Mitsubishi UFJ Securities Holdings Co. Ltd. Takes $94,000 Position in Ecolab Inc. (NYSE:ECL)
Mitsubishi UFJ Securities Holdings Co. Ltd. purchased a new stake in shares of Ecolab Inc. (NYSE:ECL) in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 530 shares of the basic materials company’s stock, valued at approximately $94,000.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Advisors Asset Management Inc. increased its position in shares of Ecolab by 7.2% during the fourth quarter. Advisors Asset Management Inc. now owns 30,305 shares of the basic materials company’s stock worth $4,465,000 after acquiring an additional 2,038 shares during the last quarter. Financial Gravity Companies Inc. purchased a new stake in shares of Ecolab during the fourth quarter worth about $37,000. Capital Investment Advisory Services LLC purchased a new stake in shares of Ecolab during the fourth quarter worth about $90,000. Chicago Equity Partners LLC purchased a new stake in shares of Ecolab during the fourth quarter worth about $214,000. Finally, Daiwa Securities Group Inc. increased its position in shares of Ecolab by 1.8% during the fourth quarter. Daiwa Securities Group Inc. now owns 11,087 shares of the basic materials company’s stock worth $1,634,000 after acquiring an additional 200 shares during the last quarter. Institutional investors own 75.26% of the company’s stock.
NYSE:ECL traded up $1.47 during mid-day trading on Wednesday, reaching $199.11. The stock had a trading volume of 24,602 shares, compared to its average volume of 1,036,559. The company has a market capitalization of $57.29 billion, a price-to-earnings ratio of 37.97, a price-to-earnings-growth ratio of 2.70 and a beta of 0.83. Ecolab Inc. has a 1-year low of $135.77 and a 1-year high of $200.93. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.75 and a current ratio of 1.14.
The company also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Tuesday, June 18th will be paid a $0.46 dividend. The ex-dividend date of this dividend is Monday, June 17th. This represents a $1.84 dividend on an annualized basis and a yield of 0.92%. Ecolab’s dividend payout ratio (DPR) is 35.05%.
In related news, Director Leslie S. Biller sold 9,975 shares of Ecolab stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $195.01, for a total value of $1,945,224.75. Following the completion of the transaction, the director now directly owns 49,164 shares in the company, valued at $9,587,471.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Larry L. Berger sold 12,600 shares of Ecolab stock in a transaction that occurred on Tuesday, June 4th. The shares were sold at an average price of $188.53, for a total value of $2,375,478.00. Following the completion of the transaction, the executive vice president now owns 42,032 shares of the company’s stock, valued at $7,924,292.96. The disclosure for this sale can be found here. Insiders sold 149,145 shares of company stock valued at $26,628,601 over the last quarter. Insiders own 1.52% of the company’s stock.
ECL has been the topic of a number of analyst reports. Nomura dropped their target price on Ecolab from $210.00 to $208.00 and set a “buy” rating on the stock in a research report on Thursday, May 2nd. JPMorgan Chase & Co. lowered Ecolab from an “overweight” rating to a “neutral” rating and lifted their target price for the stock from $157.00 to $167.00 in a research report on Wednesday, February 20th. Canaccord Genuity reaffirmed a “buy” rating and set a $186.00 target price (up from $160.00) on shares of Ecolab in a research report on Wednesday, February 20th. BMO Capital Markets lifted their target price on Ecolab from $169.00 to $180.00 and gave the stock a “market perform” rating in a research report on Thursday, May 2nd. Finally, UBS Group lowered Ecolab from a “buy” rating to a “neutral” rating and lifted their target price for the stock from $180.00 to $186.00 in a research report on Thursday, April 18th. Eleven analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $180.93.
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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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