Ecolab Inc. (ECL) Holdings Cut by AMI Asset Management Corp

AMI Asset Management Corp lessened its stake in shares of Ecolab Inc. (NYSE:ECL) by 3.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 269,351 shares of the basic materials company’s stock after selling 10,769 shares during the period. Ecolab comprises 2.5% of AMI Asset Management Corp’s investment portfolio, making the stock its 13th largest holding. AMI Asset Management Corp’s holdings in Ecolab were worth $36,142,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Courier Capital LLC acquired a new stake in Ecolab during the 2nd quarter worth about $282,000. Bank of Nova Scotia Trust Co. acquired a new position in shares of Ecolab in the 3rd quarter valued at about $257,000. TT International increased its holdings in shares of Ecolab by 52.2% in the 3rd quarter. TT International now owns 73,369 shares of the basic materials company’s stock valued at $9,435,000 after purchasing an additional 25,169 shares during the period. Vident Investment Advisory LLC acquired a new position in shares of Ecolab in the 3rd quarter valued at about $412,000. Finally, Markel Corp increased its holdings in shares of Ecolab by 4.6% in the 3rd quarter. Markel Corp now owns 228,800 shares of the basic materials company’s stock valued at $29,426,000 after purchasing an additional 10,000 shares during the period. Hedge funds and other institutional investors own 76.57% of the company’s stock.

In related news, VP Larry L. Berger sold 5,197 shares of the stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $137.37, for a total value of $713,911.89. Following the transaction, the vice president now owns 33,110 shares in the company, valued at $4,548,320.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Michael A. Hickey sold 19,300 shares of the stock in a transaction that occurred on Tuesday, December 5th. The stock was sold at an average price of $137.54, for a total value of $2,654,522.00. Following the completion of the transaction, the executive vice president now owns 43,262 shares in the company, valued at approximately $5,950,255.48. The disclosure for this sale can be found here. Insiders sold 57,446 shares of company stock worth $7,886,307 in the last 90 days. 1.49% of the stock is currently owned by corporate insiders.

ECL has been the topic of a number of research reports. Zacks Investment Research downgraded Ecolab from a “hold” rating to a “sell” rating in a report on Tuesday, October 3rd. Robert W. Baird reiterated a “hold” rating and issued a $140.00 target price on shares of Ecolab in a report on Thursday, October 12th. Stifel Nicolaus reiterated a “hold” rating and issued a $140.00 target price on shares of Ecolab in a report on Wednesday, November 1st. Jefferies Group upped their target price on Ecolab from $130.00 to $140.00 and gave the company a “hold” rating in a report on Wednesday, November 1st. Finally, Barclays upped their target price on Ecolab from $135.00 to $145.00 and gave the company an “overweight” rating in a report on Wednesday, November 1st. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and seven have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $137.21.

Ecolab Inc. (ECL) traded down $0.64 during trading hours on Tuesday, reaching $137.02. The company had a trading volume of 1,130,000 shares, compared to its average volume of 1,050,000. Ecolab Inc. has a 12-month low of $117.55 and a 12-month high of $138.68. The firm has a market capitalization of $39,590.00, a P/E ratio of 30.86, a P/E/G ratio of 2.04 and a beta of 1.05. The company has a quick ratio of 0.83, a current ratio of 1.23 and a debt-to-equity ratio of 0.89.

Ecolab (NYSE:ECL) last released its quarterly earnings data on Tuesday, October 31st. The basic materials company reported $1.37 EPS for the quarter, topping analysts’ consensus estimates of $1.36 by $0.01. Ecolab had a return on equity of 19.05% and a net margin of 9.67%. The firm had revenue of $3.56 billion for the quarter, compared to the consensus estimate of $3.55 billion. During the same quarter in the prior year, the company posted $1.28 earnings per share. The firm’s revenue was up 5.2% on a year-over-year basis. equities analysts predict that Ecolab Inc. will post 4.7 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Tuesday, December 19th will be issued a $0.41 dividend. The ex-dividend date is Monday, December 18th. This represents a $1.64 dividend on an annualized basis and a yield of 1.20%. This is an increase from Ecolab’s previous quarterly dividend of $0.37. Ecolab’s dividend payout ratio is currently 33.33%.

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Ecolab Profile

Ecolab Inc provides water, hygiene and energy technologies and services. The Company’s cleaning and sanitizing programs and products, pest elimination services and equipment maintenance and repair services support customers in the foodservice, food and beverage processing, hospitality, healthcare, government and education, retail, textile care and commercial facilities management sectors in over 170 countries.

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Institutional Ownership by Quarter for Ecolab (NYSE:ECL)

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