Endurance Wealth Management Inc. Sells 377 Shares of Ecolab Inc. (NYSE:ECL)

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Endurance Wealth Management Inc. cut its stake in Ecolab Inc. (NYSE:ECL) by 1.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 23,163 shares of the basic materials company’s stock after selling 377 shares during the quarter. Endurance Wealth Management Inc.’s holdings in Ecolab were worth $4,587,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently modified their holdings of the company. Capital Management Corp VA grew its stake in shares of Ecolab by 3.9% during the second quarter. Capital Management Corp VA now owns 1,335 shares of the basic materials company’s stock valued at $264,000 after buying an additional 50 shares during the last quarter. Gamble Jones Investment Counsel grew its stake in shares of Ecolab by 0.6% in the second quarter. Gamble Jones Investment Counsel now owns 8,072 shares of the basic materials company’s stock worth $1,594,000 after purchasing an additional 50 shares during the last quarter. Johnson Financial Group Inc. grew its stake in shares of Ecolab by 2.6% in the second quarter. Johnson Financial Group Inc. now owns 2,195 shares of the basic materials company’s stock worth $433,000 after purchasing an additional 56 shares during the last quarter. NuWave Investment Management LLC grew its stake in shares of Ecolab by 4.9% in the second quarter. NuWave Investment Management LLC now owns 1,232 shares of the basic materials company’s stock worth $243,000 after purchasing an additional 58 shares during the last quarter. Finally, Pillar Pacific Capital Management LLC grew its stake in shares of Ecolab by 4.9% in the second quarter. Pillar Pacific Capital Management LLC now owns 1,271 shares of the basic materials company’s stock worth $251,000 after purchasing an additional 59 shares during the last quarter. 75.77% of the stock is owned by hedge funds and other institutional investors.

In other Ecolab news, insider Catelan Leanne acquired 50,000 shares of the business’s stock in a transaction dated Monday, October 14th. The stock was purchased at an average price of $1.16 per share, with a total value of $58,000.00. Also, EVP Darrell R. Brown sold 2,280 shares of the business’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $207.95, for a total transaction of $474,126.00. Following the sale, the executive vice president now directly owns 8,061 shares of the company’s stock, valued at approximately $1,676,284.95. The disclosure for this sale can be found here. 1.52% of the stock is currently owned by insiders.

Shares of ECL stock traded down $0.41 during trading hours on Friday, hitting $190.39. 574,927 shares of the company’s stock traded hands, compared to its average volume of 1,065,207. Ecolab Inc. has a 12-month low of $135.77 and a 12-month high of $209.87. The stock has a market cap of $55.62 billion, a price-to-earnings ratio of 36.26, a PEG ratio of 2.65 and a beta of 0.81. The stock’s fifty day simple moving average is $193.57 and its two-hundred day simple moving average is $194.37. The company has a quick ratio of 0.84, a current ratio of 1.24 and a debt-to-equity ratio of 0.69.

Ecolab (NYSE:ECL) last announced its quarterly earnings data on Tuesday, October 29th. The basic materials company reported $1.71 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.71. Ecolab had a net margin of 10.27% and a return on equity of 20.08%. The company had revenue of $3.82 billion during the quarter, compared to analyst estimates of $3.89 billion. During the same period in the previous year, the business earned $1.53 EPS. The firm’s revenue for the quarter was up 1.9% on a year-over-year basis. On average, equities analysts forecast that Ecolab Inc. will post 5.86 earnings per share for the current fiscal year.

Several analysts recently issued reports on ECL shares. Morgan Stanley raised their target price on Ecolab from $140.00 to $205.00 and gave the stock an “equal weight” rating in a research note on Monday, August 12th. BMO Capital Markets raised their target price on Ecolab from $180.00 to $208.00 and gave the stock a “market perform” rating in a research note on Monday, August 5th. UBS Group cut their target price on Ecolab from $202.00 to $198.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 30th. Canaccord Genuity raised their target price on Ecolab from $198.00 to $222.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Finally, Robert W. Baird cut their price objective on Ecolab from $208.00 to $201.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 30th. Twelve investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $200.50.

Ecolab Profile

Ecolab Inc provides water, hygiene, and energy technologies and services worldwide. The company operates through Global Industrial, Global Institutional, Global Energy, and Other segments. The Global Industrial segment offers water treatment and process applications, and cleaning and sanitizing solutions primarily to industrial customers within the manufacturing, food and beverage processing, transportation, chemical, primary metals and mining, power generation, pulp and paper, pharmaceutical, and commercial laundry.

Further Reading: Percentage Decliners

Institutional Ownership by Quarter for Ecolab (NYSE:ECL)

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