Two Sigma Securities LLC purchased a new position in Ecolab Inc. (NYSE:ECL) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 2,380 shares of the basic materials company’s stock, valued at approximately $298,000.
A number of other institutional investors have also bought and sold shares of the company. FUKOKU MUTUAL LIFE INSURANCE Co increased 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 during the last quarter. JNBA Financial Advisors increased its stake in shares of 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. acquired a new stake in shares of Ecolab during the first quarter valued at about $117,000. Guardian Life Insurance Co. of America increased its stake in shares of 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 acquired a new stake in shares of Ecolab during the first quarter valued at about $134,000. 75.73% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Ecolab Inc. (NYSE:ECL) traded down 0.09% during trading on Friday, hitting $130.11. 720,840 shares of the stock were exchanged. Ecolab Inc. has a 52 week low of $110.65 and a 52 week high of $134.89. The stock has a market cap of $37.65 billion, a P/E ratio of 29.75 and a beta of 0.98. The firm’s 50 day moving average price is $132.07 and its 200-day moving average price is $128.14.
The business also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Tuesday, September 19th will be paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 1.14%. The ex-dividend date of this dividend is Monday, September 18th. Ecolab’s dividend payout ratio is currently 33.79%.
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Several research firms recently weighed in on ECL. Zacks Investment Research cut shares of Ecolab from a “buy” rating to a “hold” rating in a research note on Thursday, July 27th. Oppenheimer Holdings, Inc. reiterated an “outperform” rating and issued a $141.00 target price (up previously from $133.00) on shares of Ecolab in a research note on Friday, June 2nd. Morgan Stanley assumed coverage on shares of Ecolab in a research note on Tuesday. They issued an “equal weight” rating and a $140.00 target price for the company. Deutsche Bank AG raised their price target on shares of Ecolab from $132.00 to $134.00 and gave the stock a “hold” rating in a research note on Wednesday, August 2nd. Finally, Credit Suisse Group set a $128.00 price target on shares of Ecolab and gave the stock a “hold” rating in a research note on Thursday, August 3rd. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and eight have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $134.20.
In other Ecolab news, SVP Bruno Lavandier sold 1,000 shares of the company’s stock in a transaction dated Tuesday, June 6th. The shares were sold at an average price of $133.52, for a total transaction of $133,520.00. Following the transaction, the senior vice president now owns 8,922 shares in the company, valued at approximately $1,191,265.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Michael A. Hickey sold 13,700 shares of the company’s stock in a transaction dated Tuesday, May 30th. The shares were 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. Insiders have sold a total of 37,851 shares of company stock worth $5,012,802 in the last 90 days. Company insiders own 1.49% of the company’s stock.
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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