Macquarie Group Ltd. Sells 1,160 Shares of Ecolab Inc. (ECL)

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Macquarie Group Ltd. lowered its holdings in shares of Ecolab Inc. (NYSE:ECL) by 1.0% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 114,940 shares of the basic materials company’s stock after selling 1,160 shares during the period. Macquarie Group Ltd.’s holdings in Ecolab were worth $16,130,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in the stock. Highland Capital Management LP bought a new stake in Ecolab in the 2nd quarter worth $210,000. Flagship Harbor Advisors LLC purchased a new stake in shares of Ecolab in the 2nd quarter worth about $139,000. Tuttle Tactical Management purchased a new stake in shares of Ecolab in the 2nd quarter worth about $269,000. Morgan Stanley lifted its position in shares of Ecolab by 36.1% in the 2nd quarter. Morgan Stanley now owns 2,797,769 shares of the basic materials company’s stock worth $392,612,000 after purchasing an additional 742,376 shares during the period. Finally, Luminus Management LLC purchased a new stake in shares of Ecolab in the 2nd quarter worth about $10,037,000. 76.26% of the stock is currently owned by institutional investors.

In other Ecolab news, EVP Roberto Inchaustegui sold 10,600 shares of the company’s stock in a transaction that occurred on Thursday, August 2nd. The shares were sold at an average price of $145.71, for a total value of $1,544,526.00. Following the completion of the transaction, the executive vice president now directly owns 33,202 shares in the company, valued at $4,837,863.42. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director David Maclennan purchased 500 shares of the company’s stock in a transaction on Thursday, August 2nd. The stock was purchased at an average price of $146.40 per share, with a total value of $73,200.00. Following the completion of the transaction, the director now owns 2,128 shares of the company’s stock, valued at $311,539.20. The disclosure for this purchase can be found here. Insiders sold 114,885 shares of company stock valued at $17,369,786 over the last ninety days. Corporate insiders own 1.50% of the company’s stock.

Ecolab stock traded up $0.03 during trading hours on Friday, hitting $145.98. The stock had a trading volume of 1,430,042 shares, compared to its average volume of 1,189,445. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.84 and a current ratio of 1.27. The stock has a market capitalization of $45.29 billion, a PE ratio of 31.13, a price-to-earnings-growth ratio of 2.28 and a beta of 0.95. Ecolab Inc. has a 12-month low of $125.74 and a 12-month high of $159.92.

Ecolab (NYSE:ECL) last issued its earnings results on Tuesday, July 31st. The basic materials company reported $1.27 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.27. The business had revenue of $3.69 billion during the quarter, compared to analysts’ expectations of $3.69 billion. Ecolab had a net margin of 10.83% and a return on equity of 18.96%. The business’s revenue for the quarter was up 6.6% compared to the same quarter last year. During the same period in the previous year, the company earned $1.13 earnings per share. As a group, equities research analysts forecast that Ecolab Inc. will post 5.37 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, October 15th. Shareholders of record on Tuesday, September 18th will be issued a $0.41 dividend. The ex-dividend date is Monday, September 17th. This represents a $1.64 annualized dividend and a yield of 1.12%. Ecolab’s dividend payout ratio (DPR) is presently 34.97%.

ECL has been the subject of several research analyst reports. Zacks Investment Research raised shares of Ecolab from a “hold” rating to a “buy” rating and set a $176.00 target price for the company in a research report on Wednesday. Canaccord Genuity set a $160.00 price target on shares of Ecolab and gave the company a “buy” rating in a research report on Tuesday, July 24th. UBS Group lifted their price target on shares of Ecolab from $165.00 to $180.00 and gave the company a “buy” rating in a research report on Tuesday, October 2nd. JPMorgan Chase & Co. cut shares of Ecolab from a “neutral” rating to an “underweight” rating in a research report on Friday, June 22nd. Finally, Nomura lifted their price target on shares of Ecolab from $136.00 to $146.00 and gave the company a “neutral” rating in a research report on Thursday, June 28th. Eight research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $151.87.

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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