M&T Bank Corp Has $15.26 Million Holdings in Ecolab Inc. (NYSE:ECL)

M&T Bank Corp decreased its holdings in Ecolab Inc. (NYSE:ECLGet Rating) by 28.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 86,460 shares of the basic materials company’s stock after selling 34,212 shares during the period. M&T Bank Corp’s holdings in Ecolab were worth $15,264,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Rational Advisors LLC grew its stake in shares of Ecolab by 133.3% in the 4th quarter. Rational Advisors LLC now owns 105 shares of the basic materials company’s stock valued at $25,000 after buying an additional 60 shares in the last quarter. US Asset Management LLC bought a new position in Ecolab in the 1st quarter worth $25,000. EverSource Wealth Advisors LLC acquired a new position in shares of Ecolab during the 4th quarter worth about $26,000. Retirement Planning Co of New England Inc. bought a new stake in shares of Ecolab in the fourth quarter valued at approximately $28,000. Finally, O Dell Group LLC grew its position in Ecolab by 62.1% in the 1st quarter. O Dell Group LLC now owns 188 shares of the basic materials company’s stock worth $33,000 after purchasing an additional 72 shares during the last quarter. 75.04% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on ECL shares. Bank of America downgraded shares of Ecolab from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $193.00 to $183.00 in a report on Wednesday, July 13th. UBS Group lowered their target price on Ecolab to $198.00 and set an “outperform” rating for the company in a research note on Wednesday, July 27th. Wells Fargo & Company initiated coverage on Ecolab in a research note on Tuesday, July 12th. They set an “overweight” rating and a $187.00 price objective for the company. Royal Bank of Canada cut their target price on shares of Ecolab from $225.00 to $190.00 in a report on Thursday, July 14th. Finally, JPMorgan Chase & Co. upgraded Ecolab from a “neutral” rating to an “overweight” rating and lowered their price target for the stock from $191.00 to $190.00 in a report on Wednesday, April 27th. Ten research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $194.12.

Ecolab Trading Down 0.2 %

Shares of Ecolab stock opened at $166.50 on Friday. Ecolab Inc. has a 52-week low of $143.82 and a 52-week high of $238.93. The stock has a market cap of $47.56 billion, a PE ratio of 43.36, a PEG ratio of 2.75 and a beta of 1.02. The firm has a 50-day moving average of $159.07 and a 200-day moving average of $169.74. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.84 and a current ratio of 1.29.

Ecolab (NYSE:ECLGet Rating) last announced its earnings results on Tuesday, July 26th. The basic materials company reported $1.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.07 by $0.03. The firm had revenue of $3.58 billion for the quarter, compared to analyst estimates of $3.48 billion. Ecolab had a net margin of 8.17% and a return on equity of 18.56%. The business’s revenue was up 13.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.22 EPS. As a group, sell-side analysts forecast that Ecolab Inc. will post 4.78 EPS for the current year.

Ecolab Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, October 17th. Stockholders of record on Tuesday, September 20th will be given a dividend of $0.51 per share. The ex-dividend date of this dividend is Monday, September 19th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.23%. Ecolab’s payout ratio is 53.13%.

Insider Transactions at Ecolab

In other Ecolab news, Director Arthur J. Higgins sold 3,200 shares of the firm’s stock in a transaction on Monday, August 1st. The stock was sold at an average price of $166.74, for a total value of $533,568.00. Following the sale, the director now owns 22,530 shares of the company’s stock, valued at approximately $3,756,652.20. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, Director Arthur J. Higgins sold 3,200 shares of the company’s stock in a transaction on Monday, August 1st. The shares were sold at an average price of $166.74, for a total transaction of $533,568.00. Following the completion of the transaction, the director now directly owns 22,530 shares in the company, valued at $3,756,652.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Michael C. Mccormick sold 3,000 shares of the firm’s stock in a transaction on Wednesday, June 8th. The shares were sold at an average price of $167.72, for a total value of $503,160.00. Following the sale, the executive vice president now directly owns 50,060 shares in the company, valued at approximately $8,396,063.20. The disclosure for this sale can be found here. 1.04% of the stock is currently owned by insiders.

Ecolab Profile

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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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