American International Group Inc. lessened its position in Ecolab Inc. (NYSE:ECL) by 0.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 115,057 shares of the basic materials company’s stock after selling 429 shares during the quarter. American International Group Inc.’s holdings in Ecolab were worth $16,146,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Bailard Inc. raised its holdings in Ecolab by 6.1% in the 2nd quarter. Bailard Inc. now owns 6,033 shares of the basic materials company’s stock worth $847,000 after acquiring an additional 347 shares during the period. Stratos Wealth Partners LTD. grew its position in Ecolab by 4.2% in the 1st quarter. Stratos Wealth Partners LTD. now owns 9,105 shares of the basic materials company’s stock worth $1,248,000 after purchasing an additional 366 shares during the last quarter. Cannell Peter B & Co. Inc. grew its position in Ecolab by 2.9% in the 1st quarter. Cannell Peter B & Co. Inc. now owns 13,545 shares of the basic materials company’s stock worth $1,857,000 after purchasing an additional 380 shares during the last quarter. Rational Advisors LLC grew its position in Ecolab by 24.5% in the 1st quarter. Rational Advisors LLC now owns 1,934 shares of the basic materials company’s stock worth $265,000 after purchasing an additional 380 shares during the last quarter. Finally, Smithbridge Asset Management Inc. DE grew its position in Ecolab by 1.9% in the 2nd quarter. Smithbridge Asset Management Inc. DE now owns 20,827 shares of the basic materials company’s stock worth $2,923,000 after purchasing an additional 380 shares during the last quarter. Hedge funds and other institutional investors own 76.38% of the company’s stock.

Several analysts have issued reports on ECL shares. JPMorgan Chase & Co. upgraded shares of Ecolab from an “underweight” rating to a “neutral” rating in a research report on Wednesday, August 1st. Canaccord Genuity set a $155.00 price target on shares of Ecolab and gave the stock a “buy” rating in a research report on Tuesday, April 24th. Zacks Investment Research lowered shares of Ecolab from a “hold” rating to a “sell” rating in a research report on Tuesday, July 24th. Credit Suisse Group set a $137.00 price target on shares of Ecolab and gave the stock a “hold” rating in a research report on Friday, April 27th. Finally, ValuEngine lowered shares of Ecolab from a “buy” rating to a “hold” rating in a research report on Saturday, May 26th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and nine have assigned a buy rating to the company’s stock. Ecolab presently has an average rating of “Hold” and an average target price of $147.00.

In other Ecolab news, Director David Maclennan bought 500 shares of the firm’s stock in a transaction dated Thursday, August 2nd. The shares were acquired at an average cost of $146.40 per share, for a total transaction of $73,200.00. Following the transaction, the director now owns 2,128 shares in the company, valued at $311,539.20. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Victoria Reich sold 6,700 shares of Ecolab stock in a transaction dated Thursday, August 9th. The shares were sold at an average price of $148.40, for a total transaction of $994,280.00. Following the sale, the director now owns 20,987 shares in the company, valued at $3,114,470.80. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 42,800 shares of company stock worth $6,308,471. 1.50% of the stock is owned by company insiders.

Shares of Ecolab stock opened at $147.31 on Monday. The company has a current ratio of 1.27, a quick ratio of 0.84 and a debt-to-equity ratio of 0.80. Ecolab Inc. has a twelve month low of $125.74 and a twelve month high of $150.46. The stock has a market cap of $42.43 billion, a PE ratio of 31.41, a price-to-earnings-growth ratio of 2.14 and a beta of 0.95.

Ecolab (NYSE:ECL) last issued its earnings results on Tuesday, July 31st. The basic materials company reported $1.27 earnings per share for the quarter, meeting the consensus estimate of $1.27. Ecolab had a net margin of 10.83% and a return on equity of 18.96%. The business had revenue of $3.69 billion for the quarter, compared to analyst estimates of $3.69 billion. During the same period in the previous year, the business earned $1.13 EPS. The firm’s revenue was up 6.6% on a year-over-year basis. research analysts forecast that Ecolab Inc. will post 5.38 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 15th. Stockholders of record on Tuesday, September 18th will be given a dividend of $0.41 per share. The ex-dividend date of this dividend is Monday, September 17th. This represents a $1.64 annualized dividend and a dividend yield of 1.11%. Ecolab’s dividend payout ratio (DPR) is currently 34.97%.

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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