Mutual of America Capital Management LLC Decreases Stock Holdings in Ecolab Inc. (NYSE:ECL)

Mutual of America Capital Management LLC lowered its position in shares of Ecolab Inc. (NYSE:ECLFree Report) by 0.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 35,487 shares of the basic materials company’s stock after selling 141 shares during the period. Mutual of America Capital Management LLC’s holdings in Ecolab were worth $6,011,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. State Street Corp grew its stake in shares of Ecolab by 1.3% during the first quarter. State Street Corp now owns 11,229,633 shares of the basic materials company’s stock worth $1,864,760,000 after purchasing an additional 141,180 shares in the last quarter. Morgan Stanley grew its stake in shares of Ecolab by 58.0% during the fourth quarter. Morgan Stanley now owns 5,510,224 shares of the basic materials company’s stock worth $802,069,000 after purchasing an additional 2,023,685 shares in the last quarter. Geode Capital Management LLC lifted its position in Ecolab by 0.5% in the second quarter. Geode Capital Management LLC now owns 4,632,979 shares of the basic materials company’s stock valued at $862,321,000 after acquiring an additional 21,107 shares during the last quarter. Royal Bank of Canada lifted its position in Ecolab by 4.0% in the second quarter. Royal Bank of Canada now owns 3,730,373 shares of the basic materials company’s stock valued at $696,424,000 after acquiring an additional 144,420 shares during the last quarter. Finally, Northern Trust Corp lifted its position in Ecolab by 1.1% in the first quarter. Northern Trust Corp now owns 3,079,882 shares of the basic materials company’s stock valued at $543,784,000 after acquiring an additional 32,366 shares during the last quarter. Institutional investors and hedge funds own 73.91% of the company’s stock.

Ecolab Trading Down 0.1 %

NYSE ECL opened at $202.72 on Friday. The stock has a market capitalization of $57.80 billion, a P/E ratio of 47.03, a P/E/G ratio of 2.54 and a beta of 1.08. Ecolab Inc. has a 52-week low of $143.91 and a 52-week high of $203.62. The firm has a 50-day moving average price of $197.45 and a 200 day moving average price of $184.11. The company has a quick ratio of 0.92, a current ratio of 1.26 and a debt-to-equity ratio of 0.96.

Ecolab Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, January 16th. Investors of record on Tuesday, December 19th were issued a dividend of $0.57 per share. 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%.

Insider Buying and Selling

In other Ecolab news, EVP Laurie M. Marsh sold 11,917 shares of the company’s stock in a transaction dated 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 transaction, the executive vice president now directly 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 available at this link. In other Ecolab news, EVP Laurie M. Marsh sold 11,917 shares of the company’s stock in a transaction dated 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 transaction, the executive vice president now directly 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 available at this link. Also, EVP Nicholas J. Alfano sold 6,000 shares of the company’s stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $189.63, for a total transaction of $1,137,780.00. Following the transaction, the executive vice president now owns 9,717 shares in the company, valued at $1,842,634.71. The disclosure for this sale can be found here. 0.04% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on ECL shares. Raymond James started coverage on shares of Ecolab in a research report on Thursday, November 30th. They issued an “outperform” rating and a $210.00 price target for the company. UBS Group boosted their price target on shares of Ecolab from $211.00 to $227.00 and gave the company a “buy” rating in a research report on Thursday, January 11th. Stifel Nicolaus boosted their price target on shares of Ecolab from $187.00 to $193.00 and gave the company a “hold” rating in a research report on Wednesday, November 1st. Bank of America raised shares of Ecolab from an “underperform” rating to a “neutral” rating and boosted their price target for the company from $185.00 to $216.00 in a research report on Tuesday, January 16th. Finally, Seaport Res Ptn cut shares of Ecolab from a “buy” rating to a “neutral” rating in a research report on Monday, January 8th. Eleven research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $201.38.

Get Our Latest Analysis on Ecolab

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 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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