148,305 Shares in Ecolab Inc. (ECL) Acquired by AKO Capital LLP

AKO Capital LLP purchased a new stake in shares of Ecolab Inc. (NYSE:ECL) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 148,305 shares of the company’s stock, valued at approximately $19,074,000. Ecolab accounts for approximately 1.6% of AKO Capital LLP’s holdings, making the stock its 16th biggest holding. AKO Capital LLP owned about 0.05% of Ecolab at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Guardian Life Insurance Co. of America raised its position in shares of Ecolab by 0.7% during the 1st quarter. Guardian Life Insurance Co. of America now owns 1,012 shares of the company’s stock valued at $127,000 after buying an additional 7 shares during the period. Rench Wealth Management Inc. raised its position in Ecolab by 0.3% in the second quarter. Rench Wealth Management Inc. now owns 3,004 shares of the company’s stock valued at $399,000 after purchasing an additional 9 shares during the period. Green Square Capital LLC raised its position in Ecolab by 0.3% in the second quarter. Green Square Capital LLC now owns 2,836 shares of the company’s stock valued at $377,000 after purchasing an additional 9 shares during the period. Ironwood Investment Management LLC raised its position in Ecolab by 0.7% in the second quarter. Ironwood Investment Management LLC now owns 2,708 shares of the company’s stock valued at $359,000 after purchasing an additional 19 shares during the period. Finally, Atwood & Palmer Inc. raised its position in Ecolab by 2.9% in the second quarter. Atwood & Palmer Inc. now owns 892 shares of the company’s stock valued at $118,000 after purchasing an additional 25 shares during the period.

In other news, Director David Maclennan bought 450 shares of the stock in a transaction that occurred on Monday, November 6th. The stock was purchased at an average price of A$131.77 ($101.36) per share, for a total transaction of A$59,296.50 ($45,612.69). Following the completion of the purchase, the director now owns 1,514 shares in the company, valued at approximately A$199,499.78 ($153,461.37). The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Thomas W. Handley sold 7,397 shares of the business’s stock in a transaction on Thursday, September 14th. The stock was sold at an average price of A$130.63 ($100.48), for a total transaction of A$966,270.11 ($743,284.70). The disclosure for this sale can be found here.

Ecolab Inc. (ECL) traded up A$0.05 ($0.04) during trading on Friday, hitting A$130.30 ($100.23). The stock had a trading volume of 1,300,000 shares, compared to its average volume of 952,624. Ecolab Inc. has a 1-year low of A$113.50 ($87.31) and a 1-year high of A$134.89 ($103.76).

Ecolab (NYSE:ECL) last issued its earnings results on Tuesday, October 31st. The company reported A$1.37 ($1.05) EPS for the quarter, topping analysts’ consensus estimates of A$1.36 ($1.05) by A$0.01 ($0.01). The firm had revenue of A$3.56 billion during the quarter, compared to the consensus estimate of A$3.55 billion. Ecolab had a net margin of 11.11% and a return on equity of 22.26%. The company’s revenue was up 5.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.28 earnings per share.

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ECL has been the topic of a number of research analyst reports. Credit Suisse Group reissued a “hold” rating on shares of Ecolab in a research report on Wednesday, September 6th. Zacks Investment Research lowered Ecolab from a “buy” rating to a “hold” rating in a research report on Thursday, July 27th. Royal Bank Of Canada boosted their target price on Ecolab from $134.00 to $137.00 and gave the company an “outperform” rating in a research report on Tuesday, September 12th. Canaccord Genuity reissued a “buy” rating and issued a $145.00 target price on shares of Ecolab in a research report on Monday, September 11th. Finally, Nomura reissued a “hold” rating and issued a $117.00 target price (down previously from $120.00) on shares of Ecolab in a research report on Tuesday, September 12th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and seven have issued a buy rating to the company’s stock. Ecolab presently has an average rating of “Hold” and a consensus target price of A$136.86 ($105.27).

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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