Marshall Wace North America L.P. Takes Position in Ecolab Inc. (ECL)

Marshall Wace North America L.P. bought a new position in Ecolab Inc. (NYSE:ECL) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 163,957 shares of the basic materials company’s stock, valued at approximately $25,705,000. Marshall Wace North America L.P. owned about 0.06% of Ecolab as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Marshall Wace LLP acquired a new position in shares of Ecolab in the 3rd quarter valued at about $1,166,000. Great Lakes Advisors LLC boosted its holdings in shares of Ecolab by 47.1% in the 3rd quarter. Great Lakes Advisors LLC now owns 8,022 shares of the basic materials company’s stock valued at $1,258,000 after buying an additional 2,568 shares during the period. HM Payson & Co. boosted its holdings in shares of Ecolab by 27.1% in the 3rd quarter. HM Payson & Co. now owns 3,819 shares of the basic materials company’s stock valued at $598,000 after buying an additional 814 shares during the period. Carnegie Capital Asset Management LLC boosted its holdings in shares of Ecolab by 23.4% in the 3rd quarter. Carnegie Capital Asset Management LLC now owns 41,974 shares of the basic materials company’s stock valued at $6,712,000 after buying an additional 7,953 shares during the period. Finally, Belpointe Asset Management LLC boosted its holdings in shares of Ecolab by 24.9% in the 3rd quarter. Belpointe Asset Management LLC now owns 3,396 shares of the basic materials company’s stock valued at $532,000 after buying an additional 676 shares during the period. 75.91% of the stock is owned by institutional investors.

In other news, Chairman Douglas M. Baker, Jr. sold 40,025 shares of the business’s stock in a transaction that occurred on Wednesday, November 7th. The shares were sold at an average price of $160.20, for a total transaction of $6,412,005.00. Following the sale, the chairman now owns 558,017 shares in the company, valued at $89,394,323.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Leslie S. Biller sold 2,811 shares of the business’s stock in a transaction that occurred on Friday, November 30th. The shares were sold at an average price of $160.40, for a total transaction of $450,884.40. Following the sale, the director now owns 57,842 shares in the company, valued at approximately $9,277,856.80. The disclosure for this sale can be found here. Insiders sold a total of 84,621 shares of company stock worth $13,352,961 over the last quarter. Insiders own 1.50% of the company’s stock.

Ecolab stock opened at $154.07 on Friday. The company has a quick ratio of 0.90, a current ratio of 1.34 and a debt-to-equity ratio of 0.79. The stock has a market cap of $45.51 billion, a price-to-earnings ratio of 32.85, a PEG ratio of 2.35 and a beta of 0.88. Ecolab Inc. has a 52-week low of $125.74 and a 52-week high of $162.91.

Ecolab (NYSE:ECL) last issued its quarterly earnings results on Tuesday, October 30th. The basic materials company reported $1.53 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.53. The company had revenue of $3.75 billion during the quarter, compared to analyst estimates of $3.74 billion. Ecolab had a net margin of 10.99% and a return on equity of 19.13%. The business’s revenue for the quarter was up 5.1% compared to the same quarter last year. During the same period in the prior year, the business posted $1.37 EPS. Equities analysts forecast that Ecolab Inc. will post 5.25 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 15th. Investors of record on Tuesday, December 18th will be issued a $0.46 dividend. This is an increase from Ecolab’s previous quarterly dividend of $0.41. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.19%. The ex-dividend date of this dividend is Monday, December 17th. Ecolab’s payout ratio is presently 34.97%.

Several research firms have recently commented on ECL. Barclays lifted their price target on shares of Ecolab from $150.00 to $165.00 and gave the company an “overweight” rating in a report on Wednesday, October 24th. Nomura lifted their price target on shares of Ecolab from $146.00 to $153.00 and gave the company a “neutral” rating in a report on Monday, August 13th. JPMorgan Chase & Co. raised shares of Ecolab from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $147.00 to $157.00 in a research note on Wednesday, October 31st. ValuEngine raised shares of Ecolab from a “hold” rating to a “buy” rating in a research note on Friday, September 7th. Finally, Zacks Investment Research lowered shares of Ecolab from a “hold” rating to a “sell” rating in a research note on Monday, December 3rd. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and eight have given a buy rating to the company’s stock. Ecolab has a consensus rating of “Hold” and a consensus target price of $154.47.

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Ecolab Profile

Ecolab Inc provides water, hygiene, and energy technologies and services for customers worldwide. The company operates through Global Industrial, Global Institutional, and Global Energy segments. The Global Industrial segment provides water treatment and process applications, and cleaning and sanitizing solutions primarily to large industrial customers within the manufacturing, food and beverage processing, chemical, mining and primary metals, power generation, pulp and paper, and commercial laundry industries.

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Institutional Ownership by Quarter for Ecolab (NYSE:ECL)

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