Ecolab Inc. $ECL Stock Sold by Mcdonald Capital Investors Inc. CA

Mcdonald Capital Investors Inc. CA reduced its holdings in Ecolab Inc. (NYSE:ECL – Free Report) by 10.9% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 233,684 shares of the basic materials company’s stock after selling 28,621 shares during the quarter. Ecolab makes up 5.3% of Mcdonald Capital Investors Inc. CA’s portfolio, making the stock its 11th biggest position. Mcdonald Capital Investors Inc. CA owned approximately 0.08% of Ecolab worth $64,165,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Studio Investment Management LLC lifted its holdings in Ecolab by 1.1% in the second quarter. Studio Investment Management LLC now owns 3,576 shares of the basic materials company’s stock worth $999,000 after acquiring an additional 38 shares during the last quarter. Vancity Investment Management Ltd boosted its stake in Ecolab by 1.4% in the second quarter. Vancity Investment Management Ltd now owns 2,859 shares of the basic materials company’s stock valued at $797,000 after acquiring an additional 39 shares during the period. Heartland Bank & Trust Co boosted its stake in Ecolab by 3.8% in the first quarter. Heartland Bank & Trust Co now owns 1,117 shares of the basic materials company’s stock valued at $297,000 after acquiring an additional 41 shares during the period. Canandaigua National Bank & Trust Co. grew its holdings in shares of Ecolab by 3.6% during the third quarter. Canandaigua National Bank & Trust Co. now owns 1,218 shares of the basic materials company’s stock valued at $334,000 after purchasing an additional 42 shares during the last quarter. Finally, Wellington Altus USA Inc. grew its holdings in shares of Ecolab by 64.2% during the second quarter. Wellington Altus USA Inc. now owns 110 shares of the basic materials company’s stock valued at $29,000 after purchasing an additional 43 shares during the last quarter. 74.91% of the stock is owned by institutional investors and hedge funds.

More Ecolab News

Here are the key news stories impacting Ecolab this week:

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on ECL. Oppenheimer upgraded Ecolab from a “market perform” rating to an “outperform” rating and set a $320.00 price target on the stock in a research report on Friday, July 17th. Robert W. Baird set a $305.00 price objective on Ecolab and gave the company an “outperform” rating in a research report on Wednesday, July 29th. JPMorgan Chase & Co. upped their price objective on Ecolab from $295.00 to $305.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 29th. Weiss Ratings raised Ecolab from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, August 31st. Finally, Royal Bank Of Canada reiterated an “outperform” rating and issued a $337.00 target price on shares of Ecolab in a research note on Tuesday, July 7th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, Ecolab has a consensus rating of “Moderate Buy” and an average price target of $324.50.

Read Our Latest Analysis on Ecolab

Insider Buying and Selling at Ecolab

In related news, CEO Christophe Beck sold 17,862 shares of the stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $280.14, for a total value of $5,003,860.68. Following the completion of the transaction, the chief executive officer owned 72,932 shares in the company, valued at $20,431,170.48. This represents a 19.67% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 0.50% of the stock is currently owned by corporate insiders.

Ecolab Stock Performance

ECL opened at $291.47 on Wednesday. Ecolab Inc. has a 12 month low of $243.15 and a 12 month high of $309.27. The stock’s 50 day moving average price is $281.02 and its 200 day moving average price is $275.73.

Ecolab (NYSE:ECL – Get Free Report) last announced its earnings results on Tuesday, October 27th. The basic materials company reported $2.18 earnings per share for the quarter, meeting the consensus estimate of $2.18. The business had revenue of $4.69 billion for the quarter, compared to the consensus estimate of $4.70 billion. During the same period in the previous year, the firm earned $2.07 EPS. The firm’s revenue was up 12.7% on a year-over-year basis. On average, equities analysts expect that Ecolab Inc. will post 8.16 EPS for the current fiscal year.

Ecolab Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 15th. Stockholders of record on Tuesday, September 15th were issued a dividend of $0.73 per share. This represents a $2.92 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend was Tuesday, September 15th.

Ecolab Company Profile

(Free Report)

Ecolab Inc is a global provider of water, hygiene, infection prevention and cleaning solutions for businesses and institutions. The company helps customers manage water and energy use, maintain sanitary operations, protect food supplies and comply with health and safety standards.

Ecolab serves customers across industries including food and beverage processing, hospitality, healthcare, life sciences, manufacturing, institutional facilities and energy. Its offerings include cleaning and sanitizing chemicals, water-treatment and process-management systems, pest-control services, kitchen and housekeeping products, infection-prevention programs, and related equipment, training and consulting services.

Founded in 1923 as Economics Laboratory, the company has expanded from its original focus on cleaning products into a broad range of technology-enabled services and solutions.

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Institutional Ownership by Quarter for Ecolab (NYSE:ECL)

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