Pennsylvania Trust Co boosted its stake in Ecolab Inc. (NYSE:ECL) by 10.7% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 39,548 shares of the basic materials company’s stock after buying an additional 3,829 shares during the period. Pennsylvania Trust Co’s holdings in Ecolab were worth $5,250,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. FUKOKU MUTUAL LIFE INSURANCE Co boosted its position in Ecolab by 60.0% in the first quarter. FUKOKU MUTUAL LIFE INSURANCE Co now owns 800 shares of the basic materials company’s stock valued at $100,000 after buying an additional 300 shares in the last quarter. JNBA Financial Advisors boosted its position in Ecolab by 2.5% in the first quarter. JNBA Financial Advisors now owns 871 shares of the basic materials company’s stock valued at $109,000 after buying an additional 21 shares in the last quarter. Harfst & Associates Inc. purchased a new position in Ecolab during the first quarter valued at about $117,000. Guardian Life Insurance Co. of America boosted its position in Ecolab by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 1,012 shares of the basic materials company’s stock valued at $127,000 after buying an additional 7 shares in the last quarter. Finally, State of Alaska Department of Revenue purchased a new position in Ecolab during the first quarter valued at about $134,000. 75.73% of the stock is owned by hedge funds and other institutional investors.
Shares of Ecolab Inc. (NYSE:ECL) opened at 130.11 on Friday. Ecolab Inc. has a 52-week low of $110.65 and a 52-week high of $134.89. The stock has a 50 day moving average of $132.07 and a 200 day moving average of $128.14. The firm has a market capitalization of $37.65 billion, a price-to-earnings ratio of 29.75 and a beta of 0.98.
The company also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Tuesday, September 19th will be given a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 1.14%. The ex-dividend date is Monday, September 18th. Ecolab’s dividend payout ratio (DPR) is currently 33.79%.
ECL has been the subject of several analyst reports. Canaccord Genuity increased their price target on shares of Ecolab from $135.00 to $145.00 and gave the stock a “buy” rating in a report on Friday, July 28th. UBS AG reissued a “buy” rating and set a $147.00 price target (up from $144.00) on shares of Ecolab in a report on Wednesday, August 2nd. Morgan Stanley initiated coverage on shares of Ecolab in a report on Tuesday. They set an “equal weight” rating and a $140.00 price target for the company. Jefferies Group LLC reissued a “hold” rating and set a $130.00 price target on shares of Ecolab in a report on Wednesday. Finally, Credit Suisse Group set a $128.00 price target on shares of Ecolab and gave the stock a “hold” rating in a report on Thursday, August 3rd. One research analyst has rated the stock with a sell rating, nine have given a hold rating and eight have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $134.20.
In other news, SVP Bruno Lavandier sold 1,000 shares of Ecolab stock in a transaction that occurred on Tuesday, June 6th. The shares were sold at an average price of $133.52, for a total value of $133,520.00. Following the transaction, the senior vice president now directly owns 8,922 shares of the company’s stock, valued at $1,191,265.44. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Michael A. Hickey sold 13,700 shares of Ecolab stock in a transaction that occurred on Tuesday, May 30th. The stock was sold at an average price of $131.30, for a total transaction of $1,798,810.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 37,851 shares of company stock worth $5,012,802. 1.49% of the stock is currently owned by insiders.
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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