Marble Harbor Investment Counsel LLC Grows Position in Ecolab Inc. (NYSE:ECL)

Marble Harbor Investment Counsel LLC boosted its stake in Ecolab Inc. (NYSE:ECLGet Rating) by 0.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 39,388 shares of the basic materials company’s stock after buying an additional 125 shares during the quarter. Ecolab makes up 1.1% of Marble Harbor Investment Counsel LLC’s investment portfolio, making the stock its 25th largest holding. Marble Harbor Investment Counsel LLC’s holdings in Ecolab were worth $9,240,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Mariner LLC raised its position in Ecolab by 5.9% in the 3rd quarter. Mariner LLC now owns 47,900 shares of the basic materials company’s stock valued at $9,993,000 after buying an additional 2,681 shares during the last quarter. Madison Asset Management LLC increased its position in shares of Ecolab by 2.4% during the 3rd quarter. Madison Asset Management LLC now owns 26,487 shares of the basic materials company’s stock valued at $5,526,000 after purchasing an additional 633 shares during the last quarter. NorthCrest Asset Manangement LLC purchased a new stake in shares of Ecolab during the 4th quarter valued at $254,000. Clear Harbor Asset Management LLC increased its position in shares of Ecolab by 0.9% during the 4th quarter. Clear Harbor Asset Management LLC now owns 17,499 shares of the basic materials company’s stock valued at $4,105,000 after purchasing an additional 158 shares during the last quarter. Finally, Tredje AP fonden increased its position in shares of Ecolab by 17.1% during the 3rd quarter. Tredje AP fonden now owns 17,100 shares of the basic materials company’s stock valued at $3,567,000 after purchasing an additional 2,500 shares during the last quarter. 75.04% of the stock is owned by institutional investors and hedge funds.

Several equities research analysts have recently issued reports on ECL shares. Bank of America raised Ecolab from a “neutral” rating to a “buy” rating and decreased their target price for the company from $210.00 to $196.00 in a research report on Tuesday, March 22nd. Boenning Scattergood lowered Ecolab from an “outperform” rating to a “neutral” rating in a research report on Tuesday, February 15th. Mizuho decreased their target price on Ecolab from $210.00 to $198.00 in a research report on Wednesday, April 27th. Robert W. Baird cut their price target on Ecolab from $225.00 to $198.00 in a research note on Friday, January 21st. Finally, Atlantic Securities initiated coverage on Ecolab in a research note on Tuesday, April 5th. They set an “overweight” rating and a $210.00 price target for the company. Ten analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, Ecolab presently has an average rating of “Hold” and a consensus price target of $205.40.

NYSE ECL traded down $3.45 during trading hours on Tuesday, hitting $160.36. The company had a trading volume of 1,133,787 shares, compared to its average volume of 1,572,126. Ecolab Inc. has a 52 week low of $154.85 and a 52 week high of $238.93. The firm has a 50 day simple moving average of $172.94 and a 200 day simple moving average of $199.76. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.83 and a current ratio of 1.27. The firm has a market capitalization of $45.81 billion, a price-to-earnings ratio of 41.76, a PEG ratio of 2.51 and a beta of 1.05.

Ecolab (NYSE:ECLGet Rating) last issued its earnings results on Tuesday, April 26th. The basic materials company reported $0.82 EPS for the quarter, hitting the consensus estimate of $0.82. Ecolab had a return on equity of 19.35% and a net margin of 8.45%. The business had revenue of $3.27 billion during the quarter, compared to the consensus estimate of $3.19 billion. During the same quarter last year, the company earned $0.81 EPS. The firm’s revenue was up 13.2% compared to the same quarter last year. On average, research analysts forecast that Ecolab Inc. will post 5.2 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 15th. Shareholders of record on Tuesday, June 21st will be issued a $0.51 dividend. The ex-dividend date of this dividend is Friday, June 17th. This represents a $2.04 annualized dividend and a dividend yield of 1.27%. Ecolab’s payout ratio is currently 53.13%.

In other Ecolab news, Director David Maclennan purchased 600 shares of the stock in a transaction on Thursday, May 5th. The shares were purchased at an average price of $171.01 per share, with a total value of $102,606.00. Following the acquisition, the director now directly owns 11,351 shares in the company, valued at approximately $1,941,134.51. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Tracy B. Mckibben purchased 1,475 shares of the stock in a transaction on Friday, April 29th. The stock was acquired at an average cost of $170.00 per share, for a total transaction of $250,750.00. Following the acquisition, the director now owns 6,746 shares in the company, valued at $1,146,820. The disclosure for this purchase can be found here. In the last ninety days, insiders acquired 7,075 shares of company stock worth $1,250,306. Insiders own 1.04% of the company’s stock.

About Ecolab (Get Rating)

Ecolab Inc provides water, hygiene, and infection prevention solutions and services in the United States and internationally. The company operates through Global Industrial, Global Institutional & Specialty, and Global Healthcare & Life Sciences segments. 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.

See Also

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Institutional Ownership by Quarter for Ecolab (NYSE:ECL)

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