Ecolab Inc. (ECL) Shares Bought by Markel Corp
Markel Corp increased its stake in shares of Ecolab Inc. (NYSE:ECL) by 8.4% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 179,800 shares of the company’s stock after buying an additional 14,000 shares during the period. Markel Corp owned approximately 0.06% of Ecolab worth $21,885,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently added to or reduced their stakes in ECL. Point72 Asia Hong Kong Ltd acquired a new position in shares of Ecolab during the second quarter worth about $166,000. Coconut Grove Bank boosted its stake in shares of Ecolab by 6.5% in the third quarter. Coconut Grove Bank now owns 1,473 shares of the company’s stock worth $179,000 after buying an additional 90 shares during the period. Bartlett & Co. LLC boosted its stake in shares of Ecolab by 2.0% in the second quarter. Bartlett & Co. LLC now owns 1,568 shares of the company’s stock worth $186,000 after buying an additional 30 shares during the period. Washington Trust Bank boosted its stake in shares of Ecolab by 29.2% in the second quarter. Washington Trust Bank now owns 1,592 shares of the company’s stock worth $189,000 after buying an additional 360 shares during the period. Finally, Nations Financial Group Inc. IA ADV purchased a new stake in shares of Ecolab during the second quarter worth about $200,000. Hedge funds and other institutional investors own 74.26% of the company’s stock.
Shares of Ecolab Inc. (NYSE:ECL) traded up 0.36% on Wednesday, hitting $116.83. 183,781 shares of the stock traded hands. The stock has a market cap of $34.06 billion, a PE ratio of 32.48 and a beta of 0.89. The stock has a 50 day moving average of $115.24 and a 200-day moving average of $118.72. Ecolab Inc. has a 1-year low of $98.62 and a 1-year high of $124.60.
Ecolab (NYSE:ECL) last posted its quarterly earnings results on Tuesday, November 1st. The company reported $1.28 EPS for the quarter, meeting the Zacks’ consensus estimate of $1.28. The business earned $3.39 billion during the quarter, compared to the consensus estimate of $3.49 billion. Ecolab had a return on equity of 19.08% and a net margin of 8.11%. Ecolab’s revenue for the quarter was down 1.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.28 earnings per share. On average, equities research analysts expect that Ecolab Inc. will post $4.41 EPS for the current year.
A number of equities research analysts recently issued reports on the stock. Stifel Nicolaus cut shares of Ecolab from a “buy” rating to a “hold” rating in a research report on Tuesday, August 2nd. Credit Suisse Group AG reiterated a “hold” rating and set a $120.00 target price on shares of Ecolab in a research report on Wednesday, August 3rd. Zacks Investment Research upgraded shares of Ecolab from a “sell” rating to a “hold” rating in a research report on Thursday, August 4th. Barclays PLC reiterated a “buy” rating and set a $135.00 target price on shares of Ecolab in a research report on Monday, November 7th. Finally, Nomura increased their target price on shares of Ecolab from $94.00 to $98.00 and gave the stock a “reduce” rating in a research report on Monday, August 22nd. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and ten have given a buy rating to the company. Ecolab presently has a consensus rating of “Buy” and an average target price of $126.86.
In related news, EVP Christophe Beck sold 5,789 shares of the business’s stock in a transaction dated 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 transaction, the executive vice president now owns 32,475 shares of the company’s stock, valued at $3,984,682.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.50% of the stock is owned by corporate insiders.
Ecolab Company Profile
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.
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