Ecolab Inc. (NYSE:ECL) Shares Acquired by Sonen Capital LLC

Sonen Capital LLC increased its position in Ecolab Inc. (NYSE:ECLGet Rating) by 26.3% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,924 shares of the basic materials company’s stock after acquiring an additional 609 shares during the period. Sonen Capital LLC’s holdings in Ecolab were worth $516,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Capital Advisors Ltd. LLC lifted its stake in Ecolab by 10.5% in the 4th quarter. Capital Advisors Ltd. LLC now owns 580 shares of the basic materials company’s stock valued at $136,000 after buying an additional 55 shares in the last quarter. Private Trust Co. NA lifted its stake in Ecolab by 2.9% in the 1st quarter. Private Trust Co. NA now owns 2,047 shares of the basic materials company’s stock valued at $361,000 after buying an additional 57 shares in the last quarter. Rational Advisors LLC lifted its stake in Ecolab by 133.3% in the 4th quarter. Rational Advisors LLC now owns 105 shares of the basic materials company’s stock valued at $25,000 after buying an additional 60 shares in the last quarter. Capital Advisory Group Advisory Services LLC lifted its stake in Ecolab by 2.6% in the 4th quarter. Capital Advisory Group Advisory Services LLC now owns 2,383 shares of the basic materials company’s stock valued at $559,000 after buying an additional 60 shares in the last quarter. Finally, SlateStone Wealth LLC lifted its stake in Ecolab by 3.8% in the 1st quarter. SlateStone Wealth LLC now owns 1,660 shares of the basic materials company’s stock valued at $293,000 after buying an additional 60 shares in the last quarter. Institutional investors and hedge funds own 75.04% of the company’s stock.

Analyst Ratings Changes

ECL has been the topic of a number of recent research reports. Royal Bank of Canada reduced their target price on Ecolab from $225.00 to $190.00 in a research note on Thursday, July 14th. BMO Capital Markets started coverage on Ecolab in a research note on Friday, June 3rd. They set a “hold” rating and a $191.00 price target on the stock. Credit Suisse Group raised Ecolab from a “neutral” rating to an “outperform” rating and increased their price target for the stock from $180.00 to $195.00 in a research note on Friday, June 3rd. Deutsche Bank Aktiengesellschaft reduced their price target on Ecolab from $195.00 to $180.00 in a research note on Wednesday, July 27th. Finally, JPMorgan Chase & Co. raised Ecolab from a “neutral” rating to an “overweight” rating and reduced their price target for the stock from $191.00 to $190.00 in a research note on Wednesday, April 27th. Ten research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, Ecolab presently has a consensus rating of “Hold” and an average target price of $194.12.

Insider Transactions at Ecolab

In other news, EVP Michael C. Mccormick sold 3,000 shares of Ecolab stock in a transaction that occurred on Wednesday, June 8th. The stock was sold at an average price of $167.72, for a total transaction of $503,160.00. Following the sale, the executive vice president now owns 50,060 shares of the company’s stock, valued at $8,396,063.20. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other Ecolab news, Director Arthur J. Higgins sold 3,200 shares of Ecolab stock in a transaction on Monday, August 1st. The shares were sold at an average price of $166.74, for a total transaction of $533,568.00. Following the completion of the sale, the director now owns 22,530 shares of the company’s stock, valued at approximately $3,756,652.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Michael C. Mccormick sold 3,000 shares of Ecolab stock in a transaction on Wednesday, June 8th. The shares were sold at an average price of $167.72, for a total transaction of $503,160.00. Following the sale, the executive vice president now directly owns 50,060 shares of the company’s stock, valued at approximately $8,396,063.20. The disclosure for this sale can be found here. Corporate insiders own 1.04% of the company’s stock.

Ecolab Stock Down 0.2 %

Shares of Ecolab stock traded down $0.32 during trading hours on Friday, hitting $166.50. 654,376 shares of the company’s stock traded hands, compared to its average volume of 1,066,798. The stock has a 50 day simple moving average of $159.07 and a 200-day simple moving average of $169.74. The company has a quick ratio of 0.84, a current ratio of 1.29 and a debt-to-equity ratio of 1.15. The company has a market cap of $47.56 billion, a PE ratio of 43.36, a PEG ratio of 2.75 and a beta of 1.02. Ecolab Inc. has a twelve month low of $143.82 and a twelve month high of $238.93.

Ecolab (NYSE:ECLGet Rating) last issued its quarterly earnings results on Tuesday, July 26th. The basic materials company reported $1.10 EPS for the quarter, topping the consensus estimate of $1.07 by $0.03. Ecolab had a net margin of 8.17% and a return on equity of 18.56%. The business had revenue of $3.58 billion for the quarter, compared to analysts’ expectations of $3.48 billion. During the same quarter last year, the company posted $1.22 earnings per share. The company’s quarterly revenue was up 13.2% compared to the same quarter last year. Equities research analysts anticipate that Ecolab Inc. will post 4.78 earnings per share for the current fiscal year.

Ecolab Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, October 17th. Stockholders of record on Tuesday, September 20th will be given a dividend of $0.51 per share. The ex-dividend date is Monday, September 19th. This represents a $2.04 annualized dividend and a dividend yield of 1.23%. Ecolab’s payout ratio is 53.13%.

Ecolab Profile

(Get Rating)

Ecolab Inc provides water, hygiene, and infection prevention solutions and services in the United States and internationally. The company operates through Global Industrial, Global Institutional & Specialty, and Global Healthcare & Life Sciences segments. 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.

See Also

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Institutional Ownership by Quarter for Ecolab (NYSE:ECL)

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