Brinker Capital Inc. Has $11.01 Million Stake in Ecolab (ECL)

Brinker Capital Inc. lifted its stake in Ecolab (NYSE:ECL) by 1.0% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 80,227 shares of the basic materials company’s stock after purchasing an additional 764 shares during the period. Brinker Capital Inc.’s holdings in Ecolab were worth $11,007,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Stratos Wealth Partners LTD. increased its stake in shares of Ecolab by 4.2% in the 1st quarter. Stratos Wealth Partners LTD. now owns 9,105 shares of the basic materials company’s stock worth $1,248,000 after purchasing an additional 366 shares in the last quarter. Cannell Peter B & Co. Inc. increased its stake in Ecolab by 2.9% in the 1st quarter. Cannell Peter B & Co. Inc. now owns 13,545 shares of the basic materials company’s stock worth $1,857,000 after buying an additional 380 shares in the last quarter. Wetherby Asset Management Inc. increased its stake in Ecolab by 5.6% in the 4th quarter. Wetherby Asset Management Inc. now owns 7,606 shares of the basic materials company’s stock worth $1,021,000 after buying an additional 405 shares in the last quarter. M Holdings Securities Inc. increased its stake in Ecolab by 5.9% in the 4th quarter. M Holdings Securities Inc. now owns 7,591 shares of the basic materials company’s stock worth $476,000 after buying an additional 422 shares in the last quarter. Finally, GW Henssler & Associates Ltd. increased its stake in Ecolab by 0.4% in the 1st quarter. GW Henssler & Associates Ltd. now owns 95,957 shares of the basic materials company’s stock worth $13,153,000 after buying an additional 423 shares in the last quarter. Hedge funds and other institutional investors own 76.21% of the company’s stock.

Ecolab opened at $145.63 on Thursday, according to MarketBeat.com. Ecolab has a 52 week low of $125.74 and a 52 week high of $150.46. The stock has a market cap of $42.70 billion, a price-to-earnings ratio of 31.05, a P/E/G ratio of 2.19 and a beta of 0.99. The company has a quick ratio of 0.77, a current ratio of 1.15 and a debt-to-equity ratio of 0.83.

Ecolab (NYSE:ECL) last released its quarterly earnings data on Tuesday, May 1st. The basic materials company reported $0.91 EPS for the quarter, beating the consensus estimate of $0.89 by $0.02. Ecolab had a net margin of 10.62% and a return on equity of 19.01%. The business had revenue of $3.47 billion during the quarter, compared to the consensus estimate of $3.38 billion. During the same quarter in the prior year, the firm earned $0.80 EPS. The business’s revenue was up 9.8% on a year-over-year basis. sell-side analysts forecast that Ecolab will post 5.4 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 16th. Shareholders of record on Tuesday, June 19th will be issued a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a dividend yield of 1.13%. The ex-dividend date is Monday, June 18th. Ecolab’s dividend payout ratio (DPR) is presently 34.97%.

In related news, major shareholder William H. Gates III acquired 442,519 shares of the company’s stock in a transaction on Friday, March 9th. The stock was acquired at an average price of $134.60 per share, with a total value of $59,563,057.40. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder William H. Gates III acquired 694,343 shares of the company’s stock in a transaction on Wednesday, March 7th. The shares were bought at an average cost of $132.10 per share, with a total value of $91,722,710.30. The disclosure for this purchase can be found here. Insiders have acquired a total of 1,848,529 shares of company stock valued at $248,579,565 in the last three months. Insiders own 1.50% of the company’s stock.

A number of equities research analysts have issued reports on ECL shares. Zacks Investment Research upgraded Ecolab from a “hold” rating to a “buy” rating and set a $164.00 price target for the company in a research note on Wednesday, April 25th. ValuEngine upgraded Ecolab from a “hold” rating to a “buy” rating in a research note on Tuesday, April 17th. BMO Capital Markets started coverage on Ecolab in a research note on Tuesday, March 27th. They issued an “outperform” rating and a $151.00 price target for the company. Canaccord Genuity set a $155.00 price target on Ecolab and gave the stock a “buy” rating in a research note on Tuesday, April 24th. Finally, Credit Suisse Group set a $137.00 price target on Ecolab and gave the stock a “hold” rating in a research note on Friday, April 27th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and eleven have issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $144.22.

About Ecolab

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.

Institutional Ownership by Quarter for Ecolab (NYSE:ECL)

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