Peddock Capital Advisors LLC reduced its position in shares of Ecolab Inc. (NYSE:ECL) by 3.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,321 shares of the basic materials company’s stock after selling 72 shares during the period. Peddock Capital Advisors LLC’s holdings in Ecolab were worth $448,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in ECL. Corbenic Partners LLC purchased a new position in Ecolab in the 4th quarter worth about $29,000. Quantum Capital Management purchased a new position in Ecolab in the 3rd quarter worth about $38,000. Prime Capital Investment Advisors LLC increased its stake in Ecolab by 80.0% in the 3rd quarter. Prime Capital Investment Advisors LLC now owns 225 shares of the basic materials company’s stock worth $45,000 after purchasing an additional 100 shares in the last quarter. First Personal Financial Services increased its stake in Ecolab by 166.7% in the 3rd quarter. First Personal Financial Services now owns 248 shares of the basic materials company’s stock worth $49,000 after purchasing an additional 155 shares in the last quarter. Finally, Strategic Blueprint LLC purchased a new position in Ecolab in the 3rd quarter worth about $52,000. 74.87% of the stock is currently owned by hedge funds and other institutional investors.

NYSE ECL traded down $1.30 during trading on Friday, hitting $197.27. The company’s stock had a trading volume of 20,862 shares, compared to its average volume of 943,005. The company has a quick ratio of 0.84, a current ratio of 1.24 and a debt-to-equity ratio of 0.69. The firm has a 50 day moving average price of $190.02 and a 200 day moving average price of $194.83. The firm has a market cap of $56.61 billion, a P/E ratio of 37.87, a price-to-earnings-growth ratio of 2.44 and a beta of 0.80. Ecolab Inc. has a 52 week low of $151.18 and a 52 week high of $209.87.

Ecolab (NYSE:ECL) last issued its quarterly earnings results on Tuesday, October 29th. The basic materials company reported $1.71 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.71. The company had revenue of $3.82 billion for the quarter, compared to the consensus estimate of $3.89 billion. Ecolab had a return on equity of 20.08% and a net margin of 10.27%. The company’s revenue for the quarter was up 1.9% on a year-over-year basis. During the same period in the previous year, the business posted $1.53 EPS. On average, equities analysts expect that Ecolab Inc. will post 5.86 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 17th were given a $0.47 dividend. This is an increase from Ecolab’s previous quarterly dividend of $0.46. This represents a $1.88 annualized dividend and a yield of 0.95%. The ex-dividend date was Monday, December 16th. Ecolab’s payout ratio is currently 35.81%.

A number of equities analysts recently weighed in on the company. ValuEngine cut Ecolab from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. JPMorgan Chase & Co. lifted their target price on Ecolab from $186.00 to $192.00 and gave the company a “neutral” rating in a research note on Friday, December 20th. Finally, Boenning Scattergood reaffirmed a “neutral” rating on shares of Ecolab in a research note on Monday, January 6th. Twelve research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $200.17.

Ecolab Company Profile

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

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Institutional Ownership by Quarter for Ecolab (NYSE:ECL)

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