Todays Report: The North Star Asset Management Inc. decides to keep it stake in Ecolab Inc. (ECL) to the level of $7,017,000

The North Star Asset Management Inc. decides to keep it stake in Ecolab Inc. (ECL) to the level of $7,017,000

North Star Asset Management Inc. increased its stake in Ecolab Inc. (NYSE:ECL) by 6.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 59,166 shares of the company’s stock after buying an additional 3,387 shares during the period. North Star Asset Management Inc.’s holdings in Ecolab were worth $7,017,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Nordea Investment Management AB boosted its position in Ecolab by 1.8% in the second quarter. Nordea Investment Management AB now owns 37,520 shares of the company’s stock valued at $4,450,000 after buying an additional 660 shares during the last quarter. CAM Group Holding A S boosted its position in Ecolab by 3.2% in the second quarter. CAM Group Holding A S now owns 3,018,465 shares of the company’s stock valued at $357,990,000 after buying an additional 94,504 shares during the last quarter. Sumitomo Mitsui Asset Management Company LTD boosted its position in Ecolab by 0.3% in the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 113,423 shares of the company’s stock valued at $13,451,000 after buying an additional 293 shares during the last quarter. GW Henssler & Associates Ltd. boosted its position in Ecolab by 3.7% in the second quarter. GW Henssler & Associates Ltd. now owns 86,578 shares of the company’s stock valued at $10,268,000 after buying an additional 3,100 shares during the last quarter. Finally, Hedeker Wealth LLC acquired a new position in Ecolab during the second quarter valued at about $1,082,000. 74.80% of the stock is owned by hedge funds and other institutional investors.

Ecolab Inc. (NYSE:ECL) traded up 0.08% during trading on Friday, hitting $117.10. The stock had a trading volume of 233,898 shares. The company has a 50 day moving average of $120.21 and a 200-day moving average of $118.47. Ecolab Inc. has a 12-month low of $98.62 and a 12-month high of $124.60. The company has a market cap of $34.15 billion, a P/E ratio of 36.72 and a beta of 0.87.

Ecolab (NYSE:ECL) last posted its earnings results on Tuesday, August 2nd. The company reported $1.08 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.08. The firm had revenue of $3.32 billion for the quarter, compared to analyst estimates of $3.33 billion. Ecolab had a return on equity of 19.24% and a net margin of 7.20%. The company’s revenue for the quarter was down 2.1% on a year-over-year basis. During the same period in the previous year, the company posted $1.08 earnings per share. On average, equities analysts predict that Ecolab Inc. will post $4.44 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, October 17th. Shareholders of record on Tuesday, September 20th will be paid a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 1.20%. The ex-dividend date is Friday, September 16th. Ecolab’s dividend payout ratio is 43.89%.

Several research analysts have issued reports on the company. Oppenheimer Holdings Inc. increased their price objective on Ecolab from $120.00 to $129.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 3rd. Barclays PLC increased their price objective on Ecolab from $120.00 to $135.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 3rd. Canaccord Genuity increased their price objective on Ecolab from $126.00 to $135.00 and gave the stock a “buy” rating in a research report on Wednesday, August 3rd. Credit Suisse Group AG reiterated a “hold” rating and issued a $120.00 price objective on shares of Ecolab in a research report on Wednesday, August 3rd. Finally, Citigroup Inc. upgraded Ecolab from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $127.00 to $141.00 in a research report on Wednesday, August 3rd. Two analysts have rated the stock with a sell rating, five have given a hold rating and twelve have given a buy rating to the company’s stock. Ecolab has a consensus rating of “Buy” and an average price target of $127.68.

In other Ecolab news, EVP Michael A. Hickey sold 17,761 shares of Ecolab stock in a transaction dated Monday, August 29th. The stock was sold at an average price of $123.90, for a total value of $2,200,587.90. Following the sale, the executive vice president now owns 61,342 shares of the company’s stock, valued at approximately $7,600,273.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Christophe Beck sold 5,789 shares of Ecolab stock in a transaction dated Wednesday, September 7th. The shares were sold at an average price of $122.70, for a total value of $710,310.30. Following the completion of the sale, the executive vice president now directly owns 32,475 shares in the company, valued at approximately $3,984,682.50. The disclosure for this sale can be found here. 1.50% of the stock is owned by company insiders.

About Ecolab

Ecolab Inc provides water, hygiene and energy technologies and services. The Company’s segments include Global Industrial, Global Institutional, Global Energy, Other and Corporate. The Global Industrial segment consists of the Water, Food and Beverage, Paper and Textile Care operating units. The Global Institutional segment consists of the Institutional, Specialty and Healthcare operating units.

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