Ecolab Inc. (NYSE:ECL) Shares Sold by Texas Permanent School Fund

Texas Permanent School Fund decreased its position in Ecolab Inc. (NYSE:ECLGet Rating) by 6.0% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 32,338 shares of the basic materials company’s stock after selling 2,050 shares during the quarter. Texas Permanent School Fund’s holdings in Ecolab were worth $5,710,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. AIA Group Ltd grew its position in shares of Ecolab by 79.2% in the 1st quarter. AIA Group Ltd now owns 207,699 shares of the basic materials company’s stock worth $36,671,000 after acquiring an additional 91,804 shares in the last quarter. Mirova US LLC raised its stake in Ecolab by 8.3% during the 1st quarter. Mirova US LLC now owns 1,691,028 shares of the basic materials company’s stock valued at $298,567,000 after acquiring an additional 129,186 shares in the last quarter. Independent Advisor Alliance raised its stake in Ecolab by 38.7% during the 1st quarter. Independent Advisor Alliance now owns 6,549 shares of the basic materials company’s stock valued at $1,156,000 after acquiring an additional 1,826 shares in the last quarter. Valley National Advisers Inc. raised its stake in shares of Ecolab by 4,103.8% in the 1st quarter. Valley National Advisers Inc. now owns 1,093 shares of the basic materials company’s stock worth $193,000 after buying an additional 1,067 shares in the last quarter. Finally, KBC Group NV raised its stake in shares of Ecolab by 6.5% in the 1st quarter. KBC Group NV now owns 215,947 shares of the basic materials company’s stock worth $38,128,000 after buying an additional 13,192 shares in the last quarter. Institutional investors and hedge funds own 75.04% of the company’s stock.

Insiders Place Their Bets

In other Ecolab news, EVP Michael C. Mccormick sold 3,000 shares of the stock in a transaction dated Wednesday, June 8th. The stock was sold at an average price of $167.72, for a total transaction of $503,160.00. Following the completion of the transaction, the executive vice president now owns 50,060 shares in the company, valued at approximately $8,396,063.20. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, EVP Michael C. Mccormick sold 3,000 shares of the firm’s stock in a transaction dated Wednesday, June 8th. The stock was sold at an average price of $167.72, for a total value of $503,160.00. Following the completion of the transaction, the executive vice president now owns 50,060 shares in the company, valued at approximately $8,396,063.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Arthur J. Higgins sold 3,200 shares of the firm’s stock in a transaction dated Monday, August 1st. The shares were sold at an average price of $166.74, for a total value of $533,568.00. Following the completion of the transaction, the director now owns 22,530 shares of the company’s stock, valued at approximately $3,756,652.20. The disclosure for this sale can be found here. Corporate insiders own 1.04% of the company’s stock.

Ecolab Stock Down 0.1 %

Shares of ECL opened at $166.82 on Friday. The business’s fifty day moving average price is $159.06 and its two-hundred day moving average price is $170.06. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.84 and a current ratio of 1.29. The firm has a market capitalization of $47.65 billion, a price-to-earnings ratio of 43.44, a PEG ratio of 2.76 and a beta of 1.02. Ecolab Inc. has a 52 week low of $143.82 and a 52 week high of $238.93.

Ecolab (NYSE:ECLGet Rating) last posted its quarterly earnings results on Tuesday, July 26th. The basic materials company reported $1.10 earnings per share for the quarter, beating analysts’ consensus estimates of $1.07 by $0.03. The company had revenue of $3.58 billion for the quarter, compared to the consensus estimate of $3.48 billion. Ecolab had a return on equity of 18.56% and a net margin of 8.17%. The firm’s quarterly revenue was up 13.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.22 EPS. On average, analysts predict that Ecolab Inc. will post 4.78 earnings per share for the current year.

Ecolab Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 17th. Investors of record on Tuesday, September 20th will be paid a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 1.22%. Ecolab’s payout ratio is presently 53.13%.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Argus dropped their price objective on Ecolab from $230.00 to $200.00 and set a “buy” rating on the stock in a research note on Tuesday, May 31st. Wells Fargo & Company assumed coverage on Ecolab in a research note on Tuesday, July 12th. They issued an “overweight” rating and a $187.00 target price on the stock. Deutsche Bank Aktiengesellschaft reduced their price target on Ecolab from $195.00 to $180.00 in a research report on Wednesday, July 27th. Bank of America cut Ecolab from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $193.00 to $183.00 in a research report on Wednesday, July 13th. Finally, UBS Group reduced their price target on Ecolab to $198.00 and set an “outperform” rating for the company in a research report on Wednesday, July 27th. Ten analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $194.12.

Ecolab Profile

(Get Rating)

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

See Also

Institutional Ownership by Quarter for Ecolab (NYSE:ECL)

Receive News & Ratings for Ecolab Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ecolab and related companies with MarketBeat.com's FREE daily email newsletter.