Ecolab Inc. (ECL) Position Trimmed by Osborn Williams & Donohoe LLC
Osborn Williams & Donohoe LLC cut its stake in shares of Ecolab Inc. (NYSE:ECL) by 2.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 51,398 shares of the basic materials company’s stock after selling 1,123 shares during the period. Ecolab comprises approximately 1.2% of Osborn Williams & Donohoe LLC’s holdings, making the stock its 26th largest position. Osborn Williams & Donohoe LLC’s holdings in Ecolab were worth $6,610,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently made changes to their positions in ECL. TCI Wealth Advisors Inc. raised its stake in Ecolab by 4.8% during the 2nd quarter. TCI Wealth Advisors Inc. now owns 763 shares of the basic materials company’s stock valued at $101,000 after buying an additional 35 shares during the last quarter. Atlantic Trust LLC purchased a new stake in Ecolab during the 2nd quarter valued at $106,000. JNBA Financial Advisors raised its stake in Ecolab by 2.5% during the 1st quarter. JNBA Financial Advisors now owns 871 shares of the basic materials company’s stock valued at $109,000 after buying an additional 21 shares during the last quarter. IHT Wealth Management LLC raised its stake in Ecolab by 4.9% during the 2nd quarter. IHT Wealth Management LLC now owns 811 shares of the basic materials company’s stock valued at $116,000 after buying an additional 38 shares during the last quarter. Finally, Harfst & Associates Inc. purchased a new stake in Ecolab during the 1st quarter valued at $117,000. Institutional investors and hedge funds own 75.39% of the company’s stock.
In other Ecolab news, major shareholder William H. Gates III bought 75,500 shares of Ecolab stock in a transaction that occurred on Thursday, August 3rd. The stock was purchased at an average price of $132.57 per share, with a total value of $10,009,035.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Thomas W. Handley sold 7,397 shares of the firm’s stock in a transaction on Thursday, September 14th. The stock was sold at an average price of $130.63, for a total transaction of $966,270.11. The disclosure for this sale can be found here. Company insiders own 1.49% of the company’s stock.
Shares of Ecolab Inc. (ECL) traded down 0.63% during midday trading on Wednesday, hitting $131.74. 312,806 shares of the stock were exchanged. The stock has a market cap of $38.12 billion, a price-to-earnings ratio of 30.12 and a beta of 0.98. The firm’s 50-day moving average is $131.22 and its 200-day moving average is $130.40. Ecolab Inc. has a 12 month low of $110.65 and a 12 month high of $134.89.
Ecolab (NYSE:ECL) last issued its earnings results on Tuesday, August 1st. The basic materials company reported $1.13 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.12 by $0.01. Ecolab had a net margin of 9.66% and a return on equity of 18.93%. The firm had revenue of $3.46 billion during the quarter, compared to analysts’ expectations of $3.40 billion. During the same quarter last year, the company posted $1.08 earnings per share. The firm’s revenue was up 4.4% compared to the same quarter last year. Equities research analysts predict that Ecolab Inc. will post $4.73 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Monday, October 16th. Investors of record on Tuesday, September 19th were issued a dividend of $0.37 per share. The ex-dividend date of this dividend was Monday, September 18th. This represents a $1.48 annualized dividend and a dividend yield of 1.12%. Ecolab’s dividend payout ratio (DPR) is presently 33.79%.
A number of equities research analysts have weighed in on the stock. Credit Suisse Group reiterated a “hold” rating on shares of Ecolab in a research note on Wednesday, September 6th. Stifel Nicolaus reiterated a “hold” rating and set a $130.00 target price on shares of Ecolab in a research note on Thursday, August 3rd. Robert W. Baird reiterated a “hold” rating and set a $140.00 target price on shares of Ecolab in a research note on Thursday, October 12th. Zacks Investment Research lowered shares of Ecolab from a “buy” rating to a “hold” rating in a research note on Thursday, July 27th. Finally, Canaccord Genuity boosted their target price on shares of Ecolab from $135.00 to $145.00 and gave the company a “buy” rating in a research note on Friday, July 28th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and seven have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $134.21.
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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