Segment Wealth Management LLC Acquires 400 Shares of Ecolab Inc. (NYSE:ECL)

Segment Wealth Management LLC raised its holdings in Ecolab Inc. (NYSE:ECL) by 26.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,895 shares of the basic materials company’s stock after buying an additional 400 shares during the period. Segment Wealth Management LLC’s holdings in Ecolab were worth $375,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. 180 Wealth Advisors LLC lifted its position in shares of Ecolab by 10.1% during the third quarter. 180 Wealth Advisors LLC now owns 1,847 shares of the basic materials company’s stock valued at $360,000 after purchasing an additional 170 shares in the last quarter. CWM LLC lifted its position in shares of Ecolab by 29.3% during the third quarter. CWM LLC now owns 5,710 shares of the basic materials company’s stock valued at $1,131,000 after purchasing an additional 1,294 shares in the last quarter. Private Vista LLC increased its holdings in Ecolab by 10.4% during the third quarter. Private Vista LLC now owns 2,125 shares of the basic materials company’s stock worth $421,000 after buying an additional 200 shares during the last quarter. Moors & Cabot Inc. increased its holdings in Ecolab by 18.3% during the third quarter. Moors & Cabot Inc. now owns 2,574 shares of the basic materials company’s stock worth $508,000 after buying an additional 398 shares during the last quarter. Finally, Lincoln Capital LLC increased its holdings in Ecolab by 25.1% during the third quarter. Lincoln Capital LLC now owns 10,405 shares of the basic materials company’s stock worth $2,061,000 after buying an additional 2,086 shares during the last quarter. 75.95% of the stock is currently owned by hedge funds and other institutional investors.

A number of analysts recently issued reports on the stock. UBS Group set a $202.00 price objective on shares of Ecolab and gave the stock a “hold” rating in a report on Wednesday, July 31st. BMO Capital Markets raised their price objective on shares of Ecolab from $180.00 to $208.00 and gave the stock a “market perform” rating in a report on Monday, August 5th. Canaccord Genuity raised their price objective on shares of Ecolab from $198.00 to $222.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. Morgan Stanley raised their price objective on shares of Ecolab from $140.00 to $205.00 and gave the stock an “equal weight” rating in a report on Monday, August 12th. Finally, Citigroup raised their price objective on shares of Ecolab from $190.00 to $206.00 and gave the stock a “neutral” rating in a report on Friday, August 2nd. Thirteen equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $193.14.

Shares of ECL traded up $2.38 during trading hours on Thursday, hitting $190.73. The company’s stock had a trading volume of 31,461 shares, compared to its average volume of 882,672. The company has a market cap of $54.21 billion, a price-to-earnings ratio of 36.39, a PEG ratio of 2.56 and a beta of 0.81. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.18 and a quick ratio of 0.78. The business has a 50 day simple moving average of $196.42 and a two-hundred day simple moving average of $193.70. Ecolab Inc. has a 52-week low of $135.77 and a 52-week high of $209.87.

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

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Tuesday, September 17th were paid a $0.46 dividend. The ex-dividend date was Monday, September 16th. This represents a $1.84 annualized dividend and a dividend yield of 0.96%. Ecolab’s payout ratio is 35.05%.

In other news, EVP Darrell R. Brown sold 2,280 shares of Ecolab stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $207.95, for a total value of $474,126.00. Following the completion of the transaction, the executive vice president now owns 8,061 shares in the company, valued at $1,676,284.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Darrell R. Brown sold 12,678 shares of Ecolab stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $198.09, for a total transaction of $2,511,385.02. Following the completion of the transaction, the executive vice president now owns 21,061 shares of the company’s stock, valued at approximately $4,171,973.49. The disclosure for this sale can be found here. Insiders sold 66,358 shares of company stock valued at $13,423,309 in the last quarter. Corporate insiders own 1.52% of the company’s stock.

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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