Mawer Investment Management Ltd. lessened its holdings in shares of Ecolab Inc. (NYSE:ECL) by 13.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 211,758 shares of the basic materials company’s stock after selling 32,302 shares during the quarter. Mawer Investment Management Ltd.’s holdings in Ecolab were worth $45,816,000 at the end of the most recent quarter.
Several other institutional investors have also modified their holdings of ECL. NEXT Financial Group Inc lifted its stake in shares of Ecolab by 28.1% during the 3rd quarter. NEXT Financial Group Inc now owns 1,992 shares of the basic materials company’s stock worth $399,000 after purchasing an additional 437 shares during the period. Prestige Wealth Management Group LLC raised its position in shares of Ecolab by 4.7% in the 3rd quarter. Prestige Wealth Management Group LLC now owns 2,238 shares of the basic materials company’s stock worth $447,000 after buying an additional 100 shares during the period. MAI Capital Management purchased a new position in shares of Ecolab in the 3rd quarter worth $250,000. Cypress Asset Management Inc. TX purchased a new position in shares of Ecolab in the 3rd quarter worth $1,286,000. Finally, Lighthouse Financial Advisors Inc. raised its position in shares of Ecolab by 0.9% in the 3rd quarter. Lighthouse Financial Advisors Inc. now owns 12,066 shares of the basic materials company’s stock worth $2,411,000 after buying an additional 106 shares during the period. 73.58% of the stock is currently owned by institutional investors.
In other Ecolab news, EVP Elizabeth A. Simermeyer sold 515 shares of Ecolab stock in a transaction that occurred on Friday, December 11th. The shares were sold at an average price of $221.38, for a total transaction of $114,010.70. Following the transaction, the executive vice president now directly owns 7,827 shares in the company, valued at approximately $1,732,741.26. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Barbara Beck sold 13,900 shares of Ecolab stock in a transaction that occurred on Wednesday, December 2nd. The stock was sold at an average price of $222.26, for a total transaction of $3,089,414.00. Following the transaction, the director now owns 30,621 shares in the company, valued at $6,805,823.46. The disclosure for this sale can be found here. In the last 90 days, insiders sold 189,004 shares of company stock worth $41,798,636. 1.22% of the stock is currently owned by company insiders.
NYSE:ECL traded up $2.26 during mid-day trading on Tuesday, reaching $208.80. The stock had a trading volume of 13,313 shares, compared to its average volume of 925,767. The company has a market capitalization of $59.60 billion, a price-to-earnings ratio of -55.97, a price-to-earnings-growth ratio of 3.91 and a beta of 1.01. Ecolab Inc. has a 1-year low of $124.60 and a 1-year high of $231.36. The stock’s 50 day simple moving average is $213.90 and its two-hundred day simple moving average is $207.75. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.61 and a quick ratio of 1.19.
Ecolab (NYSE:ECL) last issued its earnings results on Tuesday, February 16th. The basic materials company reported $1.23 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.25 by ($0.02). Ecolab had a positive return on equity of 18.14% and a negative net margin of 8.21%. During the same quarter in the prior year, the firm posted $1.66 earnings per share. Sell-side analysts anticipate that Ecolab Inc. will post 4.03 EPS for the current fiscal year.
Several research analysts recently weighed in on the company. BMO Capital Markets increased their target price on Ecolab from $187.00 to $195.00 and gave the stock a “market perform” rating in a research report on Wednesday, October 28th. They noted that the move was a valuation call. Barclays increased their target price on Ecolab from $225.00 to $245.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 8th. Zacks Investment Research downgraded Ecolab from a “buy” rating to a “hold” rating and set a $221.00 price target for the company. in a report on Wednesday, February 17th. Gabelli upgraded Ecolab from a “hold” rating to a “buy” rating in a report on Friday, January 15th. Finally, Credit Suisse Group increased their price target on Ecolab from $180.00 to $210.00 and gave the company a “neutral” rating in a report on Thursday, January 28th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and six have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $206.50.
Ecolab Company Profile
Ecolab Inc provides water, hygiene, and energy technologies and services worldwide. Its Global Industrial segment offers water treatment and process applications, and cleaning and sanitizing solutions primarily to 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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