Migdal Insurance & Financial Holdings Ltd. Sells 820 Shares of Ecolab Inc. (ECL)

Migdal Insurance & Financial Holdings Ltd. cut its holdings in Ecolab Inc. (NYSE:ECL) by 19.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,375 shares of the basic materials company’s stock after selling 820 shares during the period. Migdal Insurance & Financial Holdings Ltd.’s holdings in Ecolab were worth $444,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of the business. Cubist Systematic Strategies LLC lifted its stake in Ecolab by 180.7% in the second quarter. Cubist Systematic Strategies LLC now owns 15,102 shares of the basic materials company’s stock worth $2,005,000 after purchasing an additional 9,722 shares during the last quarter. Green Square Capital LLC lifted its stake in Ecolab by 0.3% in the second quarter. Green Square Capital LLC now owns 2,836 shares of the basic materials company’s stock worth $377,000 after purchasing an additional 9 shares during the last quarter. Peapack Gladstone Financial Corp lifted its stake in Ecolab by 0.9% in the second quarter. Peapack Gladstone Financial Corp now owns 16,319 shares of the basic materials company’s stock worth $2,166,000 after purchasing an additional 150 shares during the last quarter. FTB Advisors Inc. lifted its stake in Ecolab by 4.6% in the second quarter. FTB Advisors Inc. now owns 27,028 shares of the basic materials company’s stock worth $3,586,000 after purchasing an additional 1,183 shares during the last quarter. Finally, Janus Henderson Group PLC lifted its stake in Ecolab by 23.8% in the second quarter. Janus Henderson Group PLC now owns 182,312 shares of the basic materials company’s stock worth $24,201,000 after purchasing an additional 35,028 shares during the last quarter. 75.42% of the stock is owned by institutional investors and hedge funds.

Several analysts have weighed in on ECL shares. Canaccord Genuity reissued a “buy” rating and issued a $145.00 price target on shares of Ecolab in a research note on Monday, September 11th. UBS AG reissued a “buy” rating and issued a $147.00 price target (up from $144.00) on shares of Ecolab in a research note on Wednesday, August 2nd. Morgan Stanley started coverage on shares of Ecolab in a research note on Tuesday, August 15th. They issued an “equal weight” rating and a $140.00 price target for the company. Deutsche Bank AG boosted their price target on shares of Ecolab from $132.00 to $134.00 and gave the stock a “hold” rating in a research note on Wednesday, August 2nd. Finally, Zacks Investment Research downgraded shares of Ecolab from a “buy” rating to a “hold” rating in a research note on Thursday, July 27th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $133.77.

Shares of Ecolab Inc. (NYSE ECL) traded up 0.48% during trading on Tuesday, hitting $132.69. 103,471 shares of the stock traded hands. The firm’s 50-day moving average price is $130.92 and its 200-day moving average price is $130.14. Ecolab Inc. has a 12 month low of $110.65 and a 12 month high of $134.89. The stock has a market cap of $38.40 billion, a PE ratio of 30.34 and a beta of 0.98.

Ecolab (NYSE:ECL) last announced its quarterly earnings data on Tuesday, August 1st. The basic materials company reported $1.13 earnings per share for the quarter, beating analysts’ consensus estimates of $1.12 by $0.01. Ecolab had a net margin of 9.66% and a return on equity of 18.93%. The company had revenue of $3.46 billion during the quarter, compared to analyst estimates of $3.40 billion. During the same quarter last year, the business posted $1.08 EPS. The firm’s revenue for the quarter was up 4.4% on a year-over-year basis. Analysts anticipate that Ecolab Inc. will post $4.73 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Tuesday, September 19th will be issued a dividend of $0.37 per share. The ex-dividend date of this dividend is Monday, September 18th. This represents a $1.48 dividend on an annualized basis and a yield of 1.12%. Ecolab’s payout ratio is 33.79%.

ILLEGAL ACTIVITY NOTICE: “Migdal Insurance & Financial Holdings Ltd. Sells 820 Shares of Ecolab Inc. (ECL)” was first published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this news story on another website, it was stolen and reposted in violation of US and international copyright & trademark laws. The correct version of this news story can be accessed at https://ledgergazette.com/2017/10/10/migdal-insurance-financial-holdings-ltd-sells-820-shares-of-ecolab-inc-ecl.html.

In related news, major shareholder William H. Gates III acquired 75,500 shares of the firm’s stock in a transaction that occurred on Thursday, August 3rd. The stock was bought at an average price of $132.57 per share, for a total transaction of $10,009,035.00. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, insider Thomas W. Handley sold 7,397 shares of Ecolab stock in a transaction dated Thursday, September 14th. The shares were sold at an avera

A number of other institutional investors have also bought and sold shares of the business. Cubist Systematic Strategies LLC lifted its stake in Ecolab by 180.7% in the second quarter. Cubist Systematic Strategies LLC now owns 15,102 shares of the basic materials company’s stock worth $2,005,000 after purchasing an additional 9,722 shares during the last quarter. Green Square Capital LLC lifted its stake in Ecolab by 0.3% in the second quarter. Green Square Capital LLC now owns 2,836 shares of the basic materials company’s stock worth $377,000 after purchasing an additional 9 shares during the last quarter. Peapack Gladstone Financial Corp lifted its stake in Ecolab by 0.9% in the second quarter. Peapack Gladstone Financial Corp now owns 16,319 shares of the basic materials company’s stock worth $2,166,000 after purchasing an additional 150 shares during the last quarter. FTB Advisors Inc. lifted its stake in Ecolab by 4.6% in the second quarter. FTB Advisors Inc. now owns 27,028 shares of the basic materials company’s stock worth $3,586,000 after purchasing an additional 1,183 shares during the last quarter. Finally, Janus Henderson Group PLC lifted its stake in Ecolab by 23.8% in the second quarter. Janus Henderson Group PLC now owns 182,312 shares of the basic materials company’s stock worth $24,201,000 after purchasing an additional 35,028 shares during the last quarter. 75.42% of the stock is owned by institutional investors and hedge funds.

Several analysts have weighed in on ECL shares. Canaccord Genuity reissued a “buy” rating and issued a $145.00 price target on shares of Ecolab in a research note on Monday, September 11th. UBS AG reissued a “buy” rating and issued a $147.00 price target (up from $144.00) on shares of Ecolab in a research note on Wednesday, August 2nd. Morgan Stanley started coverage on shares of Ecolab in a research note on Tuesday, August 15th. They issued an “equal weight” rating and a $140.00 price target for the company. Deutsche Bank AG boosted their price target on shares of Ecolab from $132.00 to $134.00 and gave the stock a “hold” rating in a research note on Wednesday, August 2nd. Finally, Zacks Investment Research downgraded shares of Ecolab from a “buy” rating to a “hold” rating in a research note on Thursday, July 27th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $133.77.

Shares of Ecolab Inc. (NYSE ECL) traded up 0.48% during trading on Tuesday, hitting $132.69. 103,471 shares of the stock traded hands. The firm’s 50-day moving average price is $130.92 and its 200-day moving average price is $130.14. Ecolab Inc. has a 12 month low of $110.65 and a 12 month high of $134.89. The stock has a market cap of $38.40 billion, a PE ratio of 30.34 and a beta of 0.98.

Ecolab (NYSE:ECL) last announced its quarterly earnings data on Tuesday, August 1st. The basic materials company reported $1.13 earnings per share for the quarter, beating analysts’ consensus estimates of $1.12 by $0.01. Ecolab had a net margin of 9.66% and a return on equity of 18.93%. The company had revenue of $3.46 billion during the quarter, compared to analyst estimates of $3.40 billion. During the same quarter last year, the business posted $1.08 EPS. The firm’s revenue for the quarter was up 4.4% on a year-over-year basis. Analysts anticipate that Ecolab Inc. will post $4.73 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Tuesday, September 19th will be issued a dividend of $0.37 per share. The ex-dividend date of this dividend is Monday, September 18th. This represents a $1.48 dividend on an annualized basis and a yield of 1.12%. Ecolab’s payout ratio is 33.79%.

ILLEGAL ACTIVITY NOTICE: “Migdal Insurance & Financial Holdings Ltd. Sells 820 Shares of Ecolab Inc. (ECL)” was first published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this news story on another website, it was stolen and reposted in violation of US and international copyright & trademark laws. The correct version of this news story can be accessed at https://ledgergazette.com/2017/10/10/migdal-insurance-financial-holdings-ltd-sells-820-shares-of-ecolab-inc-ecl.html.

In related news, major shareholder William H. Gates III acquired 75,500 shares of the firm’s stock in a transaction that occurred on Thursday, August 3rd. The stock was bought at an average price of $132.57 per share, for a total transaction of $10,009,035.00. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, insider Thomas W. Handley sold 7,397 shares of Ecolab stock in a transaction dated Thursday, September 14th. The shares were sold at an average price of $130.63, for a total transaction of $966,270.11. The disclosure for this sale can be found here. Company insiders own 1.49% of the company’s stock.

Ecolab Company Profile

Ecolab Inc provides water, hygiene and energy technologies and services. The Company’s cleaning and sanitizing programs and products, pest elimination services and equipment maintenance and repair services support customers in the foodservice, food and beverage processing, hospitality, healthcare, government and education, retail, textile care and commercial facilities management sectors in over 170 countries.

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Institutional Ownership by Quarter for Ecolab (NYSE:ECL)

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