Cabot Wealth Management Inc. trimmed its holdings in shares of Ecolab Inc. (NYSE:ECL) by 5.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 29,401 shares of the basic materials company’s stock after selling 1,733 shares during the quarter. Cabot Wealth Management Inc.’s holdings in Ecolab were worth $3,945,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also made changes to their positions in ECL. Sterling Capital Management LLC increased its position in shares of Ecolab by 1,397.8% during the third quarter. Sterling Capital Management LLC now owns 570,435 shares of the basic materials company’s stock worth $73,364,000 after acquiring an additional 532,349 shares during the last quarter. Atlantic Trust Group LLC increased its position in shares of Ecolab by 475.4% during the third quarter. Atlantic Trust Group LLC now owns 548,104 shares of the basic materials company’s stock worth $70,492,000 after acquiring an additional 452,846 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. increased its position in shares of Ecolab by 386.2% during the third quarter. Los Angeles Capital Management & Equity Research Inc. now owns 305,019 shares of the basic materials company’s stock worth $39,228,000 after acquiring an additional 242,284 shares during the last quarter. BlackRock Inc. increased its position in shares of Ecolab by 1.5% during the fourth quarter. BlackRock Inc. now owns 15,713,077 shares of the basic materials company’s stock worth $2,108,380,000 after acquiring an additional 226,031 shares during the last quarter. Finally, Vontobel Asset Management Inc. purchased a new stake in shares of Ecolab during the fourth quarter worth about $21,060,000. 76.59% of the stock is currently owned by institutional investors and hedge funds.
Shares of Ecolab Inc. (NYSE:ECL) opened at $131.99 on Tuesday. The company has a quick ratio of 0.92, a current ratio of 1.34 and a debt-to-equity ratio of 0.88. The firm has a market capitalization of $37,794.23, a PE ratio of 27.90, a P/E/G ratio of 1.95 and a beta of 1.06. Ecolab Inc. has a fifty-two week low of $122.58 and a fifty-two week high of $140.50.
The business also recently announced a quarterly dividend, which will be paid on Monday, April 16th. Shareholders of record on Tuesday, March 20th will be paid a $0.41 dividend. The ex-dividend date is Monday, March 19th. This represents a $1.64 dividend on an annualized basis and a yield of 1.24%. Ecolab’s payout ratio is currently 31.91%.
In other Ecolab news, SVP Bruno Lavandier sold 347 shares of Ecolab stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $134.77, for a total value of $46,765.19. Following the completion of the transaction, the senior vice president now directly owns 7,615 shares in the company, valued at $1,026,273.55. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Michael A. Hickey sold 19,300 shares of Ecolab stock in a transaction that occurred on Tuesday, December 5th. The shares were sold at an average price of $137.54, for a total value of $2,654,522.00. Following the completion of the transaction, the executive vice president now owns 43,262 shares of the company’s stock, valued at $5,950,255.48. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 57,446 shares of company stock valued at $7,886,307. 1.49% of the stock is currently owned by insiders.
A number of analysts have recently issued reports on ECL shares. UBS Group lifted their target price on Ecolab from $147.00 to $148.00 and gave the stock a “buy” rating in a research report on Wednesday, November 1st. Royal Bank of Canada lifted their target price on Ecolab from $137.00 to $143.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 7th. Citigroup lifted their target price on Ecolab from $140.00 to $144.00 and gave the stock a “neutral” rating in a research report on Thursday, February 22nd. Zacks Investment Research raised Ecolab from a “hold” rating to a “buy” rating and set a $155.00 target price on the stock in a research report on Monday, January 29th. Finally, Stifel Nicolaus boosted their price objective on Ecolab from $140.00 to $153.00 and gave the company a “hold” rating in a report on Wednesday, January 24th. One analyst has rated the stock with a sell rating, nine have given a hold rating and nine have given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $140.88.
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Ecolab Inc provides water, hygiene and energy technologies and services. The Company’s cleaning and sanitizing programs and products, pest elimination services and equipment maintenance and repair services support customers in the foodservice, food and beverage processing, hospitality, healthcare, government and education, retail, textile care and commercial facilities management sectors in over 170 countries.
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