3,475 Shares in Ecolab Inc. (NYSE:ECL) Purchased by Burns J W & Co. Inc. NY

Burns J W & Co. Inc. NY purchased a new position in shares of Ecolab Inc. (NYSE:ECL) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 3,475 shares of the basic materials company’s stock, valued at approximately $688,000.

A number of other institutional investors and hedge funds have also bought and sold shares of ECL. Vanguard Group Inc. boosted its holdings in Ecolab by 1.9% in the 2nd quarter. Vanguard Group Inc. now owns 22,709,178 shares of the basic materials company’s stock valued at $4,483,701,000 after purchasing an additional 419,611 shares during the last quarter. BlackRock Inc. boosted its holdings in Ecolab by 3.4% in the 2nd quarter. BlackRock Inc. now owns 17,657,493 shares of the basic materials company’s stock valued at $3,486,296,000 after purchasing an additional 578,662 shares during the last quarter. Morgan Stanley boosted its holdings in Ecolab by 251.6% in the 2nd quarter. Morgan Stanley now owns 7,383,606 shares of the basic materials company’s stock valued at $1,457,819,000 after purchasing an additional 5,283,861 shares during the last quarter. Edgewood Management LLC boosted its holdings in Ecolab by 1.0% in the 2nd quarter. Edgewood Management LLC now owns 6,535,415 shares of the basic materials company’s stock valued at $1,290,352,000 after purchasing an additional 64,560 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its holdings in Ecolab by 0.8% in the 2nd quarter. Wells Fargo & Company MN now owns 1,993,368 shares of the basic materials company’s stock valued at $393,570,000 after purchasing an additional 16,768 shares during the last quarter. Hedge funds and other institutional investors own 75.94% of the company’s stock.

In other Ecolab news, EVP Alex N. Blanco sold 51,400 shares of the stock in a transaction that occurred 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 sale, the executive vice president now directly 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 SEC, which is available at the SEC website. Also, EVP Darrell R. Brown sold 12,678 shares of the stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $198.09, for a total transaction of $2,511,385.02. Following the completion of the sale, the executive vice president now directly owns 21,061 shares in the company, valued at $4,171,973.49. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 66,358 shares of company stock worth $13,423,309. 1.52% of the stock is owned by insiders.

ECL traded up $3.26 during trading hours on Friday, hitting $196.45. 31,966 shares of the company’s stock were exchanged, compared to its average volume of 1,003,190. Ecolab Inc. has a 12-month low of $135.77 and a 12-month high of $209.87. The firm has a 50 day moving average of $199.41 and a 200 day moving average of $192.61. The firm has a market cap of $54.57 billion, a P/E ratio of 37.40, a price-to-earnings-growth ratio of 2.58 and a beta of 0.81. 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 (NYSE:ECL) last announced its earnings results on Tuesday, July 30th. The basic materials company reported $1.42 earnings per share for the quarter, topping 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 firm had revenue of $3.76 billion for the quarter, compared to the consensus estimate of $3.79 billion. During the same period in the prior year, the firm earned $1.27 EPS. The firm’s revenue for the quarter was up 1.9% on a year-over-year basis. As a group, research analysts expect that Ecolab Inc. will post 5.91 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Tuesday, September 17th will be paid a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a yield of 0.94%. The ex-dividend date is Monday, September 16th. Ecolab’s payout ratio is currently 35.05%.

Several brokerages have recently commented on ECL. BMO Capital Markets upped 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, August 5th. Credit Suisse Group set a $181.00 price objective on shares of Ecolab and gave the stock a “neutral” rating in a report on Wednesday, July 31st. ValuEngine lowered shares of Ecolab from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. UBS Group set a $202.00 price objective on shares of Ecolab and gave the stock a “hold” rating in a report on Wednesday, July 31st. Finally, Nomura upped their price objective on shares of Ecolab from $208.00 to $210.00 and gave the stock a “buy” rating in a report on Wednesday, August 7th. Thirteen investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Ecolab currently has an average rating of “Hold” and a consensus price target of $193.14.

Ecolab Company 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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