Zevin Asset Management LLC boosted its stake in shares of Ecolab Inc. (NYSE:ECL) by 1.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 38,268 shares of the basic materials company’s stock after purchasing an additional 509 shares during the period. Ecolab makes up approximately 2.4% of Zevin Asset Management LLC’s portfolio, making the stock its 16th biggest holding. Zevin Asset Management LLC’s holdings in Ecolab were worth $7,579,000 at the end of the most recent reporting period.
Other large investors also recently bought and sold shares of the company. Certified Advisory Corp purchased a new position in Ecolab during the second quarter worth approximately $25,000. Krane Funds Advisors LLC purchased a new position in Ecolab during the second quarter worth approximately $25,000. Next Capital Management LLC purchased a new position in Ecolab during the second quarter worth approximately $27,000. Putnam FL Investment Management Co. purchased a new position in Ecolab during the second quarter worth approximately $28,000. Finally, Focused Wealth Management Inc purchased a new position in Ecolab during the second quarter worth approximately $30,000. 75.77% of the stock is currently owned by institutional investors.
Several equities research analysts have recently issued reports on the stock. Morgan Stanley increased their price objective on shares of Ecolab from $140.00 to $205.00 and gave the stock an “equal weight” rating in a research report on Monday, August 12th. Nomura increased their price objective on shares of Ecolab from $208.00 to $210.00 and gave the stock a “buy” rating in a research report on Wednesday, August 7th. ValuEngine lowered shares of Ecolab from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Credit Suisse Group set a $181.00 price objective on shares of Ecolab and gave the stock a “neutral” rating in a research report on Wednesday, July 31st. Finally, Robert W. Baird dropped their price objective on shares of Ecolab from $208.00 to $201.00 and set a “neutral” rating for the company in a research report on Wednesday, October 30th. Twelve equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Ecolab presently has a consensus rating of “Hold” and an average target price of $200.50.
ECL traded down $0.41 during trading hours on Friday, reaching $190.39. 574,927 shares of the stock traded hands, compared to its average volume of 1,065,207. The firm’s fifty day simple moving average is $193.57 and its two-hundred day simple moving average is $194.37. The company has a market cap of $55.62 billion, a price-to-earnings ratio of 36.26, a PEG ratio of 2.65 and a beta of 0.81. Ecolab Inc. has a fifty-two week low of $135.77 and a fifty-two week high of $209.87. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.24 and a quick ratio of 0.84.
Ecolab (NYSE:ECL) last released its quarterly earnings results on Tuesday, October 29th. The basic materials company reported $1.71 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $1.71. The business had revenue of $3.82 billion during the quarter, compared to analyst estimates of $3.89 billion. Ecolab had a net margin of 10.27% and a return on equity of 20.08%. The business’s revenue was up 1.9% on a year-over-year basis. During the same period last year, the business earned $1.53 EPS. On average, research analysts predict that Ecolab Inc. will post 5.86 earnings per share for the current year.
In other Ecolab news, EVP Darrell R. Brown sold 12,678 shares of the firm’s stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $198.09, for a total transaction of $2,511,385.02. Following the completion of the transaction, the executive vice president now directly owns 21,061 shares of the company’s stock, valued at approximately $4,171,973.49. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Catelan Leanne acquired 50,000 shares of the firm’s stock in a transaction on Monday, October 14th. The shares were bought at an average cost of $1.16 per share, with a total value of $58,000.00. 1.52% of the stock is currently owned by company insiders.
Ecolab Company Profile
Ecolab Inc provides water, hygiene, and energy technologies and services worldwide. The company operates through Global Industrial, Global Institutional, Global Energy, and Other segments. The Global Industrial segment offers water treatment and process applications, and cleaning and sanitizing solutions primarily to industrial customers within the manufacturing, food and beverage processing, transportation, chemical, primary metals and mining, power generation, pulp and paper, pharmaceutical, and commercial laundry.
Recommended Story: Understanding the Price to Earnings Ratio (PE)
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).
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.