2 weeks Ago By ABMN Staff
CWA Asset Management Group LLC bought a new stake in Ecolab Inc. ( NYSE:ECL – Free Report ) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 1,711 shares of the basic materials company’s stock, valued at approximately $437,000.
Several other hedge funds also recently bought and sold shares of ECL. Swedbank AB bought a new position in Ecolab during the first quarter valued at approximately $390,687,000. International Assets Investment Management LLC increased its stake in shares of Ecolab by 27,950.
4% during the 3rd quarter. International Assets Investment Management LLC now owns 738,567 shares of the basic materials company’s stock worth $188,578,000 after purchasing an additional 735,934 shares during the last quarter. Marshall Wace LLP raised its holdings in shares of Ecolab by 295.
2% during the 2nd quarter. Marshall Wace LLP now owns 791,246 shares of the basic materials company’s stock valued at $188,317,000 after purchasing an additional 591,040 shares in the last quarter. Vanguard Group Inc.
boosted its holdings in Ecolab by 1.3% in the first quarter. Vanguard Group Inc.
now owns 23,486,858 shares of the basic materials company’s stock worth $5,423,116,000 after purchasing an additional 304,402 shares in the last quarter. Finally, 1832 Asset Management L.P.
increased its position in Ecolab by 580.7% during the second quarter. 1832 Asset Management L.
P. now owns 303,565 shares of the basic materials company’s stock worth $72,248,000 after buying an additional 258,971 shares during the last quarter. 74.
91% of the stock is owned by institutional investors and hedge funds. Wall Street Analysts Forecast Growth Several research firms have recently issued reports on ECL. Robert W.
Baird upped their price target on Ecolab from $271.00 to $279.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th.
Piper Sandler upped their target price on Ecolab from $270.00 to $305.00 and gave the stock an “overweight” rating in a research report on Thursday, September 26th.
Wells Fargo & Company restated a “market perform” rating on shares of Ecolab in a research note on Friday, October 18th. Royal Bank of Canada reiterated an “outperform” rating and issued a $306.00 target price on shares of Ecolab in a research note on Wednesday, October 30th.
Finally, Bank of America raised shares of Ecolab from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $251.00 to $272.00 in a research report on Wednesday, July 31st.
Eight research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, Ecolab presently has a consensus rating of “Moderate Buy” and a consensus target price of $277.20.
Insider Transactions at Ecolab In other Ecolab news, major shareholder William H. Gates III sold 65,015 shares of the business’s stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $243.
80, for a total value of $15,850,657.00. Following the transaction, the insider now directly owns 30,388,741 shares in the company, valued at $7,408,775,055.
80. The trade was a 0.00 % decrease in their ownership of the stock.
The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink . In related news, Director Victoria Reich sold 393 shares of the firm’s stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $250.
00, for a total transaction of $98,250.00. Following the completion of the sale, the director now directly owns 24,041 shares of the company’s stock, valued at $6,010,250.
This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink .
Also, major shareholder William H. Gates III sold 65,015 shares of the business’s stock in a transaction on Monday, November 4th. The stock was sold at an average price of $243.
80, for a total value of $15,850,657.00. Following the completion of the transaction, the insider now directly owns 30,388,741 shares in the company, valued at approximately $7,408,775,055.
80. This represents a 0.00 % decrease in their position.
The disclosure for this sale can be found here . In the last quarter, insiders have sold 478,355 shares of company stock valued at $117,922,965. 0.
04% of the stock is owned by insiders. Ecolab Trading Up 0.2 % Shares of ECL stock opened at $250.
56 on Tuesday. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.
97 and a current ratio of 1.30. The firm has a fifty day moving average of $252.
31 and a 200-day moving average of $243.05. Ecolab Inc.
has a 52-week low of $177.16 and a 52-week high of $262.61.
The stock has a market cap of $70.95 billion, a price-to-earnings ratio of 35.10, a P/E/G ratio of 2.
49 and a beta of 1.13. Ecolab ( NYSE:ECL – Get Free Report ) last released its quarterly earnings data on Tuesday, October 29th.
The basic materials company reported $1.83 earnings per share for the quarter, beating analysts’ consensus estimates of $1.82 by $0.
01. The company had revenue of $4 billion for the quarter, compared to the consensus estimate of $4.03 billion.
Ecolab had a return on equity of 22.12% and a net margin of 13.05%.
The company’s quarterly revenue was up 1.0% on a year-over-year basis. During the same period in the previous year, the business earned $1.
54 earnings per share. On average, equities research analysts forecast that Ecolab Inc. will post 6.
66 earnings per share for the current fiscal year. Ecolab Profile ( Free Report ) Ecolab Inc provides water, hygiene, and infection prevention solutions and services in the United States and internationally. The company operates through three segments: Global Industrial; Global Institutional & Specialty; and Global Healthcare & Life Sciences.
The Global Industrial segment offers water treatment and process applications, and cleaning and sanitizing solutions to manufacturing, food and beverage processing, transportation, chemical, metals and mining, power generation, pulp and paper, commercial laundry, petroleum, refining, and petrochemical industries. Featured Stories 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 – Free Report ). 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 .
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