WCM Investment Management CA Has $72.80 Million Holdings in Ecolab Inc. (NYSE:ECL)

WCM Investment Management CA raised its position in Ecolab Inc. (NYSE:ECL) by 11.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 542,531 shares of the basic materials company’s stock after buying an additional 53,736 shares during the quarter. Ecolab accounts for 0.8% of WCM Investment Management CA’s holdings, making the stock its 22nd biggest holding. WCM Investment Management CA owned 0.19% of Ecolab worth $72,796,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. GSA Capital Partners LLP bought a new stake in shares of Ecolab during the 2nd quarter worth $356,000. QS Investors LLC raised its position in Ecolab by 8.1% in the second quarter. QS Investors LLC now owns 10,537 shares of the basic materials company’s stock valued at $1,399,000 after purchasing an additional 793 shares during the last quarter. Shelton Capital Management bought a new position in Ecolab in the second quarter valued at about $310,000. Janus Henderson Group PLC raised its position in Ecolab by 23.8% in the second quarter. Janus Henderson Group PLC now owns 182,312 shares of the basic materials company’s stock valued at $24,201,000 after purchasing an additional 35,028 shares during the last quarter. Finally, The Manufacturers Life Insurance Company raised its position in Ecolab by 4.9% in the second quarter. The Manufacturers Life Insurance Company now owns 421,072 shares of the basic materials company’s stock valued at $55,897,000 after purchasing an additional 19,712 shares during the last quarter. 76.52% of the stock is currently owned by institutional investors.

ECL has been the subject of a number of analyst reports. UBS Group raised their price objective on Ecolab from $147.00 to $148.00 and gave the stock a “buy” rating in a research report on Wednesday, November 1st. Royal Bank of Canada lifted their price target on Ecolab from $137.00 to $143.00 and gave the company an “outperform” rating in a research report on Tuesday, November 7th. Zacks Investment Research upgraded Ecolab from a “hold” rating to a “buy” rating and set a $155.00 price target for the company in a research report on Monday, January 29th. Stifel Nicolaus boosted their target price on Ecolab from $140.00 to $153.00 and gave the stock a “hold” rating in a research report on Wednesday, January 24th. Finally, Robert W. Baird reduced their target price on Ecolab from $144.00 to $143.00 and set a “neutral” rating for the company in a research report on Tuesday, January 23rd. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and nine have issued a buy rating to the stock. Ecolab has an average rating of “Hold” and an average target price of $140.07.

In other Ecolab news, CFO Daniel J. Schmechel sold 1,708 shares of the firm’s stock in a transaction dated Thursday, December 7th. The stock was sold at an average price of $136.30, for a total transaction of $232,800.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Bruno Lavandier sold 1,250 shares of the firm’s stock in a transaction dated Friday, December 8th. The shares were sold at an average price of $135.71, for a total value of $169,637.50. Following the sale, the senior vice president now directly owns 7,725 shares in the company, valued at $1,048,359.75. The disclosure for this sale can be found here. Insiders have sold a total of 57,446 shares of company stock worth $7,886,307 over the last three months. Insiders own 1.49% of the company’s stock.

Shares of Ecolab Inc. (NYSE ECL) traded up $1.01 on Thursday, reaching $130.81. The company’s stock had a trading volume of 166,700 shares, compared to its average volume of 1,396,394. The company has a current ratio of 1.23, a quick ratio of 0.83 and a debt-to-equity ratio of 0.89. Ecolab Inc. has a 1-year low of $121.50 and a 1-year high of $140.50. The stock has a market cap of $37,368.18, a P/E ratio of 29.39, a price-to-earnings-growth ratio of 1.89 and a beta of 1.06.

The company also recently declared a quarterly dividend, which was paid on Tuesday, January 16th. Stockholders of record on Tuesday, December 19th were issued a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a dividend yield of 1.25%. This is a boost from Ecolab’s previous quarterly dividend of $0.37. The ex-dividend date was Monday, December 18th. Ecolab’s dividend payout ratio is presently 33.26%.

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Ecolab Profile

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.

Institutional Ownership by Quarter for Ecolab (NYSE:ECL)

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