Rothschild Capital Partners LLC Sells 352 Shares of Ecolab Inc. (ECL)

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Rothschild Capital Partners LLC reduced its position in shares of Ecolab Inc. (NYSE:ECL) by 0.6% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 62,271 shares of the basic materials company’s stock after selling 352 shares during the period. Ecolab accounts for approximately 6.1% of Rothschild Capital Partners LLC’s holdings, making the stock its 6th biggest position. Rothschild Capital Partners LLC’s holdings in Ecolab were worth $10,993,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Thrivent Financial for Lutherans boosted its holdings in Ecolab by 1.8% in the 4th quarter. Thrivent Financial for Lutherans now owns 11,349 shares of the basic materials company’s stock valued at $1,672,000 after purchasing an additional 200 shares during the period. APG Asset Management N.V. boosted its holdings in Ecolab by 15.8% in the 4th quarter. APG Asset Management N.V. now owns 477,737 shares of the basic materials company’s stock valued at $61,579,000 after purchasing an additional 65,300 shares during the period. Municipal Employees Retirement System of Michigan bought a new stake in Ecolab in the 4th quarter valued at $1,014,000. Royal London Asset Management Ltd. boosted its holdings in Ecolab by 31.1% in the 4th quarter. Royal London Asset Management Ltd. now owns 245,193 shares of the basic materials company’s stock valued at $35,399,000 after purchasing an additional 58,182 shares during the period. Finally, Bank of America Corp DE boosted its holdings in Ecolab by 0.9% in the 4th quarter. Bank of America Corp DE now owns 4,447,561 shares of the basic materials company’s stock valued at $655,348,000 after purchasing an additional 39,640 shares during the period. 76.54% of the stock is owned by institutional investors and hedge funds.

A number of brokerages have recently issued reports on ECL. BMO Capital Markets increased their price objective on shares of Ecolab from $169.00 to $180.00 and gave the company a “market perform” rating in a research note on Thursday, May 2nd. Zacks Investment Research upgraded shares of Ecolab from a “sell” rating to a “hold” rating in a research note on Thursday, May 2nd. Nomura dropped their price objective on shares of Ecolab from $210.00 to $208.00 and set a “buy” rating for the company in a research note on Thursday, May 2nd. UBS Group increased their price objective on shares of Ecolab from $186.00 to $191.00 and gave the company a “neutral” rating in a research note on Wednesday, May 1st. Finally, Argus increased their price objective on shares of Ecolab from $180.00 to $200.00 and gave the company a “buy” rating in a research note on Wednesday, May 1st. Eleven research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Ecolab currently has an average rating of “Hold” and a consensus target price of $180.93.

Shares of ECL stock traded down $0.60 during mid-day trading on Friday, reaching $181.58. The company’s stock had a trading volume of 4,327 shares, compared to its average volume of 931,354. Ecolab Inc. has a 1-year low of $135.77 and a 1-year high of $186.34. The stock has a market cap of $51.84 billion, a price-to-earnings ratio of 34.59, a P/E/G ratio of 2.44 and a beta of 0.89. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.75 and a current ratio of 1.14.

Ecolab (NYSE:ECL) last announced its earnings results on Tuesday, April 30th. The basic materials company reported $1.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.02 by $0.01. The business had revenue of $3.51 billion during the quarter, compared to analysts’ expectations of $3.57 billion. Ecolab had a net margin of 10.06% and a return on equity of 19.50%. The firm’s revenue for the quarter was up 1.0% on a year-over-year basis. During the same quarter last year, the company posted $0.91 EPS. On average, sell-side analysts predict that Ecolab Inc. will post 5.9 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Tuesday, June 18th will be given a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.01%. The ex-dividend date of this dividend is Monday, June 17th. Ecolab’s dividend payout ratio (DPR) is currently 35.05%.

In related news, EVP Timothy P. Mulhere sold 11,600 shares of the stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $174.39, for a total transaction of $2,022,924.00. Following the completion of the sale, the executive vice president now owns 34,666 shares in the company, valued at approximately $6,045,403.74. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Roberto Inchaustegui sold 37,200 shares of the stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $169.08, for a total transaction of $6,289,776.00. Following the sale, the executive vice president now owns 41,232 shares of the company’s stock, valued at approximately $6,971,506.56. The disclosure for this sale can be found here. Insiders have sold a total of 335,758 shares of company stock valued at $57,738,346 in the last quarter. 1.52% of the stock is currently owned by corporate insiders.

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Ecolab Company Profile

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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