Ecolab Inc. (NYSE:ECL) Shares Bought by M Holdings Securities Inc.

M Holdings Securities Inc. grew its stake in Ecolab Inc. (NYSE:ECL) by 1.5% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 7,195 shares of the basic materials company’s stock after purchasing an additional 108 shares during the period. M Holdings Securities Inc.’s holdings in Ecolab were worth $1,270,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the company. Thrivent Financial for Lutherans boosted its stake in Ecolab by 1.8% during the 4th quarter. Thrivent Financial for Lutherans now owns 11,349 shares of the basic materials company’s stock worth $1,672,000 after purchasing an additional 200 shares during the period. APG Asset Management N.V. boosted its stake in Ecolab by 15.8% during the 4th quarter. APG Asset Management N.V. now owns 477,737 shares of the basic materials company’s stock worth $61,579,000 after purchasing an additional 65,300 shares during the period. Municipal Employees Retirement System of Michigan acquired a new stake in Ecolab during the 4th quarter worth $1,014,000. Bank of America Corp DE boosted its stake in Ecolab by 0.9% during the 4th quarter. Bank of America Corp DE now owns 4,447,561 shares of the basic materials company’s stock worth $655,348,000 after purchasing an additional 39,640 shares during the period. Finally, Sontag Advisory LLC acquired a new stake in Ecolab during the 4th quarter worth $64,000. Institutional investors and hedge funds own 75.22% of the company’s stock.

In other news, Director Victoria Reich sold 1,500 shares of the firm’s stock in a transaction on Thursday, June 13th. The shares were sold at an average price of $199.25, for a total value of $298,875.00. Following the completion of the sale, the director now owns 20,987 shares in the company, valued at approximately $4,181,659.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Bruno Lavandier sold 2,969 shares of the firm’s stock in a transaction on Thursday, May 2nd. The stock was sold at an average price of $183.27, for a total transaction of $544,128.63. Following the completion of the sale, the senior vice president now owns 7,732 shares of the company’s stock, valued at approximately $1,417,043.64. The disclosure for this sale can be found here. Insiders sold a total of 66,519 shares of company stock valued at $12,271,973 in the last 90 days. Company insiders own 1.52% of the company’s stock.

A number of analysts recently weighed in on ECL shares. Robert W. Baird set a $166.00 price target on shares of Ecolab and gave the stock a “hold” rating in a research note on Wednesday, February 20th. Bank of America reiterated a “buy” rating and set a $200.00 price target (up previously from $178.00) on shares of Ecolab in a research note on Wednesday, May 1st. Edward Jones cut shares of Ecolab from a “buy” rating to a “hold” rating in a research note on Friday, April 5th. JPMorgan Chase & Co. cut shares of Ecolab from an “overweight” rating to a “neutral” rating and increased their price target for the stock from $157.00 to $167.00 in a research note on Wednesday, February 20th. Finally, Credit Suisse Group set a $154.00 price target on shares of Ecolab and gave the stock an “in-line” rating in a research note on Wednesday, February 20th. Eleven equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Ecolab has a consensus rating of “Hold” and a consensus target price of $180.93.

ECL stock opened at $198.87 on Monday. Ecolab Inc. has a one year low of $135.77 and a one year high of $200.93. The firm has a market capitalization of $57.32 billion, a PE ratio of 37.88, a PEG ratio of 2.70 and a beta of 0.83. The company has a quick ratio of 0.75, a current ratio of 1.14 and a debt-to-equity ratio of 0.73.

Ecolab (NYSE:ECL) last released its earnings results on Tuesday, April 30th. The basic materials company reported $1.03 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.02 by $0.01. Ecolab had a net margin of 10.06% and a return on equity of 19.50%. The company had revenue of $3.51 billion during the quarter, compared to analysts’ expectations of $3.57 billion. During the same quarter last year, the business earned $0.91 EPS. The business’s revenue was up 1.0% on a year-over-year basis. As a group, research analysts expect that Ecolab Inc. will post 5.9 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Tuesday, June 18th will be paid a $0.46 dividend. This represents a $1.84 annualized dividend and a dividend yield of 0.93%. The ex-dividend date is Monday, June 17th. Ecolab’s dividend payout ratio (DPR) is presently 35.05%.

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Ecolab 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.

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Institutional Ownership by Quarter for Ecolab (NYSE:ECL)

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