Bank of Hawaii Sells 1,164 Shares of Ecolab Inc. (NYSE:ECL)

Bank of Hawaii lowered its stake in Ecolab Inc. (NYSE:ECL) by 9.6% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 10,915 shares of the basic materials company’s stock after selling 1,164 shares during the quarter. Bank of Hawaii’s holdings in Ecolab were worth $2,155,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. Capital Management Corp VA raised its stake in Ecolab by 3.9% during the 2nd quarter. Capital Management Corp VA now owns 1,335 shares of the basic materials company’s stock valued at $264,000 after purchasing an additional 50 shares during the period. Johnson Financial Group Inc. grew its holdings in Ecolab by 2.6% during the 2nd quarter. Johnson Financial Group Inc. now owns 2,195 shares of the basic materials company’s stock valued at $433,000 after buying an additional 56 shares in the last quarter. Cadence Bank NA grew its holdings in Ecolab by 1.4% during the 1st quarter. Cadence Bank NA now owns 4,110 shares of the basic materials company’s stock valued at $725,000 after buying an additional 57 shares in the last quarter. NuWave Investment Management LLC grew its holdings in Ecolab by 4.9% during the 2nd quarter. NuWave Investment Management LLC now owns 1,232 shares of the basic materials company’s stock valued at $243,000 after buying an additional 58 shares in the last quarter. Finally, Pillar Pacific Capital Management LLC grew its holdings in Ecolab by 4.9% during the 2nd quarter. Pillar Pacific Capital Management LLC now owns 1,271 shares of the basic materials company’s stock valued at $251,000 after buying an additional 59 shares in the last quarter. Hedge funds and other institutional investors own 75.95% of the company’s stock.

In related news, EVP Darrell R. Brown sold 2,280 shares of the business’s stock in a transaction on Monday, August 19th. The stock was sold at an average price of $207.95, for a total transaction of $474,126.00. Following the completion of the transaction, the executive vice president now owns 8,061 shares in the company, valued at approximately $1,676,284.95. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Darrell R. Brown sold 12,678 shares of the business’s stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $198.09, for a total value of $2,511,385.02. Following the transaction, the executive vice president now owns 21,061 shares of the company’s stock, valued at approximately $4,171,973.49. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 66,358 shares of company stock valued at $13,423,309. 1.52% of the stock is owned by company insiders.

Shares of Ecolab stock traded down $0.44 on Friday, reaching $196.06. The company had a trading volume of 1,584,317 shares, compared to its average volume of 1,098,988. The firm has a market cap of $56.54 billion, a price-to-earnings ratio of 37.34, a P/E/G ratio of 2.67 and a beta of 0.82. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.18 and a quick ratio of 0.78. The firm’s 50-day moving average price is $202.71 and its two-hundred day moving average price is $190.32. Ecolab Inc. has a 1 year low of $135.77 and a 1 year high of $209.87.

Ecolab (NYSE:ECL) last announced its earnings results on Tuesday, July 30th. The basic materials company reported $1.42 EPS for the quarter, topping the Zacks’ consensus estimate of $1.41 by $0.01. The firm had revenue of $3.76 billion during 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 company’s quarterly revenue was up 1.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.27 EPS. As a group, analysts anticipate that Ecolab Inc. will post 5.91 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Tuesday, September 17th will be issued a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a yield of 0.94%. The ex-dividend date is Monday, September 16th. Ecolab’s payout ratio is currently 35.05%.

ECL has been the subject of several research analyst reports. Canaccord Genuity raised their price target on Ecolab from $198.00 to $222.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Credit Suisse Group set a $181.00 price target on Ecolab and gave the company a “neutral” rating in a report on Wednesday, July 31st. Morgan Stanley raised their price target on Ecolab from $140.00 to $205.00 and gave the company an “equal weight” rating in a report on Monday, August 12th. Nomura raised their price target on Ecolab from $208.00 to $210.00 and gave the company a “buy” rating in a report on Wednesday, August 7th. Finally, UBS Group set a $202.00 price target on Ecolab and gave the company a “hold” rating in a report on Wednesday, July 31st. Twelve analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Ecolab presently has a consensus rating of “Hold” and a consensus price target of $192.00.

Ecolab 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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