Ecolab Inc. (NYSE:ECL) Shares Bought by Meeder Asset Management Inc.

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Meeder Asset Management Inc. boosted its holdings in shares of Ecolab Inc. (NYSE:ECL) by 25.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,988 shares of the basic materials company’s stock after buying an additional 803 shares during the period. Meeder Asset Management Inc.’s holdings in Ecolab were worth $788,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in ECL. Thoroughbred Financial Services LLC increased its position in Ecolab by 20,154.4% during the 2nd quarter. Thoroughbred Financial Services LLC now owns 587,581 shares of the basic materials company’s stock valued at $58,758,000 after buying an additional 584,680 shares in the last quarter. BlackRock Inc. increased its position in Ecolab by 2.6% during the 1st quarter. BlackRock Inc. now owns 17,078,831 shares of the basic materials company’s stock valued at $3,015,097,000 after buying an additional 437,110 shares in the last quarter. FMR LLC increased its position in Ecolab by 186.7% during the 1st quarter. FMR LLC now owns 620,059 shares of the basic materials company’s stock valued at $109,465,000 after buying an additional 403,800 shares in the last quarter. CIBC Private Wealth Group LLC increased its position in Ecolab by 59.3% during the 1st quarter. CIBC Private Wealth Group LLC now owns 1,083,150 shares of the basic materials company’s stock valued at $191,220,000 after buying an additional 403,326 shares in the last quarter. Finally, California Public Employees Retirement System increased its position in Ecolab by 22.8% during the 1st quarter. California Public Employees Retirement System now owns 1,626,210 shares of the basic materials company’s stock valued at $287,091,000 after buying an additional 301,789 shares in the last quarter. 75.59% of the stock is currently owned by institutional investors.

In other news, Director Leslie S. Biller sold 9,975 shares of the company’s stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $195.01, for a total value of $1,945,224.75. Following the sale, the director now owns 49,164 shares in the company, valued at $9,587,471.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Victoria Reich sold 1,500 shares of the company’s stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $199.25, for a total value of $298,875.00. Following the completion of the sale, the director now owns 20,987 shares in the company, valued at approximately $4,181,659.75. The disclosure for this sale can be found here. In the last quarter, insiders have sold 94,055 shares of company stock worth $18,660,054. Company insiders own 1.52% of the company’s stock.

Ecolab stock opened at $207.10 on Thursday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.78 and a current ratio of 1.18. The business’s 50-day simple moving average is $200.71 and its two-hundred day simple moving average is $184.75. The company has a market cap of $60.02 billion, a PE ratio of 39.45, a PEG ratio of 2.83 and a beta of 0.84. Ecolab Inc. has a fifty-two week low of $135.77 and a fifty-two week high of $209.87.

Ecolab (NYSE:ECL) last posted its quarterly earnings results on Tuesday, July 30th. The basic materials company reported $1.42 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.41 by $0.01. The business had revenue of $3.76 billion for the quarter, compared to the consensus estimate of $3.79 billion. Ecolab had a return on equity of 19.81% and a net margin of 10.12%. The company’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.27 EPS. As a group, analysts predict that Ecolab Inc. will post 5.92 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Tuesday, September 17th will be paid a dividend of $0.46 per share. The ex-dividend date of this dividend is Monday, September 16th. This represents a $1.84 annualized dividend and a yield of 0.89%. Ecolab’s payout ratio is presently 35.05%.

Several research analysts recently issued reports on ECL shares. UBS Group set a $202.00 target price on Ecolab and gave the company a “hold” rating in a research report on Wednesday, July 31st. Bank of America reaffirmed a “buy” rating and set a $200.00 target price (up from $178.00) on shares of Ecolab in a research report on Wednesday, May 1st. BMO Capital Markets upped their target price on Ecolab from $180.00 to $208.00 and gave the company a “market perform” rating in a research report on Monday, August 5th. Argus upped their target price on Ecolab from $180.00 to $200.00 and gave the company a “buy” rating in a research report on Wednesday, May 1st. Finally, Citigroup upped their target price on Ecolab from $190.00 to $206.00 and gave the company a “neutral” rating in a research report on Friday, August 2nd. Twelve 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 $192.00.

Ecolab 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.

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Institutional Ownership by Quarter for Ecolab (NYSE:ECL)

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