Zurich Insurance Group Ltd FI Has $11.10 Million Position in Ecolab Inc. (NYSE:ECL)

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Zurich Insurance Group Ltd FI reduced its holdings in shares of Ecolab Inc. (NYSE:ECL) by 21.6% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 56,231 shares of the basic materials company’s stock after selling 15,482 shares during the period. Zurich Insurance Group Ltd FI’s holdings in Ecolab were worth $11,102,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Greenleaf Trust boosted its position in shares of Ecolab by 2.6% during the 2nd quarter. Greenleaf Trust now owns 3,674 shares of the basic materials company’s stock valued at $725,000 after acquiring an additional 92 shares in the last quarter. Princeton Global Asset Management LLC boosted its position in shares of Ecolab by 7.9% during the 1st quarter. Princeton Global Asset Management LLC now owns 3,675 shares of the basic materials company’s stock valued at $648,000 after acquiring an additional 270 shares in the last quarter. Bridges Investment Management Inc. boosted its position in shares of Ecolab by 0.7% during the 2nd quarter. Bridges Investment Management Inc. now owns 49,645 shares of the basic materials company’s stock valued at $9,803,000 after acquiring an additional 325 shares in the last quarter. Neuberger Berman Group LLC boosted its position in shares of Ecolab by 0.8% during the 1st quarter. Neuberger Berman Group LLC now owns 255,687 shares of the basic materials company’s stock valued at $45,139,000 after acquiring an additional 2,065 shares in the last quarter. Finally, Candriam Luxembourg S.C.A. boosted its position in shares of Ecolab by 20.6% during the 2nd quarter. Candriam Luxembourg S.C.A. now owns 27,503 shares of the basic materials company’s stock valued at $7,971,000 after acquiring an additional 4,701 shares in the last quarter. Institutional investors and hedge funds own 75.95% of the company’s stock.

In other Ecolab news, EVP Alex N. Blanco sold 51,400 shares of the business’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $203.07, for a total value of $10,437,798.00. Following the completion of the transaction, the executive vice president now directly owns 59,425 shares of the company’s stock, valued at $12,067,434.75. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Darrell R. Brown sold 12,678 shares of the business’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $198.09, for a total transaction of $2,511,385.02. Following the completion of the transaction, the executive vice president now directly owns 21,061 shares of the company’s stock, valued at $4,171,973.49. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 66,358 shares of company stock valued at $13,423,309. Insiders own 1.52% of the company’s stock.

Several analysts have recently weighed in on the stock. BMO Capital Markets lifted their target price on shares of Ecolab from $180.00 to $208.00 and gave the company a “market perform” rating in a research report on Monday, August 5th. Credit Suisse Group set a $181.00 target price on shares of Ecolab and gave the company a “neutral” rating in a research report on Wednesday, July 31st. Citigroup lifted their price target on shares of Ecolab from $190.00 to $206.00 and gave the company a “neutral” rating in a report on Friday, August 2nd. Canaccord Genuity lifted their price target on shares of Ecolab from $198.00 to $222.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Finally, Nomura lifted their price target on shares of Ecolab from $208.00 to $210.00 and gave the company a “buy” rating in a report on Wednesday, August 7th. Twelve investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $192.00.

ECL stock traded down $0.44 during trading on Friday, hitting $196.06. 1,584,317 shares of the stock traded hands, compared to its average volume of 1,100,443. Ecolab Inc. has a one year low of $135.77 and a one year high of $209.87. The stock has a market cap of $56.42 billion, a price-to-earnings ratio of 37.34, a P/E/G ratio of 2.66 and a beta of 0.82. The company has a 50 day simple moving average of $202.71 and a 200 day simple moving average of $190.32. The company has a current ratio of 1.18, a quick ratio of 0.78 and a debt-to-equity ratio of 0.72.

Ecolab (NYSE:ECL) last announced its quarterly earnings results on Tuesday, July 30th. The basic materials company reported $1.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.41 by $0.01. Ecolab had a net margin of 10.12% and a return on equity of 19.81%. The firm had revenue of $3.76 billion during the quarter, compared to the consensus estimate of $3.79 billion. During the same period last year, the firm posted $1.27 EPS. The firm’s quarterly revenue was up 1.9% on a year-over-year basis. As a group, analysts predict that Ecolab Inc. will post 5.91 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Tuesday, September 17th will be issued a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a yield of 0.94%. The ex-dividend date of this dividend is Monday, September 16th. Ecolab’s dividend payout ratio is currently 35.05%.

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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