Creative Planning raised its position in shares of Ecolab Inc. (NYSE:ECL) by 6.9% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 8,702 shares of the basic materials company’s stock after purchasing an additional 558 shares during the quarter. Creative Planning’s holdings in Ecolab were worth $1,364,000 as of its most recent SEC filing.
Other institutional investors have also recently added to or reduced their stakes in the company. Braun Bostich & Associates Inc. lifted 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 valued at $120,000 after buying an additional 712 shares in the last quarter. Squar Milner Financial Services LLC purchased a new position in shares of Ecolab during the 2nd quarter valued at about $126,000. Flagship Harbor Advisors LLC purchased a new position in shares of Ecolab during the 2nd quarter valued at about $139,000. LeJeune Puetz Investment Counsel LLC purchased a new position in shares of Ecolab during the 2nd quarter valued at about $154,000. Finally, Harfst & Associates Inc. purchased a new position in shares of Ecolab during the 2nd quarter valued at about $201,000. Institutional investors and hedge funds own 76.15% of the company’s stock.
ECL has been the topic of a number of analyst reports. Zacks Investment Research raised Ecolab from a “hold” rating to a “buy” rating and set a $176.00 price objective on the stock in a research report on Wednesday, October 10th. UBS Group boosted their price target on Ecolab from $165.00 to $180.00 and gave the stock a “buy” rating in a report on Tuesday, October 2nd. ValuEngine raised Ecolab from a “hold” rating to a “buy” rating in a report on Friday, September 7th. Boenning Scattergood reissued a “buy” rating on shares of Ecolab in a report on Tuesday, July 31st. Finally, Canaccord Genuity set a $160.00 price target on Ecolab and gave the stock a “buy” rating in a report on Tuesday, July 24th. Seven investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Ecolab currently has an average rating of “Buy” and an average price target of $152.38.
In other news, Director Victoria Reich sold 6,700 shares of the company’s stock in a transaction that occurred on Thursday, August 9th. The stock was sold at an average price of $148.40, for a total transaction of $994,280.00. Following the sale, the director now directly owns 20,987 shares of the company’s stock, valued at approximately $3,114,470.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Arthur J. Higgins sold 8,700 shares of the company’s stock in a transaction that occurred on Monday, August 27th. The stock was sold at an average price of $149.76, for a total value of $1,302,912.00. Following the sale, the director now directly owns 21,363 shares in the company, valued at $3,199,322.88. The disclosure for this sale can be found here. Insiders have sold a total of 104,285 shares of company stock worth $15,825,260 over the last ninety days. Insiders own 1.50% of the company’s stock.
Shares of ECL opened at $154.59 on Friday. The company has a market cap of $44.25 billion, a PE ratio of 30.03, a PEG ratio of 2.26 and a beta of 0.86. Ecolab Inc. has a 1 year low of $125.74 and a 1 year high of $159.92. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.84 and a current ratio of 1.34.
Ecolab (NYSE:ECL) last issued its quarterly earnings data on Tuesday, October 30th. The basic materials company reported $1.53 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.53. The business had revenue of $3.75 billion for the quarter, compared to analysts’ expectations of $3.74 billion. Ecolab had a return on equity of 19.13% and a net margin of 10.99%. The company’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same period in the prior year, the firm earned $1.37 EPS. As a group, equities analysts forecast that Ecolab Inc. will post 5.27 EPS for the current fiscal year.
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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