Trade Report: Today, M&T Bank Corp lowers its Position in Ecolab Inc. (ECL)

Today, M&T Bank Corp lowers its Position in Ecolab Inc. (ECL)

M&T Bank Corp reduced its stake in shares of Ecolab Inc. (NYSE:ECL) by 1.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 89,796 shares of the company’s stock after selling 1,078 shares during the period. M&T Bank Corp’s holdings in Ecolab were worth $10,930,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Cypress Wealth Advisors LLC raised its stake in shares of Ecolab by 0.5% in the second quarter. Cypress Wealth Advisors LLC now owns 2,243 shares of the company’s stock worth $266,000 after buying an additional 12 shares during the last quarter. Private Trust Co. NA raised its stake in shares of Ecolab by 0.3% in the third quarter. Private Trust Co. NA now owns 5,032 shares of the company’s stock worth $612,000 after buying an additional 15 shares during the last quarter. Conning Inc. raised its stake in shares of Ecolab by 0.3% in the second quarter. Conning Inc. now owns 6,516 shares of the company’s stock worth $773,000 after buying an additional 20 shares during the last quarter. WFG Advisors LP raised its stake in shares of Ecolab by 0.8% in the second quarter. WFG Advisors LP now owns 3,285 shares of the company’s stock worth $390,000 after buying an additional 25 shares during the last quarter. Finally, Lincoln Capital LLC raised its stake in shares of Ecolab by 0.4% in the second quarter. Lincoln Capital LLC now owns 7,541 shares of the company’s stock worth $894,000 after buying an additional 27 shares during the last quarter. 75.30% of the stock is currently owned by institutional investors.

Shares of Ecolab Inc. (NYSE:ECL) traded down 0.13% during trading on Friday, hitting $116.64. The stock had a trading volume of 358,314 shares. The stock’s 50-day moving average price is $115.56 and its 200 day moving average price is $118.69. The stock has a market cap of $34.01 billion, a price-to-earnings ratio of 32.43 and a beta of 0.89. Ecolab Inc. has a one year low of $98.62 and a one year high of $124.60.

Ecolab (NYSE:ECL) last announced its quarterly earnings data on Tuesday, November 1st. The company reported $1.28 EPS for the quarter, meeting the Zacks’ consensus estimate of $1.28. The business earned $3.39 billion during the quarter, compared to analyst estimates of $3.49 billion. Ecolab had a net margin of 8.11% and a return on equity of 19.08%. The firm’s revenue for the quarter was down 1.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.28 earnings per share. On average, equities analysts forecast that Ecolab Inc. will post $4.41 EPS for the current year.

A number of brokerages have recently issued reports on ECL. Jefferies Group reaffirmed a “hold” rating and set a $125.00 target price on shares of Ecolab in a research report on Wednesday, November 9th. Nomura reaffirmed a “sell” rating on shares of Ecolab in a research report on Tuesday, November 8th. Barclays PLC reaffirmed a “buy” rating and set a $135.00 target price on shares of Ecolab in a research report on Monday, November 7th. Zacks Investment Research raised Ecolab from a “hold” rating to a “buy” rating and set a $136.00 price objective for the company in a report on Tuesday, October 4th. Finally, Macquarie initiated coverage on Ecolab in a report on Thursday, August 25th. They issued an “outperform” rating and a $143.00 price objective for the company. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and ten have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $126.86.

In other news, EVP Michael A. Hickey sold 17,761 shares of the company’s stock in a transaction dated Monday, August 29th. The shares were sold at an average price of $123.90, for a total transaction of $2,200,587.90. Following the completion of the transaction, the executive vice president now owns 61,342 shares of the company’s stock, valued at $7,600,273.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Christophe Beck sold 5,789 shares of the company’s stock in a transaction dated Wednesday, September 7th. The shares were sold at an average price of $122.70, for a total transaction of $710,310.30. Following the transaction, the executive vice president now directly owns 32,475 shares of the company’s stock, valued at approximately $3,984,682.50. The disclosure for this sale can be found here. Insiders own 1.50% of the company’s stock.

Ecolab Company Profile

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