Norinchukin Bank The lifted its holdings in Ecolab Inc. (NYSE:ECL) by 13.2% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 140,838 shares of the basic materials company’s stock after purchasing an additional 16,369 shares during the period. Norinchukin Bank The’s holdings in Ecolab were worth $18,114,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of the company. D.A. Davidson & CO. increased its stake in Ecolab by 6.9% during the third quarter. D.A. Davidson & CO. now owns 30,084 shares of the basic materials company’s stock valued at $3,869,000 after acquiring an additional 1,936 shares during the period. Cannell Peter B & Co. Inc. increased its stake in Ecolab by 4.4% during the third quarter. Cannell Peter B & Co. Inc. now owns 13,095 shares of the basic materials company’s stock valued at $1,684,000 after acquiring an additional 550 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Ecolab by 7.5% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 273,437 shares of the basic materials company’s stock valued at $35,167,000 after acquiring an additional 18,967 shares during the period. Assetmark Inc. increased its stake in Ecolab by 49.5% during the third quarter. Assetmark Inc. now owns 2,000 shares of the basic materials company’s stock valued at $257,000 after acquiring an additional 662 shares during the period. Finally, SPF Beheer BV increased its stake in Ecolab by 6.5% during the third quarter. SPF Beheer BV now owns 550,243 shares of the basic materials company’s stock valued at $70,970,000 after acquiring an additional 33,404 shares during the period. Institutional investors and hedge funds own 75.74% of the company’s stock.

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In other news, insider Thomas W. Handley sold 7,397 shares of the business’s stock in a transaction that occurred on Thursday, September 14th. The stock was sold at an average price of $130.63, for a total value of $966,270.11. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director David Maclennan bought 450 shares of Ecolab stock in a transaction dated Monday, November 6th. The stock was acquired at an average cost of $131.77 per share, for a total transaction of $59,296.50. Following the completion of the acquisition, the director now directly owns 1,514 shares in the company, valued at $199,499.78. The disclosure for this purchase can be found here. 1.49% of the stock is owned by insiders.

ECL has been the topic of several research reports. UBS AG boosted their price target on Ecolab from $147.00 to $148.00 and gave the company a “buy” rating in a research note on Wednesday, November 1st. Royal Bank Of Canada boosted their price target on Ecolab from $137.00 to $143.00 and gave the company an “outperform” rating in a research note on Tuesday, November 7th. Instinet restated a “neutral” rating and set a $117.00 price target (down from $120.00) on shares of Ecolab in a research note on Tuesday, September 12th. Nomura restated a “hold” rating and set a $117.00 price target (down from $120.00) on shares of Ecolab in a research note on Tuesday, September 12th. Finally, Stifel Nicolaus restated a “hold” rating and set a $140.00 price target on shares of Ecolab in a research note on Wednesday, November 1st. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and seven have issued a buy rating to the stock. Ecolab presently has a consensus rating of “Hold” and a consensus price target of $136.86.

Ecolab Inc. (ECL) traded up $0.32 during mid-day trading on Wednesday, hitting $132.45. The stock had a trading volume of 1,247,200 shares, compared to its average volume of 934,922. Ecolab Inc. has a 52 week low of $114.89 and a 52 week high of $134.89. The company has a market cap 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. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.83 and a current ratio of 1.23.

Ecolab (NYSE:ECL) last announced its earnings results on Tuesday, October 31st. The basic materials company reported $1.37 EPS for the quarter, topping the consensus estimate 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 return on equity of 19.05% and a net margin of 9.67%. Ecolab’s revenue was up 5.2% compared to the same quarter last year. During the same period in the previous year, the business earned $1.28 EPS. research analysts expect that Ecolab Inc. will post 4.7 earnings per share for the current fiscal year.

Ecolab 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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Institutional Ownership by Quarter for Ecolab (NYSE:ECL)

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