Wambolt & Associates LLC Acquires Shares of 1,892 Ecolab Inc. (ECL)

Wambolt & Associates LLC bought a new position in shares of Ecolab Inc. (NYSE:ECL) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 1,892 shares of the basic materials company’s stock, valued at approximately $279,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ECL. Tributary Capital Management LLC acquired a new stake in Ecolab in the 4th quarter worth about $25,000. Contravisory Investment Management Inc. acquired a new position in Ecolab during the fourth quarter worth $42,000. Moody National Bank Trust Division acquired a new stake in Ecolab during the 4th quarter worth approximately $83,000. Gradient Investments LLC raised its position in Ecolab by 37.6% in the fourth quarter. Gradient Investments LLC now owns 633 shares of the basic materials company’s stock valued at $93,000 after purchasing an additional 173 shares during the period. Finally, We Are One Seven LLC bought a new position in shares of Ecolab in the fourth quarter valued at $102,000. Hedge funds and other institutional investors own 77.29% of the company’s stock.

Shares of ECL stock opened at $162.65 on Thursday. The company has a market capitalization of $46.47 billion, a price-to-earnings ratio of 34.68, a P/E/G ratio of 2.10 and a beta of 0.89. Ecolab Inc. has a twelve month low of $127.23 and a twelve month high of $163.78. The company has a current ratio of 1.34, a quick ratio of 0.90 and a debt-to-equity ratio of 0.79.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 15th. Shareholders of record on Tuesday, December 18th were given a dividend of $0.46 per share. The ex-dividend date of this dividend was Monday, December 17th. This is a boost from Ecolab’s previous quarterly dividend of $0.41. This represents a $1.84 annualized dividend and a yield of 1.13%. Ecolab’s payout ratio is 39.23%.

A number of analysts have recently commented on the stock. Bank of America assumed coverage on shares of Ecolab in a report on Tuesday, October 23rd. They set a “buy” rating and a $123.00 target price on the stock. Barclays boosted their target price on shares of Ecolab from $150.00 to $165.00 and gave the company an “overweight” rating in a research report on Wednesday, October 24th. JPMorgan Chase & Co. upgraded Ecolab from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $147.00 to $157.00 in a research report on Wednesday, October 31st. BMO Capital Markets increased their price target on shares of Ecolab from $151.00 to $159.00 and gave the stock a “hold” rating in a research report on Thursday, November 1st. Finally, Deutsche Bank increased their price objective on shares of Ecolab from $150.00 to $162.00 and gave the company a “hold” rating in a report on Monday, November 5th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $159.36.

In other news, Director Leslie S. Biller sold 2,811 shares of the stock in a transaction on Friday, November 30th. The shares were sold at an average price of $160.40, for a total transaction of $450,884.40. Following the completion of the sale, the director now directly owns 57,842 shares in the company, valued at $9,277,856.80. The transaction was disclosed in a filing with the SEC, which is available at this link. 1.50% of the stock is currently owned by corporate insiders.

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About Ecolab

Ecolab Inc provides water, hygiene, and energy technologies and services for customers worldwide. The company operates through Global Industrial, Global Institutional, and Global Energy segments. The Global Industrial segment provides water treatment and process applications, and cleaning and sanitizing solutions primarily to large industrial customers within the manufacturing, food and beverage processing, chemical, mining and primary metals, power generation, pulp and paper, and commercial laundry industries.

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Institutional Ownership by Quarter for Ecolab (NYSE:ECL)

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