DekaBank Deutsche Girozentrale reduced its holdings in shares of Ecolab Inc. (NYSE:ECL – Free Report) by 0.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 282,134 shares of the basic materials company’s stock after selling 1,614 shares during the quarter. DekaBank Deutsche Girozentrale owned approximately 0.10% of Ecolab worth $75,479,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of ECL. Vanguard Group Inc. raised its stake in shares of Ecolab by 1.1% during the 1st quarter. Vanguard Group Inc. now owns 24,411,233 shares of the basic materials company’s stock worth $6,188,736,000 after purchasing an additional 261,489 shares during the period. Pictet Asset Management Holding SA grew its position in Ecolab by 2.3% during the first quarter. Pictet Asset Management Holding SA now owns 4,089,226 shares of the basic materials company’s stock valued at $1,036,485,000 after buying an additional 93,409 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Ecolab by 4.0% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 3,805,952 shares of the basic materials company’s stock worth $964,885,000 after buying an additional 145,902 shares during the last quarter. Royal Bank of Canada raised its position in Ecolab by 0.8% in the first quarter. Royal Bank of Canada now owns 3,577,229 shares of the basic materials company’s stock worth $906,900,000 after acquiring an additional 27,619 shares during the period. Finally, Goldman Sachs Group Inc. boosted its stake in Ecolab by 6.8% in the first quarter. Goldman Sachs Group Inc. now owns 2,718,340 shares of the basic materials company’s stock valued at $689,154,000 after acquiring an additional 173,298 shares during the last quarter. Institutional investors own 74.91% of the company’s stock.
Ecolab Trading Down 0.7%
Shares of ECL opened at $278.09 on Wednesday. Ecolab Inc. has a twelve month low of $221.62 and a twelve month high of $286.04. The stock has a market cap of $78.87 billion, a PE ratio of 37.13, a P/E/G ratio of 2.88 and a beta of 1.09. The company has a quick ratio of 1.12, a current ratio of 1.44 and a debt-to-equity ratio of 0.80. The business’s 50-day moving average price is $274.66 and its 200-day moving average price is $264.23.
Ecolab Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 16th were issued a $0.65 dividend. The ex-dividend date of this dividend was Tuesday, September 16th. This represents a $2.60 annualized dividend and a dividend yield of 0.9%. Ecolab’s dividend payout ratio is presently 34.71%.
Analysts Set New Price Targets
Several brokerages have recently issued reports on ECL. Robert W. Baird raised their price target on shares of Ecolab from $300.00 to $306.00 and gave the stock an “outperform” rating in a research note on Friday, September 5th. Mizuho boosted their target price on Ecolab from $285.00 to $305.00 and gave the company an “outperform” rating in a research note on Tuesday, July 15th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Ecolab in a research report on Wednesday, October 8th. Citigroup reiterated a “buy” rating on shares of Ecolab in a research note on Monday, October 6th. Finally, Oppenheimer upgraded Ecolab to an “outperform” rating in a research note on Wednesday, July 30th. Three analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Ecolab presently has a consensus rating of “Moderate Buy” and an average target price of $290.92.
View Our Latest Research Report on ECL
Insider Buying and Selling
In other Ecolab news, Director Suzanne M. Vautrinot sold 1,354 shares of the company’s stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $283.16, for a total value of $383,398.64. Following the transaction, the director directly owned 11,199 shares in the company, valued at $3,171,108.84. This represents a 10.79% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Jennifer J. Bradway sold 807 shares of the firm’s stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $279.28, for a total value of $225,378.96. Following the completion of the sale, the senior vice president directly owned 4,326 shares in the company, valued at approximately $1,208,165.28. The trade was a 15.72% decrease in their position. The disclosure for this sale can be found here. 0.50% of the stock is currently owned by company insiders.
About Ecolab
Ecolab Inc provides water, hygiene, and infection prevention solutions and services in the United States and internationally. The company operates through three segments: Global Industrial; Global Institutional & Specialty; and Global Healthcare & Life Sciences. The Global Industrial segment offers water treatment and process applications, and cleaning and sanitizing solutions to manufacturing, food and beverage processing, transportation, chemical, metals and mining, power generation, pulp and paper, commercial laundry, petroleum, refining, and petrochemical industries.
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