Gateway Investment Advisers LLC lessened its stake in shares of Ecolab Inc. (NYSE:ECL) by 10.0% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 11,572 shares of the basic materials company’s stock after selling 1,280 shares during the quarter. Gateway Investment Advisers LLC’s holdings in Ecolab were worth $1,624,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Renaissance Technologies LLC acquired a new stake in Ecolab during the 4th quarter valued at $9,489,000. Ashburton Jersey Ltd grew its holdings in Ecolab by 302.9% during the 4th quarter. Ashburton Jersey Ltd now owns 1,370 shares of the basic materials company’s stock valued at $184,000 after buying an additional 1,030 shares during the last quarter. Bath Savings Trust Co grew its holdings in Ecolab by 0.4% during the 2nd quarter. Bath Savings Trust Co now owns 101,265 shares of the basic materials company’s stock valued at $14,211,000 after buying an additional 440 shares during the last quarter. GWM Advisors LLC grew its holdings in Ecolab by 16.0% during the 1st quarter. GWM Advisors LLC now owns 57,367 shares of the basic materials company’s stock valued at $7,686,000 after buying an additional 7,929 shares during the last quarter. Finally, Cornerstone Capital Management Holdings LLC. grew its holdings in Ecolab by 8.8% during the 4th quarter. Cornerstone Capital Management Holdings LLC. now owns 48,886 shares of the basic materials company’s stock valued at $6,559,000 after buying an additional 3,951 shares during the last quarter. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Shares of Ecolab opened at $143.72 on Wednesday, according to Marketbeat. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.77 and a current ratio of 1.15. The firm has a market capitalization of $41.30 billion, a P/E ratio of 30.64, a PEG ratio of 2.10 and a beta of 1.00. Ecolab Inc. has a twelve month low of $125.74 and a twelve month high of $150.46.

Ecolab (NYSE:ECL) last issued its earnings results on Tuesday, May 1st. The basic materials company reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.02. The business had revenue of $3.47 billion for the quarter, compared to analyst estimates of $3.38 billion. Ecolab had a return on equity of 19.01% and a net margin of 10.62%. The business’s quarterly revenue was up 9.8% on a year-over-year basis. During the same period last year, the company posted $0.80 EPS. equities research analysts expect that Ecolab Inc. will post 5.39 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Monday, July 16th. Investors of record on Tuesday, June 19th were given a $0.41 dividend. This represents a $1.64 annualized dividend and a dividend yield of 1.14%. The ex-dividend date of this dividend was Monday, June 18th. Ecolab’s dividend payout ratio (DPR) is currently 34.97%.

ECL has been the topic of several analyst reports. Zacks Investment Research upgraded Ecolab from a “hold” rating to a “buy” rating and set a $164.00 price objective on the stock in a report on Wednesday, April 25th. ValuEngine upgraded Ecolab from a “hold” rating to a “buy” rating in a report on Tuesday, April 17th. JPMorgan Chase & Co. cut Ecolab from a “neutral” rating to an “underweight” rating in a report on Friday, June 22nd. Credit Suisse Group set a $137.00 price objective on Ecolab and gave the stock a “hold” rating in a report on Friday, April 27th. Finally, Canaccord Genuity set a $155.00 price objective on Ecolab and gave the stock a “buy” rating in a report on Tuesday, April 24th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and nine have issued a buy rating to the stock. Ecolab has a consensus rating of “Hold” and an average target price of $145.44.

About Ecolab

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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