Sequoia Financial Advisors LLC Sells 110,485 Shares of Ecolab Inc. (NYSE:ECL)

Sequoia Financial Advisors LLC decreased its holdings in Ecolab Inc. (NYSE:ECLFree Report) by 96.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,564 shares of the basic materials company’s stock after selling 110,485 shares during the period. Sequoia Financial Advisors LLC’s holdings in Ecolab were worth $1,054,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. First Personal Financial Services purchased a new position in Ecolab in the 4th quarter worth about $26,000. Hexagon Capital Partners LLC grew its stake in shares of Ecolab by 150.0% in the fourth quarter. Hexagon Capital Partners LLC now owns 135 shares of the basic materials company’s stock worth $27,000 after acquiring an additional 81 shares during the period. Motco purchased a new position in shares of Ecolab during the fourth quarter valued at approximately $28,000. Fortitude Family Office LLC bought a new position in Ecolab during the fourth quarter valued at approximately $29,000. Finally, Rise Advisors LLC boosted its holdings in Ecolab by 2,042.9% in the first quarter. Rise Advisors LLC now owns 150 shares of the basic materials company’s stock worth $35,000 after purchasing an additional 143 shares during the last quarter. Hedge funds and other institutional investors own 74.91% of the company’s stock.

Insider Activity at Ecolab

In related news, Director Arthur J. Higgins sold 4,500 shares of the company’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $227.52, for a total transaction of $1,023,840.00. Following the sale, the director now owns 25,548 shares of the company’s stock, valued at $5,812,680.96. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Ecolab news, Director Arthur J. Higgins sold 4,500 shares of the business’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 transaction of $1,023,840.00. Following the sale, the director now directly owns 25,548 shares of the company’s stock, valued at $5,812,680.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director David Maclennan acquired 650 shares of the stock in a transaction dated Friday, May 3rd. The stock was bought at an average cost of $227.37 per share, with a total value of $147,790.50. Following the completion of the purchase, the director now directly owns 17,111 shares in the company, valued at $3,890,528.07. The disclosure for this purchase can be found here. 0.50% of the stock is currently owned by insiders.

Ecolab Stock Up 1.0 %

NYSE ECL opened at $238.19 on Friday. The stock has a market cap of $68.02 billion, a PE ratio of 44.11, a P/E/G ratio of 2.52 and a beta of 1.11. The company has a current ratio of 1.41, a quick ratio of 0.99 and a debt-to-equity ratio of 0.92. Ecolab Inc. has a 12 month low of $156.72 and a 12 month high of $245.93. The stock’s 50 day moving average is $235.32 and its 200 day moving average is $220.82.

Ecolab (NYSE:ECLGet Free Report) last announced its quarterly earnings results 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. Ecolab had a net margin of 10.01% and a return on equity of 20.56%. The company had revenue of $3.75 billion for the quarter, compared to the consensus estimate of $3.74 billion. During the same period in the previous year, the firm posted $0.88 EPS. Ecolab’s revenue for the quarter was up 5.0% compared to the same quarter last year. Research 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 given a dividend of $0.57 per share. The ex-dividend date of this dividend is Tuesday, June 18th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 0.96%. Ecolab’s dividend payout ratio is currently 42.22%.

Analysts Set New Price Targets

Several research firms have recently weighed in on ECL. JPMorgan Chase & Co. increased their price target on Ecolab from $220.00 to $225.00 and gave the company a “neutral” rating in a report on Wednesday, May 1st. Raymond James raised their target price on Ecolab from $230.00 to $250.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 3rd. Piper Sandler began coverage on shares of Ecolab in a research report on Wednesday, April 3rd. They set an “overweight” rating and a $260.00 price target for the company. BMO Capital Markets increased their price objective on shares of Ecolab from $227.00 to $234.00 and gave the stock a “market perform” rating in a research note on Wednesday, May 1st. Finally, Citigroup boosted their target price on shares of Ecolab from $256.00 to $257.00 and gave the company a “neutral” rating in a research report on Wednesday, May 1st. Ten research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, Ecolab presently has a consensus rating of “Hold” and a consensus price target of $239.56.

Get Our Latest Analysis on Ecolab

About Ecolab

(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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