Ecolab Inc. (NYSE:ECL) Shares Acquired by Colony Group LLC

Colony Group LLC lifted its holdings in Ecolab Inc. (NYSE:ECL) by 57.2% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,426 shares of the basic materials company’s stock after purchasing an additional 1,610 shares during the period. Colony Group LLC’s holdings in Ecolab were worth $958,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the stock. Morgan Stanley grew its holdings in shares of Ecolab by 14.9% in the third quarter. Morgan Stanley now owns 4,486,521 shares of the basic materials company’s stock valued at $896,587,000 after purchasing an additional 582,990 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Ecolab by 10.6% in the fourth quarter. Bank of New York Mellon Corp now owns 3,784,350 shares of the basic materials company’s stock valued at $818,784,000 after purchasing an additional 361,570 shares in the last quarter. C WorldWide Group Holding A S grew its holdings in shares of Ecolab by 2.1% in the fourth quarter. C WorldWide Group Holding A S now owns 2,171,505 shares of the basic materials company’s stock valued at $469,826,000 after purchasing an additional 43,817 shares in the last quarter. Amundi Pioneer Asset Management Inc. grew its holdings in shares of Ecolab by 13.6% in the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 1,957,395 shares of the basic materials company’s stock valued at $423,505,000 after purchasing an additional 233,894 shares in the last quarter. Finally, Allianz Asset Management GmbH grew its holdings in shares of Ecolab by 2.0% in the third quarter. Allianz Asset Management GmbH now owns 1,466,416 shares of the basic materials company’s stock valued at $293,048,000 after purchasing an additional 28,945 shares in the last quarter. Hedge funds and other institutional investors own 73.58% of the company’s stock.

ECL stock opened at $213.33 on Friday. The company has a fifty day moving average price of $211.65 and a 200 day moving average price of $209.74. Ecolab Inc. has a 12 month low of $145.31 and a 12 month high of $231.36. The company has a market cap of $61.03 billion, a price-to-earnings ratio of -57.81, a price-to-earnings-growth ratio of 3.91 and a beta of 1.01. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.61 and a quick ratio of 1.19.

Ecolab (NYSE:ECL) last released its quarterly earnings results on Tuesday, February 16th. The basic materials company reported $1.23 EPS for the quarter, missing the consensus estimate of $1.25 by ($0.02). Ecolab had a negative net margin of 8.21% and a positive return on equity of 18.14%. The business had revenue of $3.07 billion during the quarter, compared to analysts’ expectations of $3.10 billion. During the same quarter last year, the company earned $1.66 EPS. As a group, analysts anticipate that Ecolab Inc. will post 4.03 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 15th. Investors of record on Tuesday, March 16th will be given a $0.48 dividend. The ex-dividend date of this dividend is Monday, March 15th. This represents a $1.92 annualized dividend and a yield of 0.90%. Ecolab’s dividend payout ratio (DPR) is 32.99%.

A number of research analysts recently issued reports on ECL shares. G.Research upgraded shares of Ecolab from a “hold” rating to a “buy” rating in a research note on Friday, January 15th. Argus lifted their price target on shares of Ecolab from $215.00 to $250.00 and gave the stock a “buy” rating in a research note on Thursday, January 7th. Zacks Investment Research downgraded shares of Ecolab from a “buy” rating to a “hold” rating and set a $221.00 price target for the company. in a research note on Wednesday, February 17th. Gabelli upgraded shares of Ecolab from a “hold” rating to a “buy” rating in a research note on Friday, January 15th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on shares of Ecolab from $200.00 to $225.00 and gave the stock a “hold” rating in a research note on Wednesday, February 17th. Eleven equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Ecolab has an average rating of “Hold” and a consensus price target of $210.69.

In other Ecolab news, EVP Jill S. Wyant sold 2,613 shares of the business’s stock in a transaction on Tuesday, March 9th. The shares were sold at an average price of $214.54, for a total value of $560,593.02. Following the transaction, the executive vice president now directly owns 10,123 shares of the company’s stock, valued at approximately $2,171,788.42. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 1.22% of the stock is owned by corporate insiders.

About Ecolab

Ecolab Inc provides water, hygiene, and infection prevention solutions and services worldwide. Its Global Industrial segment offers water treatment and process applications, and cleaning and sanitizing solutions to manufacturing, food and beverage processing, transportation, chemical, metals and mining, power generation, pulp and paper, commercial laundry, petroleum, and petrochemical industries.

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Institutional Ownership by Quarter for Ecolab (NYSE:ECL)

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