Boston Common Asset Management LLC raised its position in Ecolab Inc. (NYSE:ECL) by 0.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 42,719 shares of the company’s stock after buying an additional 237 shares during the period. Boston Common Asset Management LLC’s holdings in Ecolab were worth $5,200,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the company. Emerald Acquisition Ltd. acquired a new position in Ecolab during the second quarter worth about $93,773,000. TIAA CREF Investment Management LLC boosted its position in Ecolab by 70.6% in the second quarter. TIAA CREF Investment Management LLC now owns 1,440,869 shares of the company’s stock worth $170,887,000 after buying an additional 596,322 shares in the last quarter. CGOV Asset Management acquired a new position in Ecolab during the third quarter worth about $79,132,000. Artisan Partners Limited Partnership boosted its position in Ecolab by 126.1% in the second quarter. Artisan Partners Limited Partnership now owns 778,545 shares of the company’s stock worth $92,335,000 after buying an additional 434,280 shares in the last quarter. Finally, Williams Jones & Associates LLC boosted its position in Ecolab by 362.5% in the second quarter. Williams Jones & Associates LLC now owns 541,703 shares of the company’s stock worth $64,246,000 after buying an additional 424,588 shares in the last quarter. Hedge funds and other institutional investors own 74.26% of the company’s stock.

Institutional Ownership by Quarter for Ecolab (NYSE:ECL)

Shares of Ecolab Inc. (NYSE:ECL) traded up 0.06% during midday trading on Tuesday, hitting $116.41. The stock had a trading volume of 725,691 shares. The company’s 50 day moving average is $115.24 and its 200 day moving average is $118.72. Ecolab Inc. has a 52 week low of $98.62 and a 52 week high of $124.60. The firm has a market cap of $33.94 billion, a P/E ratio of 32.36 and a beta of 0.89.

Ecolab (NYSE:ECL) last issued its quarterly earnings data on Tuesday, November 1st. The company reported $1.28 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $1.28. Ecolab had a return on equity of 19.08% and a net margin of 8.11%. The company earned $3.39 billion during the quarter, compared to the consensus estimate of $3.49 billion. During the same period last year, the company earned $1.28 earnings per share. The firm’s revenue was down 1.7% compared to the same quarter last year. On average, equities analysts predict that Ecolab Inc. will post $4.41 earnings per share for the current fiscal year.

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Several analysts have weighed in on ECL shares. Zacks Investment Research raised Ecolab from a “hold” rating to a “buy” rating and set a $136.00 price objective for the company in a report on Tuesday, October 4th. Citigroup Inc. raised Ecolab from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $127.00 to $141.00 in a report on Wednesday, August 3rd. Canaccord Genuity boosted their price objective on Ecolab from $126.00 to $135.00 and gave the stock a “buy” rating in a report on Wednesday, August 3rd. Barclays PLC reissued a “buy” rating and set a $135.00 price objective on shares of Ecolab in a report on Monday, November 7th. Finally, Deutsche Bank AG boosted their price objective on Ecolab from $118.00 to $126.00 and gave the stock a “hold” rating in a report on Wednesday, August 3rd. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and ten have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $126.86.

In other Ecolab news, EVP Christophe Beck sold 5,789 shares of Ecolab stock in a transaction that occurred on Wednesday, September 7th. The stock was sold at an average price of $122.70, for a total value of $710,310.30. Following the completion of the sale, the executive vice president now directly owns 32,475 shares in the company, valued at $3,984,682.50. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 1.50% of the stock is owned by company insiders.

About Ecolab

Ecolab Inc provides water, hygiene and energy technologies and services. The Company’s segments include Global Industrial, Global Institutional, Global Energy, Other and Corporate. The Global Industrial segment consists of the Water, Food and Beverage, Paper and Textile Care operating units. The Global Institutional segment consists of the Institutional, Specialty and Healthcare operating units.

5 Day Chart for NYSE:ECL

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