Nelson Van Denburg & Campbell Wealth Management Group LLC Trims Stock Position in Ecolab Inc. (NYSE:ECL)

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Nelson Van Denburg & Campbell Wealth Management Group LLC lowered its holdings in shares of Ecolab Inc. (NYSE:ECL) by 6.6% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 9,381 shares of the basic materials company’s stock after selling 660 shares during the quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC’s holdings in Ecolab were worth $1,857,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in ECL. First Trust Advisors LP boosted its holdings in shares of Ecolab by 23.9% during the 1st quarter. First Trust Advisors LP now owns 232,511 shares of the basic materials company’s stock worth $41,047,000 after buying an additional 44,808 shares during the period. Federated Investors Inc. PA increased its position in Ecolab by 1.7% during the 1st quarter. Federated Investors Inc. PA now owns 60,535 shares of the basic materials company’s stock worth $10,688,000 after purchasing an additional 1,011 shares in the last quarter. Jennison Associates LLC increased its position in Ecolab by 17.5% during the 1st quarter. Jennison Associates LLC now owns 2,125 shares of the basic materials company’s stock worth $375,000 after purchasing an additional 316 shares in the last quarter. FIL Ltd increased its position in Ecolab by 3.4% during the 1st quarter. FIL Ltd now owns 94,456 shares of the basic materials company’s stock worth $16,675,000 after purchasing an additional 3,133 shares in the last quarter. Finally, Commonwealth Equity Services LLC increased its position in Ecolab by 1.3% during the 1st quarter. Commonwealth Equity Services LLC now owns 51,732 shares of the basic materials company’s stock worth $9,132,000 after purchasing an additional 659 shares in the last quarter. 75.94% of the stock is owned by hedge funds and other institutional investors.

Several equities analysts have issued reports on ECL shares. Citigroup upped their price target on shares of Ecolab from $190.00 to $206.00 and gave the company a “neutral” rating in a research report on Friday, August 2nd. Credit Suisse Group set a $181.00 price objective on shares of Ecolab and gave the stock a “neutral” rating in a research report on Wednesday, July 31st. UBS Group set a $202.00 price objective on shares of Ecolab and gave the stock a “hold” rating in a research report on Wednesday, July 31st. ValuEngine cut shares of Ecolab from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Finally, BMO Capital Markets increased their price objective on shares of Ecolab from $180.00 to $208.00 and gave the stock a “market perform” rating in a research report on Monday, August 5th. Thirteen equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Ecolab presently has an average rating of “Hold” and a consensus target price of $192.00.

Shares of Ecolab stock traded up $1.36 during trading hours on Wednesday, reaching $191.01. The company’s stock had a trading volume of 2,037 shares, compared to its average volume of 1,075,966. Ecolab Inc. has a one year low of $135.77 and a one year high of $209.87. The company has a market capitalization of $56.00 billion, a P/E ratio of 36.34, a P/E/G ratio of 2.64 and a beta of 0.81. The stock’s fifty day simple moving average is $200.01 and its two-hundred day simple moving average is $192.43. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.78 and a current ratio of 1.18.

Ecolab (NYSE:ECL) last released its quarterly earnings data on Tuesday, July 30th. The basic materials company reported $1.42 earnings per share for the quarter, beating analysts’ consensus estimates of $1.41 by $0.01. The firm had revenue of $3.76 billion for the quarter, compared to analyst estimates of $3.79 billion. Ecolab had a net margin of 10.12% and a return on equity of 19.81%. The business’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same period last year, the firm earned $1.27 earnings per share. As a group, research analysts forecast that Ecolab Inc. will post 5.91 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Tuesday, September 17th will be issued a $0.46 dividend. The ex-dividend date is Monday, September 16th. This represents a $1.84 annualized dividend and a dividend yield of 0.96%. Ecolab’s dividend payout ratio is currently 35.05%.

In related news, EVP Darrell R. Brown sold 2,280 shares of the firm’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $207.95, for a total transaction of $474,126.00. Following the completion of the sale, the executive vice president now owns 8,061 shares in the company, valued at $1,676,284.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Alex N. Blanco sold 51,400 shares of the firm’s stock in a transaction dated 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 sale, the executive vice president now owns 59,425 shares of the company’s stock, valued at approximately $12,067,434.75. The disclosure for this sale can be found here. In the last quarter, insiders sold 66,358 shares of company stock valued at $13,423,309. 1.52% of the stock is currently owned by corporate insiders.

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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