Dean Capital Investments Management LLC Takes Position in Ecolab Inc. (ECL)

Dean Capital Investments Management LLC purchased a new position in Ecolab Inc. (NYSE:ECL) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 4,366 shares of the basic materials company’s stock, valued at approximately $586,000.

Several other institutional investors also recently bought and sold shares of ECL. C WorldWide Group Holding A S raised its position in shares of Ecolab by 1.8% in the third quarter. C WorldWide Group Holding A S now owns 3,769,066 shares of the basic materials company’s stock worth $484,739,000 after buying an additional 64,833 shares in the last quarter. Edgewood Management LLC raised its position in shares of Ecolab by 0.9% in the third quarter. Edgewood Management LLC now owns 3,503,447 shares of the basic materials company’s stock worth $450,578,000 after buying an additional 30,773 shares in the last quarter. Jensen Investment Management Inc. raised its position in shares of Ecolab by 0.5% in the fourth quarter. Jensen Investment Management Inc. now owns 2,534,985 shares of the basic materials company’s stock worth $340,144,000 after buying an additional 13,405 shares in the last quarter. Artisan Partners Limited Partnership raised its position in shares of Ecolab by 2.1% in the third quarter. Artisan Partners Limited Partnership now owns 1,896,477 shares of the basic materials company’s stock worth $243,906,000 after buying an additional 39,638 shares in the last quarter. Finally, Legal & General Group Plc raised its position in shares of Ecolab by 4.2% in the third quarter. Legal & General Group Plc now owns 1,421,340 shares of the basic materials company’s stock worth $182,806,000 after buying an additional 56,812 shares in the last quarter. 76.68% of the stock is owned by hedge funds and other institutional investors.

In other news, VP Larry L. Berger sold 5,197 shares of the firm’s stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $137.37, for a total transaction of $713,911.89. Following the transaction, the vice president now directly owns 33,110 shares of the company’s stock, valued at $4,548,320.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Thomas W. Handley sold 11,644 shares of the firm’s stock in a transaction dated Tuesday, December 5th. The shares were sold at an average price of $137.50, for a total value of $1,601,050.00. Following the transaction, the insider now directly owns 109,542 shares in the company, valued at $15,062,025. The disclosure for this sale can be found here. Insiders have sold 57,446 shares of company stock worth $7,886,307 in the last 90 days. Company insiders own 1.49% of the company’s stock.

A number of equities research analysts recently issued reports on ECL shares. Barclays reiterated a “buy” rating and issued a $150.00 price objective on shares of Ecolab in a research report on Wednesday, December 27th. Royal Bank of Canada increased their price objective on Ecolab from $137.00 to $143.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 7th. Citigroup downgraded Ecolab from a “buy” rating to a “neutral” rating in a research report on Friday, January 5th. Robert W. Baird reiterated a “hold” rating and issued a $140.00 price objective on shares of Ecolab in a research report on Thursday, October 12th. Finally, Zacks Investment Research upgraded Ecolab from a “hold” rating to a “buy” rating and set a $155.00 price objective on the stock in a research report on Monday. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and nine have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $140.07.

Shares of Ecolab Inc. (NYSE:ECL) opened at $138.49 on Friday. Ecolab Inc. has a 12-month low of $119.09 and a 12-month high of $140.50. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.83 and a current ratio of 1.23. The firm has a market capitalization of $40,010.00, a PE ratio of 31.19, a price-to-earnings-growth ratio of 2.01 and a beta of 1.05.

Ecolab (NYSE:ECL) last released its quarterly earnings results on Tuesday, October 31st. The basic materials company reported $1.37 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.36 by $0.01. Ecolab had a return on equity of 19.05% and a net margin of 9.67%. The business had revenue of $3.56 billion for the quarter, compared to the consensus estimate of $3.55 billion. During the same quarter last year, the business posted $1.28 earnings per share. The company’s revenue for the quarter was up 5.2% on a year-over-year basis. equities research analysts forecast that Ecolab Inc. will post 4.7 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, January 16th. Shareholders of record on Tuesday, December 19th were given a dividend of $0.41 per share. This is an increase from Ecolab’s previous quarterly dividend of $0.37. The ex-dividend date was Monday, December 18th. This represents a $1.64 dividend on an annualized basis and a yield of 1.18%. Ecolab’s dividend payout ratio (DPR) is presently 33.33%.

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Ecolab Company Profile

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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Institutional Ownership by Quarter for Ecolab (NYSE:ECL)

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