SG Americas Securities LLC Acquires 89,490 Shares of Ecolab Inc. (NYSE:ECL)

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SG Americas Securities LLC grew its holdings in Ecolab Inc. (NYSE:ECL) by 265.0% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 123,261 shares of the basic materials company’s stock after acquiring an additional 89,490 shares during the period. SG Americas Securities LLC’s holdings in Ecolab were worth $24,337,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Greenleaf Trust raised its stake in Ecolab by 2.6% during the 2nd quarter. Greenleaf Trust now owns 3,674 shares of the basic materials company’s stock valued at $725,000 after purchasing an additional 92 shares during the last quarter. Princeton Global Asset Management LLC grew its holdings in shares of Ecolab by 7.9% in the 1st quarter. Princeton Global Asset Management LLC now owns 3,675 shares of the basic materials company’s stock worth $648,000 after purchasing an additional 270 shares during the last quarter. Neuberger Berman Group LLC grew its holdings in shares of Ecolab by 0.8% in the 1st quarter. Neuberger Berman Group LLC now owns 255,687 shares of the basic materials company’s stock worth $45,139,000 after purchasing an additional 2,065 shares during the last quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. bought a new stake in shares of Ecolab in the 1st quarter worth about $94,000. Finally, Ironwood Investment Management LLC grew its holdings in shares of Ecolab by 7.7% in the 1st quarter. Ironwood Investment Management LLC now owns 2,074 shares of the basic materials company’s stock worth $366,000 after purchasing an additional 149 shares during the last quarter. 75.30% of the stock is owned by institutional investors.

Several equities research analysts have recently weighed in on the stock. Citigroup upped their target price on shares of Ecolab from $190.00 to $206.00 and gave the stock a “neutral” rating in a report on Friday, August 2nd. BMO Capital Markets increased their price objective on shares of Ecolab from $180.00 to $208.00 and gave the stock a “market perform” rating in a report on Monday. Bank of America reissued a “buy” rating and set a $200.00 price objective (up previously from $178.00) on shares of Ecolab in a report on Wednesday, May 1st. Argus increased their price objective on shares of Ecolab from $180.00 to $200.00 and gave the stock a “buy” rating in a report on Wednesday, May 1st. Finally, Canaccord Genuity increased their price objective on shares of Ecolab from $198.00 to $222.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. Eleven investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Ecolab has a consensus rating of “Hold” and a consensus price target of $191.07.

Shares of NYSE ECL traded up $4.40 during mid-day trading on Thursday, hitting $204.59. The company’s stock had a trading volume of 18,061 shares, compared to its average volume of 1,014,875. The stock has a market capitalization of $58.94 billion, a PE ratio of 38.97, a price-to-earnings-growth ratio of 2.64 and a beta of 0.84. The company has a current ratio of 1.18, a quick ratio of 0.78 and a debt-to-equity ratio of 0.72. Ecolab Inc. has a one year low of $135.77 and a one year high of $209.24. The company has a fifty day simple moving average of $196.96.

Ecolab (NYSE:ECL) last issued its earnings results on Tuesday, July 30th. The basic materials company reported $1.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.41 by $0.01. The company had revenue of $3.76 billion for the quarter, compared to analyst estimates of $3.79 billion. Ecolab had a net margin of 10.12% and a return on equity of 19.81%. The company’s revenue for the quarter was up 1.9% on a year-over-year basis. During the same quarter last year, the firm earned $1.27 EPS. On average, equities research analysts anticipate that Ecolab Inc. will post 5.92 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Tuesday, September 17th will be paid a $0.46 dividend. This represents a $1.84 annualized dividend and a dividend yield of 0.90%. The ex-dividend date of this dividend is Monday, September 16th. Ecolab’s dividend payout ratio (DPR) is presently 35.05%.

In other news, EVP Alex N. Blanco sold 51,400 shares of the firm’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $203.07, for a total value of $10,437,798.00. Following the transaction, the executive vice president now owns 59,425 shares of the company’s stock, valued at approximately $12,067,434.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Laurie M. Marsh sold 6,300 shares of the firm’s stock in a transaction dated Tuesday, May 28th. The shares were sold at an average price of $182.04, for a total transaction of $1,146,852.00. Following the completion of the transaction, the executive vice president now directly owns 17,583 shares in the company, valued at approximately $3,200,809.32. The disclosure for this sale can be found here. Insiders sold a total of 95,650 shares of company stock worth $18,898,540 in the last ninety days. Insiders own 1.52% of the company’s stock.

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.

Further Reading: What is the balance sheet?

Institutional Ownership by Quarter for Ecolab (NYSE:ECL)

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