Ecolab Inc. (NYSE:ECL) Position Increased by BerganKDV Wealth Management LLC

BerganKDV Wealth Management LLC lifted its position in Ecolab Inc. (NYSE:ECL) by 769.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 339 shares of the basic materials company’s stock after acquiring an additional 300 shares during the period. BerganKDV Wealth Management LLC’s holdings in Ecolab were worth $70,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in ECL. Solstein Capital LLC purchased a new position in shares of Ecolab during the first quarter valued at $28,000. Concord Wealth Partners grew its stake in Ecolab by 71.4% during the 1st quarter. Concord Wealth Partners now owns 156 shares of the basic materials company’s stock valued at $33,000 after acquiring an additional 65 shares in the last quarter. Kistler Tiffany Companies LLC increased its holdings in shares of Ecolab by 89.5% in the 1st quarter. Kistler Tiffany Companies LLC now owns 180 shares of the basic materials company’s stock valued at $39,000 after purchasing an additional 85 shares during the period. Newfound Research LLC purchased a new stake in shares of Ecolab in the second quarter worth approximately $41,000. Finally, Moisand Fitzgerald Tamayo LLC acquired a new stake in shares of Ecolab during the second quarter worth approximately $42,000. Institutional investors and hedge funds own 72.29% of the company’s stock.

Shares of ECL opened at $223.57 on Friday. The company has a quick ratio of 1.41, a current ratio of 1.91 and a debt-to-equity ratio of 1.00. The company has a 50-day moving average price of $220.54 and a two-hundred day moving average price of $217.17. The stock has a market cap of $63.96 billion, a price-to-earnings ratio of 61.42, a P/E/G ratio of 3.54 and a beta of 1.00. Ecolab Inc. has a 12 month low of $181.25 and a 12 month high of $231.25.

Ecolab (NYSE:ECL) last announced its quarterly earnings results on Tuesday, July 27th. The basic materials company reported $1.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.18 by $0.04. Ecolab had a net margin of 8.66% and a return on equity of 20.14%. The firm had revenue of $3.16 billion during the quarter, compared to the consensus estimate of $3.11 billion. During the same period last year, the firm posted $0.65 EPS. The firm’s quarterly revenue was up 17.8% on a year-over-year basis. Equities research analysts expect that Ecolab Inc. will post 5.04 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, October 15th. Stockholders of record on Tuesday, September 14th will be paid a $0.48 dividend. The ex-dividend date is Monday, September 13th. This represents a $1.92 annualized dividend and a dividend yield of 0.86%. Ecolab’s dividend payout ratio (DPR) is currently 47.76%.

A number of analysts recently issued reports on the company. Boenning Scattergood reissued an “outperform” rating on shares of Ecolab in a research report on Wednesday. Royal Bank of Canada started coverage on Ecolab in a research note on Thursday, September 2nd. They issued an “outperform” rating and a $260.00 price target for the company. Six research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $232.60.

In other Ecolab news, Chairman Douglas M. Baker, Jr. sold 173,036 shares of the company’s stock in a transaction on Tuesday, September 14th. The shares were sold at an average price of $223.54, for a total transaction of $38,680,467.44. Following the completion of the sale, the chairman now owns 796,963 shares in the company, valued at approximately $178,153,109.02. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Timothy P. Mulhere sold 20,194 shares of Ecolab stock in a transaction on Friday, August 20th. The stock was sold at an average price of $221.40, for a total value of $4,470,951.60. Following the sale, the executive vice president now directly owns 21,844 shares of the company’s stock, valued at $4,836,261.60. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 217,496 shares of company stock valued at $48,541,441. 1.05% of the stock is currently owned by corporate insiders.

Ecolab Profile

Ecolab, Inc engages in the provision of products and services in the field of water, hygiene, and energy. It operates through the following segments: Global Industrial, Global Institutional & Specialty, Global Energy & Life Science, and Other. The Global Industrial segment consists of the water, food and beverage, paper, and downstream operating segments.

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Institutional Ownership by Quarter for Ecolab (NYSE:ECL)

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