North Star Asset Management Inc. Has $8.36 Million Stake in Ecolab Inc. (ECL)

North Star Asset Management Inc. lessened its stake in shares of Ecolab Inc. (NYSE:ECL) by 1.4% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 66,721 shares of the basic materials company’s stock after selling 972 shares during the period. North Star Asset Management Inc.’s holdings in Ecolab were worth $8,362,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. CGOV Asset Management raised its holdings in Ecolab by 5.3% in the 1st quarter. CGOV Asset Management now owns 540,525 shares of the basic materials company’s stock valued at $90,256,000 after acquiring an additional 27,135 shares during the last quarter. Victory Capital Management Inc. raised its holdings in Ecolab by 65.3% in the 1st quarter. Victory Capital Management Inc. now owns 21,809 shares of the basic materials company’s stock valued at $2,734,000 after acquiring an additional 8,613 shares during the last quarter. Bank of Hawaii raised its holdings in Ecolab by 3.7% in the 1st quarter. Bank of Hawaii now owns 10,161 shares of the basic materials company’s stock valued at $1,274,000 after acquiring an additional 366 shares during the last quarter. Blair William & Co. IL raised its holdings in Ecolab by 5.5% in the 1st quarter. Blair William & Co. IL now owns 864,887 shares of the basic materials company’s stock valued at $107,852,000 after acquiring an additional 45,400 shares during the last quarter. Finally, JNBA Financial Advisors raised its holdings in Ecolab by 2.5% in the 1st quarter. JNBA Financial Advisors now owns 871 shares of the basic materials company’s stock valued at $109,000 after acquiring an additional 21 shares during the last quarter. Hedge funds and other institutional investors own 75.29% of the company’s stock.

In other Ecolab news, insider Thomas W. Handley sold 7,397 shares of the firm’s stock in a transaction that occurred on Thursday, September 14th. The shares were sold at an average price of $130.63, for a total value of $966,270.11. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director David Maclennan purchased 450 shares of the firm’s stock in a transaction on Monday, November 6th. The stock was acquired at an average cost of $131.77 per share, with a total value of $59,296.50. Following the transaction, 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. Company insiders own 1.49% of the company’s stock.

A number of analysts have commented on the stock. Royal Bank of Canada increased their price objective on shares of Ecolab from $137.00 to $143.00 and gave the company an “outperform” rating in a report on Tuesday, November 7th. Zacks Investment Research raised shares of Ecolab from a “sell” rating to a “hold” rating in a research note on Thursday, November 2nd. UBS AG increased their price target on shares of Ecolab from $147.00 to $148.00 and gave the company a “buy” rating in a research note on Wednesday, November 1st. Barclays PLC increased their price target on shares of Ecolab from $135.00 to $145.00 and gave the company an “overweight” rating in a research note on Wednesday, November 1st. Finally, Jefferies Group LLC increased their price target on shares of Ecolab from $130.00 to $140.00 and gave the company a “hold” rating in a research note on Wednesday, November 1st. One investment 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 currently has an average rating of “Hold” and an average target price of $136.86.

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Ecolab Inc. (ECL) opened at $130.30 on Friday. The company has a current ratio of 1.23, a quick ratio of 0.83 and a debt-to-equity ratio of 0.89. The firm has a market cap of $37,631.09, a P/E ratio of 28.63, a P/E/G ratio of 2.17 and a beta of 1.04. Ecolab Inc. has a 1 year low of $113.50 and a 1 year high of $134.89.

Ecolab (NYSE:ECL) last posted its quarterly earnings data on Tuesday, October 31st. The basic materials company reported $1.37 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.36 by $0.01. The firm had revenue of $3.56 billion during the quarter, compared to analysts’ expectations of $3.55 billion. Ecolab had a net margin of 9.67% and a return on equity of 19.05%. The firm’s quarterly revenue was up 5.2% on a year-over-year basis. During the same quarter last year, the company posted $1.28 EPS. 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.

Institutional Ownership by Quarter for Ecolab (NYSE:ECL)

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