Boston Private Wealth LLC cut its stake in Ecolab Inc. (NYSE:ECL) by 4.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 135,117 shares of the company’s stock after selling 5,651 shares during the period. Boston Private Wealth LLC’s holdings in Ecolab were worth $16,025,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Compass Capital Management Inc. boosted its stake in Ecolab by 2.3% in the second quarter. Compass Capital Management Inc. now owns 175,873 shares of the company’s stock valued at $20,859,000 after buying an additional 3,991 shares during the last quarter. Intermede Investment Partners Ltd boosted its stake in Ecolab by 2.1% in the second quarter. Intermede Investment Partners Ltd now owns 159,707 shares of the company’s stock valued at $18,941,000 after buying an additional 3,235 shares during the last quarter. Legal & General Group Plc boosted its stake in Ecolab by 1.5% in the first quarter. Legal & General Group Plc now owns 1,174,164 shares of the company’s stock valued at $130,953,000 after buying an additional 17,795 shares during the last quarter. Trillium Asset Management LLC boosted its stake in Ecolab by 3.6% in the second quarter. Trillium Asset Management LLC now owns 89,621 shares of the company’s stock valued at $10,629,000 after buying an additional 3,136 shares during the last quarter. Finally, Comgest Global Investors S.A.S. boosted its stake in Ecolab by 22.0% in the second quarter. Comgest Global Investors S.A.S. now owns 118,000 shares of the company’s stock valued at $13,995,000 after buying an additional 21,300 shares during the last quarter. Hedge funds and other institutional investors own 74.79% of the company’s stock.

Institutional Ownership by Quarter for Ecolab (NYSE:ECL)

Shares of Ecolab Inc. (NYSE:ECL) traded up 0.54% during trading on Wednesday, reaching $117.23. 302,573 shares of the company were exchanged. The firm has a market capitalization of $34.18 billion, a PE ratio of 36.76 and a beta of 0.87. Ecolab Inc. has a 1-year low of $98.62 and a 1-year high of $124.60. The company’s 50-day moving average is $119.64 and its 200 day moving average is $118.67.

Ecolab (NYSE:ECL) last announced its quarterly earnings data on Tuesday, August 2nd. The company reported $1.08 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.08. Ecolab had a return on equity of 19.24% and a net margin of 7.20%. The company had revenue of $3.32 billion for the quarter, compared to analysts’ expectations of $3.33 billion. During the same quarter in the prior year, the firm earned $1.08 earnings per share. Ecolab’s revenue was down 2.1% compared to the same quarter last year. Equities research analysts expect that Ecolab Inc. will post $4.44 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Monday, October 17th. Shareholders of record on Tuesday, September 20th were issued a dividend of $0.35 per share. The ex-dividend date was Friday, September 16th. This represents a $1.40 dividend on an annualized basis and a yield of 1.20%. Ecolab’s dividend payout ratio is currently 43.89%.

ECL has been the topic of several recent analyst reports. Oppenheimer Holdings Inc. raised their target price on Ecolab from $120.00 to $129.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 3rd. Jefferies Group reissued a “hold” rating on shares of Ecolab in a research note on Wednesday, July 6th. Zacks Investment Research raised Ecolab from a “hold” rating to a “buy” rating and set a $136.00 target price on the stock in a research note on Tuesday, October 4th. Citigroup Inc. raised their target price on Ecolab from $117.00 to $127.00 and gave the stock a “neutral” rating in a research note on Friday, July 15th. Finally, Deutsche Bank AG raised their target price on Ecolab from $118.00 to $126.00 and gave the stock a “hold” rating in a research note on Wednesday, August 3rd. Two research analysts have rated the stock with a sell rating, five have given a hold rating and twelve have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $127.68.

In other Ecolab news, EVP Christophe Beck sold 5,789 shares of the company’s stock in a transaction on Wednesday, September 7th. The stock was sold at an average price of $122.70, for a total transaction of $710,310.30. Following the completion of the sale, the executive vice president now owns 32,475 shares in the company, valued at $3,984,682.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Michael A. Hickey sold 17,761 shares of the company’s stock in a transaction on Monday, August 29th. The stock was sold at an average price of $123.90, for a total value of $2,200,587.90. Following the sale, the executive vice president now owns 61,342 shares of the company’s stock, valued at approximately $7,600,273.80. The disclosure for this sale can be found here. Company insiders own 1.50% of the company’s stock.

About Ecolab

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.

5 Day Chart for NYSE:ECL

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