Mountain Pacific Investment Advisers Inc. ID decreased its position in Ecolab Inc. (NYSE:ECL) by 12.7% during the second quarter, Holdings Channel reports. The firm owned 147,530 shares of the basic materials company’s stock after selling 21,450 shares during the period. Ecolab makes up 2.2% of Mountain Pacific Investment Advisers Inc. ID’s investment portfolio, making the stock its 21st largest position. Mountain Pacific Investment Advisers Inc. ID’s holdings in Ecolab were worth $19,585,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the company. Guardian Life Insurance Co. of America raised its position 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 worth $127,000 after buying an additional 7 shares during the period. Rench Wealth Management Inc. raised its position in shares of Ecolab by 0.3% in the first quarter. Rench Wealth Management Inc. now owns 2,995 shares of the basic materials company’s stock worth $375,000 after buying an additional 9 shares during the period. JNBA Financial Advisors raised its position 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 worth $109,000 after buying an additional 21 shares during the period. ZWJ Investment Counsel Inc. raised its position in shares of Ecolab by 1.2% in the first quarter. ZWJ Investment Counsel Inc. now owns 2,530 shares of the basic materials company’s stock worth $317,000 after buying an additional 30 shares during the period. Finally, Ironwood Investment Management LLC raised its position in shares of Ecolab by 1.2% in the first quarter. Ironwood Investment Management LLC now owns 2,689 shares of the basic materials company’s stock worth $337,000 after buying an additional 32 shares during the period. 75.71% of the stock is currently owned by institutional investors and hedge funds.

Ecolab Inc. (ECL) opened at 132.26 on Friday. The firm has a 50-day moving average of $132.94 and a 200-day moving average of $126.39. Ecolab Inc. has a 12-month low of $110.65 and a 12-month high of $134.89. The stock has a market cap of $38.36 billion, a PE ratio of 31.24 and a beta of 0.98.

Ecolab (NYSE:ECL) last released its earnings results on Tuesday, May 2nd. The basic materials company reported $0.80 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.81 by $0.01. Ecolab had a return on equity of 18.96% and a net margin of 9.47%. The firm had revenue of $3.17 billion during the quarter, compared to analyst estimates of $3.16 billion. During the same quarter last year, the business posted $0.77 EPS. The firm’s revenue was up 2.2% on a year-over-year basis. Equities analysts predict that Ecolab Inc. will post $4.78 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Monday, July 17th. Stockholders of record on Tuesday, June 20th were paid a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 1.12%. The ex-dividend date was Friday, June 16th. Ecolab’s dividend payout ratio (DPR) is presently 34.91%.

ILLEGAL ACTIVITY WARNING: “Mountain Pacific Investment Advisers Inc. ID Cuts Stake in Ecolab Inc. (ECL)” was originally posted by Daily Political and is the sole property of of Daily Political. If you are accessing this story on another domain, it was illegally copied and republished in violation of US & international copyright & trademark legislation. The legal version of this story can be accessed at https://www.dailypolitical.com/2017/07/21/mountain-pacific-investment-advisers-inc-id-cuts-stake-in-ecolab-inc-ecl.html.

Several brokerages recently issued reports on ECL. Oppenheimer Holdings, Inc. reissued an “outperform” rating and set a $141.00 price objective (up from $133.00) on shares of Ecolab in a report on Friday, June 2nd. J P Morgan Chase & Co raised shares of Ecolab from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $120.00 to $138.00 in a report on Friday, May 26th. Canaccord Genuity reissued a “buy” rating and set a $135.00 price objective on shares of Ecolab in a report on Monday, May 1st. Instinet raised shares of Ecolab from a “reduce” rating to a “neutral” rating and lifted their price objective for the company from $99.00 to $118.00 in a report on Monday, April 3rd. Finally, Nomura raised shares of Ecolab from a “reduce” rating to a “neutral” rating and lifted their price target for the stock from $99.00 to $118.00 in a report on Monday, April 3rd. One analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $129.79.

In other news, EVP Stephen M. Taylor sold 23,151 shares of the firm’s stock in a transaction on Friday, June 9th. The shares were sold at an average price of $133.06, for a total value of $3,080,472.06. Following the completion of the sale, the executive vice president now owns 44,466 shares in the company, valued at approximately $5,916,645.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Carl M. Casale bought 5,000 shares of Ecolab stock in a transaction dated Friday, May 5th. The stock was purchased at an average price of $126.33 per share, with a total value of $631,650.00. Following the purchase, the director now directly owns 11,495 shares in the company, valued at approximately $1,452,163.35. The disclosure for this purchase can be found here. Insiders sold a total of 44,810 shares of company stock valued at $5,897,361 in the last 90 days. Company insiders own 1.49% of the company’s stock.

About Ecolab

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.

Want to see what other hedge funds are holding ECL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ecolab Inc. (NYSE:ECL).

Institutional Ownership by Quarter for Ecolab (NYSE:ECL)

Receive News & Ratings for Ecolab Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ecolab Inc. and related companies with MarketBeat.com's FREE daily email newsletter.