Trillium Asset Management LLC lifted its holdings in shares of Ecolab Inc. (NYSE:ECL) by 0.7% in the third quarter, Holdings Channel reports. The institutional investor owned 138,518 shares of the basic materials company’s stock after purchasing an additional 985 shares during the quarter. Ecolab makes up 1.1% of Trillium Asset Management LLC’s portfolio, making the stock its 21st largest holding. Trillium Asset Management LLC’s holdings in Ecolab were worth $21,717,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Argus Investors Counsel Inc. boosted its stake in Ecolab by 18.8% during the 3rd quarter. Argus Investors Counsel Inc. now owns 2,172 shares of the basic materials company’s stock valued at $341,000 after purchasing an additional 343 shares during the period. Bailard Inc. boosted its stake in Ecolab by 6.1% during the 2nd quarter. Bailard Inc. now owns 6,033 shares of the basic materials company’s stock valued at $847,000 after purchasing an additional 347 shares during the period. Gyroscope Capital Management Group LLC boosted its stake in Ecolab by 19.5% during the 3rd quarter. Gyroscope Capital Management Group LLC now owns 2,191 shares of the basic materials company’s stock valued at $345,000 after purchasing an additional 358 shares during the period. Motley Fool Asset Management LLC boosted its stake in Ecolab by 13.6% during the 2nd quarter. Motley Fool Asset Management LLC now owns 3,047 shares of the basic materials company’s stock valued at $428,000 after purchasing an additional 364 shares during the period. Finally, North Star Asset Management Inc. boosted its stake in Ecolab by 0.5% during the 3rd quarter. North Star Asset Management Inc. now owns 72,310 shares of the basic materials company’s stock valued at $11,337,000 after purchasing an additional 364 shares during the period. 76.35% of the stock is owned by institutional investors and hedge funds.

In other news, Chairman Douglas M. Baker, Jr. sold 40,025 shares of the business’s stock in a transaction that occurred on Wednesday, November 7th. The shares were sold at an average price of $160.20, for a total transaction of $6,412,005.00. Following the sale, the chairman now owns 558,017 shares in the company, valued at $89,394,323.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Arthur J. Higgins sold 8,700 shares of the business’s stock in a transaction that occurred on Monday, August 27th. The shares were sold at an average price of $149.76, for a total transaction of $1,302,912.00. Following the sale, the director now owns 21,363 shares in the company, valued at approximately $3,199,322.88. The disclosure for this sale can be found here. Over the last three months, insiders have sold 112,110 shares of company stock valued at $17,473,320. Company insiders own 1.50% of the company’s stock.

ECL stock opened at $160.30 on Tuesday. Ecolab Inc. has a 12 month low of $125.74 and a 12 month high of $160.66. The company has a market cap of $46.03 billion, a P/E ratio of 34.18, a price-to-earnings-growth ratio of 2.37 and a beta of 0.87. The company has a quick ratio of 0.90, a current ratio of 1.34 and a debt-to-equity ratio of 0.79.

Ecolab (NYSE:ECL) last released its earnings results on Tuesday, October 30th. The basic materials company reported $1.53 EPS for the quarter, meeting the consensus estimate of $1.53. Ecolab had a net margin of 10.99% and a return on equity of 19.13%. The business had revenue of $3.75 billion during the quarter, compared to analyst estimates of $3.74 billion. During the same period in the prior year, the business earned $1.37 earnings per share. The business’s quarterly revenue was up 5.1% on a year-over-year basis. Equities analysts predict that Ecolab Inc. will post 5.27 earnings per share for the current fiscal year.

A number of research firms have issued reports on ECL. Zacks Investment Research reissued a “sell” rating on shares of Ecolab in a research note on Tuesday, November 13th. UBS Group boosted their target price on shares of Ecolab from $165.00 to $180.00 and gave the company a “buy” rating in a research note on Tuesday, October 2nd. Deutsche Bank upped their price target on shares of Ecolab from $150.00 to $162.00 and gave the stock a “hold” rating in a research note on Monday, November 5th. BMO Capital Markets upped their price target on shares of Ecolab from $151.00 to $159.00 and gave the stock a “hold” rating in a research note on Thursday, November 1st. Finally, ValuEngine raised shares of Ecolab from a “hold” rating to a “buy” rating in a research note on Friday, September 7th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and eleven have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $154.47.

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Ecolab Profile

Ecolab Inc provides water, hygiene, and energy technologies and services for customers worldwide. The company operates through Global Industrial, Global Institutional, and Global Energy segments. The Global Industrial segment provides water treatment and process applications, and cleaning and sanitizing solutions primarily to large industrial customers within the manufacturing, food and beverage processing, chemical, mining and primary metals, power generation, pulp and paper, and commercial laundry industries.

Further Reading: What are the Different Types of Leveraged Buyouts?

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Institutional Ownership by Quarter for Ecolab (NYSE:ECL)

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