Northwest Investment Counselors LLC Has $2.14 Million Stock Position in Ecolab Inc. (NYSE:ECL)

Northwest Investment Counselors LLC lowered its stake in shares of Ecolab Inc. (NYSE:ECL) by 0.9% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 10,827 shares of the basic materials company’s stock after selling 99 shares during the quarter. Northwest Investment Counselors LLC’s holdings in Ecolab were worth $2,138,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. BlackRock Inc. boosted its stake in shares of Ecolab by 2.6% in the 1st quarter. BlackRock Inc. now owns 17,078,831 shares of the basic materials company’s stock valued at $3,015,097,000 after purchasing an additional 437,110 shares during the last quarter. Northern Trust Corp raised its position in shares of Ecolab by 0.7% in the 1st quarter. Northern Trust Corp now owns 3,199,716 shares of the basic materials company’s stock valued at $564,878,000 after acquiring an additional 22,023 shares during the period. Geode Capital Management LLC raised its position in shares of Ecolab by 10.1% in the 4th quarter. Geode Capital Management LLC now owns 3,070,398 shares of the basic materials company’s stock valued at $451,565,000 after acquiring an additional 281,532 shares during the period. Pictet Asset Management Ltd. raised its position in shares of Ecolab by 1.1% in the 1st quarter. Pictet Asset Management Ltd. now owns 2,926,302 shares of the basic materials company’s stock valued at $516,609,000 after acquiring an additional 31,033 shares during the period. Finally, California Public Employees Retirement System raised its position in shares of Ecolab by 22.8% in the 1st quarter. California Public Employees Retirement System now owns 1,626,210 shares of the basic materials company’s stock valued at $287,091,000 after acquiring an additional 301,789 shares during the period. 75.30% of the stock is currently owned by hedge funds and other institutional investors.

ECL stock traded up $0.76 during mid-day trading on Tuesday, hitting $195.11. 433,711 shares of the company were exchanged, compared to its average volume of 992,202. The company has a current ratio of 1.18, a quick ratio of 0.78 and a debt-to-equity ratio of 0.72. The company has a market cap of $57.55 billion, a price-to-earnings ratio of 37.16, a P/E/G ratio of 2.71 and a beta of 0.84. The business has a 50 day simple moving average of $196.65. Ecolab Inc. has a 1-year low of $135.77 and a 1-year high of $209.24.

Ecolab (NYSE:ECL) last announced its earnings results on Tuesday, July 30th. The basic materials company reported $1.42 EPS for the quarter, topping the consensus estimate of $1.41 by $0.01. The firm had revenue of $3.76 billion for the quarter, compared to the consensus estimate of $3.79 billion. Ecolab had a net margin of 10.12% and a return on equity of 19.81%. The business’s quarterly revenue was up 1.9% on a year-over-year basis. During the same period last year, the company posted $1.27 EPS. On average, equities research analysts forecast that Ecolab Inc. will post 5.92 EPS for the current fiscal year.

The business 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 dividend of $0.46 per share. The ex-dividend date is Monday, September 16th. This represents a $1.84 annualized dividend and a yield of 0.94%. Ecolab’s dividend payout ratio (DPR) is currently 35.05%.

ECL has been the topic of a number of analyst reports. Bank of America reiterated a “buy” rating and issued a $200.00 price target (up from $178.00) on shares of Ecolab in a research report on Wednesday, May 1st. BMO Capital Markets increased their price target on shares of Ecolab from $180.00 to $208.00 and gave the company a “market perform” rating in a research report on Monday. Credit Suisse Group set a $181.00 price target on shares of Ecolab and gave the company a “neutral” rating in a research report on Wednesday, July 31st. Citigroup increased their price target on shares of Ecolab from $190.00 to $206.00 and gave the company a “neutral” rating in a research report on Friday. Finally, Argus increased their price target on shares of Ecolab from $180.00 to $200.00 and gave the company a “buy” rating in a research report on Wednesday, May 1st. Eleven analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company has an average rating of “Hold” and an average price target of $188.60.

In other Ecolab news, EVP Elizabeth A. Simermeyer sold 3,875 shares of the firm’s stock in a transaction that occurred on Wednesday, May 22nd. The shares were sold at an average price of $183.90, for a total transaction of $712,612.50. Following the sale, the executive vice president now directly owns 10,421 shares in the company, valued at approximately $1,916,421.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Laurie M. Marsh sold 6,300 shares of the firm’s stock in a transaction that occurred on Tuesday, May 28th. The stock was sold at an average price of $182.04, for a total transaction of $1,146,852.00. Following the sale, the executive vice president now owns 17,583 shares in the company, valued at $3,200,809.32. The disclosure for this sale can be found here. Insiders have sold a total of 95,650 shares of company stock worth $18,898,540 over the last 90 days. Corporate insiders own 1.52% of the company’s stock.

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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