Stock Worth Watching: Institutional Investors Are Selling Ecolab Inc (NYSE:ECL)

January 11, 2017 - By Marguerite Chambers   ·   0 Comments

Stock Worth Watching: Institutional Investors Are Selling Ecolab Inc (NYSE:ECL)

Sentiment for Ecolab Inc (NYSE:ECL)

Ecolab Inc (NYSE:ECL) institutional sentiment decreased to 0.81 in 2016 Q3. Its down -0.19, from 1 in 2016Q2. The ratio worsened, as 289 active investment managers increased or opened new equity positions, while 358 sold and decreased holdings in Ecolab Inc. The active investment managers in our partner’s database now own: 209.64 million shares, down from 211.39 million shares in 2016Q2. Also, the number of active investment managers holding Ecolab Inc in their top 10 equity positions increased from 35 to 40 for an increase of 5. Sold All: 41 Reduced: 317 Increased: 232 New Position: 57.

Ecolab Inc. provides water, hygiene and energy technologies and services. The company has a market cap of $34.19 billion. The Company’s divisions include Global Industrial, Global Institutional, Global Energy, Other and Corporate. It has a 32.77 P/E ratio. The Global Industrial segment consists of the Water, Food and Beverage, Paper and Textile Care operating units.

About 529,391 shares traded hands. Ecolab Inc. (NYSE:ECL) has declined 2.44% since June 7, 2016 and is downtrending. It has underperformed by 9.86% 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 $370.09 million for 23.10 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 10.79% of its portfolio in Ecolab Inc. for 933,311 shares. Cam Group Holding A S owns 3.14 million shares or 6.73% of their US portfolio. Moreover, Cantillon Capital Management Llc has 5.33% invested in the company for 3.10 million shares. The Florida-based Dudley & Shanley Llc has invested 5.32% in the stock. Lafleur & Godfrey Llc, a Michigan-based fund reported 136,436 shares.#img1#

Insider Transactions: Since January 1, 0001, the stock had 0 buys, and 3 selling transactions for $6.07 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 1.11% above today’s ($118.26) share price. ECL was included in 25 notes of analysts from July 30, 2015. Canaccord Genuity maintained Ecolab Inc. (NYSE:ECL) on Wednesday, February 24 with “Buy” rating. Goldman Sachs downgraded Ecolab Inc. (NYSE:ECL) rating on Monday, March 14. Goldman Sachs has “Sell” rating and $93 price target. The stock of Ecolab Inc. (NYSE:ECL) has “Buy” rating given on Tuesday, March 22 by Sterne Agee CRT. The firm earned “Outperform” rating on Tuesday, January 19 by Oppenheimer. Deutsche Bank downgraded Ecolab Inc. (NYSE:ECL) on Monday, October 19 to “Hold” rating. The company was maintained on Tuesday, November 3 by Oppenheimer. As per Tuesday, August 11, the company rating was maintained by Deutsche Bank. The firm has “Overweight” rating by Barclays Capital given on Wednesday, February 24. Deutsche Bank maintained Ecolab Inc. (NYSE:ECL) rating on Wednesday, February 24. Deutsche Bank has “Hold” rating and $110 price target. Citigroup maintained Ecolab Inc. (NYSE:ECL) rating on Monday, April 18. Citigroup has “Neutral” rating and $117 price target.

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.

More important recent Ecolab Inc. (NYSE:ECL) news were published by: Businesswire.com which released: “Ecolab Acquires Abednego Environmental Services to Further Strengthen Auto …” on January 11, 2017, also Businesswire.com published article titled: “Ecolab Foundation Awards $1.1 Million to Teachers in 2016 Through Visions for …”, Equitiesfocus.com published: “Ecolab Inc. (NYSE:ECL) To Pay Dividend Of $0.37” on January 10, 2017. More interesting news about Ecolab Inc. (NYSE:ECL) was released by: Nasdaq.com and their article: “Ecolab Inc. (ECL) Ex-Dividend Date Scheduled for December 16, 2016” with publication date: December 15, 2016.

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By Marguerite Chambers

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