Baxter Bros Inc. trimmed its holdings in Ecolab Inc. (NYSE:ECL) by 10.0% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,700 shares of the basic materials company’s stock after selling 300 shares during the period. Baxter Bros Inc.’s holdings in Ecolab were worth $556,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Solstein Capital LLC bought a new stake in shares of Ecolab in the 1st quarter valued at approximately $28,000. Concord Wealth Partners grew its stake in Ecolab by 71.4% during the 1st quarter. Concord Wealth Partners now owns 156 shares of the basic materials company’s stock worth $33,000 after buying an additional 65 shares during the last quarter. Kistler Tiffany Companies LLC grew its stake in Ecolab by 89.5% during the 1st quarter. Kistler Tiffany Companies LLC now owns 180 shares of the basic materials company’s stock worth $39,000 after buying an additional 85 shares during the last quarter. Newfound Research LLC bought a new position in Ecolab during the 2nd quarter worth $41,000. Finally, Regency Capital Management Inc. DE bought a new position in Ecolab during the 1st quarter worth $43,000. Institutional investors and hedge funds own 72.29% of the company’s stock.
In other Ecolab news, Chairman Douglas M. Baker, Jr. sold 173,036 shares of the firm’s stock in a transaction that occurred on Tuesday, September 14th. The stock was sold at an average price of $223.54, for a total value of $38,680,467.44. Following the completion of the sale, the chairman now owns 796,963 shares in the company, valued at approximately $178,153,109.02. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Laurie M. Marsh sold 11,536 shares of the stock in a transaction that occurred on Friday, August 27th. The stock was sold at an average price of $225.03, for a total value of $2,595,946.08. Following the completion of the transaction, the executive vice president now directly owns 26,193 shares of the company’s stock, valued at $5,894,210.79. The disclosure for this sale can be found here. In the last three months, insiders have sold 217,496 shares of company stock worth $48,541,441. 1.05% of the stock is currently owned by insiders.
ECL stock traded down $3.00 during mid-day trading on Monday, hitting $215.34. The stock had a trading volume of 10,079 shares, compared to its average volume of 998,906. The company has a current ratio of 1.91, a quick ratio of 1.41 and a debt-to-equity ratio of 1.00. Ecolab Inc. has a 1-year low of $181.25 and a 1-year high of $231.25. The company has a fifty day moving average of $220.65 and a 200 day moving average of $217.33. The stock has a market capitalization of $61.61 billion, a price-to-earnings ratio of 59.98, a PEG ratio of 3.54 and a beta of 1.00.
Ecolab (NYSE:ECL) last issued its earnings results on Tuesday, July 27th. The basic materials company reported $1.22 earnings per share for the quarter, topping the consensus estimate of $1.18 by $0.04. Ecolab had a return on equity of 20.14% and a net margin of 8.66%. The company had revenue of $3.16 billion for the quarter, compared to analyst estimates of $3.11 billion. During the same period in the prior year, the firm posted $0.65 EPS. The business’s revenue was up 17.8% compared to the same quarter last year. As a group, sell-side analysts expect that Ecolab Inc. will post 5.04 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 15th. Stockholders of record on Tuesday, September 14th will be issued a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 0.89%. The ex-dividend date of this dividend is Monday, September 13th. Ecolab’s dividend payout ratio is 47.76%.
Ecolab Company Profile
Ecolab, Inc engages in the provision of products and services in the field of water, hygiene, and energy. It operates through the following segments: Global Industrial, Global Institutional & Specialty, Global Energy & Life Science, and Other. The Global Industrial segment consists of the water, food and beverage, paper, and downstream operating segments.
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