Revisor Wealth Management LLC Sells 347 Shares of Ecolab Inc. (NYSE:ECL)

Revisor Wealth Management LLC decreased its holdings in Ecolab Inc. (NYSE:ECL) by 25.2% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,029 shares of the basic materials company’s stock after selling 347 shares during the quarter. Revisor Wealth Management LLC’s holdings in Ecolab were worth $244,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ECL. Creative Financial Designs Inc. ADV lifted its stake in Ecolab by 134.8% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 108 shares of the basic materials company’s stock worth $25,000 after purchasing an additional 62 shares during the period. Graney & King LLC bought a new stake in shares of Ecolab in the 4th quarter valued at approximately $26,000. Midwest Capital Advisors LLC acquired a new position in shares of Ecolab in the 4th quarter worth approximately $28,000. Navigoe LLC bought a new position in shares of Ecolab during the 4th quarter worth approximately $31,000. Finally, Accredited Wealth Management LLC acquired a new stake in Ecolab in the 4th quarter valued at $33,000. 74.91% of the stock is owned by institutional investors.

Ecolab Stock Performance

Ecolab stock opened at $261.06 on Friday. The company has a market cap of $74.05 billion, a PE ratio of 35.37, a PEG ratio of 2.57 and a beta of 1.05. The company has a current ratio of 1.26, a quick ratio of 0.95 and a debt-to-equity ratio of 0.79. Ecolab Inc. has a 1 year low of $220.96 and a 1 year high of $273.69. The company’s 50-day moving average is $247.01 and its two-hundred day moving average is $248.11.

Ecolab (NYSE:ECL) last posted its quarterly earnings results on Tuesday, April 29th. The basic materials company reported $1.50 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.50. Ecolab had a net margin of 13.42% and a return on equity of 22.50%. The business had revenue of $3.70 billion during the quarter, compared to the consensus estimate of $3.71 billion. During the same period in the previous year, the firm posted $1.34 earnings per share. Ecolab’s revenue for the quarter was down 1.5% compared to the same quarter last year. Equities analysts anticipate that Ecolab Inc. will post 7.54 earnings per share for the current year.

Ecolab Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Tuesday, June 17th will be paid a dividend of $0.65 per share. The ex-dividend date is Tuesday, June 17th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 1.00%. Ecolab’s dividend payout ratio (DPR) is presently 35.33%.

Analysts Set New Price Targets

A number of brokerages have issued reports on ECL. Stifel Nicolaus cut their price objective on Ecolab from $307.00 to $303.00 and set a “buy” rating for the company in a report on Wednesday, April 30th. Wells Fargo & Company set a $260.00 price target on shares of Ecolab and gave the company an “equal weight” rating in a report on Tuesday. BMO Capital Markets boosted their price target on shares of Ecolab from $295.00 to $305.00 and gave the company an “outperform” rating in a research report on Monday, March 3rd. Barclays dropped their price objective on shares of Ecolab from $300.00 to $275.00 and set an “overweight” rating for the company in a report on Thursday, April 17th. Finally, UBS Group boosted their target price on Ecolab from $257.00 to $280.00 and gave the stock a “neutral” rating in a report on Wednesday, February 12th. Five analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $283.13.

Insider Buying and Selling

In related news, SVP Jennifer J. Bradway sold 856 shares of Ecolab stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $267.37, for a total transaction of $228,868.72. Following the transaction, the senior vice president now owns 4,140 shares of the company’s stock, valued at $1,106,911.80. This trade represents a 17.13% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director David Maclennan acquired 500 shares of the firm’s stock in a transaction that occurred on Wednesday, May 7th. The shares were purchased at an average price of $251.75 per share, with a total value of $125,875.00. Following the acquisition, the director now owns 19,465 shares of the company’s stock, valued at approximately $4,900,313.75. This trade represents a 2.64% increase in their position. The disclosure for this purchase can be found here. 0.04% of the stock is owned by insiders.

Ecolab Profile

Ecolab Inc provides water, hygiene, and infection prevention solutions and services in the United States and internationally. The company operates through three segments: Global Industrial; Global Institutional & Specialty; and Global Healthcare & Life Sciences. The 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, refining, and petrochemical industries.