Advisors Asset Management Inc. Has $409,000 Stock Holdings in Ecolab Inc. (NYSE:ECL)

Advisors Asset Management Inc. lessened its holdings in Ecolab Inc. (NYSE:ECLGet Rating) by 31.9% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,662 shares of the basic materials company’s stock after selling 1,246 shares during the quarter. Advisors Asset Management Inc.’s holdings in Ecolab were worth $409,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Capital International Investors bought a new position in Ecolab during the 1st quarter worth $304,475,000. BlackRock Inc. raised its position in Ecolab by 7.6% during the 1st quarter. BlackRock Inc. now owns 20,319,742 shares of the basic materials company’s stock worth $3,587,655,000 after purchasing an additional 1,434,495 shares during the last quarter. Sustainable Growth Advisers LP bought a new position in Ecolab during the 1st quarter worth $223,516,000. Ceredex Value Advisors LLC bought a new position in Ecolab during the 1st quarter worth $153,507,000. Finally, Renaissance Technologies LLC raised its position in shares of Ecolab by 429.2% in the 1st quarter. Renaissance Technologies LLC now owns 904,997 shares of the basic materials company’s stock worth $159,786,000 after acquiring an additional 734,000 shares in the last quarter. 87.71% of the stock is currently owned by institutional investors.

Ecolab Trading Up 0.1 %

NYSE:ECL opened at $148.11 on Friday. The company has a current ratio of 1.35, a quick ratio of 0.87 and a debt-to-equity ratio of 1.13. The stock has a market capitalization of $42.19 billion, a PE ratio of 37.69, a price-to-earnings-growth ratio of 2.59 and a beta of 1.03. The firm’s 50 day moving average is $149.00 and its 200 day moving average is $157.60. Ecolab Inc. has a 12 month low of $131.04 and a 12 month high of $238.93.

Insider Buying and Selling

In related news, major shareholder William H. Gates III purchased 21,412 shares of the stock in a transaction that occurred on Monday, August 22nd. The shares were bought at an average price of $169.78 per share, with a total value of $3,635,329.36. Following the acquisition, the insider now owns 31,185,554 shares of the company’s stock, valued at approximately $5,294,683,358.12. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Ecolab news, major shareholder William H. Gates III bought 21,412 shares of the stock in a transaction on Monday, August 22nd. The shares were acquired at an average price of $169.78 per share, with a total value of $3,635,329.36. Following the acquisition, the insider now directly owns 31,185,554 shares of the company’s stock, valued at approximately $5,294,683,358.12. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director David Maclennan bought 800 shares of the stock in a transaction on Tuesday, November 8th. The shares were acquired at an average cost of $139.66 per share, for a total transaction of $111,728.00. Following the acquisition, the director now directly owns 12,597 shares in the company, valued at $1,759,297.02. The disclosure for this purchase can be found here. 1.04% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. Northcoast Research raised Ecolab from a “neutral” rating to a “buy” rating and set a $188.00 price objective for the company in a research report on Tuesday, September 6th. Credit Suisse Group lowered their price objective on Ecolab from $175.00 to $170.00 and set an “outperform” rating for the company in a research report on Monday, November 7th. BMO Capital Markets lowered their price objective on Ecolab from $169.00 to $143.00 and set a “market perform” rating for the company in a research report on Thursday, November 3rd. Seaport Res Ptn raised Ecolab from a “neutral” rating to a “buy” rating in a research report on Thursday, October 13th. Finally, StockNews.com assumed coverage on Ecolab in a research report on Wednesday, October 12th. They issued a “hold” rating for the company. Nine research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, Ecolab has an average rating of “Moderate Buy” and a consensus target price of $180.82.

Ecolab Company Profile

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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.

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Institutional Ownership by Quarter for Ecolab (NYSE:ECL)

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