Papp L Roy & Associates Sells 834 Shares of Ecolab Inc. (ECL)
Papp L Roy & Associates cut its holdings in Ecolab Inc. (NYSE:ECL) by 2.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 27,657 shares of the company’s stock after selling 834 shares during the period. Papp L Roy & Associates’ holdings in Ecolab were worth $3,557,000 at the end of the most recent reporting period.
Other institutional investors have also bought and sold shares of the company. TCI Wealth Advisors Inc. lifted its stake in Ecolab by 4.8% in the second quarter. TCI Wealth Advisors Inc. now owns 763 shares of the company’s stock worth $101,000 after purchasing an additional 35 shares during the last quarter. Atlantic Trust LLC bought a new stake in Ecolab in the second quarter worth $106,000. IHT Wealth Management LLC lifted its stake in Ecolab by 4.9% in the second quarter. IHT Wealth Management LLC now owns 811 shares of the company’s stock worth $116,000 after purchasing an additional 38 shares during the last quarter. Atwood & Palmer Inc. lifted its stake in Ecolab by 2.9% in the second quarter. Atwood & Palmer Inc. now owns 892 shares of the company’s stock worth $118,000 after purchasing an additional 25 shares during the last quarter. Finally, Harfst & Associates Inc. bought a new stake in Ecolab in the first quarter worth $117,000. 75.70% of the stock is owned by institutional investors and hedge funds.
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In other Ecolab news, Director David Maclennan acquired 450 shares of the business’s stock in a transaction on Monday, November 6th. The shares were acquired at an average price of A$131.77 ($101.36) per share, for a total transaction of A$59,296.50 ($45,612.69). Following the completion of the acquisition, the director now owns 1,514 shares in the company, valued at A$199,499.78 ($153,461.37). The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Thomas W. Handley sold 7,397 shares of the company’s stock in a transaction dated Thursday, September 14th. The stock was sold at an average price of A$130.63 ($100.48), for a total transaction of A$966,270.11 ($743,284.70). The disclosure for this sale can be found here. 1.49% of the stock is owned by insiders.
Several research firms have weighed in on ECL. Canaccord Genuity boosted their price target on shares of Ecolab from $135.00 to $145.00 and gave the stock a “buy” rating in a research note on Friday, July 28th. BidaskClub raised shares of Ecolab from a “strong sell” rating to a “sell” rating in a research note on Wednesday, August 23rd. Jefferies Group LLC reissued a “hold” rating and issued a $130.00 price target on shares of Ecolab in a research note on Wednesday, August 16th. UBS AG reissued a “buy” rating and issued a $147.00 price target (up from $144.00) on shares of Ecolab in a research note on Tuesday, August 8th. Finally, Barclays PLC boosted their price target on shares of Ecolab from $135.00 to $145.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 1st. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of A$136.86 ($105.27).
Shares of Ecolab Inc. (NYSE ECL) traded up A$0.05 ($0.04) during midday trading on Monday, hitting A$130.30 ($100.23). 1,298,400 shares of the company traded hands, compared to its average volume of 924,325. Ecolab Inc. has a one year low of A$113.50 ($87.31) and a one year high of A$134.89 ($103.76). The company has a debt-to-equity ratio of 0.89, a current ratio of 1.23 and a quick ratio of 0.83. The stock has a market capitalization of $37,660.00, a PE ratio of 28.64, a P/E/G ratio of 2.17 and a beta of 1.04.
Ecolab (NYSE:ECL) last announced its quarterly earnings results on Tuesday, October 31st. The company reported A$1.37 ($1.05) earnings per share (EPS) for the quarter, beating the consensus estimate of A$1.36 ($1.05) by A$0.01 ($0.01). Ecolab had a net margin of 9.67% and a return on equity of 19.05%. The company had revenue of A$3.56 billion for the quarter, compared to analysts’ expectations of A$3.55 billion. During the same quarter in the previous year, the company earned $1.28 earnings per share. Ecolab’s quarterly revenue was up 5.2% on a year-over-year basis. equities analysts anticipate that Ecolab Inc. will post 4.7 EPS for the current year.
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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