Cetera Investment Advisers Has $265,000 Holdings in Ecolab Inc. (NYSE:ECL)

Cetera Investment Advisers lifted its stake in shares of Ecolab Inc. (NYSE:ECL) by 12.7% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 1,332 shares of the basic materials company’s stock after purchasing an additional 150 shares during the quarter. Cetera Investment Advisers’ holdings in Ecolab were worth $265,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the company. Greenleaf Trust grew its stake in shares of Ecolab by 2.6% in the second quarter. Greenleaf Trust now owns 3,674 shares of the basic materials company’s stock worth $725,000 after purchasing an additional 92 shares during the last quarter. Bridges Investment Management Inc. grew its stake in shares of Ecolab by 0.7% in the second quarter. Bridges Investment Management Inc. now owns 49,645 shares of the basic materials company’s stock worth $9,803,000 after purchasing an additional 325 shares during the last quarter. Candriam Luxembourg S.C.A. grew its stake in shares of Ecolab by 20.6% in the second quarter. Candriam Luxembourg S.C.A. now owns 27,503 shares of the basic materials company’s stock worth $7,971,000 after purchasing an additional 4,701 shares during the last quarter. Jacobs Levy Equity Management Inc. grew its stake in shares of Ecolab by 449.1% in the second quarter. Jacobs Levy Equity Management Inc. now owns 233,991 shares of the basic materials company’s stock worth $46,199,000 after purchasing an additional 191,377 shares during the last quarter. Finally, Cibc Bank USA grew its stake in shares of Ecolab by 9.1% in the third quarter. Cibc Bank USA now owns 2,239 shares of the basic materials company’s stock worth $443,000 after purchasing an additional 186 shares during the last quarter. Institutional investors own 75.08% of the company’s stock.

A number of analysts have commented on the stock. Morgan Stanley upped their price target on shares of Ecolab from $140.00 to $205.00 and gave the company an “equal weight” rating in a research report on Monday, August 12th. BMO Capital Markets upped their price target on shares of Ecolab from $180.00 to $208.00 and gave the company a “market perform” rating in a research report on Monday, August 5th. Nomura upped their price target on shares of Ecolab from $208.00 to $210.00 and gave the company a “buy” rating in a research report on Wednesday, August 7th. Canaccord Genuity upped their price target on shares of Ecolab from $198.00 to $222.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. Finally, Citigroup cut their price target on shares of Ecolab from $206.00 to $204.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 30th. Twelve investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Ecolab has a consensus rating of “Hold” and an average target price of $200.50.

Shares of ECL opened at $191.74 on Monday. The company has a current ratio of 1.24, a quick ratio of 0.84 and a debt-to-equity ratio of 0.69. The stock has a market capitalization of $55.27 billion, a P/E ratio of 36.52, a price-to-earnings-growth ratio of 2.63 and a beta of 0.81. The firm’s fifty day simple moving average is $192.89 and its two-hundred day simple moving average is $194.57. Ecolab Inc. has a 12 month low of $135.77 and a 12 month high of $209.87.

Ecolab (NYSE:ECL) last issued its quarterly earnings results on Tuesday, October 29th. The basic materials company reported $1.71 EPS for the quarter, meeting the Zacks’ consensus estimate of $1.71. The business had revenue of $3.82 billion for the quarter, compared to analysts’ expectations of $3.89 billion. Ecolab had a net margin of 10.27% and a return on equity of 20.08%. The business’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.53 earnings per share. As a group, research analysts predict that Ecolab Inc. will post 5.86 EPS for the current fiscal year.

In related news, insider Catelan Leanne acquired 50,000 shares of the business’s stock in a transaction dated Monday, October 14th. The shares were bought at an average price of $1.16 per share, with a total value of $58,000.00. Also, EVP Darrell R. Brown sold 12,678 shares of the stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $198.09, for a total transaction of $2,511,385.02. Following the transaction, the executive vice president now directly owns 21,061 shares in the company, valued at approximately $4,171,973.49. The disclosure for this sale can be found here. 1.52% of the stock is owned by corporate insiders.

About Ecolab

Ecolab Inc provides water, hygiene, and energy technologies and services worldwide. The company operates through Global Industrial, Global Institutional, Global Energy, and Other segments. The 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, transportation, chemical, primary metals and mining, power generation, pulp and paper, pharmaceutical, and commercial laundry.

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Institutional Ownership by Quarter for Ecolab (NYSE:ECL)

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