Vermillion Wealth Management Inc. reduced its holdings in shares of Ecolab Inc. (NYSE:ECL – Free Report) by 5.4% during the second quarter, HoldingsChannel reports. The firm owned 1,658 shares of the basic materials company’s stock after selling 95 shares during the period. Vermillion Wealth Management Inc.’s holdings in Ecolab were worth $447,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors also recently modified their holdings of the business. Brighton Jones LLC lifted its stake in Ecolab by 164.7% during the 4th quarter. Brighton Jones LLC now owns 3,700 shares of the basic materials company’s stock valued at $867,000 after acquiring an additional 2,302 shares during the period. Centaurus Financial Inc. raised its holdings in shares of Ecolab by 27.7% during the fourth quarter. Centaurus Financial Inc. now owns 1,334 shares of the basic materials company’s stock valued at $313,000 after purchasing an additional 289 shares during the last quarter. Burns J W & Co. Inc. NY bought a new position in Ecolab during the first quarter valued at approximately $209,000. Fifth Third Wealth Advisors LLC boosted its holdings in Ecolab by 17.3% in the first quarter. Fifth Third Wealth Advisors LLC now owns 4,159 shares of the basic materials company’s stock worth $1,054,000 after purchasing an additional 613 shares during the last quarter. Finally, Rhumbline Advisers grew its position in Ecolab by 2.0% in the 1st quarter. Rhumbline Advisers now owns 498,898 shares of the basic materials company’s stock worth $126,480,000 after purchasing an additional 9,603 shares during the period. 74.91% of the stock is owned by hedge funds and other institutional investors.
Ecolab Price Performance
NYSE ECL opened at $271.04 on Monday. The company has a current ratio of 1.44, a quick ratio of 1.12 and a debt-to-equity ratio of 0.80. Ecolab Inc. has a 12 month low of $221.62 and a 12 month high of $286.04. The stock has a market cap of $76.87 billion, a price-to-earnings ratio of 36.19, a PEG ratio of 2.79 and a beta of 1.07. The company’s 50 day moving average is $272.33 and its two-hundred day moving average is $261.52.
Ecolab Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 16th will be issued a dividend of $0.65 per share. The ex-dividend date of this dividend is Tuesday, September 16th. This represents a $2.60 dividend on an annualized basis and a yield of 1.0%. Ecolab’s dividend payout ratio (DPR) is currently 34.71%.
Wall Street Analyst Weigh In
A number of equities analysts have recently issued reports on ECL shares. Robert W. Baird raised their price target on Ecolab from $300.00 to $306.00 and gave the stock an “outperform” rating in a research note on Friday, September 5th. Raymond James Financial assumed coverage on Ecolab in a research report on Tuesday, August 26th. They issued a “market perform” rating on the stock. Oppenheimer upgraded Ecolab to an “outperform” rating in a research note on Wednesday, July 30th. Citigroup lowered their price objective on shares of Ecolab from $320.00 to $315.00 and set a “buy” rating on the stock in a research note on Wednesday, July 30th. Finally, UBS Group upped their target price on shares of Ecolab from $293.00 to $295.00 and gave the company a “neutral” rating in a report on Thursday, August 14th. Three equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $292.00.
View Our Latest Report on Ecolab
Insider Activity
In other Ecolab news, Director David Maclennan acquired 600 shares of the company’s stock in a transaction dated Wednesday, August 13th. The stock was purchased at an average price of $278.51 per share, with a total value of $167,106.00. Following the completion of the purchase, the director directly owned 20,253 shares in the company, valued at approximately $5,640,663.03. The trade was a 3.05% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Suzanne M. Vautrinot sold 1,354 shares of Ecolab stock in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $283.16, for a total value of $383,398.64. Following the sale, the director directly owned 11,199 shares in the company, valued at $3,171,108.84. This trade represents a 10.79% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.50% of the company’s stock.
Ecolab Company Profile
Ecolab Inc provides water, hygiene, and infection prevention solutions and services in the United States and internationally. The company operates through three segments: Global Industrial; Global Institutional & Specialty; and Global Healthcare & Life Sciences. 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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