Ecolab Inc. (ECL) Stake Lowered by YHB Investment Advisors Inc.

YHB Investment Advisors Inc. cut its position in shares of Ecolab Inc. (NYSE:ECL) by 3.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 104,105 shares of the basic materials company’s stock after selling 3,490 shares during the quarter. Ecolab makes up about 2.5% of YHB Investment Advisors Inc.’s investment portfolio, making the stock its 6th largest position. YHB Investment Advisors Inc.’s holdings in Ecolab were worth $16,322,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in ECL. Braun Bostich & Associates Inc. boosted its holdings in Ecolab by 487.7% during the 2nd quarter. Braun Bostich & Associates Inc. now owns 858 shares of the basic materials company’s stock valued at $120,000 after acquiring an additional 712 shares during the period. Squar Milner Financial Services LLC purchased a new stake in Ecolab during the 2nd quarter valued at about $126,000. Flagship Harbor Advisors LLC purchased a new stake in Ecolab in the 2nd quarter worth approximately $139,000. LeJeune Puetz Investment Counsel LLC purchased a new stake in Ecolab in the 2nd quarter worth approximately $154,000. Finally, Harfst & Associates Inc. purchased a new stake in Ecolab in the 2nd quarter worth approximately $201,000. Hedge funds and other institutional investors own 76.15% of the company’s stock.

In other news, Director Arthur J. Higgins sold 8,700 shares of the stock in a transaction that occurred on Monday, August 27th. The stock was sold at an average price of $149.76, for a total value of $1,302,912.00. Following the completion of the transaction, the director now owns 21,363 shares of the company’s stock, valued at approximately $3,199,322.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Roberto Inchaustegui sold 10,600 shares of the stock in a transaction that occurred on Thursday, August 2nd. The stock was sold at an average price of $145.71, for a total value of $1,544,526.00. Following the completion of the transaction, the executive vice president now directly owns 33,202 shares of the company’s stock, valued at approximately $4,837,863.42. The disclosure for this sale can be found here. Insiders sold a total of 114,885 shares of company stock valued at $17,369,786 in the last three months. Corporate insiders own 1.50% of the company’s stock.



Several equities research analysts have weighed in on ECL shares. Zacks Investment Research cut Ecolab from a “hold” rating to a “sell” rating in a report on Tuesday, July 24th. Canaccord Genuity set a $160.00 price objective on Ecolab and gave the stock a “buy” rating in a report on Tuesday, July 24th. Boenning Scattergood reiterated a “buy” rating on shares of Ecolab in a report on Tuesday, July 31st. Nomura reiterated a “hold” rating and issued a $146.00 price objective on shares of Ecolab in a report on Wednesday, August 1st. Finally, JPMorgan Chase & Co. upgraded Ecolab from an “underweight” rating to a “neutral” rating in a report on Wednesday, August 1st. Eight investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Ecolab has an average rating of “Buy” and an average price target of $150.81.

Shares of NYSE:ECL traded down $0.78 during trading on Monday, hitting $146.56. The stock had a trading volume of 2,279,743 shares, compared to its average volume of 1,227,963. Ecolab Inc. has a 12 month low of $125.74 and a 12 month high of $159.92. The firm has a market capitalization of $42.57 billion, a P/E ratio of 31.25, a P/E/G ratio of 2.15 and a beta of 0.95. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.84 and a current ratio of 1.27.

Ecolab (NYSE:ECL) last announced its earnings results on Tuesday, July 31st. The basic materials company reported $1.27 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.27. Ecolab had a return on equity of 18.96% and a net margin of 10.83%. The firm had revenue of $3.69 billion during the quarter, compared to analyst estimates of $3.69 billion. During the same quarter in the prior year, the company earned $1.13 EPS. The business’s revenue was up 6.6% compared to the same quarter last year. On average, equities analysts forecast that Ecolab Inc. will post 5.36 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Monday, October 15th. Stockholders of record on Tuesday, September 18th were given a $0.41 dividend. This represents a $1.64 annualized dividend and a dividend yield of 1.12%. The ex-dividend date of this dividend was Monday, September 17th. Ecolab’s dividend payout ratio is currently 34.97%.

About Ecolab

Ecolab Inc provides water, hygiene, and energy technologies and services for customers worldwide. The company operates through Global Industrial, Global Institutional, and Global Energy segments. The Global Industrial segment provides water treatment and process applications, and cleaning and sanitizing solutions primarily to large industrial customers within the manufacturing, food and beverage processing, chemical, mining and primary metals, power generation, pulp and paper, and commercial laundry industries.

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Institutional Ownership by Quarter for Ecolab (NYSE:ECL)

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