Telemus Capital LLC Has $405,000 Position in Ecolab Inc. (ECL)
Telemus Capital LLC increased its holdings in Ecolab Inc. (NYSE:ECL) by 23.9% in the 4th quarter, HoldingsChannel.com reports. The fund owned 3,015 shares of the basic materials company’s stock after purchasing an additional 582 shares during the quarter. Telemus Capital LLC’s holdings in Ecolab were worth $405,000 at the end of the most recent quarter.
Other institutional investors have also modified their holdings of the company. Atlantic Trust LLC purchased a new position in Ecolab in the second quarter worth approximately $106,000. IHT Wealth Management LLC grew its position in Ecolab by 4.9% in the second 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 period. Cerebellum GP LLC purchased a new position in shares of Ecolab during the fourth quarter worth $174,000. Westwood Holdings Group Inc. purchased a new position in shares of Ecolab during the second quarter worth $184,000. Finally, Chelsea Counsel Co. purchased a new position in shares of Ecolab during the fourth quarter worth $201,000. Institutional investors own 76.63% of the company’s stock.
In other Ecolab news, CFO Daniel J. Schmechel sold 1,708 shares of the firm’s stock in a transaction on Thursday, December 7th. The stock was sold at an average price of $136.30, for a total value of $232,800.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Bruno Lavandier sold 347 shares of the firm’s stock in a transaction on Friday, December 1st. The shares were sold at an average price of $134.77, for a total value 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. Insiders own 1.49% of the company’s stock.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 16th. Stockholders of record on Tuesday, December 19th were paid a $0.41 dividend. This is a boost from Ecolab’s previous quarterly dividend of $0.37. This represents a $1.64 annualized dividend and a dividend yield of 1.24%. The ex-dividend date of this dividend was Monday, December 18th. Ecolab’s dividend payout ratio (DPR) is presently 33.26%.
Several research firms have recently commented on ECL. Boenning Scattergood restated a “buy” rating on shares of Ecolab in a research report on Monday, January 22nd. Robert W. Baird restated a “hold” rating and set a $140.00 price target on shares of Ecolab in a research report on Thursday, October 12th. Credit Suisse Group raised their price target on Ecolab from $129.00 to $137.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 24th. Jefferies Group raised their price target on Ecolab from $130.00 to $140.00 and gave the stock a “hold” rating in a research report on Wednesday, November 1st. Finally, Barclays raised their price target on Ecolab from $135.00 to $145.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 1st. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and nine have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $140.07.
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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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