Ecolab Inc. (NYSE:ECL) Shares Purchased by Newbridge Financial Services Group Inc.

Newbridge Financial Services Group Inc. boosted its position in Ecolab Inc. (NYSE:ECLFree Report) by 23.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 409 shares of the basic materials company’s stock after purchasing an additional 79 shares during the period. Newbridge Financial Services Group Inc.’s holdings in Ecolab were worth $81,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Peak Asset Management LLC lifted its position in shares of Ecolab by 0.4% during the 4th quarter. Peak Asset Management LLC now owns 12,221 shares of the basic materials company’s stock valued at $2,424,000 after acquiring an additional 51 shares during the period. Riverwater Partners LLC lifted its position in shares of Ecolab by 3.3% during the 4th quarter. Riverwater Partners LLC now owns 1,654 shares of the basic materials company’s stock valued at $328,000 after acquiring an additional 53 shares during the period. St. Johns Investment Management Company LLC lifted its position in shares of Ecolab by 2.0% during the 4th quarter. St. Johns Investment Management Company LLC now owns 2,810 shares of the basic materials company’s stock valued at $557,000 after acquiring an additional 54 shares during the period. Woodmont Investment Counsel LLC lifted its position in shares of Ecolab by 1.6% during the 4th quarter. Woodmont Investment Counsel LLC now owns 3,549 shares of the basic materials company’s stock valued at $704,000 after acquiring an additional 56 shares during the period. Finally, Eagle Bluffs Wealth Management LLC lifted its position in shares of Ecolab by 1.3% during the 4th quarter. Eagle Bluffs Wealth Management LLC now owns 4,605 shares of the basic materials company’s stock valued at $916,000 after acquiring an additional 57 shares during the period. Institutional investors and hedge funds own 74.91% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the stock. Raymond James raised their price objective on shares of Ecolab from $230.00 to $250.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 3rd. JPMorgan Chase & Co. raised their price objective on shares of Ecolab from $220.00 to $225.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 1st. Royal Bank of Canada reissued an “outperform” rating and set a $260.00 price objective on shares of Ecolab in a research note on Tuesday, June 4th. Stifel Nicolaus lifted their target price on shares of Ecolab from $225.00 to $233.00 and gave the stock a “hold” rating in a research note on Wednesday, May 1st. Finally, Morgan Stanley lifted their target price on shares of Ecolab from $230.00 to $240.00 and gave the stock an “equal weight” rating in a research note on Wednesday, March 27th. Eleven research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Ecolab presently has an average rating of “Hold” and a consensus price target of $239.56.

Check Out Our Latest Stock Report on Ecolab

Insider Transactions at Ecolab

In other news, Director Arthur J. Higgins sold 4,500 shares of the business’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $227.52, for a total value of $1,023,840.00. Following the completion of the sale, the director now owns 25,548 shares of the company’s stock, valued at approximately $5,812,680.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Ecolab news, Director David Maclennan purchased 650 shares of the firm’s stock in a transaction dated Friday, May 3rd. The stock was acquired at an average cost of $227.37 per share, with a total value of $147,790.50. Following the acquisition, the director now owns 17,111 shares of the company’s stock, valued at approximately $3,890,528.07. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Arthur J. Higgins sold 4,500 shares of the stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $227.52, for a total transaction of $1,023,840.00. Following the sale, the director now owns 25,548 shares in the company, valued at approximately $5,812,680.96. The disclosure for this sale can be found here. Insiders own 0.50% of the company’s stock.

Ecolab Stock Down 0.2 %

ECL stock traded down $0.47 during trading on Tuesday, reaching $242.73. The stock had a trading volume of 199,559 shares, compared to its average volume of 1,147,246. Ecolab Inc. has a 1-year low of $156.72 and a 1-year high of $243.37. The company has a current ratio of 1.41, a quick ratio of 0.99 and a debt-to-equity ratio of 0.92. The company has a market capitalization of $69.32 billion, a P/E ratio of 45.03, a PEG ratio of 2.54 and a beta of 1.12. The firm has a fifty day moving average price of $229.88 and a 200 day moving average price of $216.48.

Ecolab (NYSE:ECLGet Free Report) last issued its quarterly earnings data on Tuesday, April 30th. The basic materials company reported $1.34 EPS for the quarter, topping analysts’ consensus estimates of $1.33 by $0.01. Ecolab had a net margin of 10.01% and a return on equity of 20.56%. The firm had revenue of $3.75 billion for the quarter, compared to analyst estimates of $3.74 billion. During the same quarter in the previous year, the business posted $0.88 EPS. The firm’s revenue was up 5.0% compared to the same quarter last year. On average, equities analysts anticipate that Ecolab Inc. will post 6.59 earnings per share for the current year.

Ecolab Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Tuesday, June 18th will be issued a $0.57 dividend. The ex-dividend date is Tuesday, June 18th. This represents a $2.28 dividend on an annualized basis and a yield of 0.94%. Ecolab’s dividend payout ratio is currently 42.22%.

Ecolab Company Profile

(Free Report)

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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Institutional Ownership by Quarter for Ecolab (NYSE:ECL)

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