CGOV Asset Management Has $66.28 Million Stake in Ecolab Inc. (ECL)

CGOV Asset Management raised its holdings in shares of Ecolab Inc. (NYSE:ECL) by 0.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 394,629 shares of the basic materials company’s stock after acquiring an additional 2,695 shares during the quarter. Ecolab makes up 2.5% of CGOV Asset Management’s portfolio, making the stock its 19th largest holding. CGOV Asset Management owned 0.14% of Ecolab worth $66,282,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the company. Rench Wealth Management Inc. boosted its stake in shares of Ecolab by 0.3% during the 2nd quarter. Rench Wealth Management Inc. now owns 3,004 shares of the basic materials company’s stock worth $399,000 after acquiring an additional 9 shares during the last quarter. Green Square Capital LLC boosted its stake 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 acquiring an additional 9 shares during the last quarter. Sandy Spring Bank boosted its stake 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 acquiring an additional 34 shares during the last quarter. TCI Wealth Advisors Inc. boosted its stake in shares of Ecolab by 4.8% during the 2nd quarter. TCI Wealth Advisors Inc. now owns 763 shares of the basic materials company’s stock worth $101,000 after acquiring an additional 35 shares during the last quarter. Finally, IHT Wealth Management LLC boosted its stake in shares of Ecolab by 4.9% during the 2nd quarter. IHT Wealth Management LLC now owns 811 shares of the basic materials company’s stock worth $116,000 after acquiring an additional 38 shares during the last quarter. Institutional investors and hedge funds own 76.55% of the company’s stock.

Shares of Ecolab Inc. (NYSE ECL) traded down $1.54 during mid-day trading on Thursday, hitting $135.12. 881,000 shares of the stock traded hands, compared to its average volume of 906,529. The company has a market cap of $39,110.00, a P/E ratio of 30.43, a price-to-earnings-growth ratio of 2.03 and a beta of 1.05. Ecolab Inc. has a 12-month low of $117.33 and a 12-month high of $137.96. The company has a quick ratio of 0.83, a current ratio of 1.23 and a debt-to-equity ratio of 0.89.

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

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 16th. Shareholders of record on Tuesday, December 19th will be issued a $0.41 dividend. This is an increase 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%. The ex-dividend date of this dividend is Monday, December 18th. Ecolab’s payout ratio is currently 33.33%.

Several research analysts have recently weighed in on the stock. Citigroup cut shares of Ecolab from a “buy” rating to a “neutral” rating in a research note on Friday, January 5th. Barclays restated a “buy” rating and set a $150.00 price objective on shares of Ecolab in a research report on Wednesday, December 27th. Robert W. Baird restated a “hold” rating and set a $140.00 price objective on shares of Ecolab in a research report on Thursday, October 12th. Royal Bank of Canada raised their price objective on shares of Ecolab from $137.00 to $143.00 and gave the company an “outperform” rating in a research report on Tuesday, November 7th. Finally, Zacks Investment Research upgraded shares of Ecolab from a “sell” rating to a “hold” rating in a research report on Thursday, November 2nd. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and seven have given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $137.21.

In other Ecolab news, CFO Daniel J. Schmechel sold 1,708 shares of Ecolab stock in a transaction on Thursday, December 7th. The shares were sold at an average price of $136.30, for a total value of $232,800.40. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Bruno Lavandier sold 347 shares of Ecolab stock in a transaction on Friday, December 1st. The shares were sold at an average price of $134.77, for a total transaction of $46,765.19. Following the completion of the sale, the senior vice president now owns 7,615 shares in the company, valued at $1,026,273.55. The disclosure for this sale can be found here. Over the last quarter, insiders sold 57,446 shares of company stock worth $7,886,307. 1.49% of the stock is currently owned by insiders.

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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.

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Institutional Ownership by Quarter for Ecolab (NYSE:ECL)

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