First National Bank of Omaha lowered its stake in shares of Ecolab Inc. (NYSE:ECL) by 7.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,804 shares of the basic materials company’s stock after selling 462 shares during the period. First National Bank of Omaha’s holdings in Ecolab were worth $1,149,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Certified Advisory Corp acquired a new position in shares of Ecolab during the second quarter valued at about $25,000. Krane Funds Advisors LLC acquired a new position in shares of Ecolab during the second quarter valued at about $25,000. Next Capital Management LLC acquired a new position in shares of Ecolab during the second quarter valued at about $27,000. Putnam FL Investment Management Co. acquired a new position in shares of Ecolab during the second quarter valued at about $28,000. Finally, Focused Wealth Management Inc acquired a new position in shares of Ecolab during the second quarter valued at about $30,000. Hedge funds and other institutional investors own 75.77% of the company’s stock.
ECL opened at $190.39 on Friday. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.24 and a quick ratio of 0.84. Ecolab Inc. has a fifty-two week low of $135.77 and a fifty-two week high of $209.87. The firm has a market capitalization of $55.62 billion, a PE ratio of 36.26, a P/E/G ratio of 2.65 and a beta of 0.81. The company’s 50-day moving average is $193.57 and its 200 day moving average is $194.37.
Ecolab (NYSE:ECL) last posted its earnings results on Tuesday, October 29th. The basic materials company reported $1.71 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $1.71. Ecolab had a net margin of 10.27% and a return on equity of 20.08%. The company had revenue of $3.82 billion for the quarter, compared to analyst estimates of $3.89 billion. During the same quarter in the prior year, the business posted $1.53 EPS. The firm’s revenue was up 1.9% compared to the same quarter last year. As a group, analysts expect that Ecolab Inc. will post 5.86 EPS for the current year.
In other Ecolab news, insider Catelan Leanne bought 50,000 shares of the stock in a transaction that occurred on Monday, October 14th. The shares were bought at an average price of $1.16 per share, for a total transaction of $58,000.00. Also, EVP Darrell R. Brown sold 12,678 shares of the company’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $198.09, for a total transaction of $2,511,385.02. Following the completion of the sale, the executive vice president now owns 21,061 shares in the company, valued at approximately $4,171,973.49. The disclosure for this sale can be found here. Corporate insiders own 1.52% of the company’s stock.
ECL has been the topic of several research reports. Credit Suisse Group set a $181.00 price objective on shares of Ecolab and gave the company a “neutral” rating in a report on Wednesday, July 31st. BMO Capital Markets upped their price objective on shares of Ecolab from $180.00 to $208.00 and gave the company a “market perform” rating in a report on Monday, August 5th. Citigroup dropped their price objective on shares of Ecolab from $206.00 to $204.00 and set a “neutral” rating on the stock in a report on Wednesday, October 30th. Canaccord Genuity upped their price objective on shares of Ecolab from $198.00 to $222.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Finally, Morgan Stanley upped their price objective on shares of Ecolab from $140.00 to $205.00 and gave the company an “equal weight” rating in a report on Monday, August 12th. Twelve analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Ecolab currently has an average rating of “Hold” and an average price target of $200.50.
Ecolab Inc provides water, hygiene, and energy technologies and services worldwide. The company operates through Global Industrial, Global Institutional, Global Energy, and Other segments. The Global Industrial segment offers water treatment and process applications, and cleaning and sanitizing solutions primarily to industrial customers within the manufacturing, food and beverage processing, transportation, chemical, primary metals and mining, power generation, pulp and paper, pharmaceutical, and commercial laundry.
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