Ecolab Inc. (ECL) Shares Bought by Chicago Capital LLC

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Chicago Capital LLC lifted its stake in shares of Ecolab Inc. (NYSE:ECL) by 4.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 12,691 shares of the basic materials company’s stock after buying an additional 545 shares during the quarter. Chicago Capital LLC’s holdings in Ecolab were worth $1,990,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Argus Investors Counsel Inc. grew its holdings in Ecolab by 18.8% in the third quarter. Argus Investors Counsel Inc. now owns 2,172 shares of the basic materials company’s stock worth $341,000 after purchasing an additional 343 shares during the period. Bailard Inc. grew its holdings in Ecolab by 6.1% in the second quarter. Bailard Inc. now owns 6,033 shares of the basic materials company’s stock worth $847,000 after purchasing an additional 347 shares during the period. Gyroscope Capital Management Group LLC grew its holdings in Ecolab by 19.5% in the third quarter. Gyroscope Capital Management Group LLC now owns 2,191 shares of the basic materials company’s stock worth $345,000 after purchasing an additional 358 shares during the period. Motley Fool Asset Management LLC grew its holdings in Ecolab by 13.6% in the second quarter. Motley Fool Asset Management LLC now owns 3,047 shares of the basic materials company’s stock worth $428,000 after purchasing an additional 364 shares during the period. Finally, North Star Asset Management Inc. grew its holdings in Ecolab by 0.5% in the third quarter. North Star Asset Management Inc. now owns 72,310 shares of the basic materials company’s stock worth $11,337,000 after purchasing an additional 364 shares during the period. Institutional investors own 76.10% of the company’s stock.

A number of equities research analysts have weighed in on ECL shares. Zacks Investment Research upgraded shares of Ecolab from a “hold” rating to a “buy” rating and set a $176.00 price objective on the stock in a report on Wednesday, October 10th. UBS Group upped their price objective on shares of Ecolab from $165.00 to $180.00 and gave the stock a “buy” rating in a report on Tuesday, October 2nd. Canaccord Genuity set a $160.00 price objective on shares of Ecolab and gave the stock a “buy” rating in a report on Tuesday, July 24th. BMO Capital Markets upped their target price on shares of Ecolab from $151.00 to $159.00 and gave the stock a “hold” rating in a research note on Thursday, November 1st. Finally, JPMorgan Chase & Co. upgraded shares of Ecolab from an “underweight” rating to a “neutral” rating in a research note on Wednesday, August 1st. Seven equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Ecolab has a consensus rating of “Buy” and an average price target of $153.75.

In related news, EVP Christophe Beck sold 25,500 shares of the stock in a transaction that occurred on Friday, August 10th. The shares were sold at an average price of $147.83, for a total transaction of $3,769,665.00. Following the transaction, the executive vice president now owns 27,649 shares in the company, valued at $4,087,351.67. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Victoria Reich sold 6,700 shares of the stock in a transaction that occurred on Thursday, August 9th. The shares were sold at an average price of $148.40, for a total transaction of $994,280.00. Following the transaction, the director now owns 20,987 shares in the company, valued at approximately $3,114,470.80. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 104,285 shares of company stock worth $15,825,260. 1.50% of the stock is owned by insiders.

Shares of NYSE ECL opened at $156.87 on Wednesday. The company has a market capitalization of $44.66 billion, a PE ratio of 30.31, a PEG ratio of 2.29 and a beta of 0.87. Ecolab Inc. has a 52-week low of $125.74 and a 52-week high of $159.92. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.90 and a current ratio of 1.34.

Ecolab (NYSE:ECL) last issued its earnings results on Tuesday, October 30th. The basic materials company reported $1.53 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.53. The firm had revenue of $3.75 billion for the quarter, compared to the consensus estimate of $3.74 billion. Ecolab had a net margin of 10.99% and a return on equity of 19.13%. The business’s revenue was up 5.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.37 earnings per share. On average, research analysts anticipate that Ecolab Inc. will post 5.27 earnings per share for the current year.

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Ecolab Profile

Ecolab Inc provides water, hygiene, and energy technologies and services for customers worldwide. The company operates through Global Industrial, Global Institutional, and Global Energy segments. The Global Industrial segment provides water treatment and process applications, and cleaning and sanitizing solutions primarily to large industrial customers within the manufacturing, food and beverage processing, chemical, mining and primary metals, power generation, pulp and paper, and commercial laundry industries.

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Institutional Ownership by Quarter for Ecolab (NYSE:ECL)

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