S&CO Inc. Buys 1,206 Shares of Ecolab Inc. (ECL)
S&CO Inc. increased its stake in shares of Ecolab Inc. (NYSE:ECL) by 0.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 235,849 shares of the basic materials company’s stock after acquiring an additional 1,206 shares during the quarter. Ecolab makes up about 3.9% of S&CO Inc.’s portfolio, making the stock its 3rd largest position. S&CO Inc. owned approximately 0.08% of Ecolab worth $30,333,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors also recently modified their holdings of ECL. BlackRock Inc. lifted its stake in shares of Ecolab by 2,154.8% in the first quarter. BlackRock Inc. now owns 15,032,404 shares of the basic materials company’s stock valued at $1,884,161,000 after buying an additional 14,365,723 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of Ecolab by 5.4% in the first quarter. Vanguard Group Inc. now owns 20,454,223 shares of the basic materials company’s stock valued at $2,563,731,000 after buying an additional 1,044,370 shares in the last quarter. Renaissance Technologies LLC bought a new position in shares of Ecolab in the first quarter valued at $59,389,000. Eaton Vance Management lifted its stake in shares of Ecolab by 34.3% in the second quarter. Eaton Vance Management now owns 1,481,329 shares of the basic materials company’s stock valued at $196,646,000 after buying an additional 378,019 shares in the last quarter. Finally, Parametric Portfolio Associates LLC lifted its stake in shares of Ecolab by 66.9% in the second quarter. Parametric Portfolio Associates LLC now owns 918,902 shares of the basic materials company’s stock valued at $121,984,000 after buying an additional 368,376 shares in the last quarter. 75.29% of the stock is currently owned by institutional investors and hedge funds.
Ecolab Inc. (NYSE ECL) traded up $0.53 on Tuesday, hitting $131.91. 710,608 shares of the stock traded hands, compared to its average volume of 932,859. The stock has a market capitalization of $37,870.00, a P/E ratio of 28.88, a price-to-earnings-growth ratio of 2.19 and a beta of 1.04. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.23 and a quick ratio of 0.83. Ecolab Inc. has a 52-week low of $111.07 and a 52-week high of $134.89.
Ecolab (NYSE:ECL) last posted its earnings results on Tuesday, October 31st. The basic materials company reported $1.37 earnings per share for the quarter, topping the consensus estimate of $1.36 by $0.01. The firm had revenue of $3.56 billion during the quarter, compared to the consensus estimate of $3.55 billion. Ecolab had a net margin of 9.67% and a return on equity of 19.05%. The company’s revenue was up 5.2% on a year-over-year basis. During the same quarter last year, the company earned $1.28 earnings per share. research analysts expect that Ecolab Inc. will post 4.71 earnings per share for the current year.
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A number of research analysts have weighed in on ECL shares. Canaccord Genuity reaffirmed a “buy” rating and issued a $145.00 price objective on shares of Ecolab in a research note on Monday, September 11th. UBS AG reaffirmed a “buy” rating and issued a $147.00 price objective (up from $144.00) on shares of Ecolab in a research note on Wednesday, August 2nd. Morgan Stanley started coverage on shares of Ecolab in a research report on Tuesday, August 15th. They set an “equal weight” rating and a $140.00 price target on the stock. Deutsche Bank AG raised their price target on shares of Ecolab from $132.00 to $134.00 and gave the company a “hold” rating in a research report on Wednesday, August 2nd. Finally, Zacks Investment Research lowered shares of Ecolab from a “buy” rating to a “hold” rating in a research report on Thursday, July 27th. One analyst has rated the stock with a sell rating, ten have given a hold rating and seven have assigned a buy rating to the stock. Ecolab currently has a consensus rating of “Hold” and an average target price of $136.86.
In other news, insider Thomas W. Handley sold 7,397 shares of Ecolab stock in a transaction dated Thursday, September 14th. The shares were sold at an average price of $130.63, for a total value of $966,270.11. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.49% of the stock is owned by company insiders.
Ecolab Company Profile
Ecolab Inc provides water, hygiene and energy technologies and services. The Company’s cleaning and sanitizing programs and products, pest elimination services and equipment maintenance and repair services support customers in the foodservice, food and beverage processing, hospitality, healthcare, government and education, retail, textile care and commercial facilities management sectors in over 170 countries.
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