Goelzer Investment Management Inc. Sells 842 Shares of Ecolab Inc. (NYSE:ECL)

Goelzer Investment Management Inc. cut its holdings in Ecolab Inc. (NYSE:ECLFree Report) by 26.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,284 shares of the basic materials company’s stock after selling 842 shares during the quarter. Goelzer Investment Management Inc.’s holdings in Ecolab were worth $527,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of ECL. Vanguard Group Inc. boosted its stake 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 worth $4,598,240,000 after purchasing an additional 305,039 shares in the last quarter. Brown Advisory Inc. increased its position in shares of Ecolab by 4.2% during the fourth quarter. Brown Advisory Inc. now owns 2,264,757 shares of the basic materials company’s stock valued at $449,215,000 after acquiring an additional 91,547 shares in the last quarter. Van ECK Associates Corp raised its holdings in Ecolab by 9.1% in the 4th quarter. Van ECK Associates Corp now owns 1,855,130 shares of the basic materials company’s stock worth $367,965,000 after acquiring an additional 155,151 shares during the last quarter. Norges Bank bought a new position in Ecolab in the 4th quarter valued at approximately $365,420,000. Finally, Charles Schwab Investment Management Inc. boosted its stake in 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 purchasing an additional 18,687 shares during the last quarter. 74.91% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

ECL has been the topic of a number of research analyst reports. Raymond James upped their price target on Ecolab from $230.00 to $250.00 and gave the company an “outperform” rating in a report on Wednesday, April 3rd. Robert W. Baird raised 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. UBS Group boosted their price objective on shares of Ecolab from $269.00 to $270.00 and gave the company a “buy” rating in a report on Tuesday, May 21st. JPMorgan Chase & Co. raised their target price on shares of Ecolab from $220.00 to $225.00 and gave the stock a “neutral” rating in a report on Wednesday, May 1st. Finally, Morgan Stanley boosted their target price on shares of Ecolab from $230.00 to $240.00 and gave the company an “equal weight” rating in a research note on Wednesday, March 27th. Nine research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, Ecolab has a consensus rating of “Moderate Buy” and a consensus target price of $242.69.

View Our Latest Stock Report on Ecolab

Ecolab Price Performance

ECL stock traded up $5.51 during trading on Monday, reaching $243.70. The company’s stock had a trading volume of 493,195 shares, compared to its average volume of 1,163,560. The company has a quick ratio of 0.99, a current ratio of 1.41 and a debt-to-equity ratio of 0.92. The company’s fifty day moving average is $235.32 and its 200-day moving average is $221.00. The company has a market capitalization of $69.59 billion, a P/E ratio of 44.11, a price-to-earnings-growth ratio of 2.52 and a beta of 1.11. Ecolab Inc. has a 1 year low of $156.72 and a 1 year high of $245.93.

Ecolab (NYSE:ECLGet Free Report) last issued its earnings results on Tuesday, April 30th. The basic materials company reported $1.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.33 by $0.01. Ecolab had a return on equity of 20.56% and a net margin of 10.01%. The company had revenue of $3.75 billion for the quarter, compared to the consensus estimate of $3.74 billion. During the same quarter last year, the company earned $0.88 EPS. The firm’s quarterly revenue was up 5.0% on a year-over-year basis. On average, research analysts expect that Ecolab Inc. will post 6.59 earnings per share for the current fiscal year.

Ecolab Announces Dividend

The business also recently declared 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. The ex-dividend date is Tuesday, June 18th. This represents a $2.28 dividend on an annualized basis and a yield of 0.94%. Ecolab’s dividend payout ratio is currently 42.22%.

Insiders Place Their Bets

In other news, Director Arthur J. Higgins sold 4,500 shares of Ecolab stock in a transaction dated 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 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 the SEC website. In other Ecolab news, Director Arthur J. Higgins sold 4,500 shares of the 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 completion of the transaction, the director now owns 25,548 shares in the company, valued at $5,812,680.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director David Maclennan bought 650 shares of Ecolab stock in a transaction dated Friday, May 3rd. The stock was acquired 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 in the company, valued at $3,890,528.07. The disclosure for this purchase can be found here. Corporate insiders own 0.50% of the company’s stock.

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.

Further Reading

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Institutional Ownership by Quarter for Ecolab (NYSE:ECL)

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