Fluent Financial LLC Has $1.28 Million Stake in Ecolab Inc. (ECL)

Fluent Financial LLC reduced its position in shares of Ecolab Inc. (NYSE:ECL) by 48.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,189 shares of the basic materials company’s stock after selling 7,805 shares during the period. Fluent Financial LLC’s holdings in Ecolab were worth $1,284,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of ECL. Cubist Systematic Strategies LLC boosted its holdings in shares of Ecolab by 107.5% during the first quarter. Cubist Systematic Strategies LLC now owns 2,687 shares of the basic materials company’s stock worth $368,000 after purchasing an additional 1,392 shares during the period. Millennium Management LLC boosted its holdings in shares of Ecolab by 379.9% during the first quarter. Millennium Management LLC now owns 96,492 shares of the basic materials company’s stock worth $13,226,000 after purchasing an additional 76,387 shares during the period. Principal Financial Group Inc. boosted its holdings in shares of Ecolab by 3.5% during the first quarter. Principal Financial Group Inc. now owns 1,368,074 shares of the basic materials company’s stock worth $187,522,000 after purchasing an additional 45,993 shares during the period. Gulf International Bank UK Ltd boosted its holdings in shares of Ecolab by 6.1% during the second quarter. Gulf International Bank UK Ltd now owns 84,848 shares of the basic materials company’s stock worth $11,906,000 after purchasing an additional 4,900 shares during the period. Finally, Bath Savings Trust Co boosted its holdings in shares of Ecolab by 0.4% during the second quarter. Bath Savings Trust Co now owns 101,265 shares of the basic materials company’s stock worth $14,211,000 after purchasing an additional 440 shares during the period. Institutional investors own 76.15% of the company’s stock.

In related news, EVP Michael A. Hickey sold 32,468 shares of the stock in a transaction dated Thursday, September 13th. The shares were sold at an average price of $155.80, for a total value of $5,058,514.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Larry L. Berger sold 9,317 shares of the stock in a transaction dated Monday, September 10th. The stock was sold at an average price of $153.65, for a total transaction of $1,431,557.05. Following the completion of the transaction, the executive vice president now directly owns 31,093 shares of the company’s stock, valued at $4,777,439.45. The disclosure for this sale can be found here. Over the last three months, insiders sold 114,885 shares of company stock valued at $17,369,786. 1.50% of the stock is owned by insiders.



ECL has been the subject of a number of analyst reports. UBS Group increased their target price on shares of Ecolab from $165.00 to $180.00 and gave the stock a “buy” rating in a report on Tuesday, October 2nd. JPMorgan Chase & Co. upgraded shares of Ecolab from an “underweight” rating to a “neutral” rating in a report on Wednesday, August 1st. ValuEngine upgraded shares of Ecolab from a “hold” rating to a “buy” rating in a report on Friday, September 7th. Nomura dropped their target price on shares of Ecolab from $153.00 to $150.00 and set a “neutral” rating for the company in a report on Tuesday, October 16th. Finally, Credit Suisse Group increased their target price on shares of Ecolab from $140.00 to $142.00 and gave the stock a “neutral” rating in a report on Wednesday, August 1st. Eight investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $150.81.

ECL stock traded down $0.78 during trading on Monday, reaching $146.56. The company had a trading volume of 2,282,600 shares, compared to its average volume of 1,200,162. Ecolab Inc. has a 52 week low of $125.74 and a 52 week high of $159.92. The company has a market cap of $42.57 billion, a P/E ratio of 31.25, a PEG ratio of 2.15 and a beta of 0.95. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.27 and a quick ratio of 0.84.

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

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

Ecolab Company Profile

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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