Noteworthy Ownership Action: Ecolab Inc (NYSE:ECL): Institutional Investors Aren’t Crazy About It

November 24, 2016 - By Clifton Ray   ·   0 Comments

Noteworthy Ownership Action: Ecolab Inc (NYSE:ECL): Institutional Investors Aren't Crazy About It

Sentiment for Ecolab Inc (NYSE:ECL)

Ecolab Inc (NYSE:ECL) institutional sentiment decreased to 0.81 in Q2 2016. Its down -0.19, from 1 in 2016Q1. The ratio turned negative, as 337 investment professionals started new and increased positions, while 338 reduced and sold their positions in Ecolab Inc. The investment professionals in our partner’s database reported: 211.39 million shares, down from 225.07 million shares in 2016Q1. Also, the number of investment professionals holding Ecolab Inc in their top 10 positions increased from 34 to 35 for an increase of 1. Sold All: 43 Reduced: 295 Increased: 273 New Position: 64.

Ecolab Inc. provides water, hygiene and energy technologies and services. The company has a market cap of $34.18 billion. The Company’s divisions include Global Industrial, Global Institutional, Global Energy, Other and Corporate. It has a 32.36 P/E ratio. The Global Industrial segment consists of the Water, Food and Beverage, Paper and Textile Care operating units.

The stock increased 0.32% or $0.37 on November 23, hitting $116.79. Ecolab Inc. (NYSE:ECL) has risen 0.47% since April 22, 2016 and is uptrending. It has underperformed by 4.94% the S&P500.

Analysts await Ecolab Inc. (NYSE:ECL) to report earnings on February, 28. They expect $1.28 EPS, up 4.92% or $0.06 from last year’s $1.22 per share. ECL’s profit will be $374.61 million for 22.81 P/E if the $1.28 EPS becomes a reality. After $1.28 actual EPS reported by Ecolab Inc. for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

According to Zacks Investment Research, “Ecolab Inc. is the global leader in cleaning, sanitizing, food safety and infection control products and services. Ecolab delivers comprehensive programs and services to the foodservice, food and beverage processing, healthcare, and hospitality markets.”

Mcdonald Capital Investors Inc Ca holds 10.7% of its portfolio in Ecolab Inc. for 885,918 shares. Cam Group Holding A S owns 3.02 million shares or 6.85% of their US portfolio. Moreover, Cantillon Capital Management Llc has 6.2% invested in the company for 3.11 million shares. The Florida-based Dudley & Shanley Llc has invested 5.23% in the stock. Rothschild Capital Partners Llc, a Maryland-based fund reported 82,432 shares.#img1#

Insider Transactions: Since January 1, 0001, the stock had 0 buys, and 4 sales for $6.53 million net activity.

Ecolab Inc. (NYSE:ECL) Ratings Coverage

Ratings analysis reveals 60% of Ecolab’s analysts are positive. Out of 15 Wall Street analysts rating Ecolab, 9 give it “Buy”, 2 “Sell” rating, while 4 recommend “Hold”. The lowest target is $93 while the high is $143. The stock’s average target of $119.57 is 2.38% above today’s ($116.79) share price. ECL was included in 25 notes of analysts from July 30, 2015. The rating was maintained by Deutsche Bank on Monday, September 14 with “Buy”. Stifel Nicolaus maintained the stock with “Buy” rating in Wednesday, January 6 report. Deutsche Bank maintained Ecolab Inc. (NYSE:ECL) rating on Tuesday, August 11. Deutsche Bank has “Buy” rating and $130.0 price target. The firm has “Reduce” rating given on Monday, August 22 by Nomura. The rating was maintained by Citigroup with “Neutral” on Friday, July 15. The stock of Ecolab Inc. (NYSE:ECL) earned “Neutral” rating by Credit Suisse on Wednesday, February 24. As per Tuesday, January 19, the company rating was maintained by Oppenheimer. The rating was maintained by Piper Jaffray with “Overweight” on Tuesday, November 3. Deutsche Bank downgraded the shares of ECL in a report on Monday, October 19 to “Hold” rating. Barclays Capital maintained Ecolab Inc. (NYSE:ECL) on Wednesday, February 24 with “Overweight” rating.

ECL Company Profile

Ecolab Inc., incorporated on February 18, 1924, 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 clients in the foodservice, food and beverage processing, hospitality, healthcare, government and education, retail, textile care and commercial facilities management sectors in over 170 countries. The Company’s divisions include Global Industrial, Global Institutional, Global Energy, Other and Corporate. The Company’s products and technologies are also used in water treatment, pollution control, energy conservation, oil production and refining, steelmaking, papermaking, mining, and other industrial processes.

Another recent and important Ecolab Inc. (NYSE:ECL) news was published by Marketwatch.com which published an article titled: “Ecolab earnings boosted by cost cutting” on November 01, 2016.

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By Clifton Ray


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