Gyroscope Capital Management Group LLC Has $463,000 Position in Ecolab Inc. (NYSE:ECL)

Gyroscope Capital Management Group LLC increased its stake in shares of Ecolab Inc. (NYSE:ECL) by 15.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,403 shares of the basic materials company’s stock after buying an additional 315 shares during the quarter. Gyroscope Capital Management Group LLC’s holdings in Ecolab were worth $463,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Morgan Stanley boosted its holdings in shares of Ecolab by 251.6% in the 2nd quarter. Morgan Stanley now owns 7,383,606 shares of the basic materials company’s stock valued at $1,457,819,000 after purchasing an additional 5,283,861 shares in the last quarter. Nuveen Asset Management LLC boosted its holdings in shares of Ecolab by 6,924.5% in the 2nd quarter. Nuveen Asset Management LLC now owns 1,475,074 shares of the basic materials company’s stock valued at $291,239,000 after purchasing an additional 1,454,075 shares in the last quarter. Thoroughbred Financial Services LLC boosted its holdings in shares of Ecolab by 20,154.4% in the 2nd quarter. Thoroughbred Financial Services LLC now owns 587,581 shares of the basic materials company’s stock valued at $58,758,000 after purchasing an additional 584,680 shares in the last quarter. BlackRock Inc. boosted its holdings in shares of Ecolab by 3.4% in the 2nd quarter. BlackRock Inc. now owns 17,657,493 shares of the basic materials company’s stock valued at $3,486,296,000 after purchasing an additional 578,662 shares in the last quarter. Finally, Vanguard Group Inc. boosted its holdings in shares of Ecolab by 1.9% in the 2nd quarter. Vanguard Group Inc. now owns 22,709,178 shares of the basic materials company’s stock valued at $4,483,701,000 after purchasing an additional 419,611 shares in the last quarter. 75.94% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE ECL traded up $3.13 during mid-day trading on Friday, hitting $196.33. 399,862 shares of the stock traded hands, compared to its average volume of 1,003,190. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.18 and a quick ratio of 0.78. Ecolab Inc. has a twelve month low of $135.77 and a twelve month high of $209.87. The company has a market cap of $54.57 billion, a PE ratio of 37.40, a price-to-earnings-growth ratio of 2.58 and a beta of 0.81. The firm has a 50 day simple moving average of $199.41 and a two-hundred day simple moving average of $192.61.



Ecolab (NYSE:ECL) last released its quarterly earnings data on Tuesday, July 30th. The basic materials company reported $1.42 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.41 by $0.01. Ecolab had a return on equity of 19.81% and a net margin of 10.12%. The company had revenue of $3.76 billion for the quarter, compared to the consensus estimate of $3.79 billion. During the same quarter last year, the business posted $1.27 EPS. Ecolab’s revenue for the quarter was up 1.9% on a year-over-year basis. On average, equities research analysts anticipate that Ecolab Inc. will post 5.91 earnings per share for the current fiscal year.

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

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

A number of brokerages have weighed in on ECL. Nomura raised their target price on Ecolab from $208.00 to $210.00 and gave the company a “buy” rating in a report on Wednesday, August 7th. UBS Group set a $202.00 target price on Ecolab and gave the company a “hold” rating in a report on Wednesday, July 31st. Canaccord Genuity raised their target price on Ecolab from $198.00 to $222.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Morgan Stanley raised their target price on Ecolab from $140.00 to $205.00 and gave the company an “equal weight” rating in a report on Monday, August 12th. Finally, ValuEngine downgraded Ecolab from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Thirteen research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $193.14.

Ecolab 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.

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Institutional Ownership by Quarter for Ecolab (NYSE:ECL)

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