Ecolab Inc. (ECL) Shares Sold by Hedeker Wealth LLC

Hedeker Wealth LLC reduced its stake in shares of Ecolab Inc. (NYSE:ECL) by 9.0% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 13,008 shares of the basic materials company’s stock after selling 1,289 shares during the period. Ecolab makes up approximately 1.5% of Hedeker Wealth LLC’s investment portfolio, making the stock its 24th largest position. Hedeker Wealth LLC’s holdings in Ecolab were worth $1,630,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the stock. FUKOKU MUTUAL LIFE INSURANCE Co boosted its stake in Ecolab by 60.0% in the first quarter. FUKOKU MUTUAL LIFE INSURANCE Co now owns 800 shares of the basic materials company’s stock valued at $100,000 after buying an additional 300 shares in the last quarter. JNBA Financial Advisors boosted its stake in Ecolab by 2.5% in the first quarter. JNBA Financial Advisors now owns 871 shares of the basic materials company’s stock valued at $109,000 after buying an additional 21 shares in the last quarter. Harfst & Associates Inc. acquired a new stake in Ecolab during the first quarter valued at $117,000. Guardian Life Insurance Co. of America boosted its stake in Ecolab by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 1,012 shares of the basic materials company’s stock valued at $127,000 after buying an additional 7 shares in the last quarter. Finally, State of Alaska Department of Revenue acquired a new stake in Ecolab during the first quarter valued at $134,000. 75.73% of the stock is owned by institutional investors.

Ecolab Inc. (ECL) traded up 0.96% on Wednesday, reaching $132.41. The company’s stock had a trading volume of 678,887 shares. The company has a 50-day moving average price of $132.18 and a 200 day moving average price of $128.07. Ecolab Inc. has a 12 month low of $110.65 and a 12 month high of $134.89. The company has a market cap of $38.32 billion, a P/E ratio of 30.27 and a beta of 0.98.

Ecolab (NYSE:ECL) last released its earnings results on Tuesday, August 1st. The basic materials company reported $1.13 earnings per share for the quarter, beating analysts’ consensus estimates of $1.12 by $0.01. The firm had revenue of $3.46 billion during the quarter, compared to the consensus estimate of $3.40 billion. Ecolab had a return on equity of 18.93% and a net margin of 9.66%. The company’s revenue was up 4.4% compared to the same quarter last year. During the same period in the prior year, the company posted $1.08 EPS. On average, equities research analysts anticipate that Ecolab Inc. will post $4.80 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Tuesday, September 19th will be given a dividend of $0.37 per share. The ex-dividend date is Monday, September 18th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.12%. Ecolab’s payout ratio is 33.79%.

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Several equities research analysts have recently weighed in on the company. Jefferies Group LLC reissued a “hold” rating and issued a $130.00 price objective on shares of Ecolab in a research report on Wednesday. UBS AG reaffirmed a “buy” rating and issued a $147.00 target price (up from $144.00) on shares of Ecolab in a research report on Tuesday, August 8th. Credit Suisse Group set a $128.00 target price on Ecolab and gave the stock a “hold” rating in a research report on Thursday, August 3rd. BidaskClub cut Ecolab from a “sell” rating to a “strong sell” rating in a research report on Monday. Finally, Stifel Nicolaus reaffirmed a “hold” rating and issued a $130.00 target price on shares of Ecolab in a research report on Thursday, August 3rd. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and eight have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $134.20.

In other news, major shareholder William H. Gates III bought 75,500 shares of the stock in a transaction on Thursday, August 3rd. The stock was acquired at an average price of $132.57 per share, with a total value of $10,009,035.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Stephen M. Taylor sold 23,151 shares of the company’s stock in a transaction dated Friday, June 9th. The stock was sold at an average price of $133.06, for a total value of $3,080,472.06. Following the completion of the transaction, the executive vice president now directly owns 44,466 shares of the company’s stock, valued at approximately $5,916,645.96. The disclosure for this sale can be found here. Insiders have sold a total of 44,810 shares of company stock valued at $5,897,361 in the last three months. 1.49% of the stock is owned by insiders.

About Ecolab

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.

Institutional Ownership by Quarter for Ecolab (NYSE:ECL)

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