Robertson Stephens Wealth Management LLC increased its position in Ecolab Inc. (NYSE:ECL – Free Report) by 10.3% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,838 shares of the basic materials company’s stock after acquiring an additional 547 shares during the period. Robertson Stephens Wealth Management LLC’s holdings in Ecolab were worth $1,577,000 at the end of the most recent reporting period.
Other large investors have also modified their holdings of the company. Nemes Rush Group LLC increased its holdings in shares of Ecolab by 6.6% in the 1st quarter. Nemes Rush Group LLC now owns 42,899 shares of the basic materials company’s stock worth $10,876,000 after acquiring an additional 2,651 shares during the period. University of Texas Texas AM Investment Management Co. increased its stake in Ecolab by 32.4% during the 1st quarter. University of Texas Texas AM Investment Management Co. now owns 14,005 shares of the basic materials company’s stock valued at $3,551,000 after buying an additional 3,428 shares during the period. Mirabaud & Cie SA increased its stake in Ecolab by 1.1% during the 1st quarter. Mirabaud & Cie SA now owns 5,092 shares of the basic materials company’s stock valued at $1,291,000 after buying an additional 55 shares during the period. Modern Wealth Management LLC acquired a new position in Ecolab during the 1st quarter valued at about $284,000. Finally, Zurich Insurance Group Ltd FI increased its stake in Ecolab by 1,189.2% during the 1st quarter. Zurich Insurance Group Ltd FI now owns 144,392 shares of the basic materials company’s stock valued at $36,606,000 after buying an additional 133,192 shares during the period. Institutional investors and hedge funds own 74.91% of the company’s stock.
Ecolab Stock Performance
Shares of ECL opened at $271.80 on Friday. Ecolab Inc. has a one year low of $221.62 and a one year high of $286.04. The company has a 50-day moving average of $274.05 and a two-hundred day moving average of $262.97. The stock has a market cap of $77.09 billion, a price-to-earnings ratio of 36.29, a PEG ratio of 2.80 and a beta of 1.09. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.44 and a quick ratio of 1.12.
Ecolab Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 16th will be issued a $0.65 dividend. This represents a $2.60 annualized dividend and a dividend yield of 1.0%. The ex-dividend date is Tuesday, September 16th. Ecolab’s dividend payout ratio (DPR) is presently 34.71%.
Analyst Upgrades and Downgrades
Several equities analysts have commented on the stock. Raymond James Financial assumed coverage on shares of Ecolab in a research note on Tuesday, August 26th. They set a “market perform” rating on the stock. Baird R W raised shares of Ecolab from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 30th. BMO Capital Markets raised their target price on shares of Ecolab from $307.00 to $310.00 and gave the company an “outperform” rating in a research note on Monday, September 8th. Robert W. Baird raised their target price on shares of Ecolab from $300.00 to $306.00 and gave the company an “outperform” rating in a research note on Friday, September 5th. Finally, Oppenheimer raised shares of 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 issued a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $292.29.
Get Our Latest Research Report on ECL
Insiders Place Their Bets
In other Ecolab news, Director Suzanne M. Vautrinot sold 1,354 shares of the firm’s stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $283.16, for a total value of $383,398.64. Following the completion of the transaction, the director directly owned 11,199 shares in the company, valued at $3,171,108.84. This trade represents a 10.79% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director David Maclennan bought 600 shares of the firm’s stock in a transaction on Wednesday, August 13th. The stock was purchased at an average price of $278.51 per share, with a total value of $167,106.00. Following the completion of the acquisition, the director owned 20,253 shares of the company’s stock, valued at approximately $5,640,663.03. This trade represents a 3.05% increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 0.04% of the company’s stock.
Ecolab Company Profile
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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