Janney Montgomery Scott LLC Increases Stock Position in Ecolab Inc. (NYSE:ECL)


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Janney Montgomery Scott LLC grew its holdings in Ecolab Inc. (NYSE:ECL) by 11.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 78,916 shares of the basic materials company’s stock after purchasing an additional 7,982 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Ecolab were worth $16,894,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Pacer Advisors Inc. boosted its stake in shares of Ecolab by 25.9% in the fourth quarter. Pacer Advisors Inc. now owns 22,603 shares of the basic materials company’s stock valued at $4,890,000 after purchasing an additional 4,645 shares during the period. Capital Investment Services of America Inc. raised its holdings in Ecolab by 1.2% in the first quarter. Capital Investment Services of America Inc. now owns 119,321 shares of the basic materials company’s stock valued at $25,543,000 after acquiring an additional 1,376 shares in the last quarter. S.E.E.D. Planning Group LLC raised its holdings in Ecolab by 5.3% in the fourth quarter. S.E.E.D. Planning Group LLC now owns 16,236 shares of the basic materials company’s stock valued at $3,513,000 after acquiring an additional 810 shares in the last quarter. TRH Financial LLC raised its holdings in Ecolab by 14.1% in the fourth quarter. TRH Financial LLC now owns 12,178 shares of the basic materials company’s stock valued at $2,635,000 after acquiring an additional 1,502 shares in the last quarter. Finally, Grimes & Company Inc. raised its holdings in Ecolab by 2.7% in the fourth quarter. Grimes & Company Inc. now owns 30,587 shares of the basic materials company’s stock valued at $6,618,000 after acquiring an additional 814 shares in the last quarter. 73.58% of the stock is owned by institutional investors and hedge funds.

Several analysts recently weighed in on ECL shares. Deutsche Bank Aktiengesellschaft raised shares of Ecolab from a “hold” rating to a “buy” rating and raised their target price for the company from $225.00 to $250.00 in a report on Monday, March 29th. Morgan Stanley raised their price objective on shares of Ecolab from $210.00 to $230.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 28th. Gabelli upgraded shares of Ecolab from a “hold” rating to a “buy” rating in a research report on Friday, January 15th. JPMorgan Chase & Co. upgraded shares of Ecolab from an “underweight” rating to a “neutral” rating and set a $220.00 target price on the stock in a research report on Wednesday, April 28th. Finally, Zacks Investment Research lowered shares of Ecolab from a “buy” rating to a “hold” rating and set a $221.00 target price on the stock. in a research report on Wednesday, February 17th. Eight investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $228.00.

In other news, EVP Jill S. Wyant sold 2,613 shares of the company’s stock in a transaction that occurred on Tuesday, March 9th. The stock was sold at an average price of $214.54, for a total value of $560,593.02. Following the completion of the transaction, the executive vice president now directly owns 10,123 shares of the company’s stock, valued at $2,171,788.42. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.22% of the company’s stock.

Shares of ECL opened at $226.95 on Tuesday. The company has a market capitalization of $64.93 billion, a PE ratio of -61.50, a PEG ratio of 3.91 and a beta of 1.01. The company has a current ratio of 1.61, a quick ratio of 1.19 and a debt-to-equity ratio of 1.10. The stock’s 50-day moving average price is $217.48 and its two-hundred day moving average price is $213.38. Ecolab Inc. has a 12 month low of $181.25 and a 12 month high of $231.36.

Ecolab (NYSE:ECL) last issued its earnings results on Tuesday, April 27th. The basic materials company reported $0.81 EPS for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.01). Ecolab had a negative net margin of 8.21% and a positive return on equity of 18.14%. The firm had revenue of $2.89 billion during the quarter, compared to the consensus estimate of $2.90 billion. During the same period in the previous year, the firm earned $1.13 earnings per share. The business’s quarterly revenue was down 4.5% on a year-over-year basis. Equities research analysts predict that Ecolab Inc. will post 4.03 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 15th. Shareholders of record on Tuesday, March 16th were issued a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 0.85%. The ex-dividend date was Monday, March 15th. Ecolab’s dividend payout ratio is currently 32.99%.

About Ecolab

Ecolab Inc provides water, hygiene, and infection prevention solutions and services worldwide. Its Global Industrial segment offers water treatment and process applications, and cleaning and sanitizing solutions to manufacturing, food and beverage processing, transportation, chemical, metals and mining, power generation, pulp and paper, commercial laundry, petroleum, and petrochemical industries.

Further Reading: Green Investing

Institutional Ownership by Quarter for Ecolab (NYSE:ECL)

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