Nelson Van Denburg & Campbell Wealth Management Group LLC Reduces Stake in Ecolab Inc. (NYSE:ECL)

Nelson Van Denburg & Campbell Wealth Management Group LLC lowered its position in Ecolab Inc. (NYSE:ECL) by 3.7% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 10,110 shares of the basic materials company’s stock after selling 389 shares during the period. Nelson Van Denburg & Campbell Wealth Management Group LLC’s holdings in Ecolab were worth $1,265,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. raised its position in Ecolab by 5.4% in the first quarter. Vanguard Group Inc. now owns 20,454,223 shares of the basic materials company’s stock worth $2,563,731,000 after buying an additional 1,044,370 shares in the last quarter. Alliancebernstein L.P. raised its position in Ecolab by 19.3% in the first quarter. Alliancebernstein L.P. now owns 3,555,051 shares of the basic materials company’s stock worth $445,590,000 after buying an additional 574,200 shares in the last quarter. C WorldWide Group Holding A S raised its position in Ecolab by 10.8% in the first quarter. C WorldWide Group Holding A S now owns 3,418,975 shares of the basic materials company’s stock worth $428,535,000 after buying an additional 333,261 shares in the last quarter. Edgewood Management LLC raised its position in Ecolab by 3.5% in the first quarter. Edgewood Management LLC now owns 3,396,018 shares of the basic materials company’s stock worth $425,657,000 after buying an additional 115,601 shares in the last quarter. Finally, Alecta Pensionsforsakring Omsesidigt raised its position in Ecolab by 4.6% in the first quarter. Alecta Pensionsforsakring Omsesidigt now owns 2,264,000 shares of the basic materials company’s stock worth $283,770,000 after buying an additional 100,000 shares in the last quarter. Institutional investors own 75.71% of the company’s stock.

Shares of Ecolab Inc. (NYSE ECL) opened at 132.17 on Tuesday. The stock has a market capitalization of $38.34 billion, a P/E ratio of 31.22 and a beta of 0.98. Ecolab Inc. has a 1-year low of $110.65 and a 1-year high of $134.89. The firm’s 50-day moving average is $131.33 and its 200 day moving average is $125.10.

Ecolab (NYSE:ECL) last issued its quarterly earnings data on Tuesday, May 2nd. The basic materials company reported $0.80 earnings per share for the quarter, missing the consensus estimate of $0.81 by $0.01. The business had revenue of $3.17 billion for the quarter, compared to the consensus estimate of $3.16 billion. Ecolab had a net margin of 9.47% and a return on equity of 18.96%. Ecolab’s revenue was up 2.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.77 EPS. On average, analysts expect that Ecolab Inc. will post $4.78 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 17th. Investors of record on Tuesday, June 20th were given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 1.12%. The ex-dividend date of this dividend was Friday, June 16th. Ecolab’s payout ratio is presently 34.91%.

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ECL has been the subject of a number of analyst reports. Oppenheimer Holdings, Inc. reissued an “outperform” rating and issued a $141.00 price objective (up previously from $133.00) on shares of Ecolab in a research report on Friday, June 2nd. J P Morgan Chase & Co raised shares of Ecolab from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $120.00 to $138.00 in a research report on Friday, May 26th. Nomura raised shares of Ecolab from a “reduce” rating to a “neutral” rating and boosted their price objective for the company from $99.00 to $118.00 in a research report on Monday, April 3rd. Canaccord Genuity reissued a “buy” rating and issued a $135.00 price objective on shares of Ecolab in a research report on Monday, May 1st. Finally, Instinet raised shares of Ecolab from a “reduce” rating to a “neutral” rating and boosted their price objective for the company from $99.00 to $118.00 in a research report on Monday, April 3rd. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $129.79.

In related news, EVP Michael A. Hickey sold 13,700 shares of the firm’s stock in a transaction that occurred on Tuesday, May 30th. The shares were sold at an average price of $131.30, for a total transaction of $1,798,810.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Carl M. Casale acquired 5,000 shares of the business’s stock in a transaction that occurred on Friday, May 5th. The shares were acquired at an average cost of $126.33 per share, for a total transaction of $631,650.00. Following the transaction, the director now owns 11,495 shares of the company’s stock, valued at approximately $1,452,163.35. The disclosure for this purchase can be found here. In the last ninety days, insiders have sold 44,810 shares of company stock worth $5,897,361. Insiders own 1.49% of the company’s stock.

Ecolab Company Profile

Ecolab Inc provides water, hygiene and energy technologies and services. The Company’s cleaning and sanitizing programs and products, pest elimination services and equipment maintenance and repair services support customers in the foodservice, food and beverage processing, hospitality, healthcare, government and education, retail, textile care and commercial facilities management sectors in over 170 countries.

Institutional Ownership by Quarter for Ecolab (NYSE:ECL)

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