Ecolab Inc. (NYSE:ECL) Shares Bought by Sigma Planning Corp

Sigma Planning Corp increased its position in Ecolab Inc. (NYSE:ECLFree Report) by 7.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,256 shares of the basic materials company’s stock after buying an additional 527 shares during the period. Sigma Planning Corp’s holdings in Ecolab were worth $1,229,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the company. United Bank grew its stake in Ecolab by 2.7% during the first quarter. United Bank now owns 4,149 shares of the basic materials company’s stock worth $733,000 after buying an additional 111 shares during the period. Cibc World Market Inc. boosted its stake in Ecolab by 7.6% during the 1st quarter. Cibc World Market Inc. now owns 6,172 shares of the basic materials company’s stock valued at $1,090,000 after acquiring an additional 434 shares during the last quarter. Sequoia Financial Advisors LLC boosted its stake in Ecolab by 23.0% during the 1st quarter. Sequoia Financial Advisors LLC now owns 1,893 shares of the basic materials company’s stock valued at $334,000 after acquiring an additional 354 shares during the last quarter. Brighton Jones LLC boosted its stake in Ecolab by 6.7% during the 1st quarter. Brighton Jones LLC now owns 1,707 shares of the basic materials company’s stock valued at $301,000 after acquiring an additional 107 shares during the last quarter. Finally, Candriam Luxembourg S.C.A. boosted its stake in Ecolab by 17.1% during the 1st quarter. Candriam Luxembourg S.C.A. now owns 73,182 shares of the basic materials company’s stock valued at $12,920,000 after acquiring an additional 10,676 shares during the last quarter. Institutional investors and hedge funds own 73.91% of the company’s stock.

Ecolab Price Performance

Shares of Ecolab stock opened at $200.74 on Wednesday. Ecolab Inc. has a 1-year low of $143.91 and a 1-year high of $202.48. The firm has a fifty day simple moving average of $195.63 and a 200-day simple moving average of $183.43. The stock has a market capitalization of $57.24 billion, a price-to-earnings ratio of 46.58, a PEG ratio of 2.50 and a beta of 1.08. The company has a current ratio of 1.26, a quick ratio of 0.92 and a debt-to-equity ratio of 0.96.

Ecolab (NYSE:ECLGet Free Report) last announced its earnings results on Tuesday, October 31st. The basic materials company reported $1.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.52 by $0.02. Ecolab had a net margin of 8.18% and a return on equity of 18.81%. The business had revenue of $3.96 billion for the quarter, compared to analyst estimates of $3.99 billion. On average, sell-side analysts expect that Ecolab Inc. will post 5.19 earnings per share for the current year.

Ecolab Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, January 16th. Investors of record on Tuesday, December 19th were given a dividend of $0.57 per share. The ex-dividend date of this dividend was Monday, December 18th. This represents a $2.28 dividend on an annualized basis and a yield of 1.14%. This is a positive change from Ecolab’s previous quarterly dividend of $0.53. Ecolab’s payout ratio is 52.90%.

Insider Buying and Selling

In related news, EVP Nicholas J. Alfano sold 6,000 shares of the business’s stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $189.63, for a total transaction of $1,137,780.00. Following the transaction, the executive vice president now owns 9,717 shares of the company’s stock, valued at $1,842,634.71. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Ecolab news, EVP Nicholas J. Alfano sold 6,000 shares of the business’s stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $189.63, for a total value of $1,137,780.00. Following the sale, the executive vice president now owns 9,717 shares of the company’s stock, valued at approximately $1,842,634.71. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Laurie M. Marsh sold 11,917 shares of the business’s stock in a transaction on Monday, December 4th. The shares were sold at an average price of $191.41, for a total transaction of $2,281,032.97. Following the completion of the sale, the executive vice president now directly owns 20,538 shares in the company, valued at approximately $3,931,178.58. The disclosure for this sale can be found here. 0.04% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research analysts have commented on the stock. Stifel Nicolaus increased their price objective on shares of Ecolab from $187.00 to $193.00 and gave the company a “hold” rating in a research note on Wednesday, November 1st. UBS Group lifted their price objective on shares of Ecolab from $211.00 to $227.00 and gave the company a “buy” rating in a research report on Thursday, January 11th. Royal Bank of Canada lifted their price objective on shares of Ecolab from $213.00 to $238.00 and gave the company an “outperform” rating in a research report on Thursday, January 18th. Seaport Res Ptn downgraded shares of Ecolab from a “buy” rating to a “neutral” rating in a research report on Monday, January 8th. Finally, StockNews.com upgraded shares of Ecolab from a “hold” rating to a “buy” rating in a research report on Tuesday, November 7th. Eleven analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $201.38.

Read Our Latest Report on ECL

Ecolab Profile

(Free Report)

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

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Institutional Ownership by Quarter for Ecolab (NYSE:ECL)

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