QCI Asset Management Inc. NY increased its position in shares of Ecolab Inc. (NYSE:ECL) by 1.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 111,612 shares of the company’s stock after purchasing an additional 1,186 shares during the quarter. QCI Asset Management Inc. NY’s holdings in Ecolab were worth $14,354,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. YHB Investment Advisors Inc. lifted its position in Ecolab by 11.2% during the third quarter. YHB Investment Advisors Inc. now owns 112,974 shares of the company’s stock worth $14,530,000 after purchasing an additional 11,379 shares during the period. AKO Capital LLP acquired a new position in Ecolab during the third quarter worth about $19,074,000. C WorldWide Group Holding A S raised its stake in Ecolab by 1.8% during the third quarter. C WorldWide Group Holding A S now owns 3,769,066 shares of the company’s stock worth $484,739,000 after acquiring an additional 64,833 shares in the last quarter. Sei Investments Co. raised its stake in Ecolab by 12.0% during the third quarter. Sei Investments Co. now owns 522,579 shares of the company’s stock worth $67,209,000 after acquiring an additional 55,834 shares in the last quarter. Finally, GW Henssler & Associates Ltd. raised its stake in Ecolab by 1.1% during the third quarter. GW Henssler & Associates Ltd. now owns 94,186 shares of the company’s stock worth $12,113,000 after acquiring an additional 1,013 shares in the last quarter. 75.70% of the stock is owned by institutional investors and hedge funds.
Ecolab Inc. (ECL) traded up A$0.05 ($0.04) during trading on Monday, hitting A$130.30 ($100.23). The stock had a trading volume of 1,298,400 shares, compared to its average volume of 924,325. Ecolab Inc. has a one year low of A$113.50 ($87.31) and a one year high of A$134.89 ($103.76). The company has a debt-to-equity ratio of 0.89, a current ratio of 1.23 and a quick ratio of 0.83. The firm has a market capitalization of $37,660.00, a P/E ratio of 28.64, a P/E/G ratio of 2.17 and a beta of 1.04.
Ecolab (NYSE:ECL) last released its quarterly earnings data on Tuesday, October 31st. The company reported A$1.37 ($1.05) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of A$1.36 ($1.05) by A$0.01 ($0.01). Ecolab had a return on equity of 19.05% and a net margin of 9.67%. The company had revenue of A$3.56 billion during the quarter, compared to the consensus estimate of A$3.55 billion. During the same quarter in the prior year, the firm posted $1.28 earnings per share. The firm’s revenue was up 5.2% compared to the same quarter last year. equities research analysts predict that Ecolab Inc. will post 4.7 EPS for the current fiscal year.
ECL has been the subject of several research analyst reports. Zacks Investment Research downgraded Ecolab from a “buy” rating to a “hold” rating in a research note on Thursday, July 27th. Canaccord Genuity boosted their target price on Ecolab from $135.00 to $145.00 and gave the stock a “buy” rating in a research note on Friday, July 28th. Deutsche Bank AG boosted their target price on Ecolab from $132.00 to $134.00 and gave the stock a “hold” rating in a research note on Wednesday, August 2nd. UBS AG reissued a “buy” rating and set a $147.00 target price (up previously from $144.00) on shares of Ecolab in a research note on Wednesday, August 2nd. Finally, Stifel Nicolaus reissued a “hold” rating and set a $130.00 target price on shares of Ecolab in a research note on Thursday, August 3rd. One analyst has rated the stock with a sell rating, ten have issued a hold rating and seven have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of A$136.86 ($105.27).
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In related news, insider Thomas W. Handley sold 7,397 shares of the company’s stock in a transaction that occurred on Thursday, September 14th. The stock was sold at an average price of A$130.63 ($100.48), for a total value of A$966,270.11 ($743,284.70). The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director David Maclennan bought 450 shares of Ecolab stock in a transaction that occurred on Monday, November 6th. The stock was bought at an average price of A$131.77 ($101.36) per share, for a total transaction of A$59,296.50 ($45,612.69). Following the completion of the acquisition, the director now directly owns 1,514 shares of the company’s stock, valued at A$199,499.78 ($153,461.37). The disclosure for this purchase can be found here. Corporate 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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