Insight Wealth Partners LLC lowered its position in Ecolab Inc. (NYSE:ECL – Free Report) by 5.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,882 shares of the basic materials company’s stock after selling 100 shares during the quarter. Insight Wealth Partners LLC’s holdings in Ecolab were worth $507,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. St. Johns Investment Management Company LLC lifted its stake in Ecolab by 1.3% in the second quarter. St. Johns Investment Management Company LLC now owns 2,995 shares of the basic materials company’s stock valued at $807,000 after buying an additional 38 shares during the last quarter. Wedmont Private Capital raised its stake in shares of Ecolab by 1.3% during the second quarter. Wedmont Private Capital now owns 3,000 shares of the basic materials company’s stock worth $805,000 after purchasing an additional 39 shares during the last quarter. Eads & Heald Wealth Management raised its stake in shares of Ecolab by 0.5% during the second quarter. Eads & Heald Wealth Management now owns 7,534 shares of the basic materials company’s stock worth $2,030,000 after purchasing an additional 39 shares during the last quarter. Forum Financial Management LP raised its stake in shares of Ecolab by 2.8% during the first quarter. Forum Financial Management LP now owns 1,449 shares of the basic materials company’s stock worth $367,000 after purchasing an additional 40 shares during the last quarter. Finally, Kirtland Hills Capital Management LLC raised its stake in shares of Ecolab by 2.0% during the first quarter. Kirtland Hills Capital Management LLC now owns 2,199 shares of the basic materials company’s stock worth $525,000 after purchasing an additional 43 shares during the last quarter. Hedge funds and other institutional investors own 74.91% of the company’s stock.
Ecolab Stock Up 0.8%
Ecolab stock opened at $277.35 on Friday. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.12 and a current ratio of 1.44. The firm has a market capitalization of $78.66 billion, a price-to-earnings ratio of 37.03, a price-to-earnings-growth ratio of 2.83 and a beta of 1.09. Ecolab Inc. has a fifty-two week low of $221.62 and a fifty-two week high of $286.04. The stock’s fifty day moving average is $274.37 and its two-hundred day moving average is $264.98.
Ecolab Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders 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 yield of 0.9%. Ecolab’s dividend payout ratio is 34.71%.
Wall Street Analyst Weigh In
ECL has been the subject of several analyst reports. Erste Group Bank initiated coverage on Ecolab in a research note on Tuesday, October 14th. They set a “buy” rating for the company. BMO Capital Markets upped their price target on Ecolab from $307.00 to $310.00 and gave the stock an “outperform” rating in a research note on Monday, September 8th. UBS Group upped their price objective on Ecolab from $295.00 to $299.00 and gave the stock a “neutral” rating in a report on Monday, October 6th. Baird R W raised Ecolab from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 30th. Finally, Mizuho upped their price objective on Ecolab from $285.00 to $305.00 and gave the stock an “outperform” rating in a report on Tuesday, July 15th. Three equities research 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 company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $290.92.
Read Our Latest Analysis on Ecolab
Insider Buying and Selling at Ecolab
In other Ecolab news, Director Suzanne M. Vautrinot sold 1,354 shares of the company’s stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $283.16, for a total value of $383,398.64. Following the sale, the director owned 11,199 shares of the company’s stock, valued at approximately $3,171,108.84. This represents a 10.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Jennifer J. Bradway sold 807 shares of the company’s stock in a transaction on 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 $1,208,165.28. This trade represents a 15.72% decrease in their position. The disclosure for this sale can be found here. 0.04% of the stock is owned by corporate 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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