Cape Cod Five Cents Savings Bank Has $7.41 Million Stock Position in Ecolab Inc. (NYSE:ECL)

Cape Cod Five Cents Savings Bank decreased its position in Ecolab Inc. (NYSE:ECL) by 4.1% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 37,539 shares of the basic materials company’s stock after selling 1,594 shares during the period. Ecolab makes up 1.1% of Cape Cod Five Cents Savings Bank’s portfolio, making the stock its 24th largest position. Cape Cod Five Cents Savings Bank’s holdings in Ecolab were worth $7,412,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in ECL. Thoroughbred Financial Services LLC grew its holdings in shares of Ecolab by 20,154.4% in the 2nd quarter. Thoroughbred Financial Services LLC now owns 587,581 shares of the basic materials company’s stock valued at $58,758,000 after buying an additional 584,680 shares during the period. BlackRock Inc. grew its holdings in shares of Ecolab by 2.6% in the 1st quarter. BlackRock Inc. now owns 17,078,831 shares of the basic materials company’s stock valued at $3,015,097,000 after buying an additional 437,110 shares during the period. FMR LLC grew its holdings in shares of Ecolab by 186.7% in the 1st quarter. FMR LLC now owns 620,059 shares of the basic materials company’s stock valued at $109,465,000 after buying an additional 403,800 shares during the period. CIBC Private Wealth Group LLC grew its holdings in shares of Ecolab by 59.3% in the 1st quarter. CIBC Private Wealth Group LLC now owns 1,083,150 shares of the basic materials company’s stock valued at $191,220,000 after buying an additional 403,326 shares during the period. Finally, California Public Employees Retirement System grew its holdings in shares of Ecolab by 22.8% in the 1st quarter. California Public Employees Retirement System now owns 1,626,210 shares of the basic materials company’s stock valued at $287,091,000 after buying an additional 301,789 shares during the period. 75.32% of the stock is owned by institutional investors.

Shares of ECL stock opened at $207.46 on Wednesday. The company has a market capitalization of $58.95 billion, a price-to-earnings ratio of 39.52, a price-to-earnings-growth ratio of 2.79 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 52 week low of $135.77 and a 52 week high of $209.24. The stock has a 50-day moving average of $198.84.

Ecolab (NYSE:ECL) last posted its quarterly 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. Ecolab had a net margin of 10.12% and a return on equity of 19.81%. The company had revenue of $3.76 billion for the quarter, compared to analyst estimates of $3.79 billion. During the same quarter in the previous year, the firm posted $1.27 earnings per share. The company’s quarterly revenue was up 1.9% compared to the same quarter last year. As a group, analysts expect that Ecolab Inc. will post 5.92 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Tuesday, September 17th will be paid a $0.46 dividend. The ex-dividend date is Monday, September 16th. This represents a $1.84 dividend on an annualized basis and a yield of 0.89%. Ecolab’s dividend payout ratio is presently 35.05%.

In other news, EVP Alex N. Blanco sold 51,400 shares of the company’s stock in a transaction on 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 completion of the sale, 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 filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Victoria Reich sold 1,500 shares of the stock in a transaction on Thursday, June 13th. The shares were sold at an average price of $199.25, for a total transaction of $298,875.00. Following the sale, the director now directly owns 20,987 shares of the company’s stock, valued at approximately $4,181,659.75. The disclosure for this sale can be found here. In the last three months, insiders sold 95,650 shares of company stock valued at $18,898,540. Corporate insiders own 1.52% of the company’s stock.

Several equities analysts have recently issued reports on ECL shares. Morgan Stanley boosted their price target on shares of Ecolab from $140.00 to $205.00 and gave the company an “equal weight” rating in a report on Monday. Nomura boosted their price target on shares of Ecolab from $208.00 to $210.00 and gave the company a “buy” rating in a report on Wednesday, August 7th. BMO Capital Markets boosted their price target on shares of Ecolab from $180.00 to $208.00 and gave the company a “market perform” rating in a report on Monday, August 5th. UBS Group set a $202.00 target price on shares of Ecolab and gave the stock a “hold” rating in a research note on Wednesday, July 31st. Finally, Canaccord Genuity upped their target price on shares of Ecolab from $198.00 to $222.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Twelve analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $192.00.

About Ecolab

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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