Teacher Retirement System of Texas Boosts Holdings in Ecolab Inc. (ECL)
Teacher Retirement System of Texas boosted its position in shares of Ecolab Inc. (NYSE:ECL) by 127.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 226,959 shares of the basic materials company’s stock after buying an additional 127,112 shares during the period. Teacher Retirement System of Texas owned 0.08% of Ecolab worth $29,189,000 at the end of the most recent quarter.
Other large investors have also recently bought and sold shares of the company. TCI Wealth Advisors Inc. increased its stake in Ecolab by 4.8% during the 2nd 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 in the last quarter. Atlantic Trust LLC purchased a new stake in shares of Ecolab in the second quarter valued at approximately $106,000. IHT Wealth Management LLC grew its position 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 valued at $116,000 after purchasing an additional 38 shares in the last quarter. Harfst & Associates Inc. purchased a new stake in shares of Ecolab in the first quarter valued at approximately $117,000. Finally, Atwood & Palmer Inc. grew its position 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 valued at $118,000 after purchasing an additional 25 shares in the last quarter. Institutional investors own 75.70% of the company’s stock.
In other news, Director David Maclennan purchased 450 shares of the firm’s stock in a transaction on Monday, November 6th. The shares were bought 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 $199,499.78. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Thomas W. Handley sold 7,397 shares of the company’s stock in a transaction on Thursday, September 14th. The stock was sold at an average price of $130.63, for a total value 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. (NYSE ECL) traded up $1.34 during trading hours on Tuesday, reaching $131.64. The company’s stock had a trading volume of 1,072,600 shares, compared to its average volume of 925,002. 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 one year low of $113.50 and a one year high of $134.89. The firm has a market capitalization of $37,645.54, a PE ratio of 28.64, a price-to-earnings-growth ratio of 2.17 and a beta of 1.04.
Ecolab (NYSE:ECL) last released its quarterly earnings results on Tuesday, October 31st. The basic materials company reported $1.37 EPS for the quarter, topping analysts’ consensus estimates of $1.36 by $0.01. Ecolab had a return on equity of 19.05% and a net margin of 9.67%. The company had revenue of $3.56 billion for the quarter, compared to analysts’ expectations of $3.55 billion. During the same period in the prior year, the firm earned $1.28 earnings per share. The firm’s revenue was up 5.2% compared to the same quarter last year. equities analysts predict that Ecolab Inc. will post 4.7 earnings per share for the current fiscal year.
A number of research firms have recently issued reports on ECL. Credit Suisse Group restated a “hold” rating on shares of Ecolab in a research report on Wednesday, September 6th. Stifel Nicolaus restated a “hold” rating and issued a $130.00 price target on shares of Ecolab in a research report on Thursday, August 3rd. Robert W. Baird restated a “hold” rating and issued a $140.00 price target on shares of Ecolab in a research report on Thursday, October 12th. Zacks Investment Research lowered Ecolab from a “buy” rating to a “hold” rating in a research report on Thursday, July 27th. Finally, Royal Bank Of Canada upped their price target on Ecolab from $137.00 to $143.00 and gave the company an “outperform” rating in a research report on Tuesday, November 7th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and seven have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $136.86.
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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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