Eagle Bluffs Wealth Management LLC Acquires 1,817 Shares of Ecolab Inc. (NYSE:ECL)

Eagle Bluffs Wealth Management LLC lifted its holdings in Ecolab Inc. (NYSE:ECLGet Rating) by 107.1% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 3,514 shares of the basic materials company’s stock after purchasing an additional 1,817 shares during the quarter. Eagle Bluffs Wealth Management LLC’s holdings in Ecolab were worth $540,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. ICW Investment Advisors LLC grew its position in Ecolab by 1.6% in the 1st quarter. ICW Investment Advisors LLC now owns 4,320 shares of the basic materials company’s stock valued at $763,000 after purchasing an additional 66 shares during the period. Girard Partners LTD. lifted its stake in shares of Ecolab by 0.3% during the 2nd quarter. Girard Partners LTD. now owns 25,466 shares of the basic materials company’s stock valued at $3,915,000 after buying an additional 66 shares in the last quarter. Carlson Capital Management grew its position in shares of Ecolab by 5.4% in the first quarter. Carlson Capital Management now owns 1,352 shares of the basic materials company’s stock valued at $239,000 after purchasing an additional 69 shares in the last quarter. Harfst & Associates Inc. boosted its position in shares of Ecolab by 2.5% in the second quarter. Harfst & Associates Inc. now owns 2,888 shares of the basic materials company’s stock valued at $444,000 after acquiring an additional 71 shares during the period. Finally, O Dell Group LLC raised its position in shares of Ecolab by 62.1% in the first quarter. O Dell Group LLC now owns 188 shares of the basic materials company’s stock worth $33,000 after buying an additional 72 shares in the last quarter. Institutional investors and hedge funds own 87.71% of the company’s stock.

Insider Buying and Selling

In other Ecolab news, EVP Angela M. Busch sold 2,300 shares of the stock in a transaction dated Wednesday, September 7th. The stock was sold at an average price of $170.66, for a total value of $392,518.00. Following the transaction, the executive vice president now owns 16,716 shares of the company’s stock, valued at $2,852,752.56. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, Director David Maclennan purchased 800 shares of the stock in a transaction on Tuesday, November 8th. The shares were acquired at an average price of $139.66 per share, with a total value of $111,728.00. Following the completion of the acquisition, the director now directly owns 12,597 shares of the company’s stock, valued at $1,759,297.02. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Angela M. Busch sold 2,300 shares of the company’s stock in a transaction dated Wednesday, September 7th. The stock was sold at an average price of $170.66, for a total value of $392,518.00. Following the completion of the transaction, the executive vice president now directly owns 16,716 shares of the company’s stock, valued at approximately $2,852,752.56. The disclosure for this sale can be found here. 1.04% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on ECL. StockNews.com initiated coverage on shares of Ecolab in a research report on Wednesday, October 12th. They set a “hold” rating on the stock. Seaport Res Ptn upgraded shares of Ecolab from a “neutral” rating to a “buy” rating in a research report on Thursday, October 13th. Mizuho lowered their price objective on shares of Ecolab from $178.00 to $158.00 and set a “neutral” rating for the company in a report on Wednesday, November 2nd. UBS Group decreased their target price on shares of Ecolab to $198.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 27th. Finally, BMO Capital Markets reduced their price objective on Ecolab from $169.00 to $143.00 and set a “market perform” rating on the stock in a research note on Thursday, November 3rd. Nine research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $180.82.

Ecolab Stock Up 0.8 %

Ecolab stock traded up $1.14 during mid-day trading on Thursday, hitting $150.06. The company had a trading volume of 1,274,244 shares, compared to its average volume of 1,749,512. Ecolab Inc. has a 12 month low of $131.04 and a 12 month high of $237.38. The company has a current ratio of 1.35, a quick ratio of 0.87 and a debt-to-equity ratio of 1.13. The stock’s 50 day moving average price is $147.83 and its two-hundred day moving average price is $157.19. The company has a market capitalization of $42.74 billion, a PE ratio of 38.18, a price-to-earnings-growth ratio of 2.61 and a beta of 1.03.

Ecolab Profile

(Get Rating)

Ecolab Inc provides water, hygiene, and infection prevention solutions and services in the United States and internationally. The company operates through Global Industrial, Global Institutional & Specialty, and Global Healthcare & Life Sciences segments. The Global Industrial segment offers water treatment and process applications, and cleaning and sanitizing solutions to manufacturing, food and beverage processing, transportation, chemical, metals and mining, power generation, pulp and paper, commercial laundry, petroleum, refining, and petrochemical industries.

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Institutional Ownership by Quarter for Ecolab (NYSE:ECL)

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