Wealthfront Advisers LLC Boosts Stake in Ecolab Inc. (NYSE:ECL)

Wealthfront Advisers LLC grew its position in shares of Ecolab Inc. (NYSE:ECL) by 12.5% during the third quarter, according to its most recent filing with the SEC. The firm owned 9,456 shares of the basic materials company’s stock after acquiring an additional 1,047 shares during the period. Wealthfront Advisers LLC’s holdings in Ecolab were worth $1,873,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of ECL. First Trust Advisors LP grew its holdings in shares of Ecolab by 23.9% during the 1st quarter. First Trust Advisors LP now owns 232,511 shares of the basic materials company’s stock worth $41,047,000 after acquiring an additional 44,808 shares during the period. GYL Financial Synergies LLC bought a new stake in shares of Ecolab in the 1st quarter worth approximately $213,000. FMR LLC boosted its position in shares of Ecolab by 186.7% in the 1st quarter. FMR LLC now owns 620,059 shares of the basic materials company’s stock worth $109,465,000 after purchasing an additional 403,800 shares in the last quarter. First Financial Bank Trust Division boosted its position in shares of Ecolab by 2.4% in the 2nd quarter. First Financial Bank Trust Division now owns 37,495 shares of the basic materials company’s stock worth $7,403,000 after purchasing an additional 866 shares in the last quarter. Finally, Dorsey Wright & Associates boosted its position in shares of Ecolab by 8.8% in the 2nd quarter. Dorsey Wright & Associates now owns 2,005 shares of the basic materials company’s stock worth $396,000 after purchasing an additional 162 shares in the last quarter. Hedge funds and other institutional investors own 75.97% of the company’s stock.

A number of analysts have recently commented on the company. Citigroup boosted their price target on Ecolab from $190.00 to $206.00 and gave the stock a “neutral” rating in a research report on Friday, August 2nd. Nomura boosted their price target on Ecolab from $208.00 to $210.00 and gave the stock a “buy” rating in a research report on Wednesday, August 7th. UBS Group set a $202.00 price target on Ecolab and gave the stock a “hold” rating in a research report on Wednesday, July 31st. Canaccord Genuity boosted their price target on Ecolab from $198.00 to $222.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Finally, ValuEngine cut Ecolab from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Thirteen analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $193.14.

ECL stock opened at $195.23 on Thursday. The stock has a market capitalization of $55.83 billion, a PE ratio of 37.19, a price-to-earnings-growth ratio of 2.63 and a beta of 0.81. Ecolab Inc. has a 12-month low of $135.77 and a 12-month high of $209.87. The company has a current ratio of 1.18, a quick ratio of 0.78 and a debt-to-equity ratio of 0.72. The stock’s 50 day simple moving average is $198.35 and its 200 day simple moving average is $193.23.

Ecolab (NYSE:ECL) last released its quarterly earnings data on Tuesday, July 30th. The basic materials company reported $1.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.41 by $0.01. The business had revenue of $3.76 billion for the quarter, compared to analysts’ expectations of $3.79 billion. Ecolab had a return on equity of 19.81% and a net margin of 10.12%. The firm’s quarterly revenue was up 1.9% on a year-over-year basis. During the same period in the prior year, the firm posted $1.27 EPS. On average, research analysts predict that Ecolab Inc. will post 5.91 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Tuesday, September 17th were given a $0.46 dividend. The ex-dividend date was Monday, September 16th. This represents a $1.84 annualized dividend and a yield of 0.94%. Ecolab’s dividend payout ratio (DPR) is presently 35.05%.

In related news, EVP Darrell R. Brown sold 2,280 shares of the company’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $207.95, for a total value of $474,126.00. Following the transaction, the executive vice president now directly owns 8,061 shares of the company’s stock, valued at approximately $1,676,284.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Alex N. Blanco sold 51,400 shares of the company’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $203.07, for a total value of $10,437,798.00. Following the completion of the transaction, the executive vice president now directly owns 59,425 shares in the company, valued at $12,067,434.75. The disclosure for this sale can be found here. Insiders sold a total of 66,358 shares of company stock worth $13,423,309 over the last ninety days. 1.52% of the stock is currently owned by insiders.

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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