Ecolab Inc. (NYSE:ECL) Shares Bought by First Trust Direct Indexing L.P.

First Trust Direct Indexing L.P. grew its stake in Ecolab Inc. (NYSE:ECLFree Report) by 8.1% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,379 shares of the basic materials company’s stock after purchasing an additional 327 shares during the period. First Trust Direct Indexing L.P.’s holdings in Ecolab were worth $1,011,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in Ecolab by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 23,182,456 shares of the basic materials company’s stock valued at $4,598,240,000 after buying an additional 305,039 shares in the last quarter. Brown Advisory Inc. raised its stake in Ecolab by 4.2% during the fourth quarter. Brown Advisory Inc. now owns 2,264,757 shares of the basic materials company’s stock worth $449,215,000 after purchasing an additional 91,547 shares during the period. Van ECK Associates Corp raised its stake in Ecolab by 9.1% during the fourth quarter. Van ECK Associates Corp now owns 1,855,130 shares of the basic materials company’s stock worth $367,965,000 after purchasing an additional 155,151 shares during the period. Norges Bank purchased a new stake in shares of Ecolab in the 4th quarter valued at approximately $365,420,000. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Ecolab by 1.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,343,040 shares of the basic materials company’s stock valued at $266,392,000 after buying an additional 18,687 shares during the period. Institutional investors and hedge funds own 74.91% of the company’s stock.

Insiders Place Their Bets

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

Ecolab Trading Up 0.1 %

NYSE:ECL opened at $235.85 on Friday. Ecolab Inc. has a 12-month low of $156.72 and a 12-month high of $245.93. 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 stock’s 50 day simple moving average is $234.98 and its 200-day simple moving average is $220.36. The firm has a market cap of $67.35 billion, a P/E ratio of 43.68, a PEG ratio of 2.50 and a beta of 1.11.

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

Ecolab Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Tuesday, June 18th will be issued a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a yield of 0.97%. The ex-dividend date is Tuesday, June 18th. Ecolab’s dividend payout ratio is presently 42.22%.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Stifel Nicolaus raised their target price on Ecolab from $225.00 to $233.00 and gave the stock a “hold” rating in a research note on Wednesday, May 1st. BMO Capital Markets boosted their price target on shares of Ecolab from $227.00 to $234.00 and gave the company a “market perform” rating in a research note on Wednesday, May 1st. Piper Sandler assumed coverage on shares of Ecolab in a report on Wednesday, April 3rd. They issued an “overweight” rating and a $260.00 price objective on the stock. Citigroup lifted their target price on shares of Ecolab from $256.00 to $257.00 and gave the company a “neutral” rating in a report on Wednesday, May 1st. Finally, Morgan Stanley raised their price target on Ecolab from $230.00 to $240.00 and gave the stock an “equal weight” rating in a research report on Wednesday, March 27th. Eleven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $239.56.

Get Our Latest Stock Report on ECL

Ecolab 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.

Recommended Stories

Want to see what other hedge funds are holding ECL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ecolab Inc. (NYSE:ECLFree Report).

Institutional Ownership by Quarter for Ecolab (NYSE:ECL)

Receive News & Ratings for Ecolab Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ecolab and related companies with MarketBeat.com's FREE daily email newsletter.