Ingalls & Snyder LLC reduced its stake in Ecolab Inc. (NYSE:ECL) by 9.3% during the 4th quarter, Holdings Channel reports. The firm owned 12,951 shares of the basic materials company’s stock after selling 1,334 shares during the period. Ingalls & Snyder LLC’s holdings in Ecolab were worth $1,738,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Bank of Nova Scotia Trust Co. bought a new position in shares of Ecolab in the 3rd quarter worth $257,000. TT International boosted its position in shares of Ecolab by 52.2% in the 3rd quarter. TT International now owns 73,369 shares of the basic materials company’s stock worth $9,435,000 after purchasing an additional 25,169 shares during the last quarter. Vident Investment Advisory LLC bought a new position in shares of Ecolab in the 3rd quarter worth $412,000. Pensionfund DSM Netherlands bought a new position in shares of Ecolab in the 4th quarter worth $3,489,000. Finally, Markel Corp boosted its position in shares of Ecolab by 4.6% in the 3rd quarter. Markel Corp now owns 228,800 shares of the basic materials company’s stock worth $29,426,000 after purchasing an additional 10,000 shares during the last quarter. Institutional investors and hedge funds own 76.57% of the company’s stock.

Shares of Ecolab Inc. (NYSE ECL) opened at $139.75 on Friday. Ecolab Inc. has a 12 month low of $117.55 and a 12 month high of $139.97. The stock has a market capitalization of $40,375.73, a PE ratio of 30.71, a price-to-earnings-growth ratio of 2.06 and a beta of 1.05. The company has a quick ratio of 0.83, a current ratio of 1.23 and a debt-to-equity ratio of 0.89.

Ecolab (NYSE:ECL) last released its quarterly earnings results on Tuesday, October 31st. The basic materials company reported $1.37 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.36 by $0.01. Ecolab had a return on equity of 19.05% and a net margin of 9.67%. The firm had revenue of $3.56 billion for the quarter, compared to the consensus estimate of $3.55 billion. During the same quarter last year, the business posted $1.28 EPS. The company’s revenue for the quarter was up 5.2% on a year-over-year basis. equities research analysts forecast that Ecolab Inc. will post 4.7 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, January 16th. Shareholders of record on Tuesday, December 19th were paid a $0.41 dividend. This is an increase from Ecolab’s previous quarterly dividend of $0.37. The ex-dividend date was Monday, December 18th. This represents a $1.64 annualized dividend and a dividend yield of 1.17%. Ecolab’s dividend payout ratio (DPR) is currently 33.26%.

Several research analysts have recently issued reports on the company. Royal Bank of Canada restated a “buy” rating on shares of Ecolab in a research report on Friday. Citigroup downgraded Ecolab from a “buy” rating to a “neutral” rating in a research note on Friday, January 5th. Barclays reaffirmed a “buy” rating and set a $150.00 price objective on shares of Ecolab in a research note on Wednesday, December 27th. Robert W. Baird reaffirmed a “hold” rating and set a $140.00 price objective on shares of Ecolab in a research note on Thursday, October 12th. Finally, Zacks Investment Research raised Ecolab from a “sell” rating to a “hold” rating in a research note on Thursday, November 2nd. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and seven have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $137.21.

In other Ecolab news, insider Thomas W. Handley sold 11,644 shares of Ecolab stock in a transaction dated Tuesday, December 5th. The stock was sold at an average price of $137.50, for a total value of $1,601,050.00. Following the sale, the insider now owns 109,542 shares of the company’s stock, valued at approximately $15,062,025. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Bruno Lavandier sold 347 shares of Ecolab stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $134.77, for a total value of $46,765.19. Following the completion of the sale, the senior vice president now directly owns 7,615 shares in the company, valued at approximately $1,026,273.55. The disclosure for this sale can be found here. Insiders sold a total of 57,446 shares of company stock worth $7,886,307 in the last three months. Company insiders own 1.49% of the company’s stock.

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Ecolab Profile

Ecolab Inc provides water, hygiene and energy technologies and services. The Company’s cleaning and sanitizing programs and products, pest elimination services and equipment maintenance and repair services support customers in the foodservice, food and beverage processing, hospitality, healthcare, government and education, retail, textile care and commercial facilities management sectors in over 170 countries.

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Institutional Ownership by Quarter for Ecolab (NYSE:ECL)

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