Newbridge Financial Services Group Inc. Acquires 79 Shares of Ecolab Inc. (NYSE:ECL)

Newbridge Financial Services Group Inc. boosted its holdings in Ecolab Inc. (NYSE:ECLFree Report) by 23.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 409 shares of the basic materials company’s stock after acquiring an additional 79 shares during the period. Newbridge Financial Services Group Inc.’s holdings in Ecolab were worth $81,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in ECL. Vanguard Group Inc. increased its position in Ecolab by 1.3% during the 4th quarter. Vanguard Group Inc. now owns 23,182,456 shares of the basic materials company’s stock worth $4,598,240,000 after buying an additional 305,039 shares during the period. Northern Trust Corp increased its position in shares of Ecolab by 4.7% in the third quarter. Northern Trust Corp now owns 2,774,960 shares of the basic materials company’s stock worth $470,078,000 after purchasing an additional 123,572 shares during the period. Brown Advisory Inc. raised its stake in Ecolab by 4.2% in the fourth quarter. Brown Advisory Inc. now owns 2,264,757 shares of the basic materials company’s stock valued at $449,215,000 after purchasing an additional 91,547 shares in the last quarter. Van ECK Associates Corp raised its stake in Ecolab by 9.1% in the fourth quarter. Van ECK Associates Corp now owns 1,855,130 shares of the basic materials company’s stock valued at $367,965,000 after purchasing an additional 155,151 shares in the last quarter. Finally, Norges Bank acquired a new position in Ecolab in the fourth quarter valued at about $365,420,000. Institutional investors own 74.91% of the company’s stock.

Insider Buying and Selling at Ecolab

In other Ecolab news, Director David Maclennan purchased 650 shares of the company’s stock in a transaction on Friday, May 3rd. The shares were purchased at an average cost of $227.37 per share, with a total value of $147,790.50. Following the completion of the purchase, the director now owns 17,111 shares in the company, valued at $3,890,528.07. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, Director David Maclennan bought 650 shares of the stock in a transaction dated Friday, May 3rd. The shares were bought at an average cost of $227.37 per share, with a total value of $147,790.50. Following the completion of the transaction, the director now directly owns 17,111 shares of the company’s stock, valued at $3,890,528.07. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Arthur J. Higgins sold 4,500 shares of the company’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $227.52, for a total value of $1,023,840.00. Following the transaction, the director now directly owns 25,548 shares in the company, valued at $5,812,680.96. The disclosure for this sale can be found here. Insiders own 0.50% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on ECL shares. Barclays raised Ecolab from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $225.00 to $260.00 in a research note on Wednesday, February 28th. Mizuho upgraded Ecolab from a “neutral” rating to a “buy” rating and lifted their target price for the company from $216.00 to $260.00 in a research report on Friday, April 12th. Wolfe Research initiated coverage on Ecolab in a research report on Friday, March 1st. They issued a “peer perform” rating on the stock. Citigroup lifted their target price on Ecolab from $256.00 to $257.00 and gave the company a “neutral” rating in a research report on Wednesday, May 1st. Finally, Stifel Nicolaus lifted their target price on Ecolab from $225.00 to $233.00 and gave the company a “hold” rating in a research report on Wednesday, May 1st. Eleven investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $239.56.

Read Our Latest Stock Report on Ecolab

Ecolab Trading Down 0.2 %

ECL stock traded down $0.47 during trading on Tuesday, hitting $242.73. The company had a trading volume of 199,559 shares, compared to its average volume of 1,147,246. Ecolab Inc. has a one year low of $156.72 and a one year high of $243.37. The company has a current ratio of 1.41, a quick ratio of 0.99 and a debt-to-equity ratio of 0.92. The business has a 50-day moving average of $229.88 and a 200-day moving average of $216.48. The stock has a market cap of $69.32 billion, a PE ratio of 45.03, a PEG ratio of 2.54 and a beta of 1.12.

Ecolab (NYSE:ECLGet Free Report) last issued its quarterly earnings results on Tuesday, April 30th. The basic materials company reported $1.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.33 by $0.01. Ecolab had a return on equity of 20.56% and a net margin of 10.01%. The firm had revenue of $3.75 billion for the quarter, compared to analyst estimates of $3.74 billion. During the same period in the previous year, the firm earned $0.88 earnings per share. The company’s revenue was up 5.0% compared to the same quarter last year. Research analysts predict that Ecolab Inc. will post 6.59 earnings per share for the current fiscal year.

Ecolab Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Tuesday, June 18th will be paid a $0.57 dividend. This represents a $2.28 annualized dividend and a yield of 0.94%. The ex-dividend date of this dividend is Tuesday, June 18th. Ecolab’s dividend payout ratio (DPR) is presently 42.22%.

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 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.

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Institutional Ownership by Quarter for Ecolab (NYSE:ECL)

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