Bank of Montreal Can Acquires 63,278 Shares of Ecolab Inc. (ECL)

Bank of Montreal Can raised its holdings in Ecolab Inc. (NYSE:ECL) by 31.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 263,448 shares of the basic materials company’s stock after purchasing an additional 63,278 shares during the period. Bank of Montreal Can’s holdings in Ecolab were worth $35,350,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Green Square Capital LLC lifted its stake in shares of Ecolab by 0.3% during the second quarter. Green Square Capital LLC now owns 2,836 shares of the basic materials company’s stock valued at $377,000 after buying an additional 9 shares during the period. IHT Wealth Management LLC lifted its stake in shares of Ecolab by 4.9% during the second quarter. IHT Wealth Management LLC now owns 811 shares of the basic materials company’s stock valued at $116,000 after buying an additional 38 shares during the period. Aldebaran Financial Inc. lifted its stake in shares of Ecolab by 0.9% during the second quarter. Aldebaran Financial Inc. now owns 11,471 shares of the basic materials company’s stock valued at $1,523,000 after buying an additional 100 shares during the period. Kingfisher Capital LLC lifted its stake in shares of Ecolab by 1.0% during the second quarter. Kingfisher Capital LLC now owns 11,867 shares of the basic materials company’s stock valued at $1,575,000 after buying an additional 122 shares during the period. Finally, Peapack Gladstone Financial Corp lifted its stake in shares of Ecolab by 0.9% during the second quarter. Peapack Gladstone Financial Corp now owns 16,319 shares of the basic materials company’s stock valued at $2,166,000 after buying an additional 150 shares during the period. 76.60% of the stock is currently owned by institutional investors.

In related news, Director David Maclennan purchased 450 shares of the company’s stock in a transaction that occurred on Monday, November 6th. The stock was purchased at an average price of $131.77 per share, with a total value of $59,296.50. Following the completion of the transaction, the director now owns 1,514 shares of the company’s stock, valued at approximately $199,499.78. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Bruno Lavandier sold 347 shares of the company’s stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $134.77, for a total transaction of $46,765.19. Following the transaction, the senior vice president now directly owns 7,615 shares of the company’s stock, valued at approximately $1,026,273.55. The disclosure for this sale can be found here. Insiders have sold 57,446 shares of company stock valued at $7,886,307 in the last ninety days. 1.49% of the stock is currently owned by company insiders.

ECL has been the topic of several recent analyst reports. Barclays reissued a “buy” rating and set a $150.00 price objective on shares of Ecolab in a research note on Wednesday, December 27th. Zacks Investment Research raised shares of Ecolab from a “sell” rating to a “hold” rating in a research note on Thursday, November 2nd. Royal Bank of Canada upped their price objective on shares of Ecolab from $137.00 to $143.00 and gave the company an “outperform” rating in a research note on Tuesday, November 7th. Jefferies Group upped their price objective on shares of Ecolab from $130.00 to $140.00 and gave the company a “hold” rating in a research note on Wednesday, November 1st. Finally, Robert W. Baird reissued a “hold” rating and set a $140.00 price objective on shares of Ecolab in a research note on Thursday, October 12th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and eight have issued a buy rating to the stock. Ecolab presently has a consensus rating of “Hold” and an average target price of $137.21.

Ecolab Inc. (NYSE ECL) opened at $140.34 on Tuesday. Ecolab Inc. has a 52-week low of $118.10 and a 52-week high of $140.43. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.83 and a current ratio of 1.23. The company has a market cap of $40,550.00, a P/E ratio of 31.61, a P/E/G ratio of 2.06 and a beta of 1.05.

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

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 16th. Investors of record on Tuesday, December 19th were given a dividend of $0.41 per share. This is a positive change from Ecolab’s previous quarterly dividend of $0.37. The ex-dividend date was Monday, December 18th. This represents a $1.64 annualized dividend and a yield of 1.17%. Ecolab’s dividend payout ratio is 33.33%.

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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.

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Institutional Ownership by Quarter for Ecolab (NYSE:ECL)

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