Clifford Swan Investment Counsel LLC lowered its stake in Ecolab Inc. (NYSE:ECL) by 14.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 15,003 shares of the basic materials company’s stock after selling 2,450 shares during the quarter. Clifford Swan Investment Counsel LLC’s holdings in Ecolab were worth $2,013,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Bank of Nova Scotia Trust Co. bought a new position in Ecolab in the third quarter valued at approximately $257,000. TT International lifted its stake in Ecolab by 52.2% in the third quarter. TT International now owns 73,369 shares of the basic materials company’s stock valued at $9,435,000 after buying an additional 25,169 shares in the last quarter. Vident Investment Advisory LLC bought a new position in Ecolab in the third quarter valued at approximately $412,000. Pensionfund DSM Netherlands bought a new position in Ecolab in the fourth quarter valued at approximately $3,489,000. Finally, Markel Corp lifted its stake in Ecolab by 4.6% in the third quarter. Markel Corp now owns 228,800 shares of the basic materials company’s stock valued at $29,426,000 after buying an additional 10,000 shares in the last quarter. 76.59% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Ecolab Inc. (NYSE ECL) opened at $131.49 on Monday. The company has a quick ratio of 0.83, a current ratio of 1.23 and a debt-to-equity ratio of 0.89. The company has a market cap of $37,990.00, a price-to-earnings ratio of 29.61, a PEG ratio of 1.92 and a beta of 1.06. Ecolab Inc. has a 1 year low of $121.50 and a 1 year high of $140.50.
A number of brokerages have weighed in on ECL. Boenning Scattergood reaffirmed a “buy” rating on shares of Ecolab in a research note on Monday, January 22nd. Royal Bank of Canada reaffirmed a “buy” rating on shares of Ecolab in a research note on Friday, January 19th. Credit Suisse Group lifted their price target on shares of Ecolab from $129.00 to $137.00 and gave the company a “neutral” rating in a research note on Wednesday, January 24th. Stifel Nicolaus lifted their price target on shares of Ecolab from $140.00 to $153.00 and gave the company a “hold” rating in a research note on Wednesday, January 24th. Finally, Robert W. Baird cut their price objective on shares of Ecolab from $144.00 to $143.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 23rd. One investment 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. The company presently has a consensus rating of “Hold” and a consensus target price of $140.07.
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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