Integrated Wealth Concepts LLC boosted its position in Ecolab Inc. (NYSE:ECL – Free Report) by 40.3% during the 1st quarter, Holdings Channel.com reports. The fund owned 4,104 shares of the basic materials company’s stock after buying an additional 1,178 shares during the quarter. Integrated Wealth Concepts LLC’s holdings in Ecolab were worth $1,041,000 at the end of the most recent quarter.
Other hedge funds have also added to or reduced their stakes in the company. Saudi Central Bank bought a new position in Ecolab in the first quarter valued at about $25,000. Dunhill Financial LLC boosted its holdings in Ecolab by 176.7% in the first quarter. Dunhill Financial LLC now owns 119 shares of the basic materials company’s stock valued at $30,000 after acquiring an additional 76 shares during the last quarter. Ridgewood Investments LLC boosted its holdings in Ecolab by 70.6% in the first quarter. Ridgewood Investments LLC now owns 145 shares of the basic materials company’s stock valued at $37,000 after acquiring an additional 60 shares during the last quarter. Olde Wealth Management LLC bought a new position in Ecolab in the first quarter valued at about $38,000. Finally, City Holding Co. bought a new position in Ecolab in the first quarter valued at about $39,000. Institutional investors own 74.91% of the company’s stock.
Ecolab Trading Up 2.3%
NYSE ECL opened at $275.29 on Friday. The firm has a market cap of $78.08 billion, a P/E ratio of 36.75, a P/E/G ratio of 2.77 and a beta of 1.07. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.44 and a quick ratio of 1.12. The stock’s 50-day moving average is $272.60 and its 200-day moving average is $261.36. Ecolab Inc. has a one year low of $221.62 and a one year high of $286.04.
Ecolab Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Tuesday, September 16th will be issued a dividend of $0.65 per share. The ex-dividend date is Tuesday, September 16th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 0.9%. Ecolab’s dividend payout ratio (DPR) is presently 34.71%.
Wall Street Analyst Weigh In
Several research analysts have recently issued reports on the company. UBS Group raised their price target on Ecolab from $293.00 to $295.00 and gave the stock a “neutral” rating in a research report on Thursday, August 14th. Raymond James Financial started coverage on Ecolab in a research note on Tuesday, August 26th. They issued a “market perform” rating on the stock. Oppenheimer raised Ecolab to an “outperform” rating in a research note on Wednesday, July 30th. Robert W. Baird increased their target price on Ecolab from $300.00 to $306.00 and gave the company an “outperform” rating in a research note on Friday, September 5th. Finally, BMO Capital Markets increased their target price on Ecolab from $307.00 to $310.00 and gave the company an “outperform” rating in a research note on Monday. Three investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $292.00.
View Our Latest Stock Analysis on ECL
Insider Buying and Selling
In related news, Director Suzanne M. Vautrinot sold 1,354 shares of the stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $283.16, for a total transaction of $383,398.64. Following the completion of the transaction, the director directly owned 11,199 shares in the company, valued at approximately $3,171,108.84. This trade represents a 10.79% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Jennifer J. Bradway sold 807 shares of the stock in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $279.28, for a total value of $225,378.96. Following the transaction, the senior vice president owned 4,326 shares of the company’s stock, valued at approximately $1,208,165.28. The trade was a 15.72% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.04% of the stock is owned by corporate insiders.
Ecolab Company 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.
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