on Tuesday. The stock has a 50 day moving average price of $228.45 and a 200-day moving average price of $214.63. Ecolab Inc. has a one year low of $156.72 and a one year high of $240.61. The company has a market capitalization of $68.19 billion, a P/E ratio of 44.22, a P/E/G ratio of 2.53 and a beta of 1.12. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.99 and a current ratio of 1.41.

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

Ecolab Announces Dividend

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

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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