OLD National Bancorp IN Sells 740 Shares of Ecolab Inc. (ECL)

OLD National Bancorp IN lessened its holdings in shares of Ecolab Inc. (NYSE:ECL) by 4.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,421 shares of the basic materials company’s stock after selling 740 shares during the period. OLD National Bancorp IN’s holdings in Ecolab were worth $2,203,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of ECL. Sterling Capital Management LLC increased its stake in shares of Ecolab by 1,397.8% during the third quarter. Sterling Capital Management LLC now owns 570,435 shares of the basic materials company’s stock worth $73,364,000 after purchasing an additional 532,349 shares in the last quarter. Atlantic Trust Group LLC increased its stake in shares of Ecolab by 475.4% during the third quarter. Atlantic Trust Group LLC now owns 548,104 shares of the basic materials company’s stock worth $70,492,000 after purchasing an additional 452,846 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. increased its stake in shares of Ecolab by 386.2% during the third quarter. Los Angeles Capital Management & Equity Research Inc. now owns 305,019 shares of the basic materials company’s stock worth $39,228,000 after purchasing an additional 242,284 shares in the last quarter. Vontobel Asset Management Inc. purchased a new stake in shares of Ecolab during the fourth quarter worth about $21,060,000. Finally, AKO Capital LLP purchased a new stake in shares of Ecolab during the third quarter worth about $19,074,000. 76.52% of the stock is owned by hedge funds and other institutional investors.

In related news, SVP Bruno Lavandier sold 347 shares of the company’s stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $134.77, for a total transaction of $46,765.19. Following the sale, the senior vice president now directly owns 7,615 shares of the company’s stock, valued at approximately $1,026,273.55. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Douglas M. Baker, Jr. sold 18,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 6th. The stock was sold at an average price of $137.09, for a total transaction of $2,467,620.00. Following the sale, the chief executive officer now directly owns 427,548 shares in the company, valued at $58,612,555.32. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 57,446 shares of company stock worth $7,886,307. 1.49% of the stock is owned by insiders.

ECL has been the subject of a number of research reports. UBS Group boosted their target price on shares of Ecolab from $147.00 to $148.00 and gave the stock a “buy” rating in a research note on Wednesday, November 1st. Royal Bank of Canada boosted their price target on shares of Ecolab from $137.00 to $143.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 7th. Zacks Investment Research upgraded shares of Ecolab from a “hold” rating to a “buy” rating and set a $155.00 price target on the stock in a research report on Monday, January 29th. Stifel Nicolaus boosted their price target on shares of Ecolab from $140.00 to $153.00 and gave the stock a “hold” rating in a research report on Wednesday, January 24th. Finally, Robert W. Baird lowered their price target on shares of Ecolab from $144.00 to $143.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 23rd. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and nine have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $140.07.

Ecolab Inc. (NYSE:ECL) opened at $130.16 on Tuesday. The company has a quick ratio of 0.83, a current ratio of 1.23 and a debt-to-equity ratio of 0.89. Ecolab Inc. has a fifty-two week low of $120.79 and a fifty-two week high of $140.50. The company has a market cap of $37,131.27, a P/E ratio of 28.25, a PEG ratio of 1.88 and a beta of 1.06.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 16th. Stockholders of record on Tuesday, December 19th were issued a $0.41 dividend. This is a positive change from Ecolab’s previous quarterly dividend of $0.37. This represents a $1.64 annualized dividend and a dividend yield of 1.26%. The ex-dividend date was Monday, December 18th. Ecolab’s dividend payout ratio is currently 33.26%.

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Ecolab Profile

Ecolab Inc provides water, hygiene and energy technologies and services. The Company’s cleaning and sanitizing programs and products, pest elimination services and equipment maintenance and repair services support customers in the foodservice, food and beverage processing, hospitality, healthcare, government and education, retail, textile care and commercial facilities management sectors in over 170 countries.

Institutional Ownership by Quarter for Ecolab (NYSE:ECL)

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