Bath Savings Trust Co Purchases 1,005 Shares of Ecolab Inc. (ECL)

Bath Savings Trust Co raised its position in shares of Ecolab Inc. (NYSE:ECL) by 1.0% during the 4th quarter, HoldingsChannel reports. The firm owned 100,503 shares of the basic materials company’s stock after purchasing an additional 1,005 shares during the period. Ecolab accounts for 3.4% of Bath Savings Trust Co’s investment portfolio, making the stock its 5th largest holding. Bath Savings Trust Co’s holdings in Ecolab were worth $13,485,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the business. Green Square Capital LLC lifted its holdings in 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 purchasing an additional 9 shares in the last quarter. Rench Wealth Management Inc. raised its position in shares of Ecolab by 0.3% during the second 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 last quarter. Sandy Spring Bank raised its position in shares of Ecolab by 0.8% during the second quarter. Sandy Spring Bank now owns 4,311 shares of the basic materials company’s stock valued at $572,000 after buying an additional 34 shares during the last quarter. TCI Wealth Advisors Inc. raised its position in shares of Ecolab by 4.8% during the second quarter. TCI Wealth Advisors Inc. now owns 763 shares of the basic materials company’s stock valued at $101,000 after buying an additional 35 shares during the last quarter. Finally, IHT Wealth Management LLC raised its position 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 last quarter. 76.55% of the stock is currently owned by institutional investors and hedge funds.

In other news, VP Larry L. Berger sold 5,197 shares of the business’s stock in a transaction on Monday, December 4th. The shares were sold at an average price of $137.37, for a total transaction of $713,911.89. Following the completion of the sale, the vice president now directly owns 33,110 shares of the company’s stock, valued at $4,548,320.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Bruno Lavandier sold 347 shares of the business’s 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 sale, the senior vice president now directly owns 7,615 shares of the company’s stock, valued at $1,026,273.55. The disclosure for this sale can be found here. Insiders have sold 57,446 shares of company stock worth $7,886,307 in the last quarter. Company insiders own 1.49% of the company’s stock.

Several equities research analysts have recently issued reports on ECL shares. UBS Group lifted their price objective on shares of Ecolab from $147.00 to $148.00 and gave the company a “buy” rating in a research report on Wednesday, November 1st. Royal Bank of Canada lifted 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. Instinet reiterated 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. Nomura reiterated a “hold” 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. Finally, Stifel Nicolaus restated a “hold” rating and issued a $140.00 price target on shares of Ecolab in a research report on Wednesday, November 1st. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $137.21.

Ecolab Inc. (ECL) traded down $0.04 during mid-day trading on Wednesday, reaching $136.66. 887,400 shares of the company’s stock were exchanged, compared to its average volume of 910,783. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.23 and a quick ratio of 0.83. Ecolab Inc. has a fifty-two week low of $117.33 and a fifty-two week high of $137.96. The company has a market capitalization of $39,230.00, a PE ratio of 30.78, a price-to-earnings-growth ratio of 2.03 and a beta of 1.05.

Ecolab (NYSE:ECL) last posted its quarterly earnings data on Tuesday, October 31st. The basic materials company reported $1.37 earnings per share for the quarter, beating the Zacks’ 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 business had revenue of $3.56 billion for the quarter, compared to analysts’ expectations of $3.55 billion. During the same quarter in the previous year, the business posted $1.28 earnings per share. The business’s revenue was up 5.2% compared to the same quarter last year. equities research analysts forecast that Ecolab Inc. will post 4.7 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Shareholders of record on Tuesday, December 19th will be given a dividend of $0.41 per share. This is a boost from Ecolab’s previous quarterly dividend of $0.37. The ex-dividend date is Monday, December 18th. This represents a $1.64 dividend on an annualized basis and a yield of 1.20%. Ecolab’s payout ratio is 33.33%.

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Ecolab 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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