Ecolab Inc. (ECL) is Boston Family Office LLC’s 8th Largest Position

Boston Family Office LLC lifted its holdings in Ecolab Inc. (NYSE:ECL) by 0.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 104,324 shares of the basic materials company’s stock after buying an additional 57 shares during the period. Ecolab makes up 2.0% of Boston Family Office LLC’s holdings, making the stock its 8th biggest position. Boston Family Office LLC’s holdings in Ecolab were worth $18,417,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the company. Virtu Financial LLC purchased a new position in shares of Ecolab in the fourth quarter worth about $421,000. Bank of Montreal Can lifted its stake in shares of Ecolab by 19.8% in the fourth quarter. Bank of Montreal Can now owns 368,864 shares of the basic materials company’s stock worth $54,352,000 after buying an additional 61,073 shares in the last quarter. BB&T Corp lifted its stake in shares of Ecolab by 0.6% in the fourth quarter. BB&T Corp now owns 33,176 shares of the basic materials company’s stock worth $4,889,000 after buying an additional 205 shares in the last quarter. Tributary Capital Management LLC purchased a new position in shares of Ecolab in the fourth quarter worth about $25,000. Finally, Strs Ohio lifted its stake in shares of Ecolab by 6.2% in the fourth quarter. Strs Ohio now owns 131,970 shares of the basic materials company’s stock worth $19,445,000 after buying an additional 7,762 shares in the last quarter. 75.60% of the stock is currently owned by hedge funds and other institutional investors.

In related news, Director David Maclennan acquired 1,000 shares of Ecolab stock in a transaction dated Wednesday, March 6th. The stock was acquired at an average price of $171.05 per share, for a total transaction of $171,050.00. Following the transaction, the director now owns 2,519 shares of the company’s stock, valued at $430,874.95. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Bruno Lavandier sold 2,969 shares of the business’s stock in a transaction that occurred on Thursday, May 2nd. The stock was sold at an average price of $183.27, for a total transaction of $544,128.63. Following the sale, the senior vice president now owns 7,732 shares of the company’s stock, valued at approximately $1,417,043.64. The disclosure for this sale can be found here. Insiders have sold a total of 335,758 shares of company stock valued at $57,738,346 in the last 90 days. Insiders own 1.52% of the company’s stock.

A number of equities analysts have commented on the stock. Zacks Investment Research downgraded shares of Ecolab from a “hold” rating to a “sell” rating in a research note on Tuesday, January 29th. Boenning Scattergood reiterated a “buy” rating and set a $210.00 price target on shares of Ecolab in a research report on Tuesday, February 5th. Seaport Global Securities reiterated a “neutral” rating on shares of Ecolab in a research report on Tuesday, February 5th. JPMorgan Chase & Co. cut shares of Ecolab from an “overweight” rating to a “neutral” rating and lifted their price target for the company from $157.00 to $167.00 in a research report on Wednesday, February 20th. Finally, Canaccord Genuity reiterated a “buy” rating and set a $186.00 price target (up from $160.00) on shares of Ecolab in a research report on Wednesday, February 20th. Eleven analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $180.93.

Shares of ECL stock opened at $182.48 on Friday. The company has a quick ratio of 0.75, a current ratio of 1.14 and a debt-to-equity ratio of 0.73. The company has a market capitalization of $52.79 billion, a P/E ratio of 34.76, a price-to-earnings-growth ratio of 2.49 and a beta of 0.89. Ecolab Inc. has a fifty-two week low of $135.77 and a fifty-two week high of $186.34.

Ecolab (NYSE:ECL) last posted its quarterly earnings results on Tuesday, April 30th. The basic materials company reported $1.03 EPS for the quarter, topping the consensus estimate of $1.02 by $0.01. Ecolab had a net margin of 10.06% and a return on equity of 19.50%. The company had revenue of $3.51 billion during the quarter, compared to analysts’ expectations of $3.57 billion. During the same quarter in the previous year, the business posted $0.91 EPS. The firm’s revenue was up 1.0% on a year-over-year basis. As a group, research analysts predict that Ecolab Inc. will post 5.9 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Tuesday, June 18th will be given a dividend of $0.46 per share. The ex-dividend date is Monday, June 17th. This represents a $1.84 annualized dividend and a dividend yield of 1.01%. Ecolab’s dividend payout ratio is presently 35.05%.

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Ecolab Company Profile

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

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Institutional Ownership by Quarter for Ecolab (NYSE:ECL)

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