Dudley & Shanley Inc. Has $21.82 Million Position in Ecolab Inc. (ECL)

Dudley & Shanley Inc. cut its position in shares of Ecolab Inc. (NYSE:ECL) by 0.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 155,510 shares of the basic materials company’s stock after selling 800 shares during the period. Ecolab accounts for 4.2% of Dudley & Shanley Inc.’s holdings, making the stock its 14th biggest position. Dudley & Shanley Inc. owned about 0.05% of Ecolab worth $21,823,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Renaissance Technologies LLC purchased a new stake in Ecolab in the fourth quarter worth about $9,489,000. LPL Financial LLC lifted its holdings in Ecolab by 16.2% in the fourth quarter. LPL Financial LLC now owns 56,215 shares of the basic materials company’s stock worth $7,543,000 after buying an additional 7,842 shares during the period. Macquarie Group Ltd. lifted its holdings in Ecolab by 2,267.6% in the fourth quarter. Macquarie Group Ltd. now owns 118,000 shares of the basic materials company’s stock worth $15,899,000 after buying an additional 113,016 shares during the period. Glenmede Trust Co. NA increased its stake in shares of Ecolab by 6.9% during the fourth quarter. Glenmede Trust Co. NA now owns 10,851 shares of the basic materials company’s stock valued at $1,455,000 after purchasing an additional 700 shares in the last quarter. Finally, OLD Mutual Customised Solutions Proprietary Ltd. increased its stake in shares of Ecolab by 48.4% during the fourth quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 13,796 shares of the basic materials company’s stock valued at $1,851,000 after purchasing an additional 4,500 shares in the last quarter. 75.78% of the stock is currently owned by hedge funds and other institutional investors.

ECL has been the subject of a number of analyst reports. Zacks Investment Research downgraded shares of Ecolab from a “buy” rating to a “hold” rating in a research note on Monday, April 30th. Credit Suisse Group raised their target price on shares of Ecolab from $137.00 to $140.00 and gave the company a “neutral” rating in a research note on Wednesday, May 2nd. Citigroup reaffirmed an “outperform” rating and set a $141.00 target price on shares of Ecolab in a research note on Monday, May 7th. Canaccord Genuity set a $155.00 target price on shares of Ecolab and gave the company a “buy” rating in a research note on Tuesday, April 24th. Finally, Nomura reaffirmed a “hold” rating and set a $146.00 target price on shares of Ecolab in a research note on Wednesday, August 1st. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and nine have issued a buy rating to the stock. Ecolab presently has an average rating of “Hold” and an average target price of $146.18.

In other Ecolab news, Director David Maclennan purchased 500 shares of the company’s stock in a transaction dated Thursday, August 2nd. The shares were acquired at an average price of $146.40 per share, for a total transaction of $73,200.00. Following the purchase, the director now directly owns 2,128 shares of the company’s stock, valued at approximately $311,539.20. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Roberto Inchaustegui sold 10,600 shares of Ecolab stock in a transaction on Thursday, August 2nd. The stock was sold at an average price of $145.71, for a total transaction of $1,544,526.00. Following the transaction, the executive vice president now owns 33,202 shares in the company, valued at approximately $4,837,863.42. The disclosure for this sale can be found here. Insiders sold 42,800 shares of company stock worth $6,308,471 in the last 90 days. 1.50% of the stock is currently owned by corporate insiders.

Shares of ECL stock opened at $146.86 on Friday. Ecolab Inc. has a 12-month low of $125.74 and a 12-month high of $150.46. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.84 and a current ratio of 1.27. The company has a market capitalization of $42.71 billion, a P/E ratio of 29.93, a P/E/G ratio of 2.15 and a beta of 0.95.

Ecolab (NYSE:ECL) last issued its earnings results on Tuesday, July 31st. The basic materials company reported $1.27 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.27. Ecolab had a net margin of 10.83% and a return on equity of 18.96%. The company had revenue of $3.69 billion for the quarter, compared to analysts’ expectations of $3.69 billion. During the same quarter last year, the company posted $1.13 earnings per share. The firm’s quarterly revenue was up 6.6% on a year-over-year basis. equities analysts predict that Ecolab Inc. will post 5.38 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, October 15th. Investors of record on Tuesday, September 18th will be issued a $0.41 dividend. This represents a $1.64 annualized dividend and a yield of 1.12%. The ex-dividend date of this dividend is Monday, September 17th. Ecolab’s dividend payout ratio is currently 34.97%.

Ecolab Company Profile

Ecolab Inc provides water, hygiene, and energy technologies and services for customers worldwide. The company operates through Global Industrial, Global Institutional, and Global Energy segments. The Global Industrial segment provides water treatment and process applications, and cleaning and sanitizing solutions primarily to large industrial customers within the manufacturing, food and beverage processing, chemical, mining and primary metals, power generation, pulp and paper, and commercial laundry industries.

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Institutional Ownership by Quarter for Ecolab (NYSE:ECL)

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