Today, Ecolab Inc. (ECL) Stake Decreased by Oregon Public Employees Retirement Fund

Today, Ecolab Inc. (ECL) Stake Decreased by Oregon Public Employees Retirement Fund

Oregon Public Employees Retirement Fund cut its position in Ecolab Inc. (NYSE:ECL) by 25.6% during the third quarter, Holdings Channel reports. The fund owned 27,266 shares of the company’s stock after selling 9,389 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Ecolab were worth $3,319,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the company. Welch & Forbes LLC increased its position in shares of Ecolab by 0.9% in the second quarter. Welch & Forbes LLC now owns 385,064 shares of the company’s stock worth $45,669,000 after buying an additional 3,472 shares during the last quarter. Compass Capital Management Inc. increased its position in Ecolab by 2.3% in the second quarter. Compass Capital Management Inc. now owns 175,873 shares of the company’s stock valued at $20,859,000 after buying an additional 3,991 shares during the last quarter. Intermede Investment Partners Ltd increased its position in Ecolab by 2.1% in the second quarter. Intermede Investment Partners Ltd now owns 159,707 shares of the company’s stock valued at $18,941,000 after buying an additional 3,235 shares during the last quarter. Aberdeen Asset Management PLC UK increased its position in Ecolab by 0.7% in the second quarter. Aberdeen Asset Management PLC UK now owns 312,422 shares of the company’s stock valued at $37,053,000 after buying an additional 2,148 shares during the last quarter. Finally, Woodstock Corp increased its position in Ecolab by 1.2% in the third quarter. Woodstock Corp now owns 67,553 shares of the company’s stock valued at $8,223,000 after buying an additional 830 shares during the last quarter. Hedge funds and other institutional investors own 74.26% of the company’s stock.

Ecolab Inc. (NYSE:ECL) traded down 0.26% on Monday, hitting $116.34. 1,070,936 shares of the stock traded hands. Ecolab Inc. has a 52-week low of $98.62 and a 52-week high of $124.60. The company’s 50 day moving average price is $115.32 and its 200-day moving average price is $118.70. The stock has a market cap of $33.92 billion, a price-to-earnings ratio of 32.34 and a beta of 0.89.

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

ECL has been the topic of several research analyst reports. Zacks Investment Research upgraded Ecolab from a “hold” rating to a “buy” rating and set a $136.00 price objective on the stock in a research note on Tuesday, October 4th. Citigroup Inc. upgraded Ecolab from a “neutral” rating to a “buy” rating and upped their price objective for the company from $127.00 to $141.00 in a research note on Wednesday, August 3rd. Canaccord Genuity upped their price objective on Ecolab from $126.00 to $135.00 and gave the company a “buy” rating in a research note on Wednesday, August 3rd. Barclays PLC reiterated a “buy” rating and issued a $135.00 price objective on shares of Ecolab in a research note on Monday, November 7th. Finally, Deutsche Bank AG upped their price objective on Ecolab from $118.00 to $126.00 and gave the company a “hold” rating in a research note on Wednesday, August 3rd. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and ten have given a buy rating to the company’s stock. Ecolab currently has an average rating of “Buy” and an average target price of $126.86.

In other Ecolab news, EVP Christophe Beck sold 5,789 shares of Ecolab stock in a transaction that occurred on Wednesday, September 7th. The shares were sold at an average price of $122.70, for a total value of $710,310.30. Following the completion of the sale, the executive vice president now owns 32,475 shares of the company’s stock, valued at approximately $3,984,682.50. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 1.50% of the stock is currently owned by company insiders.

Ecolab Company Profile

Ecolab Inc provides water, hygiene and energy technologies and services. The Company’s segments include Global Industrial, Global Institutional, Global Energy, Other and Corporate. The Global Industrial segment consists of the Water, Food and Beverage, Paper and Textile Care operating units. The Global Institutional segment consists of the Institutional, Specialty and Healthcare operating units.

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