Tiedemann Advisors LLC increased its stake in Ecolab Inc. (NYSE:ECL) by 15.9% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,560 shares of the basic materials company’s stock after acquiring an additional 902 shares during the quarter. Tiedemann Advisors LLC’s holdings in Ecolab were worth $924,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the company. Verition Fund Management LLC bought a new stake in shares of Ecolab in the 2nd quarter valued at $903,000. California Public Employees Retirement System increased its stake in shares of Ecolab by 32.2% in the 2nd quarter. California Public Employees Retirement System now owns 768,101 shares of the basic materials company’s stock valued at $107,788,000 after acquiring an additional 187,214 shares in the last quarter. Peninsula Asset Management Inc. increased its stake in shares of Ecolab by 1.7% in the 2nd quarter. Peninsula Asset Management Inc. now owns 24,819 shares of the basic materials company’s stock valued at $3,483,000 after acquiring an additional 423 shares in the last quarter. Moneta Group Investment Advisors LLC increased its stake in shares of Ecolab by 312,045.3% in the 2nd quarter. Moneta Group Investment Advisors LLC now owns 199,773 shares of the basic materials company’s stock valued at $216,000 after acquiring an additional 199,709 shares in the last quarter. Finally, Zurich Insurance Group Ltd FI bought a new stake in shares of Ecolab in the 2nd quarter valued at $5,557,000. Institutional investors own 76.19% of the company’s stock.

ECL opened at $156.65 on Wednesday. The company has a current ratio of 1.27, a quick ratio of 0.84 and a debt-to-equity ratio of 0.80. The firm has a market cap of $45.39 billion, a price-to-earnings ratio of 33.40, a PEG ratio of 2.29 and a beta of 0.98. Ecolab Inc. has a 1 year low of $125.74 and a 1 year high of $157.23.

Ecolab (NYSE:ECL) last issued its quarterly earnings results on Tuesday, July 31st. The basic materials company reported $1.27 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $1.27. The company had revenue of $3.69 billion for the quarter, compared to the consensus estimate of $3.69 billion. Ecolab had a net margin of 10.83% and a return on equity of 18.96%. The firm’s quarterly revenue was up 6.6% on a year-over-year basis. During the same period in the previous year, the firm earned $1.13 EPS. analysts expect that Ecolab Inc. will post 5.37 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, October 15th. Investors of record on Tuesday, September 18th will be issued a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a dividend yield of 1.05%. The ex-dividend date is Monday, September 17th. Ecolab’s dividend payout ratio (DPR) is currently 34.97%.

ECL has been the subject of several research analyst reports. Canaccord Genuity set a $160.00 price objective on shares of Ecolab and gave the company a “buy” rating in a research note on Tuesday, May 22nd. ValuEngine lowered shares of Ecolab from a “buy” rating to a “hold” rating in a research note on Saturday, May 26th. JPMorgan Chase & Co. lowered shares of Ecolab from a “neutral” rating to an “underweight” rating in a research note on Friday, June 22nd. Nomura boosted their price target on shares of Ecolab from $136.00 to $146.00 and gave the company a “neutral” rating in a research note on Thursday, June 28th. Finally, Zacks Investment Research lowered shares of Ecolab from a “hold” rating to a “sell” rating in a research note on Tuesday, July 24th. Eight research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Ecolab presently has a consensus rating of “Buy” and an average target price of $149.00.

In related news, EVP Roberto Inchaustegui sold 10,600 shares of the business’s stock in a transaction dated Thursday, August 2nd. The shares were sold at an average price of $145.71, for a total value of $1,544,526.00. Following the transaction, the executive vice president now directly owns 33,202 shares of the company’s stock, valued at approximately $4,837,863.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Michael A. Hickey sold 32,468 shares of the business’s stock in a transaction dated Thursday, September 13th. The stock was sold at an average price of $155.80, for a total transaction of $5,058,514.40. The disclosure for this sale can be found here. Insiders sold a total of 114,885 shares of company stock worth $17,369,786 over the last three months. 1.50% of the stock is owned by insiders.

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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