Ecolab Inc. (ECL) Position Trimmed by Fuller & Thaler Asset Management Inc.

Fuller & Thaler Asset Management Inc. lessened its holdings in shares of Ecolab Inc. (NYSE:ECL) by 10.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 27,603 shares of the basic materials company’s stock after selling 3,105 shares during the period. Fuller & Thaler Asset Management Inc.’s holdings in Ecolab were worth $4,328,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in ECL. Colony Group LLC acquired a new stake in Ecolab in the second quarter valued at $211,000. Royal London Asset Management Ltd. acquired a new stake in Ecolab in the second quarter valued at $26,888,000. M Holdings Securities Inc. grew its holdings in Ecolab by 9.5% in the second quarter. M Holdings Securities Inc. now owns 8,116 shares of the basic materials company’s stock valued at $1,139,000 after purchasing an additional 706 shares during the last quarter. Gardiner Nancy B acquired a new stake in Ecolab in the third quarter valued at $523,000. Finally, Landmark Bank acquired a new stake in Ecolab in the second quarter valued at $1,195,000. 76.35% of the stock is currently owned by hedge funds and other institutional investors.

In related news, Chairman Douglas M. Baker, Jr. sold 40,025 shares of the stock in a transaction dated Wednesday, November 7th. The stock was sold at an average price of $160.20, for a total transaction of $6,412,005.00. Following the transaction, the chairman now directly owns 558,017 shares in the company, valued at $89,394,323.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Larry L. Berger sold 9,317 shares of the stock in a transaction dated Monday, September 10th. The stock was sold at an average price of $153.65, for a total value of $1,431,557.05. Following the transaction, the executive vice president now owns 31,093 shares in the company, valued at $4,777,439.45. The disclosure for this sale can be found here. Insiders sold 91,610 shares of company stock worth $14,397,458 over the last 90 days. Company insiders own 1.50% of the company’s stock.

Several analysts have weighed in on the company. Nomura upped their target price on Ecolab from $146.00 to $153.00 and gave the company a “neutral” rating in a report on Monday, August 13th. Zacks Investment Research lowered Ecolab from a “buy” rating to a “hold” rating in a report on Thursday, October 11th. Bank of America assumed coverage on Ecolab in a report on Tuesday, October 23rd. They issued a “buy” rating and a $123.00 target price on the stock. Oppenheimer upped their target price on Ecolab from $153.00 to $156.00 and gave the company an “outperform” rating in a report on Tuesday, August 7th. Finally, UBS Group lowered Ecolab from an “outperform” rating to a “market perform” rating in a report on Wednesday, November 21st. Ten investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $154.47.

Shares of NYSE:ECL opened at $160.49 on Friday. The company has a current ratio of 1.34, a quick ratio of 0.90 and a debt-to-equity ratio of 0.79. Ecolab Inc. has a 52-week low of $125.74 and a 52-week high of $160.92. The firm has a market capitalization of $46.36 billion, a PE ratio of 31.47, a P/E/G ratio of 2.39 and a beta of 0.87.

Ecolab (NYSE:ECL) last issued its quarterly earnings data on Tuesday, October 30th. The basic materials company reported $1.53 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.53. Ecolab had a return on equity of 19.13% and a net margin of 10.99%. The business had revenue of $3.75 billion for the quarter, compared to the consensus estimate of $3.74 billion. During the same period in the prior year, the business earned $1.37 earnings per share. The business’s revenue was up 5.1% on a year-over-year basis. On average, equities analysts anticipate that Ecolab Inc. will post 5.25 EPS for the current fiscal year.

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About Ecolab

Ecolab Inc provides water, hygiene, and energy technologies and services for customers worldwide. The company operates through Global Industrial, Global Institutional, and Global Energy segments. The Global Industrial segment provides water treatment and process applications, and cleaning and sanitizing solutions primarily to large industrial customers within the manufacturing, food and beverage processing, chemical, mining and primary metals, power generation, pulp and paper, and commercial laundry industries.

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Institutional Ownership by Quarter for Ecolab (NYSE:ECL)

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