Parametric Portfolio Associates LLC Has $212.96 Million Position in Ecolab Inc. (NYSE:ECL)
Parametric Portfolio Associates LLC boosted its stake in shares of Ecolab Inc. (NYSE:ECL) by 0.7% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 1,078,604 shares of the basic materials company’s stock after purchasing an additional 7,496 shares during the quarter. Parametric Portfolio Associates LLC’s holdings in Ecolab were worth $212,960,000 at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. Thoroughbred Financial Services LLC increased its holdings in Ecolab by 20,154.4% during the 2nd quarter. Thoroughbred Financial Services LLC now owns 587,581 shares of the basic materials company’s stock valued at $58,758,000 after purchasing an additional 584,680 shares in the last quarter. BlackRock Inc. raised its position in Ecolab by 2.6% in the 1st quarter. BlackRock Inc. now owns 17,078,831 shares of the basic materials company’s stock valued at $3,015,097,000 after purchasing an additional 437,110 shares during the last quarter. FMR LLC boosted its stake in Ecolab by 186.7% in the first quarter. FMR LLC now owns 620,059 shares of the basic materials company’s stock worth $109,465,000 after purchasing an additional 403,800 shares in the last quarter. CIBC Private Wealth Group LLC boosted its stake in Ecolab by 59.3% in the first quarter. CIBC Private Wealth Group LLC now owns 1,083,150 shares of the basic materials company’s stock worth $191,220,000 after purchasing an additional 403,326 shares in the last quarter. Finally, Mirova boosted its stake in Ecolab by 210.1% in the second quarter. Mirova now owns 536,148 shares of the basic materials company’s stock worth $105,857,000 after purchasing an additional 363,259 shares in the last quarter. Institutional investors and hedge funds own 76.12% of the company’s stock.
ECL stock traded down $0.98 during midday trading on Wednesday, reaching $196.28. The stock had a trading volume of 83,796 shares, compared to its average volume of 990,907. The firm has a market cap of $56.85 billion, a price-to-earnings ratio of 37.38, a PEG ratio of 2.73 and a beta of 0.82. Ecolab Inc. has a twelve month low of $135.77 and a twelve month high of $209.87. The company has a quick ratio of 0.78, a current ratio of 1.18 and a debt-to-equity ratio of 0.72. The business has a fifty day simple moving average of $203.41 and a two-hundred day simple moving average of $189.06.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Tuesday, September 17th will be paid a $0.46 dividend. The ex-dividend date is Monday, September 16th. This represents a $1.84 dividend on an annualized basis and a yield of 0.94%. Ecolab’s payout ratio is presently 35.05%.
In other news, EVP Darrell R. Brown sold 2,280 shares of the stock in a transaction on Monday, August 19th. The stock was sold at an average price of $207.95, for a total value of $474,126.00. Following the transaction, the executive vice president now owns 8,061 shares of the company’s stock, valued at approximately $1,676,284.95. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Victoria Reich sold 1,500 shares of the firm’s stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $199.25, for a total value of $298,875.00. Following the completion of the transaction, the director now owns 20,987 shares in the company, valued at $4,181,659.75. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 65,180 shares of company stock worth $13,192,499. Insiders own 1.52% of the company’s stock.
A number of analysts have recently weighed in on ECL shares. BMO Capital Markets raised their target price on Ecolab from $180.00 to $208.00 and gave the company a “market perform” rating in a research note on Monday, August 5th. Nomura upped their price target on shares of Ecolab from $208.00 to $210.00 and gave the stock a “buy” rating in a research report on Wednesday, August 7th. UBS Group set a $202.00 price objective on shares of Ecolab and gave the stock a “hold” rating in a report on Wednesday, July 31st. Citigroup raised their price objective on shares of Ecolab from $190.00 to $206.00 and gave the company a “neutral” rating in a research report on Friday, August 2nd. Finally, Morgan Stanley boosted their target price on shares of Ecolab from $140.00 to $205.00 and gave the stock an “equal weight” rating in a research note on Monday, August 12th. Twelve equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $192.00.
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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