Ecolab Inc. (ECL) Stake Decreased by Fulcrum Capital LLC

Fulcrum Capital LLC lowered its stake in shares of Ecolab Inc. (NYSE:ECL) by 1.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,234 shares of the basic materials company’s stock after selling 512 shares during the quarter. Ecolab makes up about 1.6% of Fulcrum Capital LLC’s investment portfolio, making the stock its 27th largest holding. Fulcrum Capital LLC’s holdings in Ecolab were worth $4,113,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in ECL. Braun Bostich & Associates Inc. boosted its holdings in Ecolab by 487.7% in the second quarter. Braun Bostich & Associates Inc. now owns 858 shares of the basic materials company’s stock worth $120,000 after purchasing an additional 712 shares during the period. Squar Milner Financial Services LLC acquired a new position in Ecolab in the second quarter worth $126,000. Flagship Harbor Advisors LLC acquired a new position in Ecolab in the second quarter worth $139,000. LeJeune Puetz Investment Counsel LLC acquired a new position in Ecolab in the second quarter worth $154,000. Finally, Harfst & Associates Inc. acquired a new position in Ecolab in the second quarter worth $201,000. 76.10% of the stock is owned by institutional investors and hedge funds.

In related news, EVP Michael A. Hickey sold 32,468 shares of Ecolab stock in a transaction dated Thursday, September 13th. The shares were sold at an average price of $155.80, for a total transaction of $5,058,514.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Arthur J. Higgins sold 8,700 shares of Ecolab stock in a transaction dated Monday, August 27th. The shares were sold at an average price of $149.76, for a total transaction of $1,302,912.00. Following the sale, the director now owns 21,363 shares in the company, valued at $3,199,322.88. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 72,085 shares of company stock worth $11,061,315. Company insiders own 1.50% of the company’s stock.

ECL stock opened at $159.48 on Friday. The company has a current ratio of 1.34, a quick ratio of 0.90 and a debt-to-equity ratio of 0.79. The firm has a market capitalization of $45.32 billion, a price-to-earnings ratio of 34.00, a P/E/G ratio of 2.33 and a beta of 0.87. Ecolab Inc. has a 1 year low of $125.74 and a 1 year high of $160.61.

Ecolab (NYSE:ECL) last posted its earnings results on Tuesday, October 30th. The basic materials company reported $1.53 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.53. The company had revenue of $3.75 billion for the quarter, compared to analysts’ expectations of $3.74 billion. Ecolab had a return on equity of 19.13% and a net margin of 10.99%. The firm’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same period last year, the business posted $1.37 earnings per share. As a group, analysts predict that Ecolab Inc. will post 5.27 EPS for the current year.

ECL has been the subject of a number of research reports. UBS Group lifted 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. JPMorgan Chase & Co. raised shares of Ecolab from an “underweight” rating to a “neutral” rating in a report on Wednesday, August 1st. Nomura decreased their price objective on shares of Ecolab from $153.00 to $150.00 and set a “neutral” rating for the company in a report on Tuesday, October 16th. ValuEngine raised shares of Ecolab from a “hold” rating to a “buy” rating in a report on Friday, September 7th. Finally, Bank of America assumed coverage on Ecolab in a research note on Tuesday, October 23rd. They issued a “buy” rating and a $123.00 target price on the stock. Seven research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $154.47.

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Ecolab Company 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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