Ladenburg Thalmann Financial Services Inc. Has $1.11 Million Stake in Ecolab Inc. (ECL)

Ladenburg Thalmann Financial Services Inc. decreased its position in Ecolab Inc. (NYSE:ECL) by 13.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,619 shares of the basic materials company’s stock after selling 1,344 shares during the period. Ladenburg Thalmann Financial Services Inc.’s holdings in Ecolab were worth $1,110,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the company. Rench Wealth Management Inc. grew its stake in shares of Ecolab by 0.3% in the 2nd quarter. Rench Wealth Management Inc. now owns 3,004 shares of the basic materials company’s stock valued at $399,000 after buying an additional 9 shares during the period. Green Square Capital LLC boosted its position in shares of Ecolab by 0.3% during the 2nd 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 period. Atwood & Palmer Inc. boosted its position in shares of Ecolab by 2.9% during the 2nd quarter. Atwood & Palmer Inc. now owns 892 shares of the basic materials company’s stock worth $118,000 after purchasing an additional 25 shares during the period. Progressive Investment Management Corp boosted its position in shares of Ecolab by 0.7% during the 2nd quarter. Progressive Investment Management Corp now owns 4,603 shares of the basic materials company’s stock worth $611,000 after purchasing an additional 33 shares during the period. Finally, Sandy Spring Bank boosted its position in shares of Ecolab by 0.8% during the 2nd quarter. Sandy Spring Bank now owns 4,311 shares of the basic materials company’s stock worth $572,000 after purchasing an additional 34 shares during the period. 76.54% of the stock is owned by institutional investors and hedge funds.

In other news, SVP Bruno Lavandier sold 347 shares of the firm’s stock in a transaction on Friday, December 1st. The shares were sold at an average price of $134.77, for a total value of $46,765.19. Following the sale, the senior vice president now directly owns 7,615 shares in the company, valued at approximately $1,026,273.55. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Michael A. Hickey sold 19,300 shares of the firm’s stock in a transaction on Tuesday, December 5th. The shares were sold at an average price of $137.54, for a total transaction of $2,654,522.00. Following the completion of the sale, the executive vice president now owns 43,262 shares in the company, valued at $5,950,255.48. The disclosure for this sale can be found here. Insiders sold a total of 57,446 shares of company stock worth $7,886,307 over the last 90 days. Company insiders own 1.49% of the company’s stock.

ECL has been the subject of a number of research analyst reports. Royal Bank of Canada increased their price objective on shares of Ecolab from $134.00 to $137.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 12th. Credit Suisse Group reaffirmed a “hold” rating on shares of Ecolab in a research report on Wednesday, September 6th. Instinet reaffirmed a “neutral” rating and set a $117.00 price objective (down previously from $120.00) on shares of Ecolab in a research report on Tuesday, September 12th. Robert W. Baird reaffirmed a “hold” rating and set a $140.00 price objective on shares of Ecolab in a research report on Thursday, October 12th. Finally, Canaccord Genuity reaffirmed a “buy” rating and set a $145.00 price objective on shares of Ecolab in a research report on Monday, September 11th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and seven have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $136.86.

Shares of Ecolab Inc. (NYSE ECL) opened at $135.09 on Wednesday. The stock has a market cap of $39,246.12, a P/E ratio of 29.85, a price-to-earnings-growth ratio of 2.27 and a beta of 1.05. Ecolab Inc. has a fifty-two week low of $116.92 and a fifty-two week high of $137.96. The company has a current ratio of 1.23, a quick ratio of 0.83 and a debt-to-equity ratio of 0.89.

Ecolab (NYSE:ECL) last released its earnings results on Tuesday, October 31st. The basic materials company reported $1.37 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.36 by $0.01. The company had revenue of $3.56 billion for the quarter, compared to analyst estimates of $3.55 billion. Ecolab had a net margin of 9.67% and a return on equity of 19.05%. The firm’s quarterly revenue was up 5.2% on a year-over-year basis. During the same period in the prior year, the business earned $1.28 EPS. equities analysts predict that Ecolab Inc. will post 4.7 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 16th. Shareholders of record on Tuesday, December 19th will be issued a dividend of $0.41 per share. The ex-dividend date is Monday, December 18th. This is a positive change from Ecolab’s previous quarterly dividend of $0.37. This represents a $1.64 dividend on an annualized basis and a yield of 1.21%. Ecolab’s dividend payout ratio is 33.26%.

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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.

Institutional Ownership by Quarter for Ecolab (NYSE:ECL)

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