Sumitomo Mitsui Trust Holdings Inc. trimmed its holdings in Ecolab Inc. (NYSE:ECL) by 1.6% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 732,006 shares of the basic materials company’s stock after selling 12,100 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc. owned 0.25% of Ecolab worth $94,143,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also made changes to their positions in the company. TCI Wealth Advisors Inc. increased its stake in shares of Ecolab by 4.8% in the second quarter. TCI Wealth Advisors Inc. now owns 763 shares of the basic materials company’s stock worth $101,000 after buying an additional 35 shares during the period. Atlantic Trust LLC purchased a new position in shares of Ecolab in the second quarter worth $106,000. IHT Wealth Management LLC increased its stake in shares of 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 buying an additional 38 shares during the period. Harfst & Associates Inc. purchased a new position in shares of Ecolab in the first quarter worth $117,000. Finally, Atwood & Palmer Inc. increased its stake in shares of Ecolab by 2.9% in the second quarter. Atwood & Palmer Inc. now owns 892 shares of the basic materials company’s stock worth $118,000 after buying an additional 25 shares during the period. Hedge funds and other institutional investors own 75.70% of the company’s stock.
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Ecolab Inc. (ECL) traded up $1.76 during trading hours on Friday, hitting $131.99. 1,423,000 shares of the stock were exchanged, compared to its average volume of 930,012. The stock has a market cap of $37,870.00, a P/E ratio of 28.62, a PEG ratio of 2.17 and a beta of 1.04. The company has a quick ratio of 0.83, a current ratio of 1.23 and a debt-to-equity ratio of 0.89. Ecolab Inc. has a 12-month low of $114.09 and a 12-month high of $134.89.
Ecolab (NYSE:ECL) last released its earnings results on Tuesday, October 31st. The basic materials company reported $1.37 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.36 by $0.01. The firm had revenue of $3.56 billion for the quarter, compared to the consensus estimate of $3.55 billion. Ecolab had a net margin of 9.67% and a return on equity of 19.05%. The company’s revenue was up 5.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.28 EPS. analysts expect that Ecolab Inc. will post 4.7 EPS for the current fiscal year.
Several brokerages recently commented on ECL. Deutsche Bank AG lifted their target price on shares of Ecolab from $132.00 to $134.00 and gave the stock a “hold” rating in a research note on Wednesday, August 2nd. Robert W. Baird reaffirmed a “hold” rating and issued a $140.00 target price on shares of Ecolab in a research note on Thursday, October 12th. Jefferies Group LLC lifted their target price on shares of Ecolab from $130.00 to $140.00 and gave the stock a “hold” rating in a research note on Wednesday, November 1st. Zacks Investment Research downgraded shares of Ecolab from a “buy” rating to a “hold” rating in a research note on Thursday, July 27th. Finally, Credit Suisse Group set a $128.00 target price on shares of Ecolab and gave the stock a “hold” rating in a research note on Thursday, August 3rd. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and seven have assigned a buy rating to the company. Ecolab currently has an average rating of “Hold” and an average price target of $136.86.
In other Ecolab news, Director David Maclennan bought 450 shares of Ecolab stock in a transaction dated Monday, November 6th. The shares were purchased at an average cost of $131.77 per share, with a total value of $59,296.50. Following the transaction, the director now directly owns 1,514 shares of the company’s stock, valued at $199,499.78. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Thomas W. Handley sold 7,397 shares of the company’s stock in a transaction dated Thursday, September 14th. The stock was sold at an average price of $130.63, for a total transaction of $966,270.11. The disclosure for this sale can be found here. 1.49% of the stock is owned by corporate insiders.
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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