Cim LLC Has $11.36 Million Holdings in Ecolab Inc. (ECL)

Cim LLC grew its position in Ecolab Inc. (NYSE:ECL) by 0.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 64,344 shares of the basic materials company’s stock after acquiring an additional 240 shares during the quarter. Ecolab comprises approximately 4.2% of Cim LLC’s portfolio, making the stock its 8th biggest position. Cim LLC’s holdings in Ecolab were worth $11,359,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of ECL. Oregon Public Employees Retirement Fund boosted its holdings in shares of Ecolab by 14,455.4% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 4,084,837 shares of the basic materials company’s stock valued at $28,000 after acquiring an additional 4,056,773 shares during the period. Norges Bank acquired a new stake in Ecolab in the fourth quarter valued at $261,004,000. 1832 Asset Management L.P. lifted its holdings in Ecolab by 8,750.5% in the fourth quarter. 1832 Asset Management L.P. now owns 992,404 shares of the basic materials company’s stock valued at $145,953,000 after acquiring an additional 981,191 shares during the period. BlackRock Inc. lifted its holdings in Ecolab by 4.1% in the fourth quarter. BlackRock Inc. now owns 16,641,721 shares of the basic materials company’s stock valued at $2,452,158,000 after acquiring an additional 656,297 shares during the period. Finally, California Public Employees Retirement System lifted its holdings in Ecolab by 43.8% in the fourth quarter. California Public Employees Retirement System now owns 1,324,421 shares of the basic materials company’s stock valued at $195,153,000 after acquiring an additional 403,454 shares during the period. 76.54% of the stock is owned by institutional investors and hedge funds.

A number of equities research analysts have commented on the company. Canaccord Genuity reissued a “buy” rating and issued a $186.00 target price (up previously from $160.00) on shares of Ecolab in a report on Wednesday, February 20th. Nomura reduced their target price on Ecolab from $210.00 to $208.00 and set a “buy” rating for the company in a report on Thursday, May 2nd. BMO Capital Markets raised their target price on Ecolab from $169.00 to $180.00 and gave the company a “market perform” rating in a report on Thursday, May 2nd. Zacks Investment Research downgraded Ecolab from a “hold” rating to a “sell” rating in a report on Wednesday, April 24th. Finally, Robert W. Baird set a $166.00 target price on Ecolab and gave the company a “hold” rating in a report on Wednesday, February 20th. Eleven equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Ecolab currently has an average rating of “Hold” and a consensus target price of $180.93.

In related news, CFO Daniel J. Schmechel sold 9,799 shares of Ecolab stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $169.93, for a total transaction of $1,665,144.07. Following the completion of the sale, the chief financial officer now owns 171,040 shares in the company, valued at approximately $29,064,827.20. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Douglas M. Baker, Jr. sold 157,125 shares of Ecolab stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $170.14, for a total value of $26,733,247.50. Following the sale, the chief executive officer now owns 536,060 shares of the company’s stock, valued at approximately $91,205,248.40. The disclosure for this sale can be found here. In the last 90 days, insiders sold 335,758 shares of company stock valued at $57,738,346. Company insiders own 1.52% of the company’s stock.

Shares of ECL stock traded up $0.59 during mid-day trading on Wednesday, reaching $179.84. The stock had a trading volume of 6,780 shares, compared to its average volume of 945,409. Ecolab Inc. has a 12-month low of $135.77 and a 12-month high of $186.34. The stock has a market cap of $51.37 billion, a P/E ratio of 34.19, a P/E/G ratio of 2.42 and a beta of 0.89. The company has a quick ratio of 0.75, a current ratio of 1.14 and a debt-to-equity ratio of 0.73.

Ecolab (NYSE:ECL) last announced its quarterly earnings results on Tuesday, April 30th. The basic materials company reported $1.03 earnings per share for the quarter, beating analysts’ consensus estimates of $1.02 by $0.01. Ecolab had a return on equity of 19.50% and a net margin of 10.06%. The business had revenue of $3.51 billion during the quarter, compared to analysts’ expectations of $3.57 billion. During the same quarter last year, the business posted $0.91 earnings per share. The business’s revenue for the quarter was up 1.0% on a year-over-year basis. On average, sell-side analysts anticipate that Ecolab Inc. will post 5.91 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Tuesday, June 18th will be given a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.02%. The ex-dividend date of this dividend is Monday, June 17th. Ecolab’s dividend payout ratio is currently 35.05%.

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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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