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Ilmarinen Mutual Pension Insurance Co. increased its Ecolab holdings by nearly 30%, despite a slight drop in KCM's stake.
Ilmarinen Mutual Pension Insurance Co. increased its Ecolab Inc. holdings by 29.9%, acquiring 12,700 more shares, valued at $12.9 million.
Ecolab reported $1.81 earnings per share, in line with expectations, and announced a quarterly dividend of $0.65.
Despite a 2.8% decrease in KCM Investment Advisors LLC's shareholding, Ecolab has a "Moderate Buy" rating and a $289.33 target price, with a strong financial performance and a 35.23% dividend payout ratio.
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Ilmarinen Mutual Pension Insurance Co. aumentó sus participaciones en Ecolab en casi un 30 %, a pesar de una ligera caída en la participación de KCM.