State of Alaska Department of Revenue Cuts Position in Ecolab Inc. (ECL)

State of Alaska Department of Revenue decreased its holdings in Ecolab Inc. (NYSE:ECL) by 8.8% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 40,207 shares of the basic materials company’s stock after selling 3,888 shares during the period. State of Alaska Department of Revenue’s holdings in Ecolab were worth $7,095,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Tributary Capital Management LLC purchased a new stake in shares of Ecolab during the fourth quarter valued at approximately $25,000. Athena Capital Advisors LLC purchased a new stake in shares of Ecolab during the fourth quarter valued at approximately $25,000. Liberty Wealth Management LLC purchased a new stake in shares of Ecolab during the fourth quarter valued at approximately $27,000. Ruggie Capital Group purchased a new stake in shares of Ecolab during the fourth quarter valued at approximately $30,000. Finally, PRW Wealth Management LLC purchased a new stake in shares of Ecolab during the fourth quarter valued at approximately $30,000. Hedge funds and other institutional investors own 76.33% of the company’s stock.

In other news, CFO Daniel J. Schmechel sold 9,799 shares of the business’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $169.93, for a total transaction of $1,665,144.07. Following the completion of the transaction, the chief financial officer now owns 171,040 shares of the company’s stock, valued at $29,064,827.20. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Angela M. Busch sold 3,027 shares of the business’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $172.26, for a total transaction of $521,431.02. Following the transaction, the executive vice president now directly owns 18,907 shares of the company’s stock, valued at approximately $3,256,919.82. The disclosure for this sale can be found here. In the last three months, insiders have sold 303,489 shares of company stock valued at $51,945,415. Corporate insiders own 1.52% of the company’s stock.

ECL has been the topic of a number of analyst reports. Boenning Scattergood reiterated a “buy” rating and set a $210.00 price objective on shares of Ecolab in a research note on Tuesday, February 5th. Canaccord Genuity reiterated a “buy” rating and set a $186.00 price objective (up previously from $160.00) on shares of Ecolab in a research note on Wednesday, February 20th. Zacks Investment Research upgraded shares of Ecolab from a “sell” rating to a “hold” rating in a research note on Monday, January 7th. Edward Jones lowered shares of Ecolab from a “buy” rating to a “hold” rating in a research note on Friday, April 5th. Finally, Robert W. Baird set a $166.00 price objective on shares of Ecolab and gave the company a “hold” rating in a research note on Wednesday, February 20th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and five have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $163.93.

Shares of NYSE:ECL opened at $182.58 on Thursday. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.27 and a quick ratio of 0.85. The firm has a market capitalization of $52.34 billion, a P/E ratio of 34.78, a P/E/G ratio of 2.47 and a beta of 0.89. Ecolab Inc. has a 12-month low of $135.77 and a 12-month high of $183.41.

Ecolab (NYSE:ECL) last released its quarterly earnings data on Tuesday, February 19th. The basic materials company reported $1.54 EPS for the quarter, hitting analysts’ consensus estimates of $1.54. The firm had revenue of $3.76 billion during the quarter, compared to the consensus estimate of $3.76 billion. Ecolab had a net margin of 9.74% and a return on equity of 19.44%. The firm’s revenue was up 3.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.38 earnings per share. Equities research analysts predict that Ecolab Inc. will post 5.91 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, April 15th. Stockholders of record on Tuesday, March 19th will be issued a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a dividend yield of 1.01%. The ex-dividend date is Monday, March 18th. Ecolab’s dividend payout ratio (DPR) is 35.05%.

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Ecolab Company Profile

Ecolab Inc provides water, hygiene, and energy technologies and services worldwide. The company operates through Global Industrial, Global Institutional, Global Energy, and Other segments. The Global Industrial segment offers water treatment and process applications, and cleaning and sanitizing solutions primarily to industrial customers within the manufacturing, food and beverage processing, transportation, chemical, primary metals and mining, power generation, pulp and paper, pharmaceutical, and commercial laundry.

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Institutional Ownership by Quarter for Ecolab (NYSE:ECL)

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