Trillium Asset Management LLC lifted its stake in Ecolab Inc. (NYSE:ECL – Free Report) by 1.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 214,585 shares of the basic materials company’s stock after acquiring an additional 2,092 shares during the period. Ecolab makes up 1.6% of Trillium Asset Management LLC’s portfolio, making the stock its 11th largest holding. Trillium Asset Management LLC owned approximately 0.08% of Ecolab worth $57,819,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also modified their holdings of ECL. Saudi Central Bank acquired a new stake in Ecolab during the first quarter worth $25,000. Financial Connections Group Inc. acquired a new stake in Ecolab during the second quarter worth $26,000. J.Safra Asset Management Corp boosted its stake in Ecolab by 202.6% during the second quarter. J.Safra Asset Management Corp now owns 115 shares of the basic materials company’s stock worth $31,000 after buying an additional 77 shares in the last quarter. Ridgewood Investments LLC boosted its stake in Ecolab by 70.6% during the first quarter. Ridgewood Investments LLC now owns 145 shares of the basic materials company’s stock worth $37,000 after buying an additional 60 shares in the last quarter. Finally, Salomon & Ludwin LLC acquired a new stake in Ecolab during the second quarter worth $41,000. Institutional investors and hedge funds own 74.91% of the company’s stock.
Ecolab Stock Up 0.3%
Shares of NYSE ECL opened at $258.27 on Wednesday. The stock has a market cap of $73.25 billion, a PE ratio of 37.11, a PEG ratio of 2.65 and a beta of 1.09. The business has a fifty day moving average of $271.59 and a two-hundred day moving average of $266.89. Ecolab Inc. has a 52-week low of $221.62 and a 52-week high of $286.04. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.12 and a current ratio of 1.70.
Ecolab Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Tuesday, September 16th were issued a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend was Tuesday, September 16th. Ecolab’s payout ratio is currently 37.36%.
Wall Street Analysts Forecast Growth
A number of equities research analysts have weighed in on ECL shares. Raymond James Financial started coverage on shares of Ecolab in a research note on Tuesday, August 26th. They set a “market perform” rating on the stock. JPMorgan Chase & Co. lifted their price target on shares of Ecolab from $250.00 to $265.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 29th. Wells Fargo & Company lifted their price target on shares of Ecolab from $260.00 to $270.00 and gave the stock an “equal weight” rating in a research note on Monday, October 27th. Weiss Ratings reiterated a “buy (b)” rating on shares of Ecolab in a research note on Wednesday, October 8th. Finally, Erste Group Bank initiated coverage on Ecolab in a report on Tuesday, October 14th. They set a “buy” rating for the company. Three equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $295.14.
Get Our Latest Research Report on ECL
Insider Activity at Ecolab
In related news, SVP Jennifer J. Bradway sold 807 shares of Ecolab stock in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $279.28, for a total value of $225,378.96. Following the completion of the transaction, the senior vice president directly owned 4,326 shares of the company’s stock, valued at $1,208,165.28. The trade was a 15.72% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director David Maclennan purchased 600 shares of the business’s stock in a transaction that occurred on Wednesday, August 13th. The stock was acquired at an average cost of $278.51 per share, with a total value of $167,106.00. Following the completion of the acquisition, the director directly owned 20,253 shares of the company’s stock, valued at $5,640,663.03. The trade was a 3.05% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 0.04% of the stock is currently owned by company insiders.
Ecolab Company Profile
Ecolab Inc provides water, hygiene, and infection prevention solutions and services in the United States and internationally. The company operates through three segments: Global Industrial; Global Institutional & Specialty; and Global Healthcare & Life Sciences. 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.
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