Fisher Asset Management LLC Boosts Stock Holdings in Ecolab Inc. (NYSE:ECL)

Fisher Asset Management LLC grew its position in shares of Ecolab Inc. (NYSE:ECLFree Report) by 9.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,375 shares of the basic materials company’s stock after acquiring an additional 115 shares during the quarter. Fisher Asset Management LLC’s holdings in Ecolab were worth $257,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently bought and sold shares of the company. Comgest Global Investors S.A.S. boosted its holdings in shares of Ecolab by 0.5% in the 2nd quarter. Comgest Global Investors S.A.S. now owns 11,952 shares of the basic materials company’s stock worth $2,231,000 after buying an additional 56 shares during the last quarter. Abbrea Capital LLC boosted its holdings in shares of Ecolab by 0.9% in the 1st quarter. Abbrea Capital LLC now owns 7,718 shares of the basic materials company’s stock worth $1,282,000 after buying an additional 70 shares during the last quarter. Baron Wealth Management LLC boosted its holdings in shares of Ecolab by 3.5% in the 1st quarter. Baron Wealth Management LLC now owns 2,096 shares of the basic materials company’s stock worth $347,000 after buying an additional 71 shares during the last quarter. Aspen Grove Capital LLC boosted its holdings in shares of Ecolab by 1.9% in the 1st quarter. Aspen Grove Capital LLC now owns 3,981 shares of the basic materials company’s stock worth $661,000 after buying an additional 75 shares during the last quarter. Finally, West Oak Capital LLC boosted its holdings in shares of Ecolab by 3.8% in the 2nd quarter. West Oak Capital LLC now owns 2,052 shares of the basic materials company’s stock worth $383,000 after buying an additional 75 shares during the last quarter. 73.91% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Evercore ISI upped their price objective on shares of Ecolab from $170.00 to $195.00 in a report on Wednesday, September 20th. TheStreet raised shares of Ecolab from a “c” rating to a “b-” rating in a report on Tuesday, August 1st. Morgan Stanley upped their price objective on shares of Ecolab from $175.00 to $190.00 and gave the company an “equal weight” rating in a report on Wednesday, August 2nd. StockNews.com raised shares of Ecolab from a “hold” rating to a “buy” rating in a report on Tuesday, November 7th. Finally, Wells Fargo & Company upped their price objective on shares of Ecolab from $208.00 to $215.00 and gave the company an “overweight” rating in a report on Wednesday, August 2nd. One research analyst has rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $194.64.

Get Our Latest Stock Report on ECL

Ecolab Stock Down 0.4 %

ECL stock opened at $184.35 on Monday. The company has a current ratio of 1.26, a quick ratio of 0.92 and a debt-to-equity ratio of 0.96. The company’s 50 day moving average is $170.87 and its 200 day moving average is $176.83. The stock has a market cap of $52.57 billion, a price-to-earnings ratio of 42.77, a price-to-earnings-growth ratio of 2.69 and a beta of 1.04. Ecolab Inc. has a 1-year low of $140.13 and a 1-year high of $191.41.

Ecolab (NYSE:ECLGet Free Report) last posted its quarterly earnings data on Tuesday, October 31st. The basic materials company reported $1.54 earnings per share for the quarter, topping the consensus estimate of $1.52 by $0.02. The company had revenue of $3.96 billion for the quarter, compared to analysts’ expectations of $3.99 billion. Ecolab had a net margin of 8.18% and a return on equity of 18.81%. Sell-side analysts predict that Ecolab Inc. will post 5.18 EPS for the current fiscal year.

Ecolab Profile

(Free Report)

Ecolab Inc provides water, hygiene, and infection prevention solutions and services in the United States and internationally. The company operates through Global Industrial, Global Institutional & Specialty, and Global Healthcare & Life Sciences segments. 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.

See Also

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Institutional Ownership by Quarter for Ecolab (NYSE:ECL)

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