MV Capital Management Inc. Purchases 4,199 Shares of Ecolab Inc. (NYSE:ECL)

MV Capital Management Inc. raised its stake in shares of Ecolab Inc. (NYSE:ECL) by 12.7% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 37,169 shares of the basic materials company’s stock after acquiring an additional 4,199 shares during the period. Ecolab makes up approximately 1.5% of MV Capital Management Inc.’s holdings, making the stock its 18th biggest position. MV Capital Management Inc.’s holdings in Ecolab were worth $7,957,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of ECL. Eagle Capital Management LLC lifted its stake in Ecolab by 1.6% during the 4th quarter. Eagle Capital Management LLC now owns 22,770 shares of the basic materials company’s stock valued at $4,927,000 after acquiring an additional 359 shares during the period. Mattern Capital Management LLC increased its position in shares of Ecolab by 2.1% during the 4th quarter. Mattern Capital Management LLC now owns 21,081 shares of the basic materials company’s stock valued at $4,561,000 after purchasing an additional 434 shares during the last quarter. CIBC Asset Management Inc increased its position in shares of Ecolab by 2.6% during the 4th quarter. CIBC Asset Management Inc now owns 37,602 shares of the basic materials company’s stock valued at $8,136,000 after purchasing an additional 965 shares during the last quarter. GSA Capital Partners LLP purchased a new stake in shares of Ecolab during the 4th quarter valued at about $323,000. Finally, Cambridge Investment Research Advisors Inc. increased its position in shares of Ecolab by 0.5% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 30,893 shares of the basic materials company’s stock valued at $6,684,000 after purchasing an additional 162 shares during the last quarter. Institutional investors and hedge funds own 73.21% of the company’s stock.

ECL traded up $0.39 on Friday, hitting $213.95. The company had a trading volume of 2,368 shares, compared to its average volume of 1,021,536. The company has a fifty day simple moving average of $219.47. Ecolab Inc. has a 12-month low of $181.25 and a 12-month high of $230.00. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.81 and a quick ratio of 1.33. The stock has a market cap of $61.18 billion, a PE ratio of -48.58, a price-to-earnings-growth ratio of 3.31 and a beta of 0.99.

Ecolab (NYSE:ECL) last posted its earnings results on Tuesday, April 27th. The basic materials company reported $0.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.82 by ($0.01). The company had revenue of $2.89 billion during the quarter, compared to analysts’ expectations of $2.90 billion. Ecolab had a negative net margin of 11.11% and a positive return on equity of 18.17%. Ecolab’s revenue for the quarter was down 4.5% on a year-over-year basis. During the same quarter last year, the firm earned $1.13 EPS. On average, research analysts forecast that Ecolab Inc. will post 5.07 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 15th. Shareholders of record on Tuesday, June 15th will be issued a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 0.90%. The ex-dividend date is Monday, June 14th. Ecolab’s dividend payout ratio is presently 47.76%.

In other Ecolab news, EVP Elizabeth A. Simermeyer sold 7,691 shares of the firm’s stock in a transaction dated Wednesday, May 5th. The stock was sold at an average price of $227.53, for a total value of $1,749,933.23. Following the completion of the sale, the executive vice president now owns 16,634 shares of the company’s stock, valued at $3,784,734.02. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Timothy P. Mulhere sold 24,471 shares of Ecolab stock in a transaction dated Friday, May 7th. The stock was sold at an average price of $228.27, for a total value of $5,585,995.17. Following the sale, the executive vice president now directly owns 43,438 shares of the company’s stock, valued at approximately $9,915,592.26. The disclosure for this sale can be found here. 1.05% of the stock is currently owned by company insiders.

Several equities research analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft raised shares of Ecolab from a “hold” rating to a “buy” rating and increased their target price for the stock from $225.00 to $250.00 in a report on Monday, March 29th. JPMorgan Chase & Co. raised shares of Ecolab from an “underweight” rating to a “neutral” rating and set a $220.00 price objective for the company in a report on Wednesday, April 28th. Morgan Stanley increased their price objective on shares of Ecolab from $210.00 to $230.00 and gave the company an “equal weight” rating in a report on Wednesday, April 28th. Credit Suisse Group increased their target price on Ecolab from $210.00 to $250.00 and gave the company a “neutral” rating in a research report on Wednesday, April 28th. Finally, Zacks Investment Research downgraded Ecolab from a “buy” rating to a “hold” rating and set a $221.00 target price for the company. in a research report on Wednesday, February 17th. Eight investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $228.00.

Ecolab Profile

Ecolab Inc provides water, hygiene, and infection prevention solutions and services worldwide. Its 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, and petrochemical industries.

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Institutional Ownership by Quarter for Ecolab (NYSE:ECL)

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