YHB Investment Advisors Inc. raised its stake in Ecolab Inc. (NYSE:ECL) by 11.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 112,974 shares of the company’s stock after purchasing an additional 11,379 shares during the period. Ecolab comprises 2.6% of YHB Investment Advisors Inc.’s investment portfolio, making the stock its 5th biggest position. YHB Investment Advisors Inc.’s holdings in Ecolab were worth $14,530,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds also recently bought and sold shares of the business. AKO Capital LLP acquired a new stake in Ecolab in the 3rd quarter valued at about $19,074,000. C WorldWide Group Holding A S raised its position in Ecolab by 1.8% in the 3rd quarter. C WorldWide Group Holding A S now owns 3,769,066 shares of the company’s stock valued at $484,739,000 after purchasing an additional 64,833 shares in the last quarter. Sei Investments Co. raised its position in Ecolab by 12.0% in the 3rd quarter. Sei Investments Co. now owns 522,579 shares of the company’s stock valued at $67,209,000 after purchasing an additional 55,834 shares in the last quarter. GW Henssler & Associates Ltd. raised its position in Ecolab by 1.1% in the 3rd quarter. GW Henssler & Associates Ltd. now owns 94,186 shares of the company’s stock valued at $12,113,000 after purchasing an additional 1,013 shares in the last quarter. Finally, Alps Advisors Inc. raised its position in Ecolab by 19.0% in the 3rd quarter. Alps Advisors Inc. now owns 2,540 shares of the company’s stock valued at $327,000 after purchasing an additional 406 shares in the last quarter.
In related news, insider Thomas W. Handley sold 7,397 shares of Ecolab stock in a transaction that occurred on Thursday, September 14th. The stock was sold at an average price of A$130.63 ($100.48), for a total value of A$966,270.11 ($743,284.70). The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director David Maclennan purchased 450 shares of the firm’s stock in a transaction that occurred on Monday, November 6th. The stock was acquired at an average price of A$131.77 ($101.36) per share, for a total transaction of A$59,296.50 ($45,612.69). Following the completion of the purchase, the director now owns 1,514 shares of the company’s stock, valued at A$199,499.78 ($153,461.37). The disclosure for this purchase can be found here.
A number of equities research analysts have issued reports on the company. Credit Suisse Group reaffirmed a “hold” rating on shares of Ecolab in a research report on Wednesday, September 6th. Stifel Nicolaus reissued a “hold” rating and set a $130.00 target price on shares of Ecolab in a research report on Thursday, August 3rd. Robert W. Baird reissued a “hold” rating and set a $140.00 target price on shares of Ecolab in a research report on Thursday, October 12th. Zacks Investment Research lowered Ecolab from a “buy” rating to a “hold” rating in a research report on Thursday, July 27th. Finally, Royal Bank Of Canada raised their target price on Ecolab from $137.00 to $143.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 7th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and seven have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of A$136.86 ($105.27).
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Shares of Ecolab Inc. (ECL) traded up A$0.05 ($0.04) during mid-day trading on Friday, hitting A$130.30 ($100.23). The company’s stock had a trading volume of 1,300,000 shares, compared to its average volume of 952,624. Ecolab Inc. has a one year low of A$113.50 ($87.31) and a one year high of A$134.89 ($103.76).
Ecolab (NYSE:ECL) last announced its earnings results on Tuesday, October 31st. The company reported A$1.37 ($1.05) earnings per share for the quarter, beating the consensus estimate of A$1.36 ($1.05) by A$0.01 ($0.01). Ecolab had a return on equity of 22.26% and a net margin of 11.11%. The company had revenue of A$3.56 billion for the quarter, compared to the consensus estimate of A$3.55 billion. During the same period last year, the business posted $1.28 EPS. The company’s revenue was up 5.2% on a year-over-year basis.
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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