Osprey Private Wealth LLC raised its holdings in Ecolab Inc. (NYSE:ECL – Free Report) by 8.8% during the first quarter, Holdings Channel.com reports. The firm owned 33,242 shares of the basic materials company’s stock after purchasing an additional 2,697 shares during the quarter. Ecolab makes up 2.6% of Osprey Private Wealth LLC’s investment portfolio, making the stock its 16th largest position. Osprey Private Wealth LLC’s holdings in Ecolab were worth $8,843,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently bought and sold shares of ECL. Turtle Creek Wealth Advisors LLC boosted its position in shares of Ecolab by 3.6% during the 4th quarter. Turtle Creek Wealth Advisors LLC now owns 1,028 shares of the basic materials company’s stock worth $270,000 after purchasing an additional 36 shares in the last quarter. HBK Sorce Advisory LLC increased its holdings in shares of Ecolab by 2.7% in the 4th quarter. HBK Sorce Advisory LLC now owns 1,362 shares of the basic materials company’s stock valued at $395,000 after purchasing an additional 36 shares in the last quarter. Steigerwald Gordon & Koch Inc. lifted its stake in shares of Ecolab by 22.0% in the fourth quarter. Steigerwald Gordon & Koch Inc. now owns 211 shares of the basic materials company’s stock valued at $55,000 after purchasing an additional 38 shares during the period. Addison Advisors LLC boosted its holdings in Ecolab by 5.2% during the fourth quarter. Addison Advisors LLC now owns 764 shares of the basic materials company’s stock worth $201,000 after buying an additional 38 shares in the last quarter. Finally, CYBER HORNET ETFs LLC boosted its holdings in Ecolab by 5.5% during the fourth quarter. CYBER HORNET ETFs LLC now owns 730 shares of the basic materials company’s stock worth $192,000 after buying an additional 38 shares in the last quarter. Institutional investors and hedge funds own 74.91% of the company’s stock.
Ecolab Price Performance
Shares of NYSE:ECL traded up $1.57 on Friday, hitting $274.60. The company had a trading volume of 649,597 shares, compared to its average volume of 1,563,529. The company has a current ratio of 0.99, a quick ratio of 0.73 and a debt-to-equity ratio of 0.69. Ecolab Inc. has a 52-week low of $243.15 and a 52-week high of $309.27. The business has a 50 day moving average of $263.62 and a 200 day moving average of $272.81. The company has a market cap of $77.28 billion, a PE ratio of 37.16, a PEG ratio of 2.34 and a beta of 0.89.
Ecolab Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 16th will be given a $0.73 dividend. This represents a $2.92 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend is Tuesday, June 16th. Ecolab’s payout ratio is currently 39.51%.
Analyst Ratings Changes
A number of equities research analysts have recently issued reports on ECL shares. Citigroup lifted their price target on shares of Ecolab from $325.00 to $330.00 and gave the company a “buy” rating in a research report on Wednesday, June 24th. Berenberg Bank raised Ecolab from a “hold” rating to a “buy” rating and set a $326.00 price objective for the company in a research note on Monday, March 16th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $337.00 price objective on shares of Ecolab in a report on Tuesday. Bank of America boosted their target price on Ecolab from $337.00 to $345.00 and gave the stock a “buy” rating in a research report on Tuesday, April 21st. Finally, JPMorgan Chase & Co. upgraded Ecolab from a “neutral” rating to an “overweight” rating and set a $295.00 price target for the company in a research report on Tuesday, March 24th. One research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $324.29.
Insider Buying and Selling at Ecolab
In other news, Director Michel D. Doukeris bought 7,750 shares of the firm’s stock in a transaction that occurred on Wednesday, June 10th. The shares were purchased at an average price of $258.00 per share, for a total transaction of $1,999,500.00. Following the completion of the transaction, the director owned 8,326 shares in the company, valued at $2,148,108. The trade was a 1,345.49% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Benjamin M. Clark purchased 1,000 shares of the business’s stock in a transaction on Thursday, June 11th. The stock was acquired at an average price of $263.83 per share, with a total value of $263,830.00. Following the completion of the acquisition, the executive vice president directly owned 1,083 shares in the company, valued at $285,727.89. The trade was a 1,204.82% increase in their position. The SEC filing for this purchase provides additional information. In the last ninety days, insiders have bought 10,550 shares of company stock valued at $2,719,508. 0.50% of the stock is owned by corporate insiders.
About Ecolab
Ecolab, Inc is a global provider of water, hygiene and infection prevention solutions and services. The company develops and supplies cleaning and sanitizing chemicals, dispensing equipment, water-treatment systems, pest elimination services and related technologies designed to help businesses maintain clean, safe and efficient operations. Its offerings span both products and onsite services, often paired with technical support and training.
Ecolab serves a broad range of end markets including hospitality and foodservice, food and beverage processing, healthcare, manufacturing and industrial operations, and energy and utilities.
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