NBT Bank N A NY trimmed its position in Ecolab Inc. (NYSE:ECL) by 1.3% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,325 shares of the basic materials company’s stock after selling 149 shares during the period. NBT Bank N A NY’s holdings in Ecolab were worth $1,999,000 at the end of the most recent reporting period.
A number of other large investors have also recently added to or reduced their stakes in ECL. Harfst & Associates Inc. increased its stake in shares of Ecolab by 3.5% during the 1st quarter. Harfst & Associates Inc. now owns 1,638 shares of the basic materials company’s stock valued at $289,000 after acquiring an additional 55 shares during the last quarter. Sowell Financial Services LLC increased its position in Ecolab by 1.6% during the 4th quarter. Sowell Financial Services LLC now owns 3,824 shares of the basic materials company’s stock worth $564,000 after purchasing an additional 60 shares in the last quarter. Page Arthur B increased its position in Ecolab by 4.1% during the 1st quarter. Page Arthur B now owns 1,510 shares of the basic materials company’s stock worth $267,000 after purchasing an additional 60 shares in the last quarter. Cullen Frost Bankers Inc. increased its position in Ecolab by 1.2% during the 1st quarter. Cullen Frost Bankers Inc. now owns 5,021 shares of the basic materials company’s stock worth $886,000 after purchasing an additional 60 shares in the last quarter. Finally, Rothschild Investment Corp IL increased its position in Ecolab by 5.1% during the 4th quarter. Rothschild Investment Corp IL now owns 1,450 shares of the basic materials company’s stock worth $214,000 after purchasing an additional 70 shares in the last quarter. Institutional investors own 76.32% of the company’s stock.
In other news, EVP Roberto Inchaustegui sold 37,200 shares of the stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $169.08, for a total transaction of $6,289,776.00. Following the completion of the transaction, the executive vice president now directly owns 41,232 shares in the company, valued at approximately $6,971,506.56. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Bruno Lavandier sold 2,969 shares of the stock in a transaction that occurred on Thursday, May 2nd. The shares were sold at an average price of $183.27, for a total value of $544,128.63. Following the transaction, the senior vice president now owns 7,732 shares of the company’s stock, valued at $1,417,043.64. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 335,758 shares of company stock valued at $57,738,346. Company insiders own 1.52% of the company’s stock.
Shares of NYSE:ECL opened at $178.81 on Tuesday. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.14 and a quick ratio of 0.75. Ecolab Inc. has a 52-week low of $135.77 and a 52-week high of $186.34. The company has a market capitalization of $52.10 billion, a price-to-earnings ratio of 34.06, a PEG ratio of 2.46 and a beta of 0.89.
Ecolab (NYSE:ECL) last issued its quarterly earnings data on Tuesday, April 30th. The basic materials company reported $1.03 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.02 by $0.01. Ecolab had a net margin of 10.06% and a return on equity of 19.50%. The company had revenue of $3.51 billion during the quarter, compared to the consensus estimate of $3.57 billion. During the same quarter last year, the company earned $0.91 earnings per share. Ecolab’s revenue for the quarter was up 1.0% on a year-over-year basis. On average, analysts anticipate that Ecolab Inc. will post 5.91 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Tuesday, June 18th will be paid a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a dividend yield of 1.03%. The ex-dividend date of this dividend is Monday, June 17th. Ecolab’s dividend payout ratio (DPR) is currently 35.05%.
ILLEGAL ACTIVITY WARNING: “NBT Bank N A NY Sells 149 Shares of Ecolab Inc. (ECL)” was first posted by Dakota Financial News and is the property of of Dakota Financial News. If you are reading this story on another domain, it was illegally stolen and reposted in violation of United States and international copyright legislation. The correct version of this story can be accessed at https://dakotafinancialnews.com/2019/05/14/nbt-bank-n-a-ny-sells-149-shares-of-ecolab-inc-ecl.html.
Ecolab Inc provides water, hygiene, and energy technologies and services worldwide. The company operates through Global Industrial, Global Institutional, Global Energy, and Other segments. The Global Industrial segment offers water treatment and process applications, and cleaning and sanitizing solutions primarily to industrial customers within the manufacturing, food and beverage processing, transportation, chemical, primary metals and mining, power generation, pulp and paper, pharmaceutical, and commercial laundry.
Want to see what other hedge funds are holding ECL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ecolab Inc. (NYSE:ECL).
Receive News & Ratings for Ecolab Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ecolab and related companies with MarketBeat.com's FREE daily email newsletter.