Bessemer Group Inc. reduced its stake in Ecolab Inc. (NYSE:ECL) by 57.3% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 10,937 shares of the basic materials company’s stock after selling 14,666 shares during the quarter. Bessemer Group Inc.’s holdings in Ecolab were worth $1,406,000 at the end of the most recent quarter.
A number of other large investors also recently modified their holdings of ECL. Vanguard Group Inc. grew its holdings in shares of Ecolab by 1.9% during the 2nd quarter. Vanguard Group Inc. now owns 20,842,027 shares of the basic materials company’s stock worth $2,766,780,000 after purchasing an additional 387,804 shares during the period. BlackRock Inc. grew its holdings in shares of Ecolab by 2.0% during the 2nd quarter. BlackRock Inc. now owns 15,325,707 shares of the basic materials company’s stock worth $2,034,488,000 after purchasing an additional 293,303 shares during the period. State Street Corp grew its holdings in shares of Ecolab by 0.3% during the 1st quarter. State Street Corp now owns 11,935,943 shares of the basic materials company’s stock worth $1,496,059,000 after purchasing an additional 31,277 shares during the period. Clearbridge Investments LLC grew its holdings in shares of Ecolab by 6.8% during the 1st quarter. Clearbridge Investments LLC now owns 5,012,431 shares of the basic materials company’s stock worth $628,258,000 after purchasing an additional 320,253 shares during the period. Finally, C WorldWide Group Holding A S grew its holdings in shares of Ecolab by 8.3% during the 2nd quarter. C WorldWide Group Holding A S now owns 3,704,233 shares of the basic materials company’s stock worth $491,737,000 after purchasing an additional 285,258 shares during the period. Institutional investors own 75.70% of the company’s stock.
In other Ecolab news, insider Thomas W. Handley sold 7,397 shares of the stock in a transaction dated Thursday, September 14th. The stock was sold at an average price of $130.63, for a total value of $966,270.11. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director David Maclennan purchased 450 shares of Ecolab stock in a transaction on Monday, November 6th. The stock was bought at an average cost of $131.77 per share, for a total transaction of $59,296.50. Following the transaction, the director now directly owns 1,514 shares in the company, valued at $199,499.78. The disclosure for this purchase can be found here. 1.49% of the stock is owned by company insiders.
Shares of Ecolab Inc. (ECL) opened at $131.40 on Wednesday. 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 $38,032.68, a PE ratio of 28.93, a price-to-earnings-growth ratio of 2.20 and a beta of 1.04. Ecolab Inc. has a 12-month low of $113.50 and a 12-month high of $134.89.
Ecolab (NYSE:ECL) last posted its quarterly earnings results on Tuesday, October 31st. The basic materials company reported $1.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.36 by $0.01. The company had revenue of $3.56 billion for the quarter, compared to analyst estimates of $3.55 billion. Ecolab had a return on equity of 19.05% and a net margin of 9.67%. Ecolab’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same quarter last year, the company earned $1.28 EPS. equities research analysts expect that Ecolab Inc. will post 4.7 earnings per share for the current fiscal year.
A number of research firms have recently weighed in on ECL. Royal Bank Of Canada increased their price target on Ecolab from $137.00 to $143.00 and gave the stock an “outperform” rating in a report on Tuesday, November 7th. Zacks Investment Research upgraded Ecolab from a “sell” rating to a “hold” rating in a report on Thursday, November 2nd. UBS AG increased their price target on Ecolab from $147.00 to $148.00 and gave the stock a “buy” rating in a report on Wednesday, November 1st. Barclays PLC increased their price target on Ecolab from $135.00 to $145.00 and gave the stock an “overweight” rating in a report on Wednesday, November 1st. Finally, Jefferies Group LLC increased their price target on Ecolab from $130.00 to $140.00 and gave the stock a “hold” rating in a report on Wednesday, November 1st. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and seven have issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $136.86.
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.
Want to see what other hedge funds are holding ECL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ecolab Inc. (NYSE:ECL).
Receive News & 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 companies with MarketBeat.com's FREE daily email newsletter.