Ecolab Inc. (NYSE:ECL) Shares Sold by Sciencast Management LP

Sciencast Management LP decreased its position in Ecolab Inc. (NYSE:ECL) by 15.3% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 2,168 shares of the basic materials company’s stock after selling 392 shares during the period. Sciencast Management LP’s holdings in Ecolab were worth $439,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the company. First Manhattan Co. lifted its holdings in shares of Ecolab by 0.9% in the first quarter. First Manhattan Co. now owns 6,042 shares of the basic materials company’s stock valued at $941,000 after buying an additional 53 shares during the period. Valtinson Bruner Financial Planning LLC raised its position in Ecolab by 0.9% in the first quarter. Valtinson Bruner Financial Planning LLC now owns 6,412 shares of the basic materials company’s stock worth $1,228,000 after acquiring an additional 60 shares in the last quarter. Cannell Peter B & Co. Inc. lifted its holdings in Ecolab by 0.5% in the 1st quarter. Cannell Peter B & Co. Inc. now owns 13,325 shares of the basic materials company’s stock valued at $2,076,000 after acquiring an additional 60 shares during the last quarter. Tarbox Family Office Inc. boosted its position in shares of Ecolab by 37.0% during the 2nd quarter. Tarbox Family Office Inc. now owns 222 shares of the basic materials company’s stock valued at $44,000 after purchasing an additional 60 shares in the last quarter. Finally, OLD National Bancorp IN boosted its position in shares of Ecolab by 1.5% during the 2nd quarter. OLD National Bancorp IN now owns 4,195 shares of the basic materials company’s stock valued at $835,000 after purchasing an additional 60 shares in the last quarter. Institutional investors and hedge funds own 74.14% of the company’s stock.

Shares of NYSE ECL opened at $187.08 on Friday. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.60 and a quick ratio of 1.15. Ecolab Inc. has a one year low of $124.60 and a one year high of $231.36. The business’s 50-day moving average price is $202.22 and its two-hundred day moving average price is $192.99. The company has a market capitalization of $54.10 billion, a P/E ratio of 36.33, a price-to-earnings-growth ratio of 4.19 and a beta of 1.00.

Ecolab (NYSE:ECL) last announced its quarterly earnings results on Tuesday, July 28th. The basic materials company reported $0.65 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.85 by ($0.20). Ecolab had a negative net margin of 6.17% and a positive return on equity of 18.80%. The firm had revenue of $2.69 billion for the quarter, compared to analyst estimates of $2.58 billion. During the same quarter in the prior year, the firm earned $1.42 earnings per share. The firm’s quarterly revenue was down 28.6% compared to the same quarter last year. On average, equities analysts anticipate that Ecolab Inc. will post 4.26 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 16th were given a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 1.00%. The ex-dividend date was Monday, June 15th. Ecolab’s dividend payout ratio is 32.30%.

In other Ecolab news, EVP Timothy P. Mulhere sold 7,388 shares of the firm’s stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $196.35, for a total transaction of $1,450,633.80. Following the transaction, the executive vice president now directly owns 24,160 shares in the company, valued at $4,743,816. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Arthur J. Higgins sold 3,800 shares of the business’s stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $212.28, for a total value of $806,664.00. Following the completion of the sale, the director now directly owns 23,304 shares of the company’s stock, valued at approximately $4,946,973.12. The disclosure for this sale can be found here. Insiders sold 49,023 shares of company stock valued at $10,095,797 over the last three months. Insiders own 1.22% of the company’s stock.

Several research firms recently commented on ECL. UBS Group increased their target price on shares of Ecolab from $165.00 to $200.00 and gave the company a “neutral” rating in a research note on Wednesday, April 29th. Gabelli downgraded Ecolab from a “buy” rating to a “hold” rating in a research report on Wednesday, June 3rd. G.Research lowered Ecolab from a “buy” rating to a “hold” rating in a research note on Wednesday, June 3rd. Citigroup cut their target price on Ecolab from $185.00 to $164.00 and set a “neutral” rating on the stock in a research report on Thursday, April 9th. Finally, BMO Capital Markets increased their price target on Ecolab from $171.00 to $177.00 and gave the company a “market perform” rating in a research report on Wednesday, April 29th. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have given a buy rating to the stock. Ecolab has an average rating of “Hold” and an average target price of $190.43.

About Ecolab

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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