Smithbridge Asset Management Inc. DE continued to hold its stake in Ecolab Inc. (NYSE:ECL) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,025 shares of the company’s stock at the end of the third quarter. Ecolab comprises approximately 2.2% of Smithbridge Asset Management Inc. DE’s portfolio, making the stock its 18th largest position. Smithbridge Asset Management Inc. DE’s holdings in Ecolab were worth $2,437,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the stock. Welch & Forbes LLC boosted its stake in shares of Ecolab by 0.9% in the second quarter. Welch & Forbes LLC now owns 385,064 shares of the company’s stock valued at $45,669,000 after buying an additional 3,472 shares during the last quarter. Compass Capital Management Inc. boosted its stake in shares of Ecolab by 2.3% in the second quarter. Compass Capital Management Inc. now owns 175,873 shares of the company’s stock valued at $20,859,000 after buying an additional 3,991 shares during the last quarter. Intermede Investment Partners Ltd boosted its stake in shares of Ecolab by 2.1% in the second quarter. Intermede Investment Partners Ltd now owns 159,707 shares of the company’s stock valued at $18,941,000 after buying an additional 3,235 shares during the last quarter. Aberdeen Asset Management PLC UK boosted its stake in shares of Ecolab by 0.7% in the second quarter. Aberdeen Asset Management PLC UK now owns 312,422 shares of the company’s stock valued at $37,053,000 after buying an additional 2,148 shares during the last quarter. Finally, Woodstock Corp boosted its stake in shares of Ecolab by 1.2% in the third quarter. Woodstock Corp now owns 67,553 shares of the company’s stock valued at $8,223,000 after buying an additional 830 shares during the last quarter. 74.26% of the stock is owned by institutional investors.

Institutional Ownership by Quarter for Ecolab (NYSE:ECL)

Shares of Ecolab Inc. (NYSE:ECL) traded up 0.06% during mid-day trading on Tuesday, reaching $116.41. 725,806 shares of the company were exchanged. Ecolab Inc. has a 12 month low of $98.62 and a 12 month high of $124.60. The stock has a 50 day moving average price of $115.24 and a 200-day moving average price of $118.72. The stock has a market capitalization 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 results on Tuesday, November 1st. The company reported $1.28 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.28. Ecolab had a net margin of 8.11% and a return on equity of 19.08%. The company earned $3.39 billion during the quarter, compared to the consensus estimate of $3.49 billion. During the same quarter in the previous year, the firm earned $1.28 earnings per share. The firm’s quarterly revenue was down 1.7% on a year-over-year basis. Analysts predict that Ecolab Inc. will post $4.41 earnings per share for the current year.

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Several research analysts recently commented on the stock. Oppenheimer Holdings Inc. boosted their price objective on shares of Ecolab from $120.00 to $129.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 3rd. Jefferies Group boosted their price objective on shares of Ecolab from $120.00 to $125.00 and gave the stock an “in-line” rating in a research note on Wednesday, August 3rd. Canaccord Genuity boosted their price objective on shares of Ecolab from $126.00 to $135.00 and gave the stock a “buy” rating in a research note on Wednesday, August 3rd. Deutsche Bank AG boosted their price objective on shares of Ecolab from $118.00 to $126.00 and gave the stock a “hold” rating in a research note on Wednesday, August 3rd. Finally, Goldman Sachs Group Inc. boosted their price objective on shares of Ecolab from $103.00 to $111.00 and gave the stock a “sell” rating in a research note on Wednesday, August 3rd. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and ten have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $126.86.

In related news, EVP Christophe Beck sold 5,789 shares of Ecolab stock in a transaction that occurred on Wednesday, September 7th. The shares were sold at an average price of $122.70, for a total value of $710,310.30. Following the completion of the transaction, the executive vice president now owns 32,475 shares in the company, valued at $3,984,682.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.50% of the stock is currently owned by corporate 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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