Canada Pension Plan Investment Board boosted its stake in shares of Ecolab Inc. (NYSE:ECL) by 38.8% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 44,010 shares of the basic materials company’s stock after buying an additional 12,299 shares during the quarter. Canada Pension Plan Investment Board’s holdings in Ecolab were worth $5,660,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Courier Capital LLC bought a new position in Ecolab during the second quarter valued at about $282,000. Alps Advisors Inc. boosted its position in Ecolab by 21.3% during the second quarter. Alps Advisors Inc. now owns 2,134 shares of the basic materials company’s stock worth $283,000 after purchasing an additional 375 shares during the period. Stephens Inc. AR boosted its position in Ecolab by 4.7% during the second quarter. Stephens Inc. AR now owns 18,332 shares of the basic materials company’s stock worth $2,434,000 after purchasing an additional 822 shares during the period. King Luther Capital Management Corp boosted its position in Ecolab by 0.5% during the second quarter. King Luther Capital Management Corp now owns 817,279 shares of the basic materials company’s stock worth $108,494,000 after purchasing an additional 3,725 shares during the period. Finally, State Street Corp boosted its position in Ecolab by 0.3% during the first quarter. State Street Corp now owns 11,935,943 shares of the basic materials company’s stock worth $1,496,059,000 after purchasing an additional 31,277 shares during the period. Institutional investors own 75.70% of the company’s stock.
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A number of brokerages have weighed in on ECL. UBS AG reiterated a “buy” rating and set a $147.00 target price (up previously from $144.00) on shares of Ecolab in a research report on Tuesday, August 8th. Royal Bank Of Canada increased their target price on shares of Ecolab from $137.00 to $143.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 7th. BidaskClub lowered shares of Ecolab from a “sell” rating to a “strong sell” rating in a research report on Monday, August 14th. Stifel Nicolaus reiterated a “hold” rating and set a $140.00 target price on shares of Ecolab in a research report on Wednesday, November 1st. Finally, Zacks Investment Research lowered shares of Ecolab from a “hold” rating to a “sell” rating in a research report on Tuesday, October 3rd. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and seven have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $136.86.
Shares of Ecolab Inc. (ECL) opened at $131.64 on Tuesday. The firm has a market cap of $37,645.54, a P/E ratio of 28.64, a P/E/G ratio of 2.17 and a beta of 1.04. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.23 and a quick ratio of 0.83. Ecolab Inc. has a one year low of $113.50 and a one year high of $134.89.
Ecolab (NYSE:ECL) last announced its earnings results on Tuesday, October 31st. The basic materials company reported $1.37 earnings per share for the quarter, beating analysts’ consensus estimates of $1.36 by $0.01. The business 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%. Ecolab’s quarterly revenue was up 5.2% on a year-over-year basis. During the same period last year, the firm posted $1.28 earnings per share. equities analysts anticipate that Ecolab Inc. will post 4.7 EPS for the current fiscal year.
In other Ecolab news, insider Thomas W. Handley sold 7,397 shares of Ecolab stock in a transaction that occurred on Thursday, September 14th. The shares were sold at an average price of $130.63, for a total transaction of $966,270.11. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director David Maclennan purchased 450 shares of the firm’s stock in a transaction on Monday, November 6th. The shares were acquired at an average cost of $131.77 per share, for a total transaction of $59,296.50. Following the completion of the purchase, the director now directly owns 1,514 shares of the company’s stock, valued at approximately $199,499.78. The disclosure for this purchase can be found here. Company insiders own 1.49% of the company’s stock.
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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