Robeco Institutional Asset Management B.V. Lowers Position in Ecolab Inc. (NYSE:ECL)

Robeco Institutional Asset Management B.V. lessened its position in Ecolab Inc. (NYSE:ECL) by 0.2% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 157,450 shares of the basic materials company’s stock after selling 344 shares during the quarter. Robeco Institutional Asset Management B.V. owned approximately 0.05% of Ecolab worth $31,085,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Focused Wealth Management Inc purchased a new position in Ecolab during the second quarter valued at $30,000. Commonwealth Equity Services LLC raised its stake in Ecolab by 29.0% during the second quarter. Commonwealth Equity Services LLC now owns 66,709 shares of the basic materials company’s stock valued at $13,171,000 after buying an additional 14,977 shares during the last quarter. Bristlecone Advisors LLC raised its stake in Ecolab by 5.4% during the second quarter. Bristlecone Advisors LLC now owns 14,865 shares of the basic materials company’s stock valued at $2,935,000 after buying an additional 761 shares during the last quarter. Meridian Wealth Management LLC purchased a new position in Ecolab during the second quarter valued at $62,000. Finally, Winslow Evans & Crocker Inc. raised its stake in Ecolab by 5.0% during the second quarter. Winslow Evans & Crocker Inc. now owns 3,156 shares of the basic materials company’s stock valued at $624,000 after buying an additional 150 shares during the last quarter. Institutional investors own 75.33% of the company’s stock.

Shares of Ecolab stock traded down $0.94 on Friday, reaching $199.99. The company’s stock had a trading volume of 1,178,772 shares, compared to its average volume of 918,269. The company has a market cap of $57.65 billion, a P/E ratio of 38.09, a price-to-earnings-growth ratio of 2.74 and a beta of 0.84. The company’s fifty day moving average price is $196.66. Ecolab Inc. has a 52 week low of $135.77 and a 52 week high of $209.24. The company has a quick ratio of 0.75, a current ratio of 1.18 and a debt-to-equity ratio of 0.72.

Ecolab (NYSE:ECL) last posted its earnings results on Tuesday, July 30th. The basic materials company reported $1.42 EPS for the quarter, topping the Zacks’ consensus estimate of $1.41 by $0.01. The business had revenue of $3.76 billion during the quarter, compared to analyst estimates of $3.79 billion. Ecolab had a return on equity of 19.81% and a net margin of 10.12%. The company’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same quarter last year, the company earned $1.27 EPS. As a group, analysts expect that Ecolab Inc. will post 5.92 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Tuesday, September 17th will be issued a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a dividend yield of 0.92%. Ecolab’s payout ratio is 35.05%.

In related news, EVP Alex N. Blanco sold 51,400 shares of Ecolab stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $203.07, for a total value of $10,437,798.00. Following the completion of the sale, the executive vice president now owns 59,425 shares of the company’s stock, valued at $12,067,434.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Timothy P. Mulhere sold 10,000 shares of Ecolab stock in a transaction on Friday, June 14th. The stock was sold at an average price of $198.17, for a total value of $1,981,700.00. Following the completion of the sale, the executive vice president now directly owns 13,066 shares of the company’s stock, valued at approximately $2,589,289.22. The disclosure for this sale can be found here. In the last three months, insiders sold 124,950 shares of company stock valued at $24,147,342. Corporate insiders own 1.52% of the company’s stock.

A number of research analysts have issued reports on the company. Citigroup lifted their price objective on Ecolab from $190.00 to $206.00 and gave the company a “neutral” rating in a research note on Friday. BMO Capital Markets lifted their price objective on Ecolab from $169.00 to $180.00 and gave the company a “market perform” rating in a research note on Thursday, May 2nd. UBS Group set a $202.00 price objective on Ecolab and gave the company a “hold” rating in a research note on Wednesday. Bank of America reissued a “buy” rating and issued a $200.00 target price (up previously from $178.00) on shares of Ecolab in a report on Wednesday, May 1st. Finally, Edward Jones lowered Ecolab from a “buy” rating to a “hold” rating in a report on Friday, April 5th. Eleven equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $186.73.

Ecolab Company 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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