Victory Capital Management Inc. raised its holdings in Ecolab Inc. (NYSE:ECL) by 10.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 32,816 shares of the basic materials company’s stock after purchasing an additional 3,038 shares during the period. Victory Capital Management Inc.’s holdings in Ecolab were worth $4,403,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also made changes to their positions in the company. Cerebellum GP LLC acquired a new position in shares of Ecolab in the 4th quarter valued at approximately $174,000. Chelsea Counsel Co. acquired a new position in shares of Ecolab in the 4th quarter valued at approximately $201,000. Wesbanco Bank Inc. acquired a new position in shares of Ecolab in the 4th quarter valued at approximately $201,000. Conestoga Capital Advisors LLC acquired a new position in shares of Ecolab in the 4th quarter valued at approximately $205,000. Finally, Private Vista LLC acquired a new position in shares of Ecolab in the 3rd quarter valued at approximately $223,000. 76.52% of the stock is currently owned by institutional investors.
ECL has been the topic of a number of recent analyst reports. Stifel Nicolaus reaffirmed a “hold” rating and issued a $140.00 target price on shares of Ecolab in a research report on Wednesday, November 1st. Jefferies Group boosted their price target on Ecolab from $130.00 to $140.00 and gave the company a “hold” rating in a report on Wednesday, November 1st. Barclays boosted their price target on Ecolab from $135.00 to $145.00 and gave the company an “overweight” rating in a report on Wednesday, November 1st. UBS Group boosted their price target on Ecolab from $147.00 to $148.00 and gave the company a “buy” rating in a report on Wednesday, November 1st. Finally, Zacks Investment Research upgraded Ecolab from a “sell” rating to a “hold” rating in a report on Thursday, November 2nd. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and nine have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $140.07.
In related news, CEO Douglas M. Baker, Jr. sold 18,000 shares of the company’s stock in a transaction on Wednesday, December 6th. The stock was sold at an average price of $137.09, for a total transaction of $2,467,620.00. Following the completion of the transaction, the chief executive officer now directly owns 427,548 shares in the company, valued at approximately $58,612,555.32. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Michael A. Hickey sold 19,300 shares of the company’s stock in a transaction on Tuesday, December 5th. The stock was sold at an average price of $137.54, for a total value of $2,654,522.00. Following the transaction, the executive vice president now owns 43,262 shares of the company’s stock, valued at $5,950,255.48. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 57,446 shares of company stock valued at $7,886,307. 1.49% of the stock is owned by company insiders.
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Ecolab Company Profile
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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