GAM Holding AG grew its position in shares of Ecolab Inc. (NYSE:ECL) by 7.2% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 9,812 shares of the basic materials company’s stock after buying an additional 659 shares during the quarter. GAM Holding AG’s holdings in Ecolab were worth $1,538,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Colony Group LLC bought a new position in shares of Ecolab during the 2nd quarter worth approximately $211,000. Royal London Asset Management Ltd. bought a new position in shares of Ecolab during the 2nd quarter worth approximately $26,888,000. M Holdings Securities Inc. lifted its position in shares of Ecolab by 9.5% during the 2nd quarter. M Holdings Securities Inc. now owns 8,116 shares of the basic materials company’s stock worth $1,139,000 after buying an additional 706 shares in the last quarter. Gardiner Nancy B bought a new position in shares of Ecolab during the 3rd quarter worth approximately $523,000. Finally, Cambridge Trust Co. lifted its position in shares of Ecolab by 6.2% during the 3rd quarter. Cambridge Trust Co. now owns 77,763 shares of the basic materials company’s stock worth $12,192,000 after buying an additional 4,507 shares in the last quarter. 75.91% of the stock is currently owned by hedge funds and other institutional investors.

In related news, EVP Larry L. Berger sold 9,317 shares of Ecolab stock in a transaction that occurred on Monday, September 10th. The shares were sold at an average price of $153.65, for a total value of $1,431,557.05. Following the completion of the transaction, the executive vice president now directly owns 31,093 shares in the company, valued at approximately $4,777,439.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Michael A. Hickey sold 32,468 shares of Ecolab stock in a transaction that occurred on Thursday, September 13th. The shares were sold at an average price of $155.80, for a total transaction of $5,058,514.40. The disclosure for this sale can be found here. Insiders sold a total of 84,621 shares of company stock valued at $13,352,961 over the last quarter. 1.50% of the stock is owned by company insiders.

A number of research firms recently commented on ECL. Zacks Investment Research cut shares of Ecolab from a “hold” rating to a “sell” rating in a report on Monday. Oppenheimer reaffirmed a “market perform” rating on shares of Ecolab in a report on Wednesday, November 21st. Citigroup cut shares of Ecolab from an “outperform” rating to a “market perform” rating in a report on Wednesday, November 21st. They noted that the move was a valuation call. UBS Group cut shares of Ecolab from an “outperform” rating to a “market perform” rating in a report on Wednesday, November 21st. Finally, Deutsche Bank lifted their price target on shares of Ecolab from $150.00 to $162.00 and gave the stock a “hold” rating in a report on Monday, November 5th. One equities 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. The stock has a consensus rating of “Hold” and a consensus price target of $154.47.

NYSE:ECL opened at $156.74 on Thursday. The company has a current ratio of 1.34, a quick ratio of 0.90 and a debt-to-equity ratio of 0.79. The company has a market capitalization of $45.28 billion, a P/E ratio of 33.42, a P/E/G ratio of 2.33 and a beta of 0.88. Ecolab Inc. has a 12 month low of $125.74 and a 12 month high of $162.91.

Ecolab (NYSE:ECL) last posted its quarterly earnings results on Tuesday, October 30th. The basic materials company reported $1.53 EPS for the quarter, hitting analysts’ consensus estimates of $1.53. Ecolab had a net margin of 10.99% and a return on equity of 19.13%. The company had revenue of $3.75 billion for the quarter, compared to analysts’ expectations of $3.74 billion. During the same quarter in the previous year, the firm posted $1.37 EPS. Ecolab’s revenue was up 5.1% on a year-over-year basis. As a group, sell-side analysts expect that Ecolab Inc. will post 5.25 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 15th. Investors of record on Tuesday, December 18th will be paid a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a yield of 1.17%. This is a positive change from Ecolab’s previous quarterly dividend of $0.41. Ecolab’s payout ratio is currently 34.97%.

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Ecolab Company 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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