Ecolab Inc. (NYSE:ECL) Shares Sold by Logan Capital Management Inc.

Logan Capital Management Inc. cut its position in Ecolab Inc. (NYSE:ECLFree Report) by 3.6% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,861 shares of the basic materials company’s stock after selling 69 shares during the quarter. Logan Capital Management Inc.’s holdings in Ecolab were worth $369,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Norges Bank bought a new stake in shares of Ecolab during the fourth quarter valued at about $365,420,000. Ameriprise Financial Inc. lifted its position in Ecolab by 117.9% in the third quarter. Ameriprise Financial Inc. now owns 1,669,583 shares of the basic materials company’s stock worth $282,185,000 after purchasing an additional 903,307 shares during the period. International Assets Investment Management LLC increased its position in shares of Ecolab by 19,062.1% during the 4th quarter. International Assets Investment Management LLC now owns 555,893 shares of the basic materials company’s stock valued at $110,261,000 after purchasing an additional 552,992 shares during the period. Findlay Park Partners LLP acquired a new position in shares of Ecolab during the 4th quarter valued at $91,178,000. Finally, Vanguard Group Inc. raised its stake in shares of Ecolab by 1.7% in the 3rd quarter. Vanguard Group Inc. now owns 22,877,417 shares of the basic materials company’s stock worth $3,875,434,000 after buying an additional 387,545 shares in the last quarter. Institutional investors own 74.91% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on ECL. Morgan Stanley lifted their target price on Ecolab from $230.00 to $240.00 and gave the stock an “equal weight” rating in a report on Wednesday, March 27th. UBS Group increased their target price on shares of Ecolab from $269.00 to $270.00 and gave the company a “buy” rating in a research note on Tuesday, May 21st. Stifel Nicolaus lifted their target price on Ecolab from $225.00 to $233.00 and gave the stock a “hold” rating in a report on Wednesday, May 1st. Raymond James upped their target price on Ecolab from $230.00 to $250.00 and gave the company an “outperform” rating in a report on Wednesday, April 3rd. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $260.00 price target on shares of Ecolab in a research note on Tuesday, June 4th. Eleven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $239.56.

View Our Latest Stock Report on ECL

Insider Transactions at Ecolab

In related news, Director David Maclennan purchased 650 shares of Ecolab stock in a transaction on Friday, May 3rd. The stock was bought at an average price of $227.37 per share, with a total value of $147,790.50. Following the completion of the transaction, the director now directly owns 17,111 shares of the company’s stock, valued at $3,890,528.07. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. In other Ecolab news, Director Arthur J. Higgins sold 4,500 shares of the stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $227.52, for a total transaction of $1,023,840.00. Following the transaction, the director now owns 25,548 shares in the company, valued at $5,812,680.96. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director David Maclennan acquired 650 shares of Ecolab stock in a transaction dated Friday, May 3rd. The stock was purchased at an average price of $227.37 per share, with a total value of $147,790.50. Following the completion of the purchase, the director now directly owns 17,111 shares of the company’s stock, valued at approximately $3,890,528.07. The disclosure for this purchase can be found here. 0.50% of the stock is currently owned by company insiders.

Ecolab Trading Down 0.2 %

Shares of NYSE:ECL opened at $238.77 on Tuesday. The firm has a fifty day moving average of $228.45 and a two-hundred day moving average of $214.63. The company has a quick ratio of 0.99, a current ratio of 1.41 and a debt-to-equity ratio of 0.92. Ecolab Inc. has a 12-month low of $156.72 and a 12-month high of $240.61. The firm has a market capitalization of $68.19 billion, a P/E ratio of 44.22, a price-to-earnings-growth ratio of 2.53 and a beta of 1.12.

Ecolab (NYSE:ECLGet Free Report) last issued its earnings results on Tuesday, April 30th. The basic materials company reported $1.34 earnings per share for the quarter, topping the consensus estimate of $1.33 by $0.01. The company had revenue of $3.75 billion for the quarter, compared to analyst estimates of $3.74 billion. Ecolab had a return on equity of 20.56% and a net margin of 10.01%. The business’s revenue was up 5.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.88 EPS. On average, equities analysts expect that Ecolab Inc. will post 6.59 EPS for the current fiscal year.

Ecolab Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Tuesday, June 18th will be given a $0.57 dividend. This represents a $2.28 annualized dividend and a yield of 0.95%. The ex-dividend date is Tuesday, June 18th. Ecolab’s dividend payout ratio is 42.22%.

Ecolab Company Profile

(Free Report)

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

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Institutional Ownership by Quarter for Ecolab (NYSE:ECL)

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