Palladium Partners LLC lessened its stake in Ecolab Inc. (NYSE:ECL) by 34.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,169 shares of the basic materials company’s stock after selling 2,150 shares during the period. Palladium Partners LLC’s holdings in Ecolab were worth $805,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the stock. Putnam FL Investment Management Co. lifted its position in shares of Ecolab by 3,065.2% during the 3rd quarter. Putnam FL Investment Management Co. now owns 4,463 shares of the basic materials company’s stock valued at $884,000 after acquiring an additional 4,322 shares during the period. Cibc Bank USA grew its position in shares of Ecolab by 9.1% in the third quarter. Cibc Bank USA now owns 2,239 shares of the basic materials company’s stock valued at $443,000 after purchasing an additional 186 shares in the last quarter. Puzo Michael J raised its stake in shares of Ecolab by 11.4% during the 3rd quarter. Puzo Michael J now owns 2,450 shares of the basic materials company’s stock valued at $486,000 after purchasing an additional 250 shares during the period. Harel Insurance Investments & Financial Services Ltd. bought a new stake in shares of Ecolab during the 3rd quarter valued at $514,000. Finally, Banco Santander S.A. bought a new stake in shares of Ecolab during the 3rd quarter valued at $910,000. Hedge funds and other institutional investors own 74.89% of the company’s stock.

Several research analysts have commented on ECL shares. JPMorgan Chase & Co. raised their target price on Ecolab from $186.00 to $192.00 and gave the stock a “neutral” rating in a research note on Friday, December 20th. Boenning Scattergood cut Ecolab from an “outperform” rating to a “neutral” rating in a research report on Friday, February 7th. Eleven research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $199.27.

Shares of NYSE ECL traded up $0.25 during midday trading on Friday, hitting $207.31. 1,232,733 shares of the company’s stock were exchanged, compared to its average volume of 1,115,760. Ecolab Inc. has a 12-month low of $160.83 and a 12-month high of $209.87. The company has a current ratio of 1.24, a quick ratio of 0.84 and a debt-to-equity ratio of 0.69. The company has a market cap of $59.61 billion, a price-to-earnings ratio of 39.79, a PEG ratio of 2.56 and a beta of 0.80. The business’s fifty day moving average price is $195.88 and its two-hundred day moving average price is $195.22.

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 17th were paid a $0.47 dividend. This is an increase from Ecolab’s previous quarterly dividend of $0.46. This represents a $1.88 dividend on an annualized basis and a yield of 0.91%. The ex-dividend date was Monday, December 16th. Ecolab’s dividend payout ratio (DPR) is currently 35.81%.

Ecolab Company 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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