Catelan Leanne Acquires 50,000 Shares of Ecolab Inc. (NYSE:ECL) Stock

Ecolab Inc. (NYSE:ECL) insider Catelan Leanne bought 50,000 shares of the stock in a transaction on Monday, October 14th. The stock was purchased at an average cost of $1.16 per share, with a total value of $58,000.00.

Shares of Ecolab stock opened at $194.03 on Friday. Ecolab Inc. has a one year low of $135.77 and a one year high of $209.87. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.18 and a quick ratio of 0.78. The stock’s 50-day moving average is $198.15 and its 200 day moving average is $193.31. The firm has a market cap of $56.01 billion, a price-to-earnings ratio of 36.96, a PEG ratio of 2.64 and a beta of 0.81.

Ecolab (NYSE:ECL) last announced its earnings results on Tuesday, July 30th. The basic materials company reported $1.42 EPS for the quarter, beating the consensus estimate of $1.41 by $0.01. Ecolab had a return on equity of 19.81% and a net margin of 10.12%. The company had revenue of $3.76 billion for the quarter, compared to analyst estimates of $3.79 billion. During the same quarter in the prior year, the company earned $1.27 EPS. The firm’s revenue for the quarter was up 1.9% compared to the same quarter last year. On average, sell-side analysts expect that Ecolab Inc. will post 5.91 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Tuesday, September 17th were issued a $0.46 dividend. The ex-dividend date was Monday, September 16th. This represents a $1.84 annualized dividend and a yield of 0.95%. Ecolab’s payout ratio is currently 35.05%.

ECL has been the subject of a number of recent research reports. Citigroup upped their target price on Ecolab from $190.00 to $206.00 and gave the stock a “neutral” rating in a report on Friday, August 2nd. ValuEngine cut Ecolab from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Nomura upped their target price on Ecolab from $208.00 to $210.00 and gave the stock a “buy” rating in a report on Wednesday, August 7th. UBS Group set a $202.00 target price on Ecolab and gave the stock a “hold” rating in a report on Wednesday, July 31st. Finally, BMO Capital Markets upped their target price on Ecolab from $180.00 to $208.00 and gave the stock a “market perform” rating in a report on Monday, August 5th. Thirteen analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Ecolab has an average rating of “Hold” and an average price target of $193.14.

A number of large investors have recently made changes to their positions in ECL. Morgan Stanley boosted its holdings in Ecolab by 251.6% in the second quarter. Morgan Stanley now owns 7,383,606 shares of the basic materials company’s stock worth $1,457,819,000 after acquiring an additional 5,283,861 shares in the last quarter. Nuveen Asset Management LLC boosted its holdings in Ecolab by 6,924.5% in the second quarter. Nuveen Asset Management LLC now owns 1,475,074 shares of the basic materials company’s stock worth $291,239,000 after acquiring an additional 1,454,075 shares in the last quarter. Thoroughbred Financial Services LLC boosted its holdings in Ecolab by 20,154.4% in the second quarter. Thoroughbred Financial Services LLC now owns 587,581 shares of the basic materials company’s stock worth $58,758,000 after acquiring an additional 584,680 shares in the last quarter. BlackRock Inc. boosted its holdings in Ecolab by 3.4% in the second quarter. BlackRock Inc. now owns 17,657,493 shares of the basic materials company’s stock worth $3,486,296,000 after acquiring an additional 578,662 shares in the last quarter. Finally, Vanguard Group Inc. boosted its holdings in Ecolab by 1.9% in the second quarter. Vanguard Group Inc. now owns 22,709,178 shares of the basic materials company’s stock worth $4,483,701,000 after acquiring an additional 419,611 shares in the last quarter. Institutional investors and hedge funds own 75.97% of the company’s stock.

About Ecolab

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

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