Shell Asset Management Co. Decreases Holdings in Ecolab Inc. (NYSE:ECL)

Shell Asset Management Co. cut its holdings in shares of Ecolab Inc. (NYSE:ECLFree Report) by 1.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 9,112 shares of the basic materials company’s stock after selling 149 shares during the quarter. Shell Asset Management Co.’s holdings in Ecolab were worth $1,544,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Your Advocates Ltd. LLP acquired a new position in shares of Ecolab in the second quarter valued at approximately $25,000. OFI Invest Asset Management acquired a new position in shares of Ecolab in the 3rd quarter valued at $25,000. Cornerstone Planning Group LLC purchased a new stake in Ecolab in the 2nd quarter valued at $25,000. Live Oak Investment Partners purchased a new stake in Ecolab in the 4th quarter valued at $26,000. Finally, DHJJ Financial Advisors Ltd. purchased a new stake in Ecolab in the 3rd quarter valued at $27,000. 73.91% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Ecolab

In related news, EVP Laurie M. Marsh sold 11,917 shares of the stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $191.41, for a total transaction of $2,281,032.97. Following the sale, the executive vice president now owns 20,538 shares in the company, valued at approximately $3,931,178.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Ecolab news, EVP Laurie M. Marsh sold 11,917 shares of the firm’s stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $191.41, for a total value of $2,281,032.97. Following the sale, the executive vice president now owns 20,538 shares in the company, valued at $3,931,178.58. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director David Maclennan purchased 800 shares of the company’s stock in a transaction dated Friday, December 1st. The shares were acquired at an average cost of $191.53 per share, with a total value of $153,224.00. Following the purchase, the director now directly owns 16,070 shares of the company’s stock, valued at approximately $3,077,887.10. The disclosure for this purchase can be found here. Insiders own 0.04% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. Seaport Res Ptn downgraded shares of Ecolab from a “buy” rating to a “neutral” rating in a report on Monday, January 8th. StockNews.com upgraded Ecolab from a “hold” rating to a “buy” rating in a research note on Tuesday, November 7th. Raymond James began coverage on Ecolab in a research note on Thursday, November 30th. They set an “outperform” rating and a $210.00 price target for the company. UBS Group upped their target price on Ecolab from $211.00 to $227.00 and gave the stock a “buy” rating in a research report on Thursday, January 11th. Finally, Bank of America raised Ecolab from an “underperform” rating to a “neutral” rating and increased their price target for the company from $185.00 to $216.00 in a report on Tuesday, January 16th. Eleven analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, Ecolab presently has a consensus rating of “Hold” and an average price target of $201.38.

Check Out Our Latest Analysis on ECL

Ecolab Trading Down 0.1 %

Ecolab stock opened at $202.89 on Friday. The firm has a 50-day moving average of $197.24 and a 200-day moving average of $184.06. Ecolab Inc. has a one year low of $143.91 and a one year high of $203.41. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.26 and a quick ratio of 0.92. The company has a market cap of $57.85 billion, a price-to-earnings ratio of 47.07, a P/E/G ratio of 2.54 and a beta of 1.08.

Ecolab Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 16th. Shareholders of record on Tuesday, December 19th were issued a $0.57 dividend. This is a boost from Ecolab’s previous quarterly dividend of $0.53. This represents a $2.28 annualized dividend and a yield of 1.12%. The ex-dividend date of this dividend was Monday, December 18th. Ecolab’s dividend payout ratio is currently 52.90%.

Ecolab Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Ecolab (NYSE:ECL)

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