New Hampshire Trust lessened its holdings in shares of Ecolab Inc. (NYSE:ECL – Free Report) by 0.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,442 shares of the basic materials company’s stock after selling 82 shares during the period. New Hampshire Trust’s holdings in Ecolab were worth $3,352,000 at the end of the most recent quarter.
Other hedge funds have also modified their holdings of the company. Vanguard Group Inc. boosted its holdings in Ecolab by 1.1% during the first 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 last quarter. Pictet Asset Management Holding SA boosted its holdings 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 worth $1,036,485,000 after purchasing an additional 93,409 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted 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 purchasing an additional 145,902 shares during the last quarter. Royal Bank of Canada increased its holdings in Ecolab by 0.8% during 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 buying an additional 27,619 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its holdings in Ecolab by 6.8% during the first quarter. Goldman Sachs Group Inc. now owns 2,718,340 shares of the basic materials company’s stock worth $689,154,000 after purchasing an additional 173,298 shares during the period. 74.91% of the stock is currently owned by institutional investors.
Ecolab Stock Up 0.8%
ECL stock opened at $277.35 on Friday. The firm has a 50-day moving average price of $274.37 and a 200-day moving average price of $265.25. The stock has a market capitalization of $78.66 billion, a P/E ratio of 37.03, a price-to-earnings-growth ratio of 2.85 and a beta of 1.09. The company has a current ratio of 1.44, a quick ratio of 1.12 and a debt-to-equity ratio of 0.80. Ecolab Inc. has a 12 month low of $221.62 and a 12 month high of $286.04.
Ecolab Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 16th were given a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date was Tuesday, September 16th. Ecolab’s dividend payout ratio (DPR) is 34.71%.
Insider Transactions at Ecolab
In other news, Director Suzanne M. Vautrinot sold 1,354 shares of the firm’s stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $283.16, for a total transaction 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Jennifer J. Bradway sold 807 shares of the stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $279.28, for a total transaction of $225,378.96. Following the sale, the senior vice president owned 4,326 shares of the company’s stock, valued at approximately $1,208,165.28. This trade represents a 15.72% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.04% of the stock is owned by corporate insiders.
Wall Street Analyst Weigh In
A number of research firms recently commented on ECL. Mizuho lifted their price target on Ecolab from $285.00 to $305.00 and gave the stock an “outperform” rating in a report on Tuesday, July 15th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Ecolab in a report on Friday. Citigroup reaffirmed a “buy” rating on shares of Ecolab in a report on Monday, October 6th. UBS Group boosted their price objective on shares of Ecolab from $295.00 to $299.00 and gave the company a “neutral” rating in a report on Monday, October 6th. Finally, Baird R W raised shares of Ecolab from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 30th. Three investment analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $290.92.
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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