Ecolab Inc. (NYSE:ECL) Shares Sold by Pictet Asset Management Ltd.

Pictet Asset Management Ltd. reduced its position in shares of Ecolab Inc. (NYSE:ECL) by 3.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,833,668 shares of the basic materials company’s stock after selling 92,634 shares during the period. Ecolab accounts for about 1.2% of Pictet Asset Management Ltd.’s holdings, making the stock its 6th biggest holding. Pictet Asset Management Ltd. owned approximately 0.98% of Ecolab worth $559,479,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Greenleaf Trust increased its position in Ecolab by 2.6% during the second quarter. Greenleaf Trust now owns 3,674 shares of the basic materials company’s stock worth $725,000 after purchasing an additional 92 shares during the last quarter. Princeton Global Asset Management LLC increased its position in Ecolab by 7.9% during the first quarter. Princeton Global Asset Management LLC now owns 3,675 shares of the basic materials company’s stock worth $648,000 after purchasing an additional 270 shares during the last quarter. Bridges Investment Management Inc. increased its position in Ecolab by 0.7% during the second quarter. Bridges Investment Management Inc. now owns 49,645 shares of the basic materials company’s stock worth $9,803,000 after purchasing an additional 325 shares during the last quarter. Neuberger Berman Group LLC increased its position in Ecolab by 0.8% during the first quarter. Neuberger Berman Group LLC now owns 255,687 shares of the basic materials company’s stock worth $45,139,000 after purchasing an additional 2,065 shares during the last quarter. Finally, Candriam Luxembourg S.C.A. increased its position in Ecolab by 20.6% during the second quarter. Candriam Luxembourg S.C.A. now owns 27,503 shares of the basic materials company’s stock worth $7,971,000 after purchasing an additional 4,701 shares during the last quarter. Hedge funds and other institutional investors own 75.95% of the company’s stock.

ECL stock traded up $0.02 during mid-day trading on Monday, hitting $196.08. 193,213 shares of the company were exchanged, compared to its average volume of 1,098,988. The company has a quick ratio of 0.78, a current ratio of 1.18 and a debt-to-equity ratio of 0.72. The firm has a market capitalization of $56.54 billion, a P/E ratio of 37.35, a PEG ratio of 2.67 and a beta of 0.82. The business has a fifty day simple moving average of $202.71 and a 200-day simple moving average of $190.32. Ecolab Inc. has a 12-month low of $135.77 and a 12-month high of $209.87.



Ecolab (NYSE:ECL) last announced its earnings results on Tuesday, July 30th. The basic materials company reported $1.42 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.41 by $0.01. The company had revenue of $3.76 billion during the quarter, compared to analyst estimates of $3.79 billion. Ecolab had a net margin of 10.12% and a return on equity of 19.81%. Ecolab’s revenue was up 1.9% compared to the same quarter last year. During the same quarter last year, the firm posted $1.27 earnings per share. Research analysts predict that Ecolab Inc. will post 5.91 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Tuesday, September 17th will be paid a $0.46 dividend. This represents a $1.84 annualized dividend and a dividend yield of 0.94%. The ex-dividend date of this dividend is Monday, September 16th. Ecolab’s payout ratio is 35.05%.

In other news, EVP Alex N. Blanco sold 51,400 shares of the firm’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $203.07, for a total value of $10,437,798.00. Following the completion of the transaction, the executive vice president now owns 59,425 shares of the company’s stock, valued at $12,067,434.75. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Darrell R. Brown sold 2,280 shares of the firm’s stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $207.95, for a total transaction of $474,126.00. Following the completion of the transaction, the executive vice president now directly owns 8,061 shares of the company’s stock, valued at approximately $1,676,284.95. The disclosure for this sale can be found here. In the last three months, insiders sold 66,358 shares of company stock valued at $13,423,309. Insiders own 1.52% of the company’s stock.

ECL has been the subject of several recent analyst reports. Citigroup raised their price objective on shares of Ecolab from $190.00 to $206.00 and gave the stock a “neutral” rating in a research report on Friday, August 2nd. Nomura increased their target price on shares of Ecolab from $208.00 to $210.00 and gave the stock a “buy” rating in a research note on Wednesday, August 7th. Credit Suisse Group set a $181.00 target price on shares of Ecolab and gave the stock a “neutral” rating in a research note on Wednesday, July 31st. BMO Capital Markets increased their target price on shares of Ecolab from $180.00 to $208.00 and gave the stock a “market perform” rating in a research note on Monday, August 5th. Finally, UBS Group set a $202.00 target price on shares of Ecolab and gave the stock a “hold” rating in a research note on Wednesday, July 31st. Twelve equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $192.00.

Ecolab Company Profile

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.

Featured Article: What is Put Option Volume?

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).

Institutional Ownership by Quarter for Ecolab (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.