Ecolab Inc. (ECL) Shares Sold by Glenview Trust Co
Glenview Trust Co trimmed its stake in Ecolab Inc. (NYSE:ECL) by 1.6% during the fourth quarter, Holdings Channel reports. The fund owned 67,782 shares of the basic materials company’s stock after selling 1,082 shares during the period. Glenview Trust Co’s holdings in Ecolab were worth $9,095,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ECL. Atlantic Trust LLC purchased a new position in Ecolab in the second quarter valued at about $106,000. IHT Wealth Management LLC raised 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 during the period. SeaCrest Wealth Management LLC bought a new stake in shares of Ecolab in the fourth quarter valued at approximately $125,000. Community Bank N.A. bought a new stake in shares of Ecolab in the fourth quarter valued at approximately $140,000. Finally, Archford Capital Strategies LLC raised its position in shares of Ecolab by 169.8% in the second quarter. Archford Capital Strategies LLC now owns 12,925 shares of the basic materials company’s stock valued at $164,000 after purchasing an additional 8,135 shares during the period. Hedge funds and other institutional investors own 76.63% of the company’s stock.
Shares of Ecolab Inc. (NYSE:ECL) opened at $127.76 on Friday. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.83 and a current ratio of 1.23. The firm has a market cap of $38,460.27, a P/E ratio of 28.71, a P/E/G ratio of 1.94 and a beta of 1.06. Ecolab Inc. has a twelve month low of $120.11 and a twelve month high of $140.50.
Several analysts have recently issued reports on the stock. Boenning Scattergood reissued a “buy” rating on shares of Ecolab in a research report on Monday, January 22nd. Robert W. Baird reissued a “hold” rating and issued a $140.00 price target on shares of Ecolab in a research report on Thursday, October 12th. Credit Suisse Group boosted their price target on shares of Ecolab from $129.00 to $137.00 and gave the company a “neutral” rating in a research report on Wednesday, January 24th. Jefferies Group boosted their price target on shares of Ecolab from $130.00 to $140.00 and gave the company a “hold” rating in a research report on Wednesday, November 1st. Finally, Barclays boosted their price target on shares of Ecolab from $135.00 to $145.00 and gave the company an “overweight” rating in a research report on Wednesday, November 1st. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and nine have assigned a buy rating to the company’s stock. Ecolab has an average rating of “Hold” and a consensus price target of $140.07.
In related news, VP Larry L. Berger sold 5,197 shares of the company’s stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $137.37, for a total transaction of $713,911.89. Following the sale, the vice president now owns 33,110 shares of the company’s stock, valued at approximately $4,548,320.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Bruno Lavandier sold 1,250 shares of the company’s stock in a transaction that occurred on Friday, December 8th. The stock was sold at an average price of $135.71, for a total transaction of $169,637.50. Following the sale, the senior vice president now directly owns 7,725 shares in the company, valued at approximately $1,048,359.75. The disclosure for this sale can be found here. Insiders have sold a total of 57,446 shares of company stock worth $7,886,307 in the last ninety days. 1.49% of the stock is currently owned by insiders.
WARNING: This piece of content was first posted by Daily Political and is owned by of Daily Political. If you are reading this piece of content on another site, it was illegally stolen and reposted in violation of U.S. & international copyright & trademark legislation. The legal version of this piece of content can be viewed at https://www.dailypolitical.com/2018/02/09/ecolab-inc-ecl-shares-sold-by-glenview-trust-co.html.
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.
Want to see what other hedge funds are holding ECL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ecolab Inc. (NYSE:ECL).
Receive News & Ratings for Ecolab Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ecolab and related companies with MarketBeat.com's FREE daily email newsletter.