Ecolab Inc. (ECL) Holdings Cut by Barrett Asset Management LLC
Barrett Asset Management LLC cut its position in Ecolab Inc. (NYSE:ECL) by 0.2% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 250,535 shares of the basic materials company’s stock after selling 420 shares during the period. Ecolab makes up about 2.3% of Barrett Asset Management LLC’s investment portfolio, making the stock its 15th largest holding. Barrett Asset Management LLC owned about 0.09% of Ecolab worth $32,221,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently modified their holdings of ECL. TCI Wealth Advisors Inc. raised its holdings in 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 last quarter. Atlantic Trust LLC purchased a new position in Ecolab in the second quarter worth about $106,000. IHT Wealth Management LLC raised its holdings in 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 last quarter. Atwood & Palmer Inc. raised its holdings in 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 last quarter. Finally, Sphera Funds Management LTD. purchased a new position in Ecolab in the second quarter worth about $133,000. 75.74% of the stock is owned by institutional investors and hedge funds.
In related news, Director David Maclennan bought 450 shares of the company’s stock in a transaction that occurred on Monday, November 6th. The stock was purchased at an average price of $131.77 per share, for a total transaction of $59,296.50. Following the completion of the transaction, the director now owns 1,514 shares in the company, valued at $199,499.78. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 transaction of $966,270.11. The disclosure for this sale can be found here. Corporate insiders own 1.49% of the company’s stock.
Ecolab Inc. (NYSE:ECL) traded up $0.32 on Wednesday, hitting $132.45. 1,247,200 shares of the company’s stock were exchanged, compared to its average volume of 934,922. The company has a market capitalization of $38,174.25, a price-to-earnings ratio of 29.04, a P/E/G ratio of 2.20 and a beta of 1.04. Ecolab Inc. has a fifty-two week low of $114.89 and a fifty-two week high of $134.89. The company has a current ratio of 1.23, a quick ratio of 0.83 and a debt-to-equity ratio of 0.89.
Ecolab (NYSE:ECL) last posted its quarterly 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 business had revenue of $3.56 billion during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period in the prior year, the business posted $1.28 earnings per share. equities research analysts expect that Ecolab Inc. will post 4.7 EPS for the current year.
ECL has been the subject of several recent analyst reports. Credit Suisse Group reaffirmed a “hold” rating on shares of Ecolab in a report on Wednesday, September 6th. Zacks Investment Research cut shares of Ecolab from a “buy” rating to a “hold” rating in a report on Thursday, July 27th. Royal Bank Of Canada boosted their price objective on shares of Ecolab from $134.00 to $137.00 and gave the company an “outperform” rating in a report on Tuesday, September 12th. Canaccord Genuity reissued a “buy” rating and set a $145.00 price objective on shares of Ecolab in a report on Monday, September 11th. Finally, Nomura reissued a “hold” rating and set a $117.00 price objective (down from $120.00) on shares of Ecolab in a report on Tuesday, September 12th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and seven have assigned a buy rating to the stock. Ecolab presently has a consensus rating of “Hold” and an average price target of $136.86.
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.
Receive News & Ratings for Ecolab Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ecolab Inc. and related companies with MarketBeat.com's FREE daily email newsletter.