Woodstock Corp lowered its holdings in Ecolab Inc. (NYSE:ECL) by 2.1% during the first quarter, HoldingsChannel.com reports. The fund owned 50,904 shares of the basic materials company’s stock after selling 1,094 shares during the period. Ecolab accounts for about 1.4% of Woodstock Corp’s portfolio, making the stock its 24th biggest position. Woodstock Corp’s holdings in Ecolab were worth $10,897,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also modified their holdings of the business. Morgan Stanley lifted its holdings in Ecolab by 5.7% in the fourth quarter. Morgan Stanley now owns 4,742,049 shares of the basic materials company’s stock worth $1,025,991,000 after acquiring an additional 255,528 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in Ecolab by 10.6% in the fourth quarter. Bank of New York Mellon Corp now owns 3,784,350 shares of the basic materials company’s stock worth $818,784,000 after acquiring an additional 361,570 shares during the last quarter. UBS Asset Management Americas Inc. lifted its holdings in Ecolab by 7.7% in the fourth quarter. UBS Asset Management Americas Inc. now owns 2,572,326 shares of the basic materials company’s stock worth $556,548,000 after acquiring an additional 183,123 shares during the last quarter. C WorldWide Group Holding A S lifted its holdings in Ecolab by 2.1% in the fourth quarter. C WorldWide Group Holding A S now owns 2,171,505 shares of the basic materials company’s stock worth $469,826,000 after acquiring an additional 43,817 shares during the last quarter. Finally, Amundi Pioneer Asset Management Inc. lifted its holdings in Ecolab by 16.5% in the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 2,007,298 shares of the basic materials company’s stock worth $434,302,000 after acquiring an additional 283,797 shares during the last quarter. 73.58% of the stock is currently owned by hedge funds and other institutional investors.
In other Ecolab news, EVP Jill S. Wyant sold 2,613 shares of Ecolab stock in a transaction that occurred on Tuesday, March 9th. The shares were sold at an average price of $214.54, for a total value of $560,593.02. Following the transaction, the executive vice president now owns 10,123 shares in the company, valued at $2,171,788.42. The transaction was disclosed in a document filed with the SEC, which is available at this link. Insiders own 1.22% of the company’s stock.
Ecolab stock traded down $0.12 during mid-day trading on Thursday, hitting $214.54. The company’s stock had a trading volume of 4,151 shares, compared to its average volume of 1,000,515. The company has a quick ratio of 1.19, a current ratio of 1.61 and a debt-to-equity ratio of 1.10. The stock has a market capitalization of $61.38 billion, a P/E ratio of -58.17, a P/E/G ratio of 3.91 and a beta of 1.01. Ecolab Inc. has a twelve month low of $158.42 and a twelve month high of $231.36. The stock’s fifty day moving average price is $211.65 and its two-hundred day moving average price is $210.46.
Ecolab (NYSE:ECL) last posted its quarterly earnings results on Tuesday, February 16th. The basic materials company reported $1.23 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.25 by ($0.02). The business had revenue of $3.07 billion during the quarter, compared to analyst estimates of $3.10 billion. Ecolab had a positive return on equity of 18.14% and a negative net margin of 8.21%. During the same quarter last year, the firm posted $1.66 EPS. Equities analysts expect that Ecolab Inc. will post 4.03 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 15th. Shareholders of record on Tuesday, March 16th will be given a $0.48 dividend. The ex-dividend date of this dividend is Monday, March 15th. This represents a $1.92 annualized dividend and a yield of 0.89%. Ecolab’s dividend payout ratio (DPR) is 32.99%.
A number of research firms have recently weighed in on ECL. Deutsche Bank Aktiengesellschaft raised Ecolab from a “hold” rating to a “buy” rating and lifted their price target for the company from $225.00 to $250.00 in a report on Monday, March 29th. Gabelli raised Ecolab from a “hold” rating to a “buy” rating in a report on Friday, January 15th. Zacks Investment Research cut Ecolab from a “buy” rating to a “hold” rating and set a $221.00 price target on the stock. in a report on Wednesday, February 17th. Argus lifted their price target on Ecolab from $215.00 to $250.00 and gave the company a “buy” rating in a report on Thursday, January 7th. Finally, Credit Suisse Group started coverage on Ecolab in a report on Monday, March 29th. They set a “neutral” rating and a $210.00 price target on the stock. Ten research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $212.62.
Ecolab Inc provides water, hygiene, and infection prevention solutions and services worldwide. Its 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, and petrochemical industries.
Recommended Story: Green Investing
Want to see what other hedge funds are holding ECL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ecolab Inc. (NYSE:ECL).
Receive News & Ratings for Ecolab Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ecolab and related companies with MarketBeat.com's FREE daily email newsletter.