Greenleaf Trust Raises Position in Ecolab Inc. (NYSE:ECL)

Greenleaf Trust grew its position in Ecolab Inc. (NYSE:ECLFree Report) by 2.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,336 shares of the basic materials company’s stock after purchasing an additional 248 shares during the quarter. Greenleaf Trust’s holdings in Ecolab were worth $2,090,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Angeles Investment Advisors LLC bought a new position in shares of Ecolab during the third quarter worth $428,000. Lazard Freres Gestion S.A.S. boosted its position in shares of Ecolab by 1.4% during the third quarter. Lazard Freres Gestion S.A.S. now owns 340,365 shares of the basic materials company’s stock worth $56,072,000 after acquiring an additional 4,644 shares during the last quarter. Headlands Technologies LLC boosted its position in shares of Ecolab by 177.2% during the third quarter. Headlands Technologies LLC now owns 6,748 shares of the basic materials company’s stock worth $1,143,000 after acquiring an additional 4,314 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in shares of Ecolab by 18.1% during the third quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 51,007 shares of the basic materials company’s stock worth $8,641,000 after acquiring an additional 7,806 shares during the last quarter. Finally, Texas Permanent School Fund Corp boosted its position in shares of Ecolab by 0.9% during the third quarter. Texas Permanent School Fund Corp now owns 52,416 shares of the basic materials company’s stock worth $8,879,000 after acquiring an additional 474 shares during the last quarter. Institutional investors own 73.91% of the company’s stock.

Ecolab Trading Down 0.1 %

NYSE ECL opened at $202.72 on Monday. The company’s 50-day moving average price is $197.45 and its 200-day moving average price is $184.07. The company has a current ratio of 1.26, a quick ratio of 0.92 and a debt-to-equity ratio of 0.96. The stock has a market cap of $57.80 billion, a PE ratio of 47.03, a PEG ratio of 2.54 and a beta of 1.08. Ecolab Inc. has a 12 month low of $143.91 and a 12 month high of $203.62.

Ecolab Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 16th. Stockholders of record on Tuesday, December 19th were issued a $0.57 dividend. The ex-dividend date was Monday, December 18th. This is a boost from Ecolab’s previous quarterly dividend of $0.53. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.12%. Ecolab’s dividend payout ratio is presently 52.90%.

Insider Transactions at Ecolab

In other news, EVP Laurie M. Marsh sold 11,917 shares of the company’s stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $191.41, for a total value of $2,281,032.97. Following the transaction, the executive vice president now directly owns 20,538 shares in the company, valued at $3,931,178.58. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other Ecolab news, EVP Nicholas J. Alfano sold 6,000 shares of the stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $189.63, for a total transaction of $1,137,780.00. Following the transaction, the executive vice president now directly owns 9,717 shares in the company, valued at approximately $1,842,634.71. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Laurie M. Marsh sold 11,917 shares of the stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $191.41, for a total transaction of $2,281,032.97. Following the transaction, the executive vice president now owns 20,538 shares in the company, valued at $3,931,178.58. The disclosure for this sale can be found here. Company insiders own 0.04% of the company’s stock.

Analysts Set New Price Targets

ECL has been the subject of a number of research reports. StockNews.com upgraded shares of Ecolab from a “hold” rating to a “buy” rating in a research report on Tuesday, November 7th. UBS Group upped their price target on shares of Ecolab from $211.00 to $227.00 and gave the company a “buy” rating in a research note on Thursday, January 11th. Bank of America raised shares of Ecolab from an “underperform” rating to a “neutral” rating and upped their price target for the company from $185.00 to $216.00 in a research note on Tuesday, January 16th. Raymond James started coverage on shares of Ecolab in a research note on Thursday, November 30th. They set an “outperform” rating and a $210.00 price target on the stock. Finally, Stifel Nicolaus upped their price target on shares of Ecolab from $187.00 to $193.00 and gave the company a “hold” rating in a research note on Wednesday, November 1st. Eleven analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $201.38.

Get Our Latest Stock Analysis on ECL

About Ecolab

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Ecolab (NYSE:ECL)

Receive News & Ratings for Ecolab Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ecolab and related companies with MarketBeat.com's FREE daily email newsletter.