YorkBridge Wealth Partners LLC Sells 72 Shares of Ecolab Inc. (NYSE:ECL)

YorkBridge Wealth Partners LLC reduced its holdings in shares of Ecolab Inc. (NYSE:ECL) by 2.8% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 2,511 shares of the basic materials company’s stock after selling 72 shares during the quarter. YorkBridge Wealth Partners LLC’s holdings in Ecolab were worth $497,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Greenleaf Trust increased its holdings in Ecolab by 2.6% in the 2nd quarter. Greenleaf Trust now owns 3,674 shares of the basic materials company’s stock worth $725,000 after purchasing an additional 92 shares in the last quarter. Bridges Investment Management Inc. boosted its position in shares of Ecolab by 0.7% in the 2nd quarter. Bridges Investment Management Inc. now owns 49,645 shares of the basic materials company’s stock worth $9,803,000 after purchasing an additional 325 shares in the last quarter. Candriam Luxembourg S.C.A. boosted its position in shares of Ecolab by 20.6% in the 2nd quarter. Candriam Luxembourg S.C.A. now owns 27,503 shares of the basic materials company’s stock worth $7,971,000 after purchasing an additional 4,701 shares in the last quarter. Jacobs Levy Equity Management Inc. boosted its position in shares of Ecolab by 449.1% in the 2nd quarter. Jacobs Levy Equity Management Inc. now owns 233,991 shares of the basic materials company’s stock worth $46,199,000 after purchasing an additional 191,377 shares in the last quarter. Finally, Cerebellum GP LLC bought a new stake in shares of Ecolab in the 3rd quarter worth approximately $174,000. Institutional investors own 75.95% of the company’s stock.

In related news, insider Catelan Leanne acquired 50,000 shares of the company’s stock in a transaction on Monday, October 14th. The stock was acquired at an average price of $1.16 per share, with a total value of $58,000.00. Also, EVP Alex N. Blanco sold 51,400 shares of the stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $203.07, for a total transaction of $10,437,798.00. Following the transaction, the executive vice president now directly owns 59,425 shares of the company’s stock, valued at approximately $12,067,434.75. The disclosure for this sale can be found here. Insiders have sold a total of 66,358 shares of company stock valued at $13,423,309 in the last three months. Insiders own 1.52% of the company’s stock.

A number of analysts have recently commented on ECL shares. Morgan Stanley boosted their price target on Ecolab from $140.00 to $205.00 and gave the stock an “equal weight” rating in a research report on Monday, August 12th. Canaccord Genuity upped their price objective on Ecolab from $198.00 to $222.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Credit Suisse Group set a $181.00 price objective on Ecolab and gave the stock a “neutral” rating in a research note on Wednesday, July 31st. UBS Group set a $202.00 price objective on Ecolab and gave the stock a “hold” rating in a research note on Wednesday, July 31st. Finally, ValuEngine lowered Ecolab from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Thirteen analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $193.14.

Ecolab stock traded down $2.09 during mid-day trading on Monday, hitting $191.73. The stock had a trading volume of 11,621 shares, compared to its average volume of 895,048. The firm has a market capitalization of $55.84 billion, a P/E ratio of 36.54, a P/E/G ratio of 2.63 and a beta of 0.81. The company has a current ratio of 1.18, a quick ratio of 0.78 and a debt-to-equity ratio of 0.72. The firm’s 50 day moving average is $197.93 and its 200 day moving average is $193.40. Ecolab Inc. has a one year low of $135.77 and a one year high of $209.87.

Ecolab (NYSE:ECL) last released its quarterly earnings data 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 net margin of 10.12% and a return on equity of 19.81%. The business had revenue of $3.76 billion during the quarter, compared to the consensus estimate of $3.79 billion. During the same quarter in the prior year, the firm earned $1.27 EPS. The business’s revenue was up 1.9% on a year-over-year basis. As a group, equities research analysts forecast that Ecolab Inc. will post 5.91 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Tuesday, September 17th were issued a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a dividend yield of 0.96%. The ex-dividend date was Monday, September 16th. Ecolab’s dividend payout ratio (DPR) is presently 35.05%.

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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Institutional Ownership by Quarter for Ecolab (NYSE:ECL)

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