Ecolab Inc. (ECL) Stake Lifted by Middleton & Co Inc MA

Middleton & Co Inc MA lifted its holdings in Ecolab Inc. (NYSE:ECL) by 8.4% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 33,803 shares of the basic materials company’s stock after purchasing an additional 2,609 shares during the quarter. Middleton & Co Inc MA’s holdings in Ecolab were worth $4,347,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in the company. Guardian Life Insurance Co. of America grew its stake in shares of Ecolab by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 1,012 shares of the basic materials company’s stock worth $127,000 after purchasing an additional 7 shares in the last quarter. Rench Wealth Management Inc. grew its stake in shares of Ecolab by 0.3% in the first quarter. Rench Wealth Management Inc. now owns 2,995 shares of the basic materials company’s stock worth $375,000 after purchasing an additional 9 shares in the last quarter. Green Square Capital LLC boosted its stake in Ecolab by 0.3% during the second quarter. Green Square Capital LLC now owns 2,836 shares of the basic materials company’s stock valued at $377,000 after buying an additional 9 shares in the last quarter. Ironwood Investment Management LLC boosted its stake in Ecolab by 0.7% during the second quarter. Ironwood Investment Management LLC now owns 2,708 shares of the basic materials company’s stock valued at $359,000 after buying an additional 19 shares in the last quarter. Finally, Atwood & Palmer Inc. boosted its stake in Ecolab by 2.9% during the second quarter. Atwood & Palmer Inc. now owns 892 shares of the basic materials company’s stock valued at $118,000 after buying an additional 25 shares in the last quarter. 75.31% of the stock is owned by institutional investors.

Ecolab (NYSE:ECL) last released its earnings results on Tuesday, October 31st. The basic materials company reported $1.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.36 by $0.01. Ecolab had a return on equity of 19.05% and a net margin of 9.67%. The business had revenue of $3.56 billion for the quarter, compared to analyst estimates of $3.55 billion. During the same quarter in the prior year, the company posted $1.28 earnings per share. Ecolab’s revenue was up 5.2% on a year-over-year basis.

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In related news, insider Thomas W. Handley sold 7,397 shares of the company’s stock in a transaction dated Thursday, September 14th. The stock was sold at an average price of $130.63, for a total transaction of $966,270.11. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 1.49% of the company’s stock.

Several research analysts recently weighed in on ECL shares. Zacks Investment Research cut Ecolab from a “buy” rating to a “hold” rating in a research note on Thursday, July 27th. Royal Bank Of Canada raised their target price on Ecolab from $134.00 to $137.00 and gave the company an “outperform” rating in a research note on Tuesday, September 12th. Credit Suisse Group reaffirmed a “hold” rating on shares of Ecolab in a research note on Wednesday, September 6th. Deutsche Bank AG raised their target price on Ecolab from $132.00 to $134.00 and gave the company a “hold” rating in a research note on Wednesday, August 2nd. Finally, Morgan Stanley started coverage on Ecolab in a research note on Tuesday, August 15th. They set an “equal weight” rating and a $140.00 target price for the company. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and seven have assigned a buy rating to the company’s stock. Ecolab has a consensus rating of “Hold” and a consensus price target of $136.43.

Ecolab Profile

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.

Institutional Ownership by Quarter for Ecolab (NYSE:ECL)

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