Ecolab Inc. (ECL) Position Held by Intact Investment Management Inc.

Intact Investment Management Inc. held its stake in Ecolab Inc. (NYSE:ECL) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,200 shares of the basic materials company’s stock at the end of the second quarter. Intact Investment Management Inc.’s holdings in Ecolab were worth $292,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Guardian Life Insurance Co. of America lifted its holdings in Ecolab by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 1,012 shares of the basic materials company’s stock worth $127,000 after acquiring an additional 7 shares during the last quarter. Rench Wealth Management Inc. lifted its holdings in Ecolab by 0.3% in the first quarter. Rench Wealth Management Inc. now owns 2,995 shares of the basic materials company’s stock worth $375,000 after acquiring an additional 9 shares during the last quarter. Ironwood Investment Management LLC lifted its holdings in Ecolab by 0.7% in the second quarter. Ironwood Investment Management LLC now owns 2,708 shares of the basic materials company’s stock worth $359,000 after acquiring an additional 19 shares during the last quarter. JNBA Financial Advisors lifted its holdings in Ecolab by 2.5% in the first quarter. JNBA Financial Advisors now owns 871 shares of the basic materials company’s stock worth $109,000 after acquiring an additional 21 shares during the last quarter. Finally, Atwood & Palmer Inc. lifted its holdings in Ecolab by 2.9% in the second quarter. Atwood & Palmer Inc. now owns 892 shares of the basic materials company’s stock worth $118,000 after acquiring an additional 25 shares during the last quarter. 75.53% of the stock is currently owned by hedge funds and other institutional investors.

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A number of brokerages have issued reports on ECL. UBS AG reissued a “buy” rating and issued a $147.00 target price (up previously from $144.00) on shares of Ecolab in a report on Tuesday, August 8th. Jefferies Group LLC reissued a “hold” rating and issued a $130.00 target price on shares of Ecolab in a report on Wednesday, August 16th. BidaskClub cut shares of Ecolab from a “sell” rating to a “strong sell” rating in a report on Monday, August 14th. Deutsche Bank AG raised their target price on shares of Ecolab from $132.00 to $134.00 and gave the stock a “hold” rating in a report on Wednesday, August 2nd. Finally, Stifel Nicolaus reissued a “hold” rating and issued a $130.00 target price on shares of Ecolab in a report on Thursday, August 3rd. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $133.57.

In other news, major shareholder William H. Gates III purchased 75,500 shares of Ecolab stock in a transaction on Thursday, August 3rd. The shares were purchased at an average cost of $132.57 per share, for a total transaction of $10,009,035.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 1.49% of the stock is owned by insiders.

Shares of Ecolab Inc. (ECL) opened at 131.12 on Friday. The company has a market cap of $37.94 billion, a PE ratio of 29.98 and a beta of 0.99. Ecolab Inc. has a 12-month low of $110.65 and a 12-month high of $134.89. The stock’s 50 day moving average price is $131.63 and its 200-day moving average price is $129.15.

Ecolab (NYSE:ECL) last released its quarterly earnings results on Tuesday, August 1st. The basic materials company reported $1.13 EPS for the quarter, beating the Zacks’ consensus estimate of $1.12 by $0.01. The firm had revenue of $3.46 billion for the quarter, compared to analyst estimates of $3.40 billion. Ecolab had a net margin of 9.66% and a return on equity of 18.93%. The company’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same period in the previous year, the business earned $1.08 earnings per share. On average, equities research analysts forecast that Ecolab Inc. will post $4.79 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Tuesday, September 19th will be given a $0.37 dividend. The ex-dividend date is Monday, September 18th. This represents a $1.48 dividend on an annualized basis and a yield of 1.13%. Ecolab’s dividend payout ratio (DPR) is presently 33.79%.

About Ecolab

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.

Institutional Ownership by Quarter for Ecolab (NYSE:ECL)

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