Stonebridge Capital Advisors LLC continued to hold its stake in shares of Ecolab Inc. (NYSE:ECL) during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 3,336 shares of the basic materials company’s stock at the end of the 2nd quarter. Stonebridge Capital Advisors LLC’s holdings in Ecolab were worth $443,000 as of its most recent filing with the SEC.
Other large investors have also recently made changes to their positions in the company. TCI Wealth Advisors Inc. increased its stake in Ecolab by 4.8% during the second quarter. TCI Wealth Advisors Inc. now owns 763 shares of the basic materials company’s stock worth $101,000 after acquiring an additional 35 shares during the last quarter. IHT Wealth Management LLC increased its stake in Ecolab by 4.9% during the second quarter. IHT Wealth Management LLC now owns 811 shares of the basic materials company’s stock worth $116,000 after acquiring an additional 38 shares during the last quarter. JNBA Financial Advisors increased its stake in Ecolab by 2.5% during the first quarter. JNBA Financial Advisors now owns 871 shares of the basic materials company’s stock worth $109,000 after acquiring an additional 21 shares during the last quarter. Atwood & Palmer Inc. increased its stake in Ecolab by 2.9% during the second quarter. Atwood & Palmer Inc. now owns 892 shares of the basic materials company’s stock worth $118,000 after acquiring an additional 25 shares during the last quarter. Finally, Harfst & Associates Inc. acquired a new stake in Ecolab during the first quarter worth about $117,000. Institutional investors own 75.42% of the company’s stock.
In other Ecolab news, major shareholder William H. Gates III acquired 75,500 shares of the company’s stock in a transaction dated Thursday, August 3rd. The shares were acquired at an average cost of $132.57 per share, for a total transaction of $10,009,035.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Thomas W. Handley sold 7,397 shares of Ecolab stock in a transaction dated Thursday, September 14th. The stock was sold at an average price of $130.63, for a total value of $966,270.11. The disclosure for this sale can be found here. Insiders own 1.49% of the company’s stock.
Shares of Ecolab Inc. (ECL) traded down 0.75% during midday trading on Wednesday, hitting $131.70. The stock had a trading volume of 197,503 shares. Ecolab Inc. has a 1-year low of $110.65 and a 1-year high of $134.89. The firm has a 50-day moving average price of $130.99 and a 200-day moving average price of $130.20. The firm has a market cap of $38.11 billion, a price-to-earnings ratio of 30.14 and a beta of 0.98.
Ecolab (NYSE:ECL) last posted its quarterly earnings data on Tuesday, August 1st. The basic materials company reported $1.13 EPS for the quarter, topping analysts’ consensus estimates of $1.12 by $0.01. The business had revenue of $3.46 billion for the quarter, compared to analyst estimates of $3.40 billion. Ecolab had a return on equity of 18.93% and a net margin of 9.66%. The firm’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same period in the previous year, the company posted $1.08 earnings per share. On average, equities analysts anticipate that Ecolab Inc. will post $4.73 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Tuesday, September 19th will be paid a $0.37 dividend. The ex-dividend date is Monday, September 18th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.12%. Ecolab’s payout ratio is presently 33.79%.
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ECL has been the subject of several research analyst reports. Credit Suisse Group restated a “hold” rating on shares of Ecolab in a research note on Wednesday, September 6th. Zacks Investment Research lowered Ecolab from a “buy” rating to a “hold” rating in a research note on Thursday, July 27th. Royal Bank Of Canada upped their target price on Ecolab from $134.00 to $137.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 12th. Canaccord Genuity reaffirmed a “buy” rating and issued a $145.00 target price on shares of Ecolab in a research report on Monday, September 11th. Finally, Nomura reaffirmed a “hold” rating and issued a $117.00 target price (down previously from $120.00) on shares of Ecolab in a research report on Tuesday, September 12th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $133.77.
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.
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