State Street Corp Has $2.70 Billion Position in Ecolab Inc. (NYSE:ECL)

State Street Corp lifted its stake in shares of Ecolab Inc. (NYSE:ECLGet Rating) by 1.7% during the fourth quarter, Holdings Channel reports. The fund owned 11,479,305 shares of the basic materials company’s stock after buying an additional 191,446 shares during the quarter. State Street Corp’s holdings in Ecolab were worth $2,698,604,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the stock. Arlington Partners LLC lifted its position in shares of Ecolab by 13.0% during the 4th quarter. Arlington Partners LLC now owns 469 shares of the basic materials company’s stock valued at $110,000 after acquiring an additional 54 shares during the period. Eagle Bay Advisors LLC raised its holdings in Ecolab by 28.3% during the fourth quarter. Eagle Bay Advisors LLC now owns 245 shares of the basic materials company’s stock worth $58,000 after buying an additional 54 shares during the last quarter. Capital Advisors Ltd. LLC raised its holdings in Ecolab by 10.5% during the fourth quarter. Capital Advisors Ltd. LLC now owns 580 shares of the basic materials company’s stock worth $136,000 after buying an additional 55 shares during the last quarter. Chicago Capital LLC raised its holdings in Ecolab by 0.7% during the fourth quarter. Chicago Capital LLC now owns 8,990 shares of the basic materials company’s stock worth $2,109,000 after buying an additional 59 shares during the last quarter. Finally, Rational Advisors LLC raised its holdings in Ecolab by 133.3% during the fourth quarter. Rational Advisors LLC now owns 105 shares of the basic materials company’s stock worth $25,000 after buying an additional 60 shares during the last quarter. Institutional investors own 75.04% of the company’s stock.

ECL has been the topic of several research reports. JPMorgan Chase & Co. upgraded shares of Ecolab from a “neutral” rating to an “overweight” rating and lowered their price objective for the stock from $191.00 to $190.00 in a report on Wednesday, April 27th. Bank of America upgraded shares of Ecolab from a “neutral” rating to a “buy” rating and lowered their price objective for the stock from $210.00 to $196.00 in a report on Tuesday, March 22nd. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Ecolab from $230.00 to $210.00 in a report on Thursday, February 17th. Citigroup lowered their target price on shares of Ecolab from $220.00 to $205.00 and set a “neutral” rating for the company in a report on Wednesday, February 16th. Finally, StockNews.com initiated coverage on shares of Ecolab in a report on Thursday, March 31st. They issued a “hold” rating for the company. Ten research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $203.07.

In other news, Director Tracy B. Mckibben acquired 1,475 shares of Ecolab stock in a transaction that occurred on Friday, April 29th. The stock was bought at an average price of $170.00 per share, with a total value of $250,750.00. Following the completion of the purchase, the director now owns 6,746 shares in the company, valued at $1,146,820. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director David Maclennan acquired 600 shares of Ecolab stock in a transaction that occurred on Thursday, May 5th. The shares were purchased at an average cost of $171.01 per share, with a total value of $102,606.00. Following the purchase, the director now owns 11,351 shares of the company’s stock, valued at approximately $1,941,134.51. The disclosure for this purchase can be found here. 1.04% of the stock is owned by company insiders.

NYSE ECL opened at $166.03 on Friday. Ecolab Inc. has a 52-week low of $154.31 and a 52-week high of $238.93. The company has a 50-day simple moving average of $171.48 and a 200 day simple moving average of $194.00. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.83 and a current ratio of 1.27. The company has a market capitalization of $47.43 billion, a PE ratio of 43.24, a price-to-earnings-growth ratio of 2.40 and a beta of 1.05.

Ecolab (NYSE:ECLGet Rating) last posted its quarterly earnings data on Tuesday, April 26th. The basic materials company reported $0.82 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.82. The business had revenue of $3.27 billion during the quarter, compared to the consensus estimate of $3.19 billion. Ecolab had a net margin of 8.45% and a return on equity of 19.35%. The firm’s quarterly revenue was up 13.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.81 earnings per share. As a group, analysts forecast that Ecolab Inc. will post 5.19 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 15th. Stockholders of record on Tuesday, June 21st will be paid a $0.51 dividend. The ex-dividend date is Friday, June 17th. This represents a $2.04 annualized dividend and a dividend yield of 1.23%. Ecolab’s payout ratio is 53.13%.

About Ecolab (Get Rating)

Ecolab Inc provides water, hygiene, and infection prevention solutions and services in the United States and internationally. The company operates through Global Industrial, Global Institutional & Specialty, and Global Healthcare & Life Sciences segments. The Global Industrial segment offers water treatment and process applications, and cleaning and sanitizing solutions to manufacturing, food and beverage processing, transportation, chemical, metals and mining, power generation, pulp and paper, commercial laundry, petroleum, refining, and petrochemical industries.

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Institutional Ownership by Quarter for Ecolab (NYSE:ECL)

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