Sigma Planning Corp decreased its stake in shares of Ecolab Inc. (NYSE:ECL – Free Report) by 9.6% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 3,666 shares of the basic materials company’s stock after selling 390 shares during the quarter. Sigma Planning Corp’s holdings in Ecolab were worth $988,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in Ecolab by 1.1% during the 1st quarter. Vanguard Group Inc. now owns 24,411,233 shares of the basic materials company’s stock worth $6,188,736,000 after buying an additional 261,489 shares during the last quarter. Pictet Asset Management Holding SA lifted its stake in Ecolab by 2.3% during the first quarter. Pictet Asset Management Holding SA now owns 4,089,226 shares of the basic materials company’s stock worth $1,036,485,000 after purchasing an additional 93,409 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in Ecolab by 4.0% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 3,805,952 shares of the basic materials company’s stock worth $964,885,000 after purchasing an additional 145,902 shares during the period. Royal Bank of Canada increased its stake in Ecolab by 0.8% during the first quarter. Royal Bank of Canada now owns 3,577,229 shares of the basic materials company’s stock valued at $906,900,000 after purchasing an additional 27,619 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its holdings in shares of Ecolab by 6.8% during the first quarter. Goldman Sachs Group Inc. now owns 2,718,340 shares of the basic materials company’s stock worth $689,154,000 after purchasing an additional 173,298 shares during the period. 74.91% of the stock is owned by institutional investors.
Ecolab Trading Down 2.4%
NYSE:ECL opened at $252.60 on Friday. The stock has a market cap of $71.55 billion, a price-to-earnings ratio of 36.29, a PEG ratio of 2.65 and a beta of 1.07. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.12 and a current ratio of 1.70. Ecolab Inc. has a 1 year low of $221.62 and a 1 year high of $286.04. The business has a fifty day moving average of $270.62 and a 200-day moving average of $266.73.
Analyst Ratings Changes
Several research analysts have recently commented on ECL shares. Barclays lifted their price target on shares of Ecolab from $275.00 to $300.00 and gave the company an “overweight” rating in a report on Wednesday, October 29th. Raymond James Financial started coverage on Ecolab in a research note on Tuesday, August 26th. They issued a “market perform” rating for the company. Baird R W upgraded Ecolab from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 30th. UBS Group reduced their price objective on Ecolab from $299.00 to $291.00 and set a “neutral” rating for the company in a research report on Friday, October 31st. Finally, JPMorgan Chase & Co. increased their target price on Ecolab from $250.00 to $265.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 29th. Three investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, Ecolab currently has an average rating of “Moderate Buy” and a consensus price target of $295.14.
Insider Transactions at Ecolab
In related news, Director David Maclennan purchased 600 shares of Ecolab stock in a transaction dated Wednesday, August 13th. The stock was bought at an average cost of $278.51 per share, with a total value of $167,106.00. Following the purchase, the director owned 20,253 shares in the company, valued at approximately $5,640,663.03. The trade was a 3.05% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Suzanne M. Vautrinot sold 1,354 shares of the firm’s stock in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $283.16, for a total transaction of $383,398.64. Following the transaction, the director owned 11,199 shares in the company, valued at $3,171,108.84. This represents a 10.79% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.04% of the company’s stock.
Ecolab Profile
Ecolab Inc provides water, hygiene, and infection prevention solutions and services in the United States and internationally. The company operates through three segments: Global Industrial; Global Institutional & Specialty; and Global Healthcare & Life Sciences. The Global Industrial segment offers water treatment and process applications, and cleaning and sanitizing solutions to manufacturing, food and beverage processing, transportation, chemical, metals and mining, power generation, pulp and paper, commercial laundry, petroleum, refining, and petrochemical industries.
Further Reading
- Five stocks we like better than Ecolab
- Dividend Capture Strategy: What You Need to Know
- CAVA Stock Looking for Direction After Earnings Miss
- Unveiling The Power Of VWAP: A Key Indicator For Traders
- 3 Small AI Stocks Ready to Explode (All Under $20)
- Biggest Stock Losers – Today’s Biggest Percentage Decliners
- After 16% Fall, Analysts Eye a Big Recovery in Meta Platforms
Want to see what other hedge funds are holding ECL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ecolab Inc. (NYSE:ECL – Free Report).
Receive News & Ratings for Ecolab Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ecolab and related companies with MarketBeat.com's FREE daily email newsletter.
