Ecolab Inc. (NYSE:ECL) Shares Bought by Renaissance Investment Group LLC

Renaissance Investment Group LLC boosted its holdings in Ecolab Inc. (NYSE:ECL) by 11.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,670 shares of the basic materials company’s stock after purchasing an additional 275 shares during the period. Renaissance Investment Group LLC’s holdings in Ecolab were worth $471,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of ECL. Thrivent Financial for Lutherans grew its position in Ecolab by 1.8% during the 4th quarter. Thrivent Financial for Lutherans now owns 11,349 shares of the basic materials company’s stock worth $1,672,000 after purchasing an additional 200 shares during the last quarter. APG Asset Management N.V. lifted its stake in shares of Ecolab by 15.8% in the 4th quarter. APG Asset Management N.V. now owns 477,737 shares of the basic materials company’s stock valued at $61,579,000 after purchasing an additional 65,300 shares during the period. Municipal Employees Retirement System of Michigan acquired a new position in shares of Ecolab in the 4th quarter valued at $1,014,000. Royal London Asset Management Ltd. lifted its stake in shares of Ecolab by 31.1% in the 4th quarter. Royal London Asset Management Ltd. now owns 245,193 shares of the basic materials company’s stock valued at $35,399,000 after purchasing an additional 58,182 shares during the period. Finally, Bank of America Corp DE lifted its stake in shares of Ecolab by 0.9% in the 4th quarter. Bank of America Corp DE now owns 4,447,561 shares of the basic materials company’s stock valued at $655,348,000 after purchasing an additional 39,640 shares during the period. 76.32% of the stock is owned by institutional investors and hedge funds.

In related news, EVP Roberto Inchaustegui sold 37,200 shares of the firm’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $169.08, for a total transaction of $6,289,776.00. Following the completion of the transaction, the executive vice president now owns 41,232 shares of the company’s stock, valued at $6,971,506.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Timothy P. Mulhere sold 11,600 shares of the stock in a transaction on Monday, March 18th. The shares were sold at an average price of $174.39, for a total value of $2,022,924.00. Following the completion of the transaction, the executive vice president now owns 34,666 shares of the company’s stock, valued at approximately $6,045,403.74. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 335,758 shares of company stock worth $57,738,346. 1.52% of the stock is currently owned by corporate insiders.

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

Ecolab (NYSE:ECL) last issued its earnings results on Tuesday, April 30th. The basic materials company reported $1.03 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.02 by $0.01. The business had revenue of $3.51 billion during the quarter, compared to analysts’ expectations of $3.57 billion. Ecolab had a return on equity of 19.50% and a net margin of 10.06%. The company’s revenue for the quarter was up 1.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.91 EPS. On average, analysts expect that Ecolab Inc. will post 5.91 earnings per share for the current fiscal year.

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 $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a yield of 1.02%. The ex-dividend date of this dividend is Monday, June 17th. Ecolab’s dividend payout ratio is presently 35.05%.

A number of equities analysts have weighed in on ECL shares. Zacks Investment Research cut shares of Ecolab from a “hold” rating to a “sell” rating in a research report on Wednesday, January 16th. Boenning Scattergood reiterated a “buy” rating and issued a $210.00 target price on shares of Ecolab in a research report on Tuesday, February 5th. Seaport Global Securities reissued a “neutral” rating on shares of Ecolab in a report on Tuesday, February 5th. JPMorgan Chase & Co. lowered shares of Ecolab from an “overweight” rating to a “neutral” rating and upped their price objective for the company from $157.00 to $167.00 in a report on Wednesday, February 20th. Finally, Canaccord Genuity reaffirmed a “buy” rating and set a $186.00 target price (up previously from $160.00) on shares of Ecolab in a research note on Wednesday, February 20th. Eleven research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $180.93.

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About Ecolab

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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