Glenview Trust Co increased its position in Ecolab Inc. (NYSE:ECL – Free Report) by 38.5% during the 4th quarter, HoldingsChannel.com reports. The fund owned 107,868 shares of the basic materials company’s stock after buying an additional 29,959 shares during the period. Glenview Trust Co’s holdings in Ecolab were worth $28,318,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors have also recently bought and sold shares of the company. HBK Sorce Advisory LLC raised its holdings in Ecolab by 2.7% in the 4th quarter. HBK Sorce Advisory LLC now owns 1,362 shares of the basic materials company’s stock worth $395,000 after acquiring an additional 36 shares during the period. North Star Asset Management Inc. raised its holdings in Ecolab by 0.9% in the 4th quarter. North Star Asset Management Inc. now owns 79,933 shares of the basic materials company’s stock worth $20,984,000 after acquiring an additional 746 shares during the period. Coldstream Capital Management Inc. raised its holdings in Ecolab by 2.9% in the 4th quarter. Coldstream Capital Management Inc. now owns 5,270 shares of the basic materials company’s stock worth $1,383,000 after acquiring an additional 150 shares during the period. Pathfinder Wealth Consulting Inc. bought a new position in Ecolab in the 4th quarter worth $226,000. Finally, Associated Banc Corp raised its holdings in Ecolab by 24.2% in the 4th quarter. Associated Banc Corp now owns 1,658 shares of the basic materials company’s stock worth $435,000 after acquiring an additional 323 shares during the period. Institutional investors own 74.91% of the company’s stock.
Ecolab Stock Performance
NYSE ECL opened at $253.33 on Monday. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.99 and a quick ratio of 0.73. The firm has a market capitalization of $71.30 billion, a price-to-earnings ratio of 34.28, a P/E/G ratio of 2.10 and a beta of 0.92. The company’s fifty day moving average is $263.35 and its two-hundred day moving average is $271.48. Ecolab Inc. has a 52-week low of $243.15 and a 52-week high of $309.27.
Ecolab Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 16th will be given a dividend of $0.73 per share. This represents a $2.92 annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Tuesday, June 16th. Ecolab’s payout ratio is 39.51%.
Insider Activity
In other news, Director Tracy B. Mckibben sold 1,265 shares of Ecolab stock in a transaction dated Wednesday, February 25th. The shares were sold at an average price of $308.66, for a total transaction of $390,454.90. Following the sale, the director directly owned 11,358 shares in the company, valued at approximately $3,505,760.28. The trade was a 10.02% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Christophe Beck sold 20,000 shares of Ecolab stock in a transaction dated Tuesday, February 24th. The shares were sold at an average price of $307.37, for a total transaction of $6,147,400.00. Following the sale, the chief executive officer owned 90,794 shares in the company, valued at approximately $27,907,351.78. This trade represents a 18.05% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.50% of the stock is owned by company insiders.
Wall Street Analyst Weigh In
Several research analysts recently commented on ECL shares. Deutsche Bank Aktiengesellschaft upgraded shares of Ecolab from a “hold” rating to a “buy” rating and set a $325.00 target price on the stock in a report on Monday, April 20th. Citigroup decreased their price target on shares of Ecolab from $330.00 to $325.00 and set a “buy” rating on the stock in a research report on Thursday, April 30th. Weiss Ratings lowered shares of Ecolab from a “buy (b)” rating to a “buy (b-)” rating in a research report on Wednesday. Mizuho set a $335.00 price target on shares of Ecolab in a research report on Wednesday, February 11th. Finally, Robert W. Baird decreased their price target on shares of Ecolab from $320.00 to $296.00 and set an “outperform” rating on the stock in a research report on Tuesday, March 24th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $320.65.
Read Our Latest Research Report on Ecolab
Ecolab Profile
Ecolab, Inc is a global provider of water, hygiene and infection prevention solutions and services. The company develops and supplies cleaning and sanitizing chemicals, dispensing equipment, water-treatment systems, pest elimination services and related technologies designed to help businesses maintain clean, safe and efficient operations. Its offerings span both products and onsite services, often paired with technical support and training.
Ecolab serves a broad range of end markets including hospitality and foodservice, food and beverage processing, healthcare, manufacturing and industrial operations, and energy and utilities.
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