Permanens Capital L.P. Has $59,000 Stock Position in Ecolab Inc. (NYSE:ECL)

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Permanens Capital L.P. lifted its holdings in shares of Ecolab Inc. (NYSE:ECL) by 100.0% in the third quarter, Holdings Channel.com reports. The institutional investor owned 300 shares of the basic materials company’s stock after acquiring an additional 150 shares during the period. Permanens Capital L.P.’s holdings in Ecolab were worth $59,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the company. Certified Advisory Corp acquired a new position in Ecolab in the 2nd quarter worth about $25,000. Krane Funds Advisors LLC acquired a new position in Ecolab in the 2nd quarter worth about $25,000. Next Capital Management LLC acquired a new position in Ecolab in the 2nd quarter worth about $27,000. Putnam FL Investment Management Co. acquired a new position in Ecolab in the 2nd quarter worth about $28,000. Finally, Focused Wealth Management Inc acquired a new position in Ecolab in the 2nd quarter worth about $30,000. 75.34% of the stock is owned by institutional investors.

In other Ecolab news, insider Catelan Leanne bought 50,000 shares of the business’s 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 2,280 shares of the company’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $207.95, for a total value of $474,126.00. Following the sale, the executive vice president now owns 8,061 shares in the company, valued at approximately $1,676,284.95. The disclosure for this sale can be found here. Corporate insiders own 1.52% of the company’s stock.

Shares of ECL stock traded down $0.52 on Tuesday, hitting $188.32. The company had a trading volume of 631,915 shares, compared to its average volume of 1,060,660. The firm has a market cap of $54.88 billion, a P/E ratio of 35.87, a P/E/G ratio of 2.61 and a beta of 0.81. The stock’s 50-day moving average is $193.34 and its two-hundred day moving average is $194.45. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.84 and a current ratio of 1.24. Ecolab Inc. has a twelve month low of $135.77 and a twelve month high of $209.87.

Ecolab (NYSE:ECL) last issued its quarterly earnings results on Tuesday, October 29th. The basic materials company reported $1.71 earnings per share for the quarter, meeting the consensus estimate of $1.71. The company had revenue of $3.82 billion during the quarter, compared to analysts’ expectations of $3.89 billion. Ecolab had a return on equity of 20.08% and a net margin of 10.27%. The business’s quarterly revenue was up 1.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.53 earnings per share. Equities research analysts predict that Ecolab Inc. will post 5.86 EPS for the current year.

A number of equities analysts have issued reports on the company. Morgan Stanley upped their target price on Ecolab from $140.00 to $205.00 and gave the stock an “equal weight” rating in a report on Monday, August 12th. BMO Capital Markets upped their target price on Ecolab from $180.00 to $208.00 and gave the stock a “market perform” rating in a report on Monday, August 5th. Robert W. Baird lowered their target price on Ecolab from $208.00 to $201.00 and set a “neutral” rating for the company in a report on Wednesday, October 30th. Credit Suisse Group set a $181.00 target price on Ecolab and gave the stock a “neutral” rating in a report on Wednesday, July 31st. Finally, Citigroup lowered their target price on Ecolab from $206.00 to $204.00 and set a “neutral” rating for the company in a report on Wednesday, October 30th. Twelve research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Ecolab presently has an average rating of “Hold” and a consensus price target of $200.50.

Ecolab Profile

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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Institutional Ownership by Quarter for Ecolab (NYSE:ECL)

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