National Pension Service Has $21,974,000 Position in Ecolab Inc. (ECL)
National Pension Service boosted its stake in shares of Ecolab Inc. (NYSE:ECL) by 8.6% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 180,528 shares of the company’s stock after buying an additional 14,304 shares during the period. National Pension Service owned 0.06% of Ecolab worth $21,974,000 at the end of the most recent reporting period.
Several other institutional investors have also recently added to or reduced their stakes in the stock. Point72 Asia Hong Kong Ltd purchased a new position in Ecolab during the second quarter valued at $166,000. Bartlett & Co. LLC boosted its position in Ecolab by 2.0% in the second quarter. Bartlett & Co. LLC now owns 1,568 shares of the company’s stock valued at $186,000 after buying an additional 30 shares in the last quarter. Washington Trust Bank boosted its position in Ecolab by 29.2% in the second quarter. Washington Trust Bank now owns 1,592 shares of the company’s stock valued at $189,000 after buying an additional 360 shares in the last quarter. Nations Financial Group Inc. IA ADV purchased a new position in Ecolab during the second quarter valued at $200,000. Finally, Nichols & Pratt Advisers LLP MA purchased a new position in Ecolab during the second quarter valued at $205,000. 74.26% of the stock is owned by institutional investors and hedge funds.
Shares of Ecolab Inc. (NYSE:ECL) traded up 0.36% on Wednesday, reaching $116.83. The company’s stock had a trading volume of 183,781 shares. Ecolab Inc. has a 12 month low of $98.62 and a 12 month high of $124.60. The firm’s 50-day moving average price is $115.24 and its 200-day moving average price is $118.72. The stock has a market cap of $34.06 billion, a P/E ratio of 32.48 and a beta of 0.89.
Ecolab (NYSE:ECL) last announced its earnings results on Tuesday, November 1st. The company reported $1.28 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.28. Ecolab had a return on equity of 19.08% and a net margin of 8.11%. The firm earned $3.39 billion during the quarter, compared to analyst estimates of $3.49 billion. During the same period last year, the firm posted $1.28 EPS. The business’s revenue was down 1.7% compared to the same quarter last year. On average, analysts forecast that Ecolab Inc. will post $4.41 earnings per share for the current fiscal year.
ECL has been the subject of several analyst reports. Zacks Investment Research raised shares of Ecolab from a “hold” rating to a “buy” rating and set a $136.00 target price for the company in a research note on Tuesday, October 4th. Citigroup Inc. raised shares of Ecolab from a “neutral” rating to a “buy” rating and raised their target price for the company from $127.00 to $141.00 in a research note on Wednesday, August 3rd. Canaccord Genuity lifted their price objective on shares of Ecolab from $126.00 to $135.00 and gave the stock a “buy” rating in a research report on Wednesday, August 3rd. Barclays PLC reaffirmed a “buy” rating and set a $135.00 price objective on shares of Ecolab in a research report on Monday, November 7th. Finally, Deutsche Bank AG lifted their price objective on shares of Ecolab from $118.00 to $126.00 and gave the stock a “hold” rating in a research report on Wednesday, August 3rd. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and ten have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $126.86.
In other news, EVP Christophe Beck sold 5,789 shares of the stock in a transaction on Wednesday, September 7th. The stock was sold at an average price of $122.70, for a total transaction of $710,310.30. Following the completion of the transaction, the executive vice president now owns 32,475 shares in the company, valued at approximately $3,984,682.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.50% of the company’s stock.
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.
Receive News & Stock Ratings for Ecolab Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ecolab Inc. and related stocks with our FREE daily email newsletter.