Ecolab Inc. (NYSE:ECL) Stock Holdings Lessened by Stephens Inc. AR

Stephens Inc. AR trimmed its stake in Ecolab Inc. (NYSE:ECL) by 3.6% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 16,033 shares of the basic materials company’s stock after selling 598 shares during the quarter. Stephens Inc. AR’s holdings in Ecolab were worth $3,166,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Thoroughbred Financial Services LLC raised its position in Ecolab by 20,154.4% during the second quarter. Thoroughbred Financial Services LLC now owns 587,581 shares of the basic materials company’s stock valued at $58,758,000 after acquiring an additional 584,680 shares in the last quarter. BlackRock Inc. raised its position in Ecolab by 2.6% during the first quarter. BlackRock Inc. now owns 17,078,831 shares of the basic materials company’s stock valued at $3,015,097,000 after acquiring an additional 437,110 shares in the last quarter. FMR LLC raised its position in Ecolab by 186.7% during the first quarter. FMR LLC now owns 620,059 shares of the basic materials company’s stock valued at $109,465,000 after acquiring an additional 403,800 shares in the last quarter. CIBC Private Wealth Group LLC raised its position in Ecolab by 59.3% during the first quarter. CIBC Private Wealth Group LLC now owns 1,083,150 shares of the basic materials company’s stock valued at $191,220,000 after acquiring an additional 403,326 shares in the last quarter. Finally, California Public Employees Retirement System raised its position in Ecolab by 22.8% during the first 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 in the last quarter. 75.32% of the stock is owned by institutional investors and hedge funds.

In other news, Director Victoria Reich sold 1,500 shares of the firm’s stock in a transaction on Thursday, June 13th. The shares were sold at an average price of $199.25, for a total value of $298,875.00. Following the sale, the director now owns 20,987 shares in the company, valued at $4,181,659.75. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Alex N. Blanco sold 51,400 shares of the firm’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $203.07, for a total transaction of $10,437,798.00. Following the completion of the sale, the executive vice president now owns 59,425 shares in the company, valued at approximately $12,067,434.75. The disclosure for this sale can be found here. In the last 90 days, insiders sold 95,650 shares of company stock worth $18,898,540. 1.52% of the stock is currently owned by corporate insiders.

Shares of Ecolab stock traded up $3.14 during midday trading on Friday, hitting $206.81. The company had a trading volume of 1,104,900 shares, compared to its average volume of 1,024,839. The business’s 50 day simple moving average is $199.61 and its two-hundred day simple moving average is $183.91. The stock has a market cap of $58.02 billion, a PE ratio of 39.39, a P/E/G ratio of 2.73 and a beta of 0.84. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.18 and a quick ratio of 0.78. Ecolab Inc. has a 1-year low of $135.77 and a 1-year high of $209.24.

Ecolab (NYSE:ECL) last announced its quarterly earnings data on Tuesday, July 30th. The basic materials company reported $1.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.41 by $0.01. The business 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%. Ecolab’s quarterly revenue was up 1.9% on a year-over-year basis. During the same quarter last year, the company posted $1.27 earnings per share. On average, sell-side analysts expect that Ecolab Inc. will post 5.92 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Tuesday, September 17th will be paid a $0.46 dividend. The ex-dividend date is Monday, September 16th. This represents a $1.84 annualized dividend and a dividend yield of 0.89%. Ecolab’s payout ratio is 35.05%.

Several brokerages recently weighed in on ECL. Nomura raised their price objective on shares of Ecolab from $208.00 to $210.00 and gave the company a “buy” rating in a research report on Wednesday, August 7th. Morgan Stanley increased their price target on Ecolab from $140.00 to $205.00 and gave the company an “equal weight” rating in a report on Monday, August 12th. Bank of America reiterated a “buy” rating and set a $200.00 price target (up previously from $178.00) on shares of Ecolab in a report on Wednesday, May 1st. Canaccord Genuity increased their price target on Ecolab from $198.00 to $222.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Finally, Citigroup increased their price target on Ecolab from $190.00 to $206.00 and gave the company a “neutral” rating in a report on Friday, August 2nd. Twelve research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $192.00.

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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