Sowell Financial Services LLC Purchases New Stake in Ecolab Inc. (ECL)

Sowell Financial Services LLC purchased a new position in shares of Ecolab Inc. (NYSE:ECL) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 3,764 shares of the basic materials company’s stock, valued at approximately $590,000.

Several other hedge funds also recently modified their holdings of the company. Argus Investors Counsel Inc. lifted its holdings in Ecolab by 18.8% in the third quarter. Argus Investors Counsel Inc. now owns 2,172 shares of the basic materials company’s stock worth $341,000 after acquiring an additional 343 shares during the last quarter. Bailard Inc. lifted its holdings in Ecolab by 6.1% in the second quarter. Bailard Inc. now owns 6,033 shares of the basic materials company’s stock worth $847,000 after acquiring an additional 347 shares during the last quarter. Gyroscope Capital Management Group LLC lifted its holdings in Ecolab by 19.5% in the third quarter. Gyroscope Capital Management Group LLC now owns 2,191 shares of the basic materials company’s stock worth $345,000 after acquiring an additional 358 shares during the last quarter. Motley Fool Asset Management LLC lifted its holdings in Ecolab by 13.6% in the second quarter. Motley Fool Asset Management LLC now owns 3,047 shares of the basic materials company’s stock worth $428,000 after acquiring an additional 364 shares during the last quarter. Finally, North Star Asset Management Inc. lifted its holdings in Ecolab by 0.5% in the third quarter. North Star Asset Management Inc. now owns 72,310 shares of the basic materials company’s stock worth $11,337,000 after acquiring an additional 364 shares during the last quarter. 76.35% of the stock is currently owned by institutional investors and hedge funds.

In related news, EVP Timothy P. Mulhere sold 9,800 shares of the firm’s stock in a transaction that occurred on Thursday, September 6th. The shares were sold at an average price of $152.59, for a total transaction of $1,495,382.00. Following the transaction, the executive vice president now owns 29,482 shares in the company, valued at $4,498,658.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Douglas M. Baker, Jr. sold 40,025 shares of the firm’s stock in a transaction that occurred on Wednesday, November 7th. The shares were sold at an average price of $160.20, for a total transaction of $6,412,005.00. Following the transaction, the chairman now owns 558,017 shares in the company, valued at approximately $89,394,323.40. The disclosure for this sale can be found here. Insiders sold 91,610 shares of company stock worth $14,397,458 in the last 90 days. 1.50% of the stock is owned by company insiders.

Shares of NYSE:ECL opened at $160.49 on Friday. Ecolab Inc. has a 52 week low of $125.74 and a 52 week high of $160.92. The company has a market capitalization of $46.36 billion, a price-to-earnings ratio of 34.22, a PEG ratio of 2.39 and a beta of 0.87. 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 (NYSE:ECL) last announced its quarterly earnings results on Tuesday, October 30th. The basic materials company reported $1.53 EPS for the quarter, meeting the consensus estimate of $1.53. Ecolab had a net margin of 10.99% and a return on equity of 19.13%. The company had revenue of $3.75 billion for the quarter, compared to analyst estimates of $3.74 billion. During the same quarter last year, the business earned $1.37 earnings per share. Ecolab’s revenue was up 5.1% compared to the same quarter last year. Sell-side analysts predict that Ecolab Inc. will post 5.25 EPS for the current year.

A number of equities analysts have issued reports on the stock. Zacks Investment Research reissued a “sell” rating on shares of Ecolab in a report on Tuesday, November 13th. BMO Capital Markets raised their target price on shares of Ecolab from $151.00 to $159.00 and gave the stock a “hold” rating in a report on Thursday, November 1st. Oppenheimer reissued a “market perform” rating on shares of Ecolab in a report on Wednesday, November 21st. Deutsche Bank raised their price target on shares of Ecolab from $150.00 to $162.00 and gave the company a “hold” rating in a research note on Monday, November 5th. Finally, UBS Group lowered shares of Ecolab from an “outperform” rating to a “market perform” rating in a research note on Wednesday, November 21st. Ten analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $154.47.

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Ecolab Company Profile

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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