Clarus Wealth Advisors lifted its stake in Ecolab Inc. (NYSE:ECL) by 11.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,791 shares of the basic materials company’s stock after acquiring an additional 182 shares during the period. Clarus Wealth Advisors’ holdings in Ecolab were worth $264,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors also recently modified their holdings of the company. Rothschild Investment Corp IL lifted its stake in shares of Ecolab by 5.1% in the 4th quarter. Rothschild Investment Corp IL now owns 1,450 shares of the basic materials company’s stock worth $214,000 after acquiring an additional 70 shares during the period. Parkside Financial Bank & Trust lifted its stake in shares of Ecolab by 50.7% in the 4th quarter. Parkside Financial Bank & Trust now owns 214 shares of the basic materials company’s stock worth $31,000 after acquiring an additional 72 shares during the period. United Capital Management of KS Inc. lifted its stake in shares of 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 worth $486,000 after acquiring an additional 73 shares during the period. Renaissance Investment Group LLC lifted its stake in shares of Ecolab by 3.2% in the 4th quarter. Renaissance Investment Group LLC now owns 2,395 shares of the basic materials company’s stock worth $353,000 after acquiring an additional 75 shares during the period. Finally, Pinnacle Financial Partners Inc. lifted its stake in shares of Ecolab by 0.8% in the 4th quarter. Pinnacle Financial Partners Inc. now owns 10,327 shares of the basic materials company’s stock worth $1,522,000 after acquiring an additional 79 shares during the period. 77.29% of the stock is owned by institutional investors.
In other news, Director Leslie S. Biller sold 2,811 shares of the business’s stock in a transaction that occurred on Friday, November 30th. The shares were sold at an average price of $160.40, for a total transaction of $450,884.40. Following the sale, the director now owns 57,842 shares in the company, valued at $9,277,856.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.50% of the stock is owned by insiders.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 15th. Investors of record on Tuesday, December 18th were issued a $0.46 dividend. This is an increase from Ecolab’s previous quarterly dividend of $0.41. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.13%. The ex-dividend date of this dividend was Monday, December 17th. Ecolab’s payout ratio is presently 39.23%.
A number of analysts recently commented on the stock. Seaport Global Securities reiterated a “neutral” rating on shares of Ecolab in a report on Tuesday, February 5th. Boenning Scattergood reiterated a “buy” rating and issued a $210.00 target price on shares of Ecolab in a report on Tuesday, February 5th. Zacks Investment Research downgraded shares of Ecolab from a “hold” rating to a “sell” rating in a report on Tuesday, January 29th. Finally, Oppenheimer reiterated a “market perform” rating on shares of Ecolab in a report on Wednesday, November 21st. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the company’s stock. Ecolab has an average rating of “Hold” and an average price target of $159.36.
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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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