Sachetta LLC cut its holdings in shares of Ecolab Inc. (NYSE:ECL – Free Report) by 10.9% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,035 shares of the basic materials company’s stock after selling 126 shares during the quarter. Sachetta LLC’s holdings in Ecolab were worth $279,000 at the end of the most recent quarter.
Other large investors also recently made changes to their positions in the company. Wedmont Private Capital increased its stake in Ecolab by 1.3% during the second quarter. Wedmont Private Capital now owns 3,000 shares of the basic materials company’s stock valued at $805,000 after acquiring an additional 39 shares during the period. Eads & Heald Wealth Management grew its holdings in shares of Ecolab by 0.5% during the 2nd 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 in the last quarter. Forum Financial Management LP increased its position 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 valued at $367,000 after purchasing an additional 40 shares during the period. Palumbo Wealth Management LLC raised its stake in shares of Ecolab by 5.0% in the first quarter. Palumbo Wealth Management LLC now owns 902 shares of the basic materials company’s stock valued at $229,000 after purchasing an additional 43 shares in the last quarter. Finally, Kirtland Hills Capital Management LLC lifted its position in Ecolab by 2.0% in 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 period. Institutional investors and hedge funds own 74.91% of the company’s stock.
Ecolab Stock Performance
NYSE:ECL opened at $279.60 on Tuesday. The stock has a market capitalization of $79.30 billion, a P/E ratio of 37.33, a price-to-earnings-growth ratio of 2.84 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 1 year low of $221.62 and a 1 year high of $286.04. The firm has a 50 day moving average of $272.87 and a 200-day moving average of $262.45.
Ecolab Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Tuesday, September 16th will be given a dividend of $0.65 per share. The ex-dividend date is Tuesday, September 16th. This represents a $2.60 annualized dividend and a yield of 0.9%. Ecolab’s dividend payout ratio is 34.71%.
Analysts Set New Price Targets
ECL has been the subject of a number of recent research reports. UBS Group increased their price objective on shares of Ecolab from $295.00 to $299.00 and gave the company a “neutral” rating in a research note on Monday. Raymond James Financial began coverage on shares of Ecolab in a research report on Tuesday, August 26th. They issued a “market perform” rating for the company. Robert W. Baird raised their price target on shares of Ecolab from $300.00 to $306.00 and gave the stock an “outperform” rating in a research note on Friday, September 5th. Mizuho upped their price objective on Ecolab from $285.00 to $305.00 and gave the company an “outperform” rating in a research note on Tuesday, July 15th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Ecolab in a research report on Saturday, September 27th. Three investment analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $292.29.
Get Our Latest Stock 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 sale, the director owned 11,199 shares in the company, valued at approximately $3,171,108.84. This trade represents a 10.79% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director David Maclennan bought 600 shares of Ecolab stock in a transaction dated Wednesday, August 13th. The shares were bought at an average price of $278.51 per share, for a total transaction of $167,106.00. Following the completion of the transaction, the director directly owned 20,253 shares of the company’s stock, valued at $5,640,663.03. This represents a 3.05% increase in their position. The disclosure for this purchase can be found here. Insiders own 0.50% 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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