Trust Co. of Vermont bought a new position in shares of Ecolab Inc. (NYSE:ECL – Free Report) in the second quarter, HoldingsChannel.com reports. The firm bought 71,350 shares of the basic materials company’s stock, valued at approximately $19,879,000.
Other institutional investors and hedge funds have also made changes to their positions in the company. Turtle Creek Wealth Advisors LLC lifted its stake in shares of Ecolab by 3.6% during the 4th quarter. Turtle Creek Wealth Advisors LLC now owns 1,028 shares of the basic materials company’s stock worth $270,000 after purchasing an additional 36 shares during the last quarter. HBK Sorce Advisory LLC grew its stake in Ecolab by 2.7% in the fourth quarter. HBK Sorce Advisory LLC now owns 1,362 shares of the basic materials company’s stock valued at $395,000 after purchasing an additional 36 shares during the last quarter. Addison Advisors LLC grew its stake in Ecolab by 5.2% in the fourth quarter. Addison Advisors LLC now owns 764 shares of the basic materials company’s stock valued at $201,000 after purchasing an additional 38 shares during the last quarter. CYBER HORNET ETFs LLC raised its holdings in Ecolab by 5.5% in the fourth quarter. CYBER HORNET ETFs LLC now owns 730 shares of the basic materials company’s stock worth $192,000 after purchasing an additional 38 shares in the last quarter. Finally, Rothschild Investment LLC lifted its position in shares of Ecolab by 9.0% during the fourth quarter. Rothschild Investment LLC now owns 486 shares of the basic materials company’s stock valued at $128,000 after buying an additional 40 shares during the last quarter. 74.91% of the stock is currently owned by hedge funds and other institutional investors.
Ecolab Price Performance
Shares of NYSE ECL opened at $275.87 on Tuesday. Ecolab Inc. has a fifty-two week low of $243.15 and a fifty-two week high of $309.27. The company has a market cap of $77.33 billion, a PE ratio of 37.03, a P/E/G ratio of 2.38 and a beta of 0.88. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.57 and a current ratio of 1.84. The business has a 50-day simple moving average of $275.00 and a two-hundred day simple moving average of $273.67.
Ecolab Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Tuesday, September 15th will be paid a dividend of $0.73 per share. The ex-dividend date is Tuesday, September 15th. This represents a $2.92 dividend on an annualized basis and a yield of 1.1%. Ecolab’s dividend payout ratio is presently 39.19%.
Wall Street Analysts Forecast Growth
A number of analysts have recently weighed in on the stock. JPMorgan Chase & Co. raised their price target on shares of Ecolab from $295.00 to $305.00 and gave the company an “overweight” rating in a report on Wednesday, July 29th. Bank of America boosted their price objective on shares of Ecolab from $337.00 to $345.00 and gave the stock a “buy” rating in a research note on Tuesday, April 21st. Mizuho increased their target price on shares of Ecolab from $325.00 to $327.00 and gave the company an “outperform” rating in a research report on Wednesday, July 29th. Wells Fargo & Company lifted their price target on shares of Ecolab from $275.00 to $295.00 and gave the stock an “equal weight” rating in a report on Thursday, July 30th. Finally, Zacks Research downgraded Ecolab from a “hold” rating to a “strong sell” rating in a research report on Monday, July 20th. One analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Ecolab presently has an average rating of “Moderate Buy” and an average price target of $327.56.
View Our Latest Stock Report on Ecolab
Insider Activity at Ecolab
In related news, COO Darrell R. Brown sold 10,000 shares of the company’s stock in a transaction on Tuesday, June 9th. The stock was sold at an average price of $260.89, for a total value of $2,608,900.00. Following the transaction, the chief operating officer directly owned 32,733 shares of the company’s stock, valued at $8,539,712.37. This represents a 23.40% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Suzanne M. Vautrinot sold 1,004 shares of the firm’s stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $264.98, for a total value of $266,039.92. Following the completion of the transaction, the director owned 11,651 shares of the company’s stock, valued at $3,087,281.98. This trade represents a 7.93% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 0.50% of the company’s stock.
Ecolab Company Profile
Ecolab, Inc is a global provider of water, hygiene and infection prevention solutions and services. The company develops and supplies cleaning and sanitizing chemicals, dispensing equipment, water-treatment systems, pest elimination services and related technologies designed to help businesses maintain clean, safe and efficient operations. Its offerings span both products and onsite services, often paired with technical support and training.
Ecolab serves a broad range of end markets including hospitality and foodservice, food and beverage processing, healthcare, manufacturing and industrial operations, and energy and utilities.
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