Ecolab Inc. $ECL Position Lessened by Mcdonald Capital Investors Inc. CA

Mcdonald Capital Investors Inc. CA lessened its position in Ecolab Inc. (NYSE:ECL – Free Report) by 10.9% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 233,684 shares of the basic materials company’s stock after selling 28,621 shares during the period. Ecolab makes up 5.3% of Mcdonald Capital Investors Inc. CA’s holdings, making the stock its 11th largest position. Mcdonald Capital Investors Inc. CA’s holdings in Ecolab were worth $64,165,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the company. BlackRock Inc. bought a new position in Ecolab during the second quarter valued at about $6,422,340,000. Corient Private Wealth LP acquired a new stake in Ecolab in the 2nd quarter valued at about $244,381,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Ecolab by 1.5% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,617,425 shares of the basic materials company’s stock valued at $1,007,851,000 after purchasing an additional 51,712 shares in the last quarter. Amundi boosted its position in shares of Ecolab by 3.8% during the 1st quarter. Amundi now owns 2,412,057 shares of the basic materials company’s stock valued at $641,609,000 after purchasing an additional 88,096 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its stake in shares of Ecolab by 58.8% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 2,243,825 shares of the basic materials company’s stock worth $596,902,000 after purchasing an additional 830,726 shares during the last quarter. Institutional investors and hedge funds own 74.91% of the company’s stock.

Ecolab News Summary

Here are the key news stories impacting Ecolab this week:

Insider Buying and Selling at Ecolab

In other news, CEO Christophe Beck sold 17,862 shares of the business’s stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $280.14, for a total transaction of $5,003,860.68. Following the sale, the chief executive officer owned 72,932 shares in the company, valued at $20,431,170.48. The trade was a 19.67% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.50% of the stock is currently owned by company insiders.

Ecolab Trading Up 0.9%

NYSE:ECL opened at $291.47 on Wednesday. Ecolab Inc. has a 1-year low of $243.15 and a 1-year high of $309.27. The stock has a fifty day simple moving average of $281.02 and a 200 day simple moving average of $275.73.

Ecolab (NYSE:ECL – Get Free Report) last issued its quarterly earnings results on Tuesday, October 27th. The basic materials company reported $2.18 earnings per share for the quarter, hitting analysts’ consensus estimates of $2.18. The company had revenue of $4.69 billion during the quarter, compared to analysts’ expectations of $4.70 billion. The company’s revenue for the quarter was up 12.7% compared to the same quarter last year. During the same period in the prior year, the business posted $2.07 EPS. Sell-side analysts anticipate that Ecolab Inc. will post 8.16 EPS for the current year.

Ecolab Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, October 15th. Stockholders of record on Tuesday, September 15th were given a $0.73 dividend. This represents a $2.92 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend was Tuesday, September 15th.

Analyst Upgrades and Downgrades

A number of research firms recently commented on ECL. Robert W. Baird set a $305.00 target price on shares of Ecolab and gave the stock an “outperform” rating in a report on Wednesday, July 29th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Ecolab from $325.00 to $335.00 and gave the company a “buy” rating in a research note on Thursday, July 9th. JPMorgan Chase & Co. raised their target price on shares of Ecolab from $295.00 to $305.00 and gave the stock an “overweight” rating in a report on Wednesday, July 29th. UBS Group restated a “buy” rating on shares of Ecolab in a research report on Monday. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $337.00 price target on shares of Ecolab in a report on Tuesday, July 7th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $324.50.

Check Out Our Latest Research Report on ECL

Ecolab Company Profile

(Free Report)

Ecolab Inc is a global provider of water, hygiene, infection prevention and cleaning solutions for businesses and institutions. The company helps customers manage water and energy use, maintain sanitary operations, protect food supplies and comply with health and safety standards.

Ecolab serves customers across industries including food and beverage processing, hospitality, healthcare, life sciences, manufacturing, institutional facilities and energy. Its offerings include cleaning and sanitizing chemicals, water-treatment and process-management systems, pest-control services, kitchen and housekeeping products, infection-prevention programs, and related equipment, training and consulting services.

Founded in 1923 as Economics Laboratory, the company has expanded from its original focus on cleaning products into a broad range of technology-enabled services and solutions.

See Also

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Institutional Ownership by Quarter for Ecolab (NYSE:ECL)

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