First National Trust Co Cuts Stake in Ecolab Inc. (ECL)

First National Trust Co lessened its position in shares of Ecolab Inc. (NYSE:ECL) by 9.4% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,912 shares of the basic materials company’s stock after selling 302 shares during the quarter. First National Trust Co’s holdings in Ecolab were worth $514,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Tributary Capital Management LLC acquired a new position in shares of Ecolab during the 4th quarter worth $25,000. Athena Capital Advisors LLC acquired a new position in Ecolab in the 4th quarter valued at about $25,000. Liberty Wealth Management LLC acquired a new position in Ecolab in the 4th quarter valued at about $27,000. Ruggie Capital Group acquired a new position in Ecolab in the 4th quarter valued at about $30,000. Finally, PRW Wealth Management LLC acquired a new position in Ecolab in the 4th quarter valued at about $30,000. 76.31% of the stock is owned by institutional investors and hedge funds.

Shares of ECL stock opened at $184.89 on Friday. Ecolab Inc. has a twelve month low of $135.77 and a twelve month high of $186.34. The stock has a market capitalization of $53.32 billion, a P/E ratio of 35.22, a PEG ratio of 2.51 and a beta of 0.89. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.27 and a quick ratio of 0.85.

Ecolab (NYSE:ECL) last posted its quarterly earnings results on Tuesday, February 19th. The basic materials company reported $1.54 EPS for the quarter, meeting the consensus estimate of $1.54. The company had revenue of $3.76 billion during the quarter, compared to analysts’ expectations of $3.76 billion. Ecolab had a return on equity of 19.44% and a net margin of 9.74%. The firm’s revenue was up 3.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.38 EPS. On average, analysts expect that Ecolab Inc. will post 5.91 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Tuesday, March 19th were issued a $0.46 dividend. This represents a $1.84 annualized dividend and a yield of 1.00%. The ex-dividend date was Monday, March 18th. Ecolab’s dividend payout ratio (DPR) is 35.05%.

Several research analysts recently weighed in on ECL shares. JPMorgan Chase & Co. downgraded shares of Ecolab from an “overweight” rating to a “neutral” rating and boosted their target price for the company from $157.00 to $167.00 in a research note on Wednesday, February 20th. Canaccord Genuity reissued a “buy” rating and issued a $186.00 target price (up previously from $160.00) on shares of Ecolab in a research note on Wednesday, February 20th. Boenning Scattergood reissued a “buy” rating and issued a $210.00 target price on shares of Ecolab in a research note on Tuesday, February 5th. UBS Group downgraded shares of Ecolab from a “buy” rating to a “neutral” rating and boosted their target price for the company from $180.00 to $186.00 in a research note on Thursday, April 18th. Finally, Seaport Global Securities reissued a “neutral” rating on shares of Ecolab in a research note on Tuesday, February 5th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $168.64.

In other Ecolab news, EVP Timothy P. Mulhere sold 11,600 shares of Ecolab stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $174.39, for a total value of $2,022,924.00. Following the completion of the sale, the executive vice president now owns 34,666 shares in the company, valued at approximately $6,045,403.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Roberto Inchaustegui sold 37,200 shares of Ecolab stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $169.08, for a total value of $6,289,776.00. Following the completion of the sale, the executive vice president now owns 41,232 shares of the company’s stock, valued at approximately $6,971,506.56. The disclosure for this sale can be found here. Insiders sold a total of 303,489 shares of company stock valued at $51,945,415 in the last 90 days. 1.52% of the stock is owned by company insiders.

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Ecolab Company Profile

Ecolab Inc provides water, hygiene, and energy technologies and services worldwide. The company operates through Global Industrial, Global Institutional, Global Energy, and Other segments. The Global Industrial segment offers water treatment and process applications, and cleaning and sanitizing solutions primarily to industrial customers within the manufacturing, food and beverage processing, transportation, chemical, primary metals and mining, power generation, pulp and paper, pharmaceutical, and commercial laundry.

See Also: Return on Equity (ROE)

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Institutional Ownership by Quarter for Ecolab (NYSE:ECL)

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