WCM Investment Management CA boosted its position in Ecolab Inc. (NYSE:ECL) by 5.7% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 702,841 shares of the basic materials company’s stock after buying an additional 37,802 shares during the quarter. Ecolab makes up about 1.0% of WCM Investment Management CA’s portfolio, making the stock its 21st biggest position. WCM Investment Management CA owned about 0.24% of Ecolab worth $110,191,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in the stock. Braun Bostich & Associates Inc. increased its position in shares of Ecolab by 487.7% during the 2nd quarter. Braun Bostich & Associates Inc. now owns 858 shares of the basic materials company’s stock worth $120,000 after purchasing an additional 712 shares during the last quarter. Squar Milner Financial Services LLC acquired a new position in shares of Ecolab during the 2nd quarter worth approximately $126,000. Flagship Harbor Advisors LLC acquired a new position in shares of Ecolab during the 2nd quarter worth approximately $139,000. LeJeune Puetz Investment Counsel LLC acquired a new position in shares of Ecolab during the 2nd quarter worth approximately $154,000. Finally, Harfst & Associates Inc. acquired a new position in shares of Ecolab during the 2nd quarter worth approximately $201,000. 76.15% of the stock is currently owned by institutional investors and hedge funds.
Several research firms have weighed in on ECL. Boenning Scattergood reaffirmed a “buy” rating on shares of Ecolab in a research report on Tuesday, July 31st. Barclays boosted their price target on Ecolab from $150.00 to $165.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 24th. BMO Capital Markets boosted their price target on Ecolab from $151.00 to $159.00 and gave the stock a “hold” rating in a research report on Thursday. Nomura boosted their price target on Ecolab from $146.00 to $153.00 and gave the stock a “neutral” rating in a research report on Monday, August 13th. Finally, Zacks Investment Research lowered Ecolab from a “hold” rating to a “sell” rating in a research report on Tuesday, July 24th. Seven research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $152.38.
In related news, Director Victoria Reich sold 6,700 shares of the business’s stock in a transaction on Thursday, August 9th. The stock was sold at an average price of $148.40, for a total value of $994,280.00. Following the completion of the sale, the director now directly owns 20,987 shares in the company, valued at approximately $3,114,470.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Christophe Beck sold 25,500 shares of the business’s stock in a transaction on Friday, August 10th. The shares were sold at an average price of $147.83, for a total value of $3,769,665.00. Following the completion of the sale, the executive vice president now owns 27,649 shares of the company’s stock, valued at $4,087,351.67. The disclosure for this sale can be found here. Insiders sold a total of 104,285 shares of company stock valued at $15,825,260 over the last 90 days. 1.50% of the stock is currently owned by corporate insiders.
Shares of ECL stock traded up $1.78 during trading on Friday, reaching $154.51. 2,860 shares of the company’s stock were exchanged, compared to its average volume of 1,429,058. The company has a current ratio of 1.34, a quick ratio of 0.84 and a debt-to-equity ratio of 0.79. The firm has a market capitalization of $43.05 billion, a PE ratio of 33.07, a PEG ratio of 2.20 and a beta of 0.96. Ecolab Inc. has a twelve month low of $125.74 and a twelve month high of $159.92.
Ecolab (NYSE:ECL) last released its quarterly earnings results on Tuesday, October 30th. The basic materials company reported $1.53 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.53. The business had revenue of $3.75 billion during the quarter, compared to the consensus estimate of $3.74 billion. Ecolab had a return on equity of 19.13% and a net margin of 10.99%. The firm’s quarterly revenue was up 5.1% on a year-over-year basis. During the same period in the previous year, the company posted $1.37 EPS. As a group, sell-side analysts predict that Ecolab Inc. will post 5.29 EPS for the current fiscal year.
Ecolab Company 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.
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