TimesSquare Capital Management LLC decreased its holdings in shares of Ecolab Inc. (NYSE:ECL) by 2.7% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 799,095 shares of the basic materials company’s stock after selling 21,805 shares during the quarter. TimesSquare Capital Management LLC owned about 0.28% of Ecolab worth $102,772,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of ECL. Soros Fund Management LLC acquired a new stake in shares of Ecolab during the first quarter worth $1,065,000. Investment Centers of America Inc. boosted its holdings in shares of Ecolab by 1.6% during the first quarter. Investment Centers of America Inc. now owns 6,437 shares of the basic materials company’s stock worth $809,000 after purchasing an additional 103 shares during the last quarter. AQR Capital Management LLC boosted its holdings in shares of Ecolab by 5.8% during the first quarter. AQR Capital Management LLC now owns 69,206 shares of the basic materials company’s stock worth $8,674,000 after purchasing an additional 3,796 shares during the last quarter. Paloma Partners Management Co boosted its holdings in shares of Ecolab by 288.1% during the first quarter. Paloma Partners Management Co now owns 25,903 shares of the basic materials company’s stock worth $3,247,000 after purchasing an additional 19,228 shares during the last quarter. Finally, Baker Avenue Asset Management LP acquired a new stake in shares of Ecolab during the first quarter worth $783,000. Institutional investors and hedge funds own 75.74% of the company’s stock.

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Several research firms have recently issued reports on ECL. Royal Bank Of Canada raised their price objective on Ecolab from $137.00 to $143.00 and gave the stock an “outperform” rating in a report on Tuesday, November 7th. Zacks Investment Research upgraded Ecolab from a “sell” rating to a “hold” rating in a report on Thursday, November 2nd. UBS Group AG lifted their target price on Ecolab from $147.00 to $148.00 and gave the company a “buy” rating in a report on Wednesday, November 1st. Barclays PLC lifted their target price on Ecolab from $135.00 to $145.00 and gave the company an “overweight” rating in a report on Wednesday, November 1st. Finally, Jefferies Group LLC lifted their target price on Ecolab from $130.00 to $140.00 and gave the company a “hold” rating in a report on Wednesday, November 1st. One analyst has rated the stock with a sell rating, ten have issued a hold rating and seven have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $136.86.

Shares of Ecolab Inc. (NYSE ECL) traded up $0.54 during midday trading on Thursday, hitting $132.99. The stock had a trading volume of 1,331,200 shares, compared to its average volume of 936,676. Ecolab Inc. has a twelve month low of $115.78 and a twelve month high of $134.89. The stock has a market capitalization of $38,580.00, a price-to-earnings ratio of 29.11, a price-to-earnings-growth ratio of 2.21 and a beta of 1.04. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.83 and a current ratio of 1.23.

Ecolab (NYSE:ECL) last announced its earnings results on Tuesday, October 31st. The basic materials company reported $1.37 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.36 by $0.01. The business had revenue of $3.56 billion for the quarter, compared to analyst estimates of $3.55 billion. Ecolab had a return on equity of 19.05% and a net margin of 9.67%. The company’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same period in the previous year, the company earned $1.28 earnings per share. research analysts expect that Ecolab Inc. will post 4.7 EPS for the current fiscal year.

In other Ecolab news, insider Thomas W. Handley sold 7,397 shares of the company’s stock in a transaction on Thursday, September 14th. The stock was sold at an average price of $130.63, for a total value of $966,270.11. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director David Maclennan purchased 450 shares of the company’s stock in a transaction on Monday, November 6th. The stock was bought at an average cost of $131.77 per share, for a total transaction of $59,296.50. Following the acquisition, the director now directly owns 1,514 shares of the company’s stock, valued at approximately $199,499.78. The disclosure for this purchase can be found here. Corporate insiders own 1.49% of the company’s stock.

Ecolab Profile

Ecolab Inc 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 customers in the foodservice, food and beverage processing, hospitality, healthcare, government and education, retail, textile care and commercial facilities management sectors in over 170 countries.

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Institutional Ownership by Quarter for Ecolab (NYSE:ECL)

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