Clear Harbor Asset Management LLC Sells 262 Shares of Ecolab Inc. (NYSE:ECL)

Clear Harbor Asset Management LLC decreased its holdings in Ecolab Inc. (NYSE:ECL) by 1.8% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 13,944 shares of the basic materials company’s stock after selling 262 shares during the period. Clear Harbor Asset Management LLC’s holdings in Ecolab were worth $2,462,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of ECL. Sowell Financial Services LLC boosted its holdings in shares of Ecolab by 1.6% during the 4th quarter. Sowell Financial Services LLC now owns 3,824 shares of the basic materials company’s stock valued at $564,000 after acquiring an additional 60 shares in the last quarter. Rothschild Investment Corp IL lifted its holdings in Ecolab by 5.1% during the 4th quarter. Rothschild Investment Corp IL now owns 1,450 shares of the basic materials company’s stock worth $214,000 after buying an additional 70 shares during the period. Parkside Financial Bank & Trust lifted its holdings in Ecolab by 50.7% during the 4th quarter. Parkside Financial Bank & Trust now owns 214 shares of the basic materials company’s stock worth $31,000 after buying an additional 72 shares during the period. United Capital Management of KS Inc. lifted its holdings in Ecolab by 2.3% during the 4th quarter. United Capital Management of KS Inc. now owns 3,296 shares of the basic materials company’s stock worth $486,000 after buying an additional 73 shares during the period. Finally, Renaissance Investment Group LLC lifted its holdings in Ecolab by 3.2% during the 4th quarter. Renaissance Investment Group LLC now owns 2,395 shares of the basic materials company’s stock worth $353,000 after buying an additional 75 shares during the period. Institutional investors own 76.32% of the company’s stock.

In related news, SVP Bruno Lavandier sold 2,969 shares of the company’s stock in a transaction that occurred on Thursday, May 2nd. The stock was sold at an average price of $183.27, for a total value of $544,128.63. Following the transaction, the senior vice president now owns 7,732 shares in the company, valued at $1,417,043.64. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Angela M. Busch sold 3,027 shares of the company’s stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $172.26, for a total value of $521,431.02. Following the completion of the transaction, the executive vice president now owns 18,907 shares in the company, valued at approximately $3,256,919.82. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 335,758 shares of company stock valued at $57,738,346. 1.52% of the stock is currently owned by corporate insiders.

ECL stock opened at $181.07 on Friday. The company has a market capitalization of $52.10 billion, a PE ratio of 34.49, a price-to-earnings-growth ratio of 2.46 and a beta of 0.89. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.14 and a quick ratio of 0.75. Ecolab Inc. has a 12-month low of $135.77 and a 12-month high of $186.34.

Ecolab (NYSE:ECL) last released its earnings results on Tuesday, April 30th. The basic materials company reported $1.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.02 by $0.01. The company had revenue of $3.51 billion during the quarter, compared to analyst estimates of $3.57 billion. Ecolab had a return on equity of 19.50% and a net margin of 10.06%. Ecolab’s quarterly revenue was up 1.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.91 earnings per share. Analysts anticipate that Ecolab Inc. will post 5.91 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Tuesday, June 18th will be issued a $0.46 dividend. This represents a $1.84 annualized dividend and a dividend yield of 1.02%. The ex-dividend date of this dividend is Monday, June 17th. Ecolab’s dividend payout ratio is presently 35.05%.

Several research analysts have commented on the company. Zacks Investment Research downgraded Ecolab from a “hold” rating to a “sell” rating in a report on Wednesday, April 24th. Canaccord Genuity boosted their target price on Ecolab from $186.00 to $198.00 and gave the company a “buy” rating in a research report on Wednesday, May 1st. Argus boosted their target price on Ecolab from $180.00 to $200.00 and gave the company a “buy” rating in a research report on Wednesday, May 1st. Nomura decreased their target price on Ecolab from $210.00 to $208.00 and set a “buy” rating for the company in a research report on Thursday, May 2nd. Finally, UBS Group boosted their target price on Ecolab from $186.00 to $191.00 and gave the company a “neutral” rating in a research report on Wednesday, May 1st. Eleven equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $180.93.

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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.

See Also: What is Cost of Goods Sold (COGS)?

Institutional Ownership by Quarter for Ecolab (NYSE:ECL)

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