Ecolab Inc. (ECL) Shares Bought by Ameriprise Financial Inc.

Ameriprise Financial Inc. boosted its stake in Ecolab Inc. (NYSE:ECL) by 44.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 247,782 shares of the basic materials company’s stock after buying an additional 76,237 shares during the period. Ameriprise Financial Inc. owned approximately 0.09% of Ecolab worth $31,882,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of ECL. TCI Wealth Advisors Inc. raised its holdings in Ecolab by 4.8% in the 2nd quarter. TCI Wealth Advisors Inc. now owns 763 shares of the basic materials company’s stock valued at $101,000 after buying an additional 35 shares during the period. Atlantic Trust LLC purchased a new stake in Ecolab in the 2nd quarter valued at about $106,000. IHT Wealth Management LLC raised its holdings in Ecolab by 4.9% in the 2nd quarter. IHT Wealth Management LLC now owns 811 shares of the basic materials company’s stock valued at $116,000 after buying an additional 38 shares during the period. Atwood & Palmer Inc. raised its holdings in Ecolab by 2.9% in the 2nd 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 during the period. Finally, Sphera Funds Management LTD. purchased a new stake in Ecolab in the 2nd quarter valued at about $133,000. Hedge funds and other institutional investors own 76.98% of the company’s stock.

In other news, insider Thomas W. Handley sold 7,397 shares of the business’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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director David Maclennan acquired 450 shares of the stock in a transaction dated Monday, November 6th. The shares were bought at an average cost of $131.77 per share, with a total value of $59,296.50. Following the completion of the transaction, the director now owns 1,514 shares of the company’s stock, valued at approximately $199,499.78. The disclosure for this purchase can be found here. Insiders own 1.49% of the company’s stock.

A number of brokerages have issued reports on ECL. Royal Bank Of Canada boosted their price target on shares of Ecolab from $137.00 to $143.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 7th. Zacks Investment Research upgraded shares of Ecolab from a “sell” rating to a “hold” rating in a research note on Thursday, November 2nd. UBS boosted their price target on shares of Ecolab from $147.00 to $148.00 and gave the stock a “buy” rating in a research note on Wednesday, November 1st. Barclays boosted their price target on shares of Ecolab from $135.00 to $145.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 1st. Finally, Jefferies Group boosted their price target on shares of Ecolab from $130.00 to $140.00 and gave the stock a “hold” rating in a research note on Wednesday, November 1st. One analyst has rated the stock with a sell rating, ten have given a hold rating and seven have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $136.86.

Ecolab Inc. (NYSE ECL) opened at $137.74 on Tuesday. Ecolab Inc. has a 52-week low of $116.42 and a 52-week high of $137.79. The company has a market capitalization of $38,971.65, a PE ratio of 29.65, a PEG ratio of 2.25 and a beta of 1.05. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.83 and a current ratio of 1.23.

Ecolab (NYSE:ECL) last announced its quarterly earnings data on Tuesday, October 31st. The basic materials company reported $1.37 EPS for the quarter, topping the Zacks’ 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 during the quarter, compared to the consensus estimate of $3.55 billion. During the same period in the previous year, the company posted $1.28 earnings per share. The business’s revenue for the quarter was up 5.2% on a year-over-year basis. research analysts predict that Ecolab Inc. will post 4.7 EPS for the current year.

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About Ecolab

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.

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Institutional Ownership by Quarter for Ecolab (NYSE:ECL)

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