Northwestern Mutual Wealth Management Co. lifted its stake in shares of Ecolab Inc. (NYSE:ECL) by 31.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 10,603 shares of the basic materials company’s stock after buying an additional 2,562 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Ecolab were worth $1,663,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Braun Bostich & Associates Inc. increased its position in shares of Ecolab by 487.7% during the second 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 during the period. Squar Milner Financial Services LLC purchased a new position in shares of Ecolab during the second quarter valued at about $126,000. Flagship Harbor Advisors LLC purchased a new position in shares of Ecolab during the second quarter valued at about $139,000. LeJeune Puetz Investment Counsel LLC purchased a new position in shares of Ecolab during the second quarter valued at about $154,000. Finally, Harfst & Associates Inc. purchased a new position in shares of Ecolab during the second quarter valued at about $201,000. Institutional investors own 76.10% of the company’s stock.
Several equities analysts recently issued reports on ECL shares. Deutsche Bank boosted their price target on shares of Ecolab from $150.00 to $162.00 and gave the company a “hold” rating in a research report on Monday, November 5th. UBS Group boosted their price target on shares of Ecolab from $165.00 to $180.00 and gave the company a “buy” rating in a research report on Tuesday, October 2nd. JPMorgan Chase & Co. upgraded shares of Ecolab from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $147.00 to $157.00 in a research report on Wednesday, October 31st. BMO Capital Markets boosted their price target on shares of Ecolab from $151.00 to $159.00 and gave the company a “hold” rating in a research report on Thursday, November 1st. Finally, Zacks Investment Research cut shares of Ecolab from a “hold” rating to a “sell” rating in a research 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 stock. Ecolab presently has a consensus rating of “Buy” and an average target price of $154.47.
In other news, Director Arthur J. Higgins sold 8,700 shares of the company’s stock in a transaction that occurred on Monday, August 27th. The shares were sold at an average price of $149.76, for a total value of $1,302,912.00. Following the transaction, the director now owns 21,363 shares in the company, valued at $3,199,322.88. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Timothy P. Mulhere sold 9,800 shares of the company’s stock in a transaction that occurred on Thursday, September 6th. The stock was sold at an average price of $152.59, for a total transaction of $1,495,382.00. Following the completion of the transaction, the executive vice president now owns 29,482 shares in the company, valued at approximately $4,498,658.38. The disclosure for this sale can be found here. In the last 90 days, insiders sold 112,110 shares of company stock worth $17,473,320. Corporate insiders own 1.50% of the company’s stock.
Shares of ECL opened at $159.33 on Friday. The stock has a market capitalization of $46.33 billion, a price-to-earnings ratio of 33.97, a price-to-earnings-growth ratio of 2.38 and a beta of 0.87. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.90 and a current ratio of 1.34. Ecolab Inc. has a fifty-two week low of $125.74 and a fifty-two week high of $160.61.
Ecolab (NYSE:ECL) last announced its quarterly earnings data on Tuesday, October 30th. The basic materials company reported $1.53 earnings per share for the quarter, hitting the Zacks’ 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 net margin of 10.99% and a return on equity of 19.13%. The business’s revenue was up 5.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.37 earnings per share. As a group, equities analysts predict that Ecolab Inc. will post 5.27 earnings per share for the current year.
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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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