First Hawaiian Bank Sells 224 Shares of Ecolab Inc. (ECL)

First Hawaiian Bank lessened its holdings in shares of Ecolab Inc. (NYSE:ECL) by 1.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,621 shares of the basic materials company’s stock after selling 224 shares during the period. First Hawaiian Bank’s holdings in Ecolab were worth $3,994,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the business. Tributary Capital Management LLC acquired a new position in shares of Ecolab during the fourth quarter worth $25,000. Athena Capital Advisors LLC acquired a new position in shares of Ecolab during the fourth quarter worth $25,000. Liberty Wealth Management LLC acquired a new position in shares of Ecolab during the fourth quarter worth $27,000. Oregon Public Employees Retirement Fund increased its position in shares of Ecolab by 14,455.4% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 4,084,837 shares of the basic materials company’s stock worth $28,000 after purchasing an additional 4,056,773 shares in the last quarter. Finally, Ruggie Capital Group acquired a new position in shares of Ecolab during the fourth quarter worth $30,000. Institutional investors and hedge funds own 76.31% of the company’s stock.

In other news, EVP Roberto Inchaustegui sold 37,200 shares of the firm’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $169.08, for a total value of $6,289,776.00. Following the sale, the executive vice president now directly owns 41,232 shares in the company, valued at approximately $6,971,506.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Daniel J. Schmechel sold 9,799 shares of the firm’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $169.93, for a total transaction of $1,665,144.07. Following the completion of the sale, the chief financial officer now owns 171,040 shares in the company, valued at $29,064,827.20. The disclosure for this sale can be found here. Insiders sold a total of 303,489 shares of company stock valued at $51,945,415 in the last three months. 1.52% of the stock is currently owned by corporate insiders.

A number of equities research analysts have recently weighed in on ECL shares. Zacks Investment Research lowered shares of Ecolab from a “hold” rating to a “sell” rating in a report on Monday, December 31st. Robert W. Baird set a $166.00 price target on shares of Ecolab and gave the company a “hold” rating in a report on Wednesday, February 20th. Edward Jones lowered shares of Ecolab from a “buy” rating to a “hold” rating in a report on Friday, April 5th. Boenning Scattergood reaffirmed a “buy” rating and issued a $210.00 price target on shares of Ecolab in a report on Tuesday, February 5th. Finally, JPMorgan Chase & Co. lowered shares of Ecolab from an “overweight” rating to a “neutral” rating and increased their target price for the stock from $157.00 to $167.00 in a research note on Wednesday, February 20th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and six have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $168.64.

Shares of NYSE ECL opened at $184.54 on Thursday. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.27 and a quick ratio of 0.85. The company has a market cap of $53.17 billion, a PE ratio of 35.12, a PEG ratio of 2.50 and a beta of 0.89. Ecolab Inc. has a 1 year low of $135.77 and a 1 year high of $186.34.

Ecolab (NYSE:ECL) last posted its quarterly earnings data on Tuesday, February 19th. The basic materials company reported $1.54 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $1.54. The firm had revenue of $3.76 billion during the quarter, compared to analysts’ expectations of $3.76 billion. Ecolab had a net margin of 9.74% and a return on equity of 19.44%. The firm’s quarterly revenue was up 3.1% on a year-over-year basis. During the same quarter last year, the company posted $1.38 EPS. On average, sell-side analysts expect that Ecolab Inc. will post 5.91 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Tuesday, March 19th were given a dividend of $0.46 per share. The ex-dividend date of this dividend was Monday, March 18th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.00%. Ecolab’s payout ratio is currently 35.05%.

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Ecolab Profile

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

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Institutional Ownership by Quarter for Ecolab (NYSE:ECL)

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