Ecolab Inc. (ECL) Position Boosted by Cypress Capital Management LLC

Cypress Capital Management LLC boosted its stake in Ecolab Inc. (NYSE:ECL) by 4.5% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 11,669 shares of the basic materials company’s stock after buying an additional 500 shares during the period. Cypress Capital Management LLC’s holdings in Ecolab were worth $1,719,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Rothschild Investment Corp IL grew its position in Ecolab by 5.1% in the 4th quarter. Rothschild Investment Corp IL now owns 1,450 shares of the basic materials company’s stock valued at $214,000 after buying an additional 70 shares in the last quarter. Parkside Financial Bank & Trust lifted its holdings in Ecolab by 50.7% in the 4th quarter. Parkside Financial Bank & Trust now owns 214 shares of the basic materials company’s stock valued at $31,000 after acquiring an additional 72 shares during the last quarter. United Capital Management of KS Inc. lifted its holdings in Ecolab by 2.3% in the 4th quarter. United Capital Management of KS Inc. now owns 3,296 shares of the basic materials company’s stock valued at $486,000 after acquiring an additional 73 shares during the last quarter. Renaissance Investment Group LLC lifted its holdings in Ecolab by 3.2% in the 4th quarter. Renaissance Investment Group LLC now owns 2,395 shares of the basic materials company’s stock valued at $353,000 after acquiring an additional 75 shares during the last quarter. Finally, Pinnacle Financial Partners Inc. lifted its holdings in Ecolab by 0.8% in the 4th quarter. Pinnacle Financial Partners Inc. now owns 10,327 shares of the basic materials company’s stock valued at $1,522,000 after acquiring an additional 79 shares during the last quarter. Hedge funds and other institutional investors own 77.29% of the company’s stock.

ECL stock opened at $162.38 on Wednesday. The company has a quick ratio of 0.90, a current ratio of 1.34 and a debt-to-equity ratio of 0.79. Ecolab Inc. has a one year low of $127.19 and a one year high of $162.91. The stock has a market cap of $46.47 billion, a price-to-earnings ratio of 34.62, a PEG ratio of 2.10 and a beta of 0.89.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 15th. Shareholders of record on Tuesday, December 18th were paid a dividend of $0.46 per share. The ex-dividend date of this dividend was Monday, December 17th. This is a positive change from Ecolab’s previous quarterly dividend of $0.41. This represents a $1.84 dividend on an annualized basis and a yield of 1.13%. Ecolab’s dividend payout ratio is currently 39.23%.

In other Ecolab news, Director Leslie S. Biller sold 2,811 shares of the company’s stock in a transaction dated Friday, November 30th. The shares were sold at an average price of $160.40, for a total transaction of $450,884.40. Following the completion of the sale, the director now directly owns 57,842 shares of the company’s stock, valued at $9,277,856.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 1.50% of the stock is currently owned by corporate insiders.

A number of equities research analysts have weighed in on the stock. Zacks Investment Research downgraded shares of Ecolab from a “hold” rating to a “sell” rating in a report on Monday, December 17th. Bank of America assumed coverage on shares of Ecolab in a report on Tuesday, October 23rd. They issued a “buy” rating and a $123.00 price target for the company. UBS Group downgraded shares of Ecolab from an “outperform” rating to a “market perform” rating in a report on Wednesday, November 21st. Barclays upped their price target on shares of Ecolab from $150.00 to $165.00 and gave the company an “overweight” rating in a report on Wednesday, October 24th. Finally, Nomura cut their price target on shares of Ecolab from $153.00 to $150.00 and set a “neutral” rating for the company in a report on Tuesday, October 16th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the company’s stock. Ecolab presently has an average rating of “Hold” and an average target price of $159.36.

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Ecolab Company Profile

Ecolab Inc provides water, hygiene, and energy technologies and services for customers worldwide. The company operates through Global Industrial, Global Institutional, and Global Energy segments. The Global Industrial segment provides water treatment and process applications, and cleaning and sanitizing solutions primarily to large industrial customers within the manufacturing, food and beverage processing, chemical, mining and primary metals, power generation, pulp and paper, and commercial laundry industries.

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Institutional Ownership by Quarter for Ecolab (NYSE:ECL)

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