Venturi Wealth Management LLC Sells 678 Shares of Ecolab Inc. (ECL)

Venturi Wealth Management LLC lessened its stake in shares of Ecolab Inc. (NYSE:ECL) by 10.2% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,000 shares of the basic materials company’s stock after selling 678 shares during the quarter. Venturi Wealth Management LLC’s holdings in Ecolab were worth $784,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of ECL. AMP Capital Investors Ltd lifted its stake in shares of Ecolab by 0.4% in the third quarter. AMP Capital Investors Ltd now owns 174,150 shares of the basic materials company’s stock worth $22,397,000 after acquiring an additional 758 shares in the last quarter. Nomura Asset Management Co. Ltd. lifted its stake in shares of Ecolab by 6.2% in the third quarter. Nomura Asset Management Co. Ltd. now owns 34,076 shares of the basic materials company’s stock worth $4,382,000 after acquiring an additional 1,989 shares in the last quarter. King Luther Capital Management Corp lifted its stake in shares of Ecolab by 0.4% in the third quarter. King Luther Capital Management Corp now owns 820,822 shares of the basic materials company’s stock worth $105,566,000 after acquiring an additional 3,543 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec lifted its stake in shares of Ecolab by 7.4% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 13,082 shares of the basic materials company’s stock worth $1,690,000 after acquiring an additional 900 shares in the last quarter. Finally, Synovus Financial Corp lifted its stake in shares of Ecolab by 30.2% in the third quarter. Synovus Financial Corp now owns 45,044 shares of the basic materials company’s stock worth $5,794,000 after acquiring an additional 10,456 shares in the last quarter. Institutional investors own 76.98% of the company’s stock.

Several research analysts recently commented on the company. BidaskClub upgraded Ecolab from a “strong sell” rating to a “sell” rating in a research note on Wednesday, August 23rd. Jefferies Group reiterated a “hold” rating and issued a $130.00 price target on shares of Ecolab in a research note on Wednesday, August 16th. Barclays boosted their price target on Ecolab from $135.00 to $145.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 1st. Nomura reiterated a “hold” rating and issued a $117.00 price target (down previously from $120.00) on shares of Ecolab in a research note on Tuesday, September 12th. Finally, UBS boosted their price target on Ecolab from $147.00 to $148.00 and gave the stock a “buy” rating in a research note on Wednesday, November 1st. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and seven have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $136.86.

In other news, insider Thomas W. Handley sold 11,644 shares of the company’s stock in a transaction that occurred on Tuesday, December 5th. The stock was sold at an average price of $137.50, for a total transaction of $1,601,050.00. Following the completion of the transaction, the insider now directly owns 109,542 shares of the company’s stock, valued at $15,062,025. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director David Maclennan bought 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 acquisition, the director now directly 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 have sold 42,585 shares of company stock valued at $5,795,617 over the last ninety days. Corporate insiders own 1.49% of the company’s stock.

Shares of Ecolab Inc. (NYSE ECL) traded down $0.54 during trading on Thursday, reaching $136.88. The company had a trading volume of 1,018,100 shares, compared to its average volume of 943,540. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.83 and a current ratio of 1.23. The company has a market capitalization of $39,702.60, a price-to-earnings ratio of 30.20, a P/E/G ratio of 2.29 and a beta of 1.05. Ecolab Inc. has a 1 year low of $116.64 and a 1 year high of $137.96.

Ecolab (NYSE:ECL) last announced its quarterly earnings data on Tuesday, October 31st. The basic materials company reported $1.37 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.36 by $0.01. The firm had revenue of $3.56 billion during the quarter, compared to analyst estimates of $3.55 billion. Ecolab had a return on equity of 19.05% and a net margin of 9.67%. Ecolab’s quarterly revenue was up 5.2% on a year-over-year basis. During the same period in the previous year, the company earned $1.28 earnings per share. equities analysts anticipate 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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