Drucker Wealth 3.0 LLC lowered its position in shares of Ecolab Inc. (NYSE:ECL – Free Report) by 13.6% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,249 shares of the basic materials company’s stock after selling 196 shares during the quarter. Drucker Wealth 3.0 LLC’s holdings in Ecolab were worth $335,000 at the end of the most recent quarter.
Several other large investors have also bought and sold shares of the company. Aberdeen Group plc boosted its stake in Ecolab by 11.9% during the second quarter. Aberdeen Group plc now owns 369,535 shares of the basic materials company’s stock valued at $98,854,000 after buying an additional 39,264 shares in the last quarter. Strong Tower Advisory Services boosted its stake in Ecolab by 2.5% during the second quarter. Strong Tower Advisory Services now owns 12,844 shares of the basic materials company’s stock valued at $3,461,000 after buying an additional 317 shares in the last quarter. PDS Planning Inc bought a new position in Ecolab during the second quarter valued at about $415,000. Blue Trust Inc. boosted its stake in Ecolab by 14.1% during the second quarter. Blue Trust Inc. now owns 3,166 shares of the basic materials company’s stock valued at $853,000 after buying an additional 392 shares in the last quarter. Finally, Robertson Stephens Wealth Management LLC boosted its stake in Ecolab by 10.3% during the second quarter. Robertson Stephens Wealth Management LLC now owns 5,838 shares of the basic materials company’s stock valued at $1,577,000 after buying an additional 547 shares in the last quarter. Institutional investors own 74.91% of the company’s stock.
Ecolab Stock Down 0.3%
Shares of Ecolab stock opened at $271.80 on Friday. The stock has a 50-day moving average price of $274.05 and a 200 day moving average price of $263.04. The company has a market cap of $77.09 billion, a P/E ratio of 36.29, a P/E/G ratio of 2.80 and a beta of 1.09. The company has a current ratio of 1.44, a quick ratio of 1.12 and a debt-to-equity ratio of 0.80. Ecolab Inc. has a 1 year low of $221.62 and a 1 year high of $286.04.
Ecolab Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Tuesday, September 16th will be paid a $0.65 dividend. This represents a $2.60 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend is Tuesday, September 16th. Ecolab’s dividend payout ratio is currently 34.71%.
Insider Buying and Selling
In other Ecolab news, SVP Jennifer J. Bradway sold 807 shares of the company’s stock in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $279.28, for a total value of $225,378.96. Following the transaction, the senior vice president directly owned 4,326 shares of the company’s stock, valued at $1,208,165.28. This represents a 15.72% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director David Maclennan bought 600 shares of the company’s stock in a transaction on Wednesday, August 13th. The stock was purchased at an average cost of $278.51 per share, for a total transaction of $167,106.00. Following the completion of the transaction, the director owned 20,253 shares in the company, valued at approximately $5,640,663.03. The trade was a 3.05% increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 0.04% of the company’s stock.
Wall Street Analyst Weigh In
ECL has been the subject of several research reports. Citigroup reaffirmed a “buy” rating on shares of Ecolab in a research note on Monday, October 6th. Mizuho upped their target price on Ecolab from $285.00 to $305.00 and gave the company an “outperform” rating in a report on Tuesday, July 15th. Robert W. Baird upped their target price on Ecolab from $300.00 to $306.00 and gave the company an “outperform” rating in a report on Friday, September 5th. Raymond James Financial began coverage on Ecolab in a report on Tuesday, August 26th. They set a “market perform” rating for the company. Finally, BMO Capital Markets upped their target price on Ecolab from $307.00 to $310.00 and gave the company an “outperform” rating in a report on Monday, September 8th. Three equities research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, Ecolab currently has an average rating of “Moderate Buy” and a consensus target price of $292.29.
View Our Latest Stock Analysis on Ecolab
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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