GW&K Investment Management LLC boosted its holdings in Ecolab Inc. (NYSE:ECL) by 0.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 189,863 shares of the basic materials company’s stock after buying an additional 545 shares during the period. GW&K Investment Management LLC owned approximately 0.07% of Ecolab worth $37,600,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Greenleaf Trust lifted its holdings in Ecolab by 2.6% in the second quarter. Greenleaf Trust now owns 3,674 shares of the basic materials company’s stock valued at $725,000 after buying an additional 92 shares during the period. Bridges Investment Management Inc. raised its holdings in Ecolab by 0.7% in the second quarter. Bridges Investment Management Inc. now owns 49,645 shares of the basic materials company’s stock worth $9,803,000 after purchasing an additional 325 shares during the period. Candriam Luxembourg S.C.A. raised its holdings in Ecolab by 20.6% in the second quarter. Candriam Luxembourg S.C.A. now owns 27,503 shares of the basic materials company’s stock worth $7,971,000 after purchasing an additional 4,701 shares during the period. Jacobs Levy Equity Management Inc. raised its holdings in Ecolab by 449.1% in the second quarter. Jacobs Levy Equity Management Inc. now owns 233,991 shares of the basic materials company’s stock worth $46,199,000 after purchasing an additional 191,377 shares during the period. Finally, Cerebellum GP LLC acquired a new stake in Ecolab in the third quarter worth $174,000. Institutional investors and hedge funds own 75.77% of the company’s stock.
Several research firms have weighed in on ECL. Citigroup cut their target price on shares of Ecolab from $206.00 to $204.00 and set a “neutral” rating on the stock in a report on Wednesday, October 30th. Credit Suisse Group set a $181.00 target price on shares of Ecolab and gave the stock a “neutral” rating in a report on Wednesday, July 31st. Morgan Stanley increased their target price on shares of Ecolab from $140.00 to $205.00 and gave the stock an “equal weight” rating in a report on Monday, August 12th. UBS Group cut their target price on shares of Ecolab from $202.00 to $198.00 and set a “neutral” rating on the stock in a report on Wednesday, October 30th. Finally, Robert W. Baird cut their target price on shares of Ecolab from $208.00 to $201.00 and set a “neutral” rating on the stock in a report on Wednesday, October 30th. Twelve equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $200.50.
In related news, EVP Darrell R. Brown sold 2,280 shares of the firm’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $207.95, for a total value of $474,126.00. Following the completion of the transaction, the executive vice president now owns 8,061 shares of the company’s stock, valued at $1,676,284.95. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Catelan Leanne bought 50,000 shares of the firm’s stock in a transaction that occurred on Monday, October 14th. The stock was acquired at an average cost of $1.16 per share, with a total value of $58,000.00. Company insiders own 1.52% of the company’s stock.
Shares of NYSE:ECL traded down $0.41 during midday trading on Friday, reaching $190.39. 574,927 shares of the company were exchanged, compared to its average volume of 1,065,207. Ecolab Inc. has a fifty-two week low of $135.77 and a fifty-two week high of $209.87. The company has a quick ratio of 0.84, a current ratio of 1.24 and a debt-to-equity ratio of 0.69. The stock has a fifty day simple moving average of $193.57 and a two-hundred day simple moving average of $194.37. The firm has a market cap of $55.62 billion, a PE ratio of 36.26, a P/E/G ratio of 2.65 and a beta of 0.81.
Ecolab (NYSE:ECL) last issued its quarterly earnings data on Tuesday, October 29th. The basic materials company reported $1.71 EPS for the quarter, hitting analysts’ consensus estimates of $1.71. Ecolab had a net margin of 10.27% and a return on equity of 20.08%. The business had revenue of $3.82 billion for the quarter, compared to analyst estimates of $3.89 billion. During the same period last year, the business posted $1.53 earnings per share. The firm’s quarterly revenue was up 1.9% on a year-over-year basis. As a group, analysts forecast that Ecolab Inc. will post 5.86 earnings per share for the current year.
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.
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