Ecolab Inc. (NYSE:ECL) Shares Sold by Security Asset Management

Security Asset Management lowered its stake in Ecolab Inc. (NYSE:ECL) by 0.7% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 21,142 shares of the basic materials company’s stock after selling 150 shares during the quarter. Ecolab makes up about 2.4% of Security Asset Management’s holdings, making the stock its 10th biggest position. Security Asset Management’s holdings in Ecolab were worth $4,080,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently bought and sold shares of the stock. Corbenic Partners LLC purchased a new stake in shares of Ecolab in the fourth quarter valued at $29,000. Quantum Capital Management purchased a new stake in Ecolab during the 3rd quarter worth about $38,000. Prime Capital Investment Advisors LLC increased its position in Ecolab by 80.0% during the 3rd quarter. Prime Capital Investment Advisors LLC now owns 225 shares of the basic materials company’s stock worth $45,000 after purchasing an additional 100 shares in the last quarter. First Personal Financial Services raised its stake in Ecolab by 166.7% in the 3rd quarter. First Personal Financial Services now owns 248 shares of the basic materials company’s stock valued at $49,000 after purchasing an additional 155 shares during the last quarter. Finally, Strategic Blueprint LLC acquired a new position in Ecolab in the 3rd quarter valued at about $52,000. 74.87% of the stock is currently owned by hedge funds and other institutional investors.

Ecolab stock traded down $0.29 during trading on Friday, hitting $198.01. The company’s stock had a trading volume of 891,073 shares, compared to its average volume of 982,953. The stock’s fifty day moving average is $190.28 and its 200 day moving average is $194.84. Ecolab Inc. has a 1-year low of $152.91 and a 1-year high of $209.87. The stock has a market capitalization of $57.16 billion, a price-to-earnings ratio of 38.01, a P/E/G ratio of 2.46 and a beta of 0.80. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.84 and a current ratio of 1.24.

Ecolab (NYSE:ECL) last issued its quarterly earnings results on Tuesday, October 29th. The basic materials company reported $1.71 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.71. The firm had revenue of $3.82 billion for the quarter, compared to analyst estimates of $3.89 billion. Ecolab had a return on equity of 20.08% and a net margin of 10.27%. The firm’s quarterly revenue was up 1.9% on a year-over-year basis. During the same period last year, the company earned $1.53 EPS. On average, research analysts anticipate that Ecolab Inc. will post 5.86 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 17th were issued a dividend of $0.47 per share. This is a positive change from Ecolab’s previous quarterly dividend of $0.46. This represents a $1.88 annualized dividend and a dividend yield of 0.95%. The ex-dividend date was Monday, December 16th. Ecolab’s dividend payout ratio is presently 35.81%.

ECL has been the topic of several analyst reports. JPMorgan Chase & Co. raised their price target on shares of Ecolab from $186.00 to $192.00 and gave the stock a “neutral” rating in a research note on Friday, December 20th. Boenning Scattergood reiterated a “neutral” rating on shares of Ecolab in a report on Monday, January 6th. Finally, ValuEngine lowered shares of Ecolab from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Twelve equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $200.17.

Ecolab Company Profile

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.

Further Reading: Gross Domestic Product (GDP)

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Institutional Ownership by Quarter for Ecolab (NYSE:ECL)

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