Sawtooth Solutions LLC Grows Stock Position in Ecolab Inc. (NYSE:ECL)

Sawtooth Solutions LLC raised its stake in shares of Ecolab Inc. (NYSE:ECL) by 15.9% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 1,712 shares of the basic materials company’s stock after buying an additional 235 shares during the period. Sawtooth Solutions LLC’s holdings in Ecolab were worth $357,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. LPL Financial LLC raised its stake in shares of Ecolab by 7.1% during the 2nd quarter. LPL Financial LLC now owns 104,193 shares of the basic materials company’s stock valued at $21,460,000 after buying an additional 6,886 shares during the last quarter. Toronto Dominion Bank increased its stake in shares of Ecolab by 9.5% in the 3rd quarter. Toronto Dominion Bank now owns 155,520 shares of the basic materials company’s stock valued at $32,444,000 after purchasing an additional 13,549 shares in the last quarter. Azimuth Capital Management LLC increased its stake in shares of Ecolab by 4.7% in the 2nd quarter. Azimuth Capital Management LLC now owns 20,352 shares of the basic materials company’s stock valued at $4,192,000 after purchasing an additional 922 shares in the last quarter. Fulcrum Capital LLC increased its stake in shares of Ecolab by 4.4% in the 3rd quarter. Fulcrum Capital LLC now owns 24,009 shares of the basic materials company’s stock valued at $5,009,000 after purchasing an additional 1,021 shares in the last quarter. Finally, Worldquant Millennium Advisors LLC purchased a new position in shares of Ecolab in the 2nd quarter valued at about $14,865,000. Institutional investors and hedge funds own 73.61% of the company’s stock.

In other Ecolab news, EVP Machiel Duijser sold 1,452 shares of the company’s stock in a transaction on Monday, November 1st. The stock was sold at an average price of $222.75, for a total transaction of $323,433.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Victoria Reich sold 2,400 shares of the company’s stock in a transaction on Wednesday, November 10th. The stock was sold at an average price of $233.27, for a total value of $559,848.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 54,991 shares of company stock worth $12,823,269. Insiders own 1.05% of the company’s stock.

Shares of Ecolab stock opened at $216.03 on Friday. The stock has a market cap of $61.91 billion, a P/E ratio of 55.25, a P/E/G ratio of 2.93 and a beta of 1.01. The stock’s 50 day simple moving average is $229.59 and its 200-day simple moving average is $222.76. Ecolab Inc. has a 1-year low of $201.15 and a 1-year high of $238.93. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.72 and a quick ratio of 1.25.

Ecolab (NYSE:ECL) last issued its earnings results on Tuesday, October 26th. The basic materials company reported $1.38 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.30 by $0.08. The business had revenue of $3.32 billion for the quarter, compared to analysts’ expectations of $3.26 billion. Ecolab had a return on equity of 20.45% and a net margin of 9.08%. The business’s revenue for the quarter was up 10.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.15 EPS. As a group, research analysts expect that Ecolab Inc. will post 4.84 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 18th. Stockholders of record on Tuesday, December 14th will be issued a dividend of $0.51 per share. This is a boost from Ecolab’s previous quarterly dividend of $0.48. This represents a $2.04 annualized dividend and a dividend yield of 0.94%. The ex-dividend date is Monday, December 13th. Ecolab’s payout ratio is currently 52.17%.

Several brokerages recently weighed in on ECL. BMO Capital Markets lifted their price target on Ecolab from $223.00 to $246.00 and gave the company a “market perform” rating in a research note on Wednesday, October 27th. They noted that the move was a valuation call. Mizuho assumed coverage on Ecolab in a research note on Tuesday, October 12th. They issued a “neutral” rating and a $126.00 price target for the company. Zacks Investment Research upgraded Ecolab from a “hold” rating to a “buy” rating and set a $237.00 price objective for the company in a research note on Tuesday. Evercore ISI assumed coverage on Ecolab in a research note on Thursday, December 2nd. They set a $235.00 price objective for the company. Finally, JPMorgan Chase & Co. lowered Ecolab from a “neutral” rating to an “underweight” rating and set a $230.00 price objective for the company. in a research note on Wednesday, October 27th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $227.30.

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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Institutional Ownership by Quarter for Ecolab (NYSE:ECL)

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