Ecolab Inc. (NYSE:ECL) Shares Purchased by Webster Bank N. A.

Webster Bank N. A. grew its holdings in shares of Ecolab Inc. (NYSE:ECLGet Rating) by 0.4% during the 1st quarter, HoldingsChannel.com reports. The firm owned 21,716 shares of the basic materials company’s stock after buying an additional 92 shares during the period. Webster Bank N. A.’s holdings in Ecolab were worth $3,834,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of ECL. Ahrens Investment Partners LLC acquired a new stake in Ecolab in the fourth quarter valued at $25,000. Rational Advisors LLC raised its holdings in Ecolab by 133.3% during the fourth quarter. Rational Advisors LLC now owns 105 shares of the basic materials company’s stock worth $25,000 after purchasing an additional 60 shares during the last quarter. EverSource Wealth Advisors LLC purchased a new stake in Ecolab during the fourth quarter worth $26,000. Retirement Planning Co of New England Inc. acquired a new stake in Ecolab in the fourth quarter valued at $28,000. Finally, Equitec Proprietary Markets LLC purchased a new position in shares of Ecolab in the fourth quarter valued at $30,000. 75.04% of the stock is owned by institutional investors and hedge funds.

In other news, EVP Michael C. Mccormick sold 3,000 shares of the stock in a transaction that occurred on Wednesday, June 8th. The stock was sold at an average price of $167.72, for a total transaction of $503,160.00. Following the sale, the executive vice president now directly owns 50,060 shares in the company, valued at approximately $8,396,063.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director David Maclennan purchased 600 shares of Ecolab stock in a transaction dated Thursday, May 5th. The shares were purchased at an average cost of $171.01 per share, with a total value of $102,606.00. Following the acquisition, the director now owns 11,351 shares of the company’s stock, valued at approximately $1,941,134.51. The disclosure for this purchase can be found here. 1.04% of the stock is currently owned by insiders.

Shares of NYSE:ECL opened at $151.24 on Thursday. The firm has a market cap of $43.20 billion, a PE ratio of 39.39, a price-to-earnings-growth ratio of 2.34 and a beta of 1.05. The company has a current ratio of 1.27, a quick ratio of 0.83 and a debt-to-equity ratio of 1.16. Ecolab Inc. has a 12-month low of $143.82 and a 12-month high of $238.93. The company has a fifty day simple moving average of $164.26 and a 200 day simple moving average of $185.11.

Ecolab (NYSE:ECLGet Rating) last issued its earnings results on Tuesday, April 26th. The basic materials company reported $0.82 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.82. The business had revenue of $3.27 billion for the quarter, compared to analyst estimates of $3.19 billion. Ecolab had a net margin of 8.45% and a return on equity of 19.35%. The company’s revenue for the quarter was up 13.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.81 EPS. As a group, equities research analysts forecast that Ecolab Inc. will post 5.02 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, July 15th. Stockholders of record on Tuesday, June 21st will be given a $0.51 dividend. The ex-dividend date is Friday, June 17th. This represents a $2.04 annualized dividend and a dividend yield of 1.35%. Ecolab’s payout ratio is 53.13%.

Several brokerages recently issued reports on ECL. Argus reduced their price objective on shares of Ecolab from $230.00 to $200.00 and set a “buy” rating on the stock in a research note on Tuesday, May 31st. Deutsche Bank Aktiengesellschaft decreased their price objective on Ecolab from $200.00 to $195.00 in a report on Wednesday, June 8th. Barclays dropped their target price on Ecolab from $215.00 to $185.00 and set an “overweight” rating for the company in a research note on Friday, March 11th. Edward Jones raised shares of Ecolab from a “hold” rating to a “buy” rating in a research report on Thursday, March 17th. Finally, Credit Suisse Group upgraded Ecolab from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $180.00 to $195.00 in a report on Friday, June 3rd. Eight equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, Ecolab has an average rating of “Moderate Buy” and an average target price of $201.06.

Ecolab Company 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.

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Institutional Ownership by Quarter for Ecolab (NYSE:ECL)

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