Suntrust Banks Inc. cut its holdings in Ecolab Inc. (NYSE:ECL) by 1.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 277,983 shares of the basic materials company’s stock after selling 3,516 shares during the quarter. Suntrust Banks Inc.’s holdings in Ecolab were worth $37,298,000 as of its most recent SEC filing.
A number of other institutional investors have also modified their holdings of the business. Timber Hill LLC bought a new stake in Ecolab in the fourth quarter worth about $258,000. Baird Financial Group Inc. raised its position in Ecolab by 2.7% in the fourth quarter. Baird Financial Group Inc. now owns 172,263 shares of the basic materials company’s stock worth $23,114,000 after acquiring an additional 4,481 shares in the last quarter. Stanley Laman Group Ltd. bought a new stake in Ecolab in the fourth quarter worth about $531,000. Norinchukin Bank The raised its position in Ecolab by 1.0% in the fourth quarter. Norinchukin Bank The now owns 142,242 shares of the basic materials company’s stock worth $19,086,000 after acquiring an additional 1,404 shares in the last quarter. Finally, Ontario Teachers Pension Plan Board raised its position in Ecolab by 17.2% in the fourth quarter. Ontario Teachers Pension Plan Board now owns 87,201 shares of the basic materials company’s stock worth $11,701,000 after acquiring an additional 12,822 shares in the last quarter. Hedge funds and other institutional investors own 76.59% of the company’s stock.
ECL has been the topic of a number of analyst reports. UBS Group lifted 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. Barclays reissued a “buy” rating and issued a $150.00 price target on shares of Ecolab in a research note on Wednesday, December 27th. Boenning Scattergood reissued a “buy” rating on shares of Ecolab in a research note on Monday, January 22nd. Royal Bank of Canada reissued a “buy” rating on shares of Ecolab in a research note on Friday, January 19th. Finally, Zacks Investment Research raised Ecolab from a “hold” rating to a “buy” rating and set a $155.00 price target on the stock in a research note on Monday, January 29th. One analyst has rated the stock with a sell rating, ten have given a hold rating and nine have issued a buy rating to the company’s stock. Ecolab presently has a consensus rating of “Hold” and an average target price of $140.07.
Ecolab Inc. (NYSE:ECL) traded up $0.32 during trading hours on Tuesday, reaching $131.81. The company’s stock had a trading volume of 166,514 shares, compared to its average volume of 1,394,436. The company has a current ratio of 1.23, a quick ratio of 0.83 and a debt-to-equity ratio of 0.89. Ecolab Inc. has a 52 week low of $121.50 and a 52 week high of $140.50. The stock has a market cap of $37,989.34, a PE ratio of 28.90, a PEG ratio of 1.92 and a beta of 1.06.
In other news, EVP Michael A. Hickey sold 19,300 shares of Ecolab stock in a transaction dated Tuesday, December 5th. The stock was sold at an average price of $137.54, for a total transaction of $2,654,522.00. Following the completion of the sale, the executive vice president now directly owns 43,262 shares in the company, valued at approximately $5,950,255.48. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Douglas M. Baker, Jr. sold 18,000 shares of Ecolab stock in a transaction dated Wednesday, December 6th. The shares were sold at an average price of $137.09, for a total value of $2,467,620.00. Following the sale, the chief executive officer now owns 427,548 shares of the company’s stock, valued at $58,612,555.32. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 57,446 shares of company stock worth $7,886,307. Company insiders own 1.49% of the company’s stock.
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Ecolab Company Profile
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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