Baldwin Brothers Inc. MA Boosts Stock Position in Ecolab Inc. (NYSE:ECL)

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Baldwin Brothers Inc. MA grew its stake in shares of Ecolab Inc. (NYSE:ECL) by 0.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 63,325 shares of the basic materials company’s stock after acquiring an additional 193 shares during the period. Ecolab accounts for approximately 1.7% of Baldwin Brothers Inc. MA’s portfolio, making the stock its 21st largest holding. Baldwin Brothers Inc. MA’s holdings in Ecolab were worth $12,655,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Okabena Investment Services Inc. bought a new stake in shares of Ecolab during the second quarter valued at approximately $32,000. Arlington Partners LLC bought a new stake in shares of Ecolab during the second quarter valued at approximately $39,000. Cribstone Capital Management LLC bought a new stake in shares of Ecolab during the second quarter valued at approximately $40,000. Old North State Trust LLC bought a new stake in shares of Ecolab during the third quarter valued at approximately $41,000. Finally, Tarbox Family Office Inc. grew its position in Ecolab by 37.0% in the 2nd quarter. Tarbox Family Office Inc. now owns 222 shares of the basic materials company’s stock worth $44,000 after purchasing an additional 60 shares during the period. Hedge funds and other institutional investors own 74.16% of the company’s stock.

Shares of ECL traded up $3.09 during trading hours on Friday, reaching $204.53. 1,070,550 shares of the stock traded hands, compared to its average volume of 2,270,343. The company has a current ratio of 1.60, a quick ratio of 1.22 and a debt-to-equity ratio of 1.15. Ecolab Inc. has a 52-week low of $124.60 and a 52-week high of $231.36. The company’s 50-day moving average price is $201.21 and its two-hundred day moving average price is $196.40. The company has a market cap of $58.37 billion, a P/E ratio of -69.33, a price-to-earnings-growth ratio of 4.96 and a beta of 0.93.

Ecolab (NYSE:ECL) last announced its quarterly earnings results on Tuesday, July 28th. The basic materials company reported $0.65 EPS for the quarter, missing the consensus estimate of $0.85 by ($0.20). The company had revenue of $2.69 billion during the quarter, compared to analysts’ expectations of $2.58 billion. Ecolab had a positive return on equity of 18.80% and a negative net margin of 6.17%. The firm’s revenue for the quarter was down 28.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.42 EPS. On average, research analysts forecast that Ecolab Inc. will post 4.08 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Thursday, October 15th. Shareholders of record on Tuesday, September 15th were paid a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 0.92%. The ex-dividend date was Monday, September 14th. Ecolab’s payout ratio is currently 32.30%.

A number of equities research analysts have commented on the stock. UBS Group cut their target price on shares of Ecolab from $210.00 to $205.00 and set a “neutral” rating for the company in a research report on Tuesday, October 6th. TheStreet downgraded shares of Ecolab from an “a-” rating to a “c+” rating in a research report on Tuesday, July 28th. Oppenheimer reaffirmed a “hold” rating on shares of Ecolab in a research report on Monday, August 3rd. BMO Capital Markets lifted their target price on shares of Ecolab from $177.00 to $187.00 and gave the stock a “market perform” rating in a research report on Tuesday, September 8th. Finally, Zacks Investment Research raised shares of Ecolab from a “sell” rating to a “hold” rating and set a $207.00 target price for the company in a research report on Wednesday, September 30th. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating and three have given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $190.31.

In other Ecolab news, EVP Jill S. Wyant sold 5,729 shares of the business’s stock in a transaction on Thursday, September 10th. The shares were sold at an average price of $204.06, for a total value of $1,169,059.74. Following the sale, the executive vice president now owns 24,827 shares in the company, valued at approximately $5,066,197.62. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.22% of the stock is owned by insiders.

Ecolab 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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