Ecolab Inc. (NYSE:ECL) Holdings Raised by Pacer Advisors Inc.

Pacer Advisors Inc. boosted its stake in Ecolab Inc. (NYSE:ECL) by 10.4% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 26,580 shares of the basic materials company’s stock after buying an additional 2,507 shares during the quarter. Pacer Advisors Inc.’s holdings in Ecolab were worth $5,264,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the business. Capital Management Corp VA lifted its stake in Ecolab by 3.9% in the second quarter. Capital Management Corp VA now owns 1,335 shares of the basic materials company’s stock valued at $264,000 after buying an additional 50 shares in the last quarter. Gamble Jones Investment Counsel lifted its position in shares of Ecolab by 0.6% in the second quarter. Gamble Jones Investment Counsel now owns 8,072 shares of the basic materials company’s stock worth $1,594,000 after purchasing an additional 50 shares in the last quarter. Johnson Financial Group Inc. lifted its position in shares of Ecolab by 2.6% in the second quarter. Johnson Financial Group Inc. now owns 2,195 shares of the basic materials company’s stock worth $433,000 after purchasing an additional 56 shares in the last quarter. NuWave Investment Management LLC lifted its position in shares of Ecolab by 4.9% in the second quarter. NuWave Investment Management LLC now owns 1,232 shares of the basic materials company’s stock worth $243,000 after purchasing an additional 58 shares in the last quarter. Finally, Pillar Pacific Capital Management LLC lifted its position in shares of Ecolab by 4.9% in the second quarter. Pillar Pacific Capital Management LLC now owns 1,271 shares of the basic materials company’s stock worth $251,000 after purchasing an additional 59 shares in the last quarter. Institutional investors own 75.94% of the company’s stock.

In other Ecolab news, EVP Alex N. Blanco sold 51,400 shares of the company’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $203.07, for a total value of $10,437,798.00. Following the transaction, the executive vice president now directly owns 59,425 shares in the company, valued at $12,067,434.75. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Darrell R. Brown sold 2,280 shares of the company’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $207.95, for a total transaction of $474,126.00. Following the completion of the transaction, the executive vice president now owns 8,061 shares in the company, valued at $1,676,284.95. The disclosure for this sale can be found here. Over the last quarter, insiders sold 66,358 shares of company stock worth $13,423,309. Corporate insiders own 1.52% of the company’s stock.

ECL has been the topic of a number of research reports. BMO Capital Markets boosted their price objective on shares of Ecolab from $180.00 to $208.00 and gave the stock a “market perform” rating in a research report on Monday, August 5th. ValuEngine lowered shares of Ecolab from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Citigroup upped their price target on shares of Ecolab from $190.00 to $206.00 and gave the stock a “neutral” rating in a research report on Friday, August 2nd. Morgan Stanley upped their price target on shares of Ecolab from $140.00 to $205.00 and gave the stock an “equal weight” rating in a research report on Monday, August 12th. Finally, Credit Suisse Group set a $181.00 price target on shares of Ecolab and gave the stock a “neutral” rating in a research report on Wednesday, July 31st. Thirteen research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $193.14.

NYSE:ECL opened at $194.74 on Friday. Ecolab Inc. has a one year low of $135.77 and a one year high of $209.87. The company has a market cap of $55.05 billion, a P/E ratio of 37.09, a P/E/G ratio of 2.60 and a beta of 0.81. The firm’s fifty day moving average price is $199.20 and its two-hundred day moving average price is $192.73. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.18 and a quick ratio of 0.78.

Ecolab (NYSE:ECL) last released its quarterly earnings data on Tuesday, July 30th. The basic materials company reported $1.42 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.41 by $0.01. Ecolab had a net margin of 10.12% and a return on equity of 19.81%. The firm had revenue of $3.76 billion for the quarter, compared to the consensus estimate of $3.79 billion. During the same period in the previous year, the company earned $1.27 earnings per share. The company’s quarterly revenue was up 1.9% on a year-over-year basis. As a group, equities research analysts expect that Ecolab Inc. will post 5.91 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Tuesday, September 17th will be issued a $0.46 dividend. The ex-dividend date of this dividend is Monday, September 16th. This represents a $1.84 annualized dividend and a dividend yield of 0.94%. Ecolab’s dividend payout ratio is currently 35.05%.

About Ecolab

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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