Mar Vista Investment Partners LLC increased its stake in shares of Ecolab Inc. (NYSE:ECL) by 0.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 613,350 shares of the company’s stock after buying an additional 762 shares during the period. Ecolab comprises 4.3% of Mar Vista Investment Partners LLC’s investment portfolio, making the stock its 10th largest position. Mar Vista Investment Partners LLC’s holdings in Ecolab were worth $72,743,000 at the end of the most recent reporting period.
Several other institutional investors also recently made changes to their positions in ECL. UBS Asset Management Americas Inc. boosted its position in shares of Ecolab by 14.8% in the first quarter. UBS Asset Management Americas Inc. now owns 3,099,051 shares of the company’s stock valued at $345,606,000 after buying an additional 399,797 shares during the period. Swedbank boosted its position in shares of Ecolab by 31.8% in the second quarter. Swedbank now owns 1,279,249 shares of the company’s stock valued at $151,719,000 after buying an additional 308,469 shares during the period. PGGM Investments boosted its position in shares of Ecolab by 76.9% in the second quarter. PGGM Investments now owns 569,175 shares of the company’s stock valued at $67,504,000 after buying an additional 247,406 shares during the period. American Century Companies Inc. boosted its position in shares of Ecolab by 33.1% in the second quarter. American Century Companies Inc. now owns 949,172 shares of the company’s stock valued at $112,572,000 after buying an additional 235,952 shares during the period. Finally, Bank of Montreal Can bought a new position in shares of Ecolab during the second quarter valued at $19,574,000. Institutional investors own 74.80% of the company’s stock.
Shares of Ecolab Inc. (NYSE:ECL) traded down 0.12% on Wednesday, reaching $120.01. The company had a trading volume of 672,068 shares. The firm has a market capitalization of $34.99 billion, a price-to-earnings ratio of 37.63 and a beta of 0.87. The stock’s 50 day moving average is $120.96 and its 200 day moving average is $118.22. Ecolab Inc. has a 52 week low of $98.62 and a 52 week high of $124.60.
Ecolab (NYSE:ECL) last issued its quarterly earnings results on Tuesday, August 2nd. The company reported $1.08 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $1.08. Ecolab had a return on equity of 19.24% and a net margin of 7.20%. The business earned $3.32 billion during the quarter, compared to analyst estimates of $3.33 billion. During the same quarter in the prior year, the business posted $1.08 EPS. Ecolab’s revenue for the quarter was down 2.1% compared to the same quarter last year. On average, equities analysts anticipate that Ecolab Inc. will post $4.44 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 17th. Stockholders of record on Tuesday, September 20th will be given a dividend of $0.35 per share. The ex-dividend date of this dividend is Friday, September 16th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.17%. Ecolab’s payout ratio is 43.89%.
Several equities analysts have recently weighed in on ECL shares. Jefferies Group reiterated a “hold” rating on shares of Ecolab in a research report on Wednesday, July 6th. Nomura dropped their price objective on Ecolab from $96.00 to $94.00 and set a “reduce” rating for the company in a research note on Wednesday, June 29th. Barclays PLC reissued an “overweight” rating and set a $120.00 price objective on shares of Ecolab in a research note on Friday, July 1st. Macquarie started coverage on Ecolab in a research note on Thursday, August 25th. They set an “outperform” rating and a $143.00 price objective for the company. Finally, Zacks Investment Research raised Ecolab from a “sell” rating to a “hold” rating in a research note on Thursday, August 4th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and twelve have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $127.25.
In other news, EVP Michael A. Hickey sold 17,761 shares of the firm’s stock in a transaction dated Monday, August 29th. The stock was sold at an average price of $123.90, for a total transaction of $2,200,587.90. Following the completion of the transaction, the executive vice president now owns 61,342 shares in the company, valued at $7,600,273.80. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Chairman Douglas M. Baker, Jr. sold 25,800 shares of the firm’s stock in a transaction dated Friday, August 19th. The shares were sold at an average price of $122.41, for a total value of $3,158,178.00. Following the transaction, the chairman now owns 456,349 shares of the company’s stock, valued at approximately $55,861,681.09. The disclosure for this sale can be found here. Insiders own 1.50% of the company’s stock.
Ecolab Company Profile
Ecolab Inc provides water, hygiene and energy technologies and services. The Company’s segments include Global Industrial, Global Institutional, Global Energy, Other and Corporate. The Global Industrial segment consists of the Water, Food and Beverage, Paper and Textile Care operating units. The Global Institutional segment consists of the Institutional, Specialty and Healthcare operating units.
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