Sava Infond d.o.o. bought a new position in shares of Ecolab Inc. (NYSE:ECL – Free Report) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 600 shares of the basic materials company’s stock, valued at approximately $162,000.
Other large investors also recently modified their holdings of the company. Nemes Rush Group LLC increased its position in shares of Ecolab by 6.6% in the 1st quarter. Nemes Rush Group LLC now owns 42,899 shares of the basic materials company’s stock valued at $10,876,000 after purchasing an additional 2,651 shares during the last quarter. University of Texas Texas AM Investment Management Co. grew its position in shares of Ecolab by 32.4% in the 1st quarter. University of Texas Texas AM Investment Management Co. now owns 14,005 shares of the basic materials company’s stock valued at $3,551,000 after buying an additional 3,428 shares during the last quarter. Miracle Mile Advisors LLC grew its position in shares of Ecolab by 15.6% in the 1st quarter. Miracle Mile Advisors LLC now owns 5,576 shares of the basic materials company’s stock valued at $1,414,000 after buying an additional 754 shares during the last quarter. Mirabaud & Cie SA grew its position in shares of Ecolab by 1.1% in the 1st quarter. Mirabaud & Cie SA now owns 5,092 shares of the basic materials company’s stock valued at $1,291,000 after buying an additional 55 shares during the last quarter. Finally, Modern Wealth Management LLC purchased a new position in shares of Ecolab in the 1st quarter valued at $284,000. 74.91% of the stock is owned by hedge funds and other institutional investors.
Ecolab Stock Up 1.0%
ECL stock opened at $276.60 on Friday. Ecolab Inc. has a one year low of $221.62 and a one year high of $286.04. The stock has a market capitalization of $78.45 billion, a PE ratio of 36.93, a price-to-earnings-growth ratio of 2.82 and a beta of 1.09. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.12 and a current ratio of 1.44. The company has a fifty day moving average of $272.68 and a 200-day moving average of $262.12.
Ecolab Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 16th will be issued a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a yield of 0.9%. The ex-dividend date is Tuesday, September 16th. Ecolab’s dividend payout ratio (DPR) is 34.71%.
Insider Buying and Selling at Ecolab
In other Ecolab news, SVP Jennifer J. Bradway sold 807 shares of the firm’s stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $279.28, for a total transaction of $225,378.96. Following the completion of the transaction, the senior vice president directly owned 4,326 shares in the company, valued at approximately $1,208,165.28. This trade represents a 15.72% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director David Maclennan bought 600 shares of the company’s stock in a transaction on Wednesday, August 13th. The shares were acquired at an average price of $278.51 per share, with a total value of $167,106.00. Following the completion of the acquisition, the director directly owned 20,253 shares in the company, valued at $5,640,663.03. This represents a 3.05% increase in their position. The disclosure for this purchase can be found here. 0.04% of the stock is currently owned by insiders.
Wall Street Analysts Forecast Growth
A number of research firms recently commented on ECL. Citigroup dropped their target price on shares of Ecolab from $320.00 to $315.00 and set a “buy” rating on the stock in a research report on Wednesday, July 30th. Robert W. Baird increased their target price on shares of Ecolab from $300.00 to $306.00 and gave the company an “outperform” rating in a research report on Friday, September 5th. Baird R W raised shares of Ecolab from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 30th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Ecolab in a research report on Saturday, September 27th. Finally, Raymond James Financial initiated coverage on shares of Ecolab in a research report on Tuesday, August 26th. They set a “market perform” rating on the stock. Three equities research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $292.00.
Read Our Latest Stock Analysis on ECL
Ecolab Company Profile
Ecolab Inc provides water, hygiene, and infection prevention solutions and services in the United States and internationally. The company operates through three segments: Global Industrial; Global Institutional & Specialty; and Global Healthcare & Life Sciences. The 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, refining, and petrochemical industries.
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