Stanley Laman Group Ltd. bought a new stake in Ecolab Inc. (NYSE:ECL) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 3,956 shares of the basic materials company’s stock, valued at approximately $531,000.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Bank of Nova Scotia Trust Co. bought a new position in Ecolab in the 3rd quarter valued at about $257,000. Vident Investment Advisory LLC bought a new position in Ecolab in the 3rd quarter valued at about $412,000. TT International grew its position in Ecolab by 52.2% in the 3rd quarter. TT International now owns 73,369 shares of the basic materials company’s stock valued at $9,435,000 after buying an additional 25,169 shares in the last quarter. Pensionfund DSM Netherlands bought a new position in Ecolab in the 4th quarter valued at about $3,489,000. Finally, Markel Corp grew its position in Ecolab by 4.6% in the 3rd quarter. Markel Corp now owns 228,800 shares of the basic materials company’s stock valued at $29,426,000 after buying an additional 10,000 shares in the last quarter. Hedge funds and other institutional investors own 76.59% of the company’s stock.
In other Ecolab news, VP Larry L. Berger sold 5,197 shares of the firm’s stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $137.37, for a total value of $713,911.89. Following the completion of the transaction, the vice president now directly owns 33,110 shares in the company, valued at $4,548,320.70. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Bruno Lavandier sold 347 shares of the firm’s stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $134.77, for a total transaction of $46,765.19. Following the completion of the transaction, the senior vice president now owns 7,615 shares of the company’s stock, valued at $1,026,273.55. The disclosure for this sale can be found here. Over the last quarter, insiders sold 57,446 shares of company stock valued at $7,886,307. Corporate insiders own 1.49% of the company’s stock.
Ecolab Inc. (ECL) opened at $131.29 on Tuesday. Ecolab Inc. has a fifty-two week low of $121.50 and a fifty-two week high of $140.50. The company has a market cap of $37,989.34, a PE ratio of 28.90, a price-to-earnings-growth ratio of 1.92 and a beta of 1.06. The company has a quick ratio of 0.83, a current ratio of 1.23 and a debt-to-equity ratio of 0.89.
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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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