Williams Jones Wealth Management LLC. Lowers Holdings in Ecolab Inc. (NYSE:ECL)

Williams Jones Wealth Management LLC. decreased its position in Ecolab Inc. (NYSE:ECLGet Rating) by 0.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 889,354 shares of the basic materials company’s stock after selling 1,256 shares during the quarter. Ecolab accounts for approximately 2.6% of Williams Jones Wealth Management LLC.’s holdings, making the stock its 9th biggest holding. Williams Jones Wealth Management LLC.’s holdings in Ecolab were worth $208,634,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Arlington Partners LLC grew its holdings in shares of Ecolab by 13.0% in the 4th quarter. Arlington Partners LLC now owns 469 shares of the basic materials company’s stock worth $110,000 after purchasing an additional 54 shares during the last quarter. Eagle Bay Advisors LLC grew its holdings in Ecolab by 28.3% during the 4th quarter. Eagle Bay Advisors LLC now owns 245 shares of the basic materials company’s stock worth $58,000 after acquiring an additional 54 shares during the last quarter. Capital Advisors Ltd. LLC grew its holdings in Ecolab by 10.5% during the 4th quarter. Capital Advisors Ltd. LLC now owns 580 shares of the basic materials company’s stock worth $136,000 after acquiring an additional 55 shares during the last quarter. Chicago Capital LLC grew its holdings in Ecolab by 0.7% during the 4th quarter. Chicago Capital LLC now owns 8,990 shares of the basic materials company’s stock worth $2,109,000 after acquiring an additional 59 shares during the last quarter. Finally, Rational Advisors LLC grew its holdings in Ecolab by 133.3% during the 4th quarter. Rational Advisors LLC now owns 105 shares of the basic materials company’s stock worth $25,000 after acquiring an additional 60 shares during the last quarter. 75.04% of the stock is currently owned by institutional investors and hedge funds.

ECL has been the topic of a number of research analyst reports. Morgan Stanley decreased their price objective on shares of Ecolab from $240.00 to $200.00 and set an “equal weight” rating on the stock in a report on Thursday, February 17th. Barclays decreased their price objective on shares of Ecolab from $215.00 to $185.00 and set an “overweight” rating on the stock in a report on Friday, March 11th. JPMorgan Chase & Co. raised shares of Ecolab from a “neutral” rating to an “overweight” rating and decreased their price objective for the stock from $191.00 to $190.00 in a report on Wednesday, April 27th. Zacks Investment Research upgraded shares of Ecolab from a “sell” rating to a “hold” rating and set a $179.00 target price on the stock in a research report on Tuesday, March 22nd. Finally, Edward Jones upgraded shares of Ecolab from a “hold” rating to a “buy” rating in a research report on Thursday, March 17th. Ten investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $203.07.

In other Ecolab news, Director David Maclennan bought 600 shares of the stock in a transaction that occurred on Thursday, May 5th. The stock was acquired at an average cost of $171.01 per share, with a total value of $102,606.00. Following the purchase, the director now owns 11,351 shares in the company, valued at $1,941,134.51. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Tracy B. Mckibben purchased 1,475 shares of the firm’s stock in a transaction dated Friday, April 29th. The shares were acquired at an average cost of $170.00 per share, with a total value of $250,750.00. Following the completion of the purchase, the director now directly owns 6,746 shares in the company, valued at $1,146,820. The disclosure for this purchase can be found here. 1.04% of the stock is currently owned by corporate insiders.

Shares of NYSE:ECL traded up $1.84 during mid-day trading on Friday, reaching $159.49. The stock had a trading volume of 1,010,753 shares, compared to its average volume of 1,294,765. The firm has a market cap of $45.56 billion, a PE ratio of 41.53, a price-to-earnings-growth ratio of 2.40 and a beta of 1.05. The firm has a 50 day simple moving average of $172.38 and a two-hundred day simple moving average of $196.15. The company has a current ratio of 1.27, a quick ratio of 0.83 and a debt-to-equity ratio of 1.16. Ecolab Inc. has a twelve month low of $154.31 and a twelve month high of $238.93.

Ecolab (NYSE:ECLGet Rating) last announced its quarterly earnings results on Tuesday, April 26th. The basic materials company reported $0.82 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.82. Ecolab had a net margin of 8.45% and a return on equity of 19.35%. The business had revenue of $3.27 billion for the quarter, compared to the consensus estimate of $3.19 billion. During the same period last year, the company posted $0.81 EPS. Ecolab’s revenue for the quarter was up 13.2% on a year-over-year basis. On average, equities analysts anticipate that Ecolab Inc. will post 5.19 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 15th. Investors of record on Tuesday, June 21st will be paid a dividend of $0.51 per share. The ex-dividend date of this dividend is Friday, June 17th. This represents a $2.04 dividend on an annualized basis and a yield of 1.28%. Ecolab’s payout ratio is 53.13%.

Ecolab Profile (Get Rating)

Ecolab Inc provides water, hygiene, and infection prevention solutions and services in the United States and internationally. The company operates through Global Industrial, Global Institutional & Specialty, and Global Healthcare & Life Sciences segments. The Global Industrial segment offers water treatment and process applications, and cleaning and sanitizing solutions to manufacturing, food and beverage processing, transportation, chemical, metals and mining, power generation, pulp and paper, commercial laundry, petroleum, refining, and petrochemical industries.

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Institutional Ownership by Quarter for Ecolab (NYSE:ECL)

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