MV Capital Management Inc. Has $7.96 Million Holdings in Ecolab Inc. (NYSE:ECL)

MV Capital Management Inc. increased its stake in shares of Ecolab Inc. (NYSE:ECL) by 12.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 37,169 shares of the basic materials company’s stock after acquiring an additional 4,199 shares during the quarter. Ecolab makes up about 1.5% of MV Capital Management Inc.’s portfolio, making the stock its 18th largest position. MV Capital Management Inc.’s holdings in Ecolab were worth $7,957,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Inverness Counsel LLC NY boosted its stake in Ecolab by 14.5% during the first quarter. Inverness Counsel LLC NY now owns 9,765 shares of the basic materials company’s stock worth $2,090,000 after acquiring an additional 1,240 shares in the last quarter. Vontobel Holding Ltd. lifted its stake in shares of Ecolab by 19.3% in the first quarter. Vontobel Holding Ltd. now owns 177,427 shares of the basic materials company’s stock valued at $37,983,000 after buying an additional 28,718 shares in the last quarter. Madison Asset Management LLC lifted its stake in shares of Ecolab by 5.3% in the first quarter. Madison Asset Management LLC now owns 24,210 shares of the basic materials company’s stock valued at $5,183,000 after buying an additional 1,225 shares in the last quarter. Capital Investment Services of America Inc. lifted its stake in shares of Ecolab by 1.2% in the first quarter. Capital Investment Services of America Inc. now owns 119,321 shares of the basic materials company’s stock valued at $25,543,000 after buying an additional 1,376 shares in the last quarter. Finally, Destination Wealth Management lifted its stake in shares of Ecolab by 2.3% in the first quarter. Destination Wealth Management now owns 85,191 shares of the basic materials company’s stock valued at $18,237,000 after buying an additional 1,947 shares in the last quarter. 73.21% of the stock is currently owned by institutional investors and hedge funds.

NYSE ECL traded up $0.39 during trading hours on Friday, reaching $213.95. 2,368 shares of the company were exchanged, compared to its average volume of 1,021,536. The company has a market cap of $61.18 billion, a PE ratio of -48.58, a P/E/G ratio of 3.31 and a beta of 0.99. The company has a quick ratio of 1.33, a current ratio of 1.81 and a debt-to-equity ratio of 1.06. The firm has a 50 day simple moving average of $219.47. Ecolab Inc. has a 1 year low of $181.25 and a 1 year high of $230.00.

Ecolab (NYSE:ECL) last posted its earnings results on Tuesday, April 27th. The basic materials company reported $0.81 earnings per share for the quarter, missing the consensus estimate of $0.82 by ($0.01). The business had revenue of $2.89 billion during the quarter, compared to analysts’ expectations of $2.90 billion. Ecolab had a positive return on equity of 18.17% and a negative net margin of 11.11%. Ecolab’s revenue for the quarter was down 4.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.13 EPS. As a group, equities analysts predict that Ecolab Inc. will post 5.07 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 15th. Stockholders of record on Tuesday, June 15th will be paid a $0.48 dividend. The ex-dividend date is Monday, June 14th. This represents a $1.92 annualized dividend and a dividend yield of 0.90%. Ecolab’s payout ratio is 47.76%.

In other news, EVP Timothy P. Mulhere sold 24,471 shares of Ecolab stock in a transaction dated Friday, May 7th. The shares were sold at an average price of $228.27, for a total value of $5,585,995.17. Following the completion of the transaction, the executive vice president now owns 43,438 shares in the company, valued at $9,915,592.26. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Elizabeth A. Simermeyer sold 7,691 shares of Ecolab stock in a transaction dated Wednesday, May 5th. The stock was sold at an average price of $227.53, for a total transaction of $1,749,933.23. Following the completion of the transaction, the executive vice president now owns 16,634 shares of the company’s stock, valued at approximately $3,784,734.02. The disclosure for this sale can be found here. 1.05% of the stock is owned by company insiders.

A number of research firms have weighed in on ECL. Deutsche Bank Aktiengesellschaft raised shares of Ecolab from a “hold” rating to a “buy” rating and raised their price objective for the company from $225.00 to $250.00 in a research note on Monday, March 29th. Credit Suisse Group raised their price objective on shares of Ecolab from $210.00 to $250.00 and gave the company a “neutral” rating in a research note on Wednesday, April 28th. JPMorgan Chase & Co. raised shares of Ecolab from an “underweight” rating to a “neutral” rating and set a $220.00 price target on the stock in a research report on Wednesday, April 28th. Morgan Stanley raised their price target on shares of Ecolab from $210.00 to $230.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 28th. Finally, Zacks Investment Research lowered shares of Ecolab from a “buy” rating to a “hold” rating and set a $221.00 price target on the stock. in a research report on Wednesday, February 17th. Eight research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $228.00.

Ecolab Company Profile

Ecolab Inc provides water, hygiene, and infection prevention solutions and services worldwide. Its Global Industrial segment offers water treatment and process applications, and cleaning and sanitizing solutions to manufacturing, food and beverage processing, transportation, chemical, metals and mining, power generation, pulp and paper, commercial laundry, petroleum, and petrochemical industries.

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Institutional Ownership by Quarter for Ecolab (NYSE:ECL)

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