Nicollet Investment Management Inc. Has $5.69 Million Position in Ecolab Inc. (NYSE:ECL)

Nicollet Investment Management Inc. trimmed its stake in shares of Ecolab Inc. (NYSE:ECL) by 0.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,298 shares of the basic materials company’s stock after selling 46 shares during the quarter. Ecolab comprises approximately 2.0% of Nicollet Investment Management Inc.’s investment portfolio, making the stock its 17th biggest position. Nicollet Investment Management Inc.’s holdings in Ecolab were worth $5,693,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Coastline Trust Co acquired a new position in Ecolab in the 3rd quarter valued at about $26,000. Triad Wealth Partners LLC bought a new position in shares of Ecolab during the second quarter worth approximately $26,000. PSI Advisors LLC acquired a new stake in shares of Ecolab in the second quarter valued at approximately $27,000. Kings Path Partners LLC bought a new stake in shares of Ecolab in the second quarter valued at approximately $27,000. Finally, LRI Investments LLC acquired a new stake in Ecolab during the first quarter worth approximately $31,000. 74.91% of the stock is currently owned by institutional investors and hedge funds.

Ecolab Stock Down 1.0 %

Shares of NYSE:ECL opened at $245.11 on Friday. The business has a fifty day simple moving average of $252.35 and a 200 day simple moving average of $243.69. Ecolab Inc. has a 12-month low of $182.39 and a 12-month high of $262.61. The firm has a market cap of $69.41 billion, a P/E ratio of 34.38, a P/E/G ratio of 2.50 and a beta of 1.13. The company has a quick ratio of 0.97, a current ratio of 1.30 and a debt-to-equity ratio of 0.81.

Ecolab (NYSE:ECL) last announced its earnings results on Tuesday, October 29th. The basic materials company reported $1.83 EPS for the quarter, beating the consensus estimate of $1.82 by $0.01. The business had revenue of $4 billion for the quarter, compared to analysts’ expectations of $4.03 billion. Ecolab had a return on equity of 22.12% and a net margin of 13.05%. The firm’s revenue was up 1.0% on a year-over-year basis. During the same period in the prior year, the business posted $1.54 earnings per share. Analysts predict that Ecolab Inc. will post 6.65 earnings per share for the current year.

Insider Buying and Selling at Ecolab

In related news, EVP Gregory B. Cook sold 3,811 shares of the business’s stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $249.33, for a total transaction of $950,196.63. Following the transaction, the executive vice president now owns 8,080 shares in the company, valued at $2,014,586.40. The trade was a 32.05 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Victoria Reich sold 393 shares of the firm’s stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $250.00, for a total transaction of $98,250.00. Following the completion of the sale, the director now owns 24,041 shares of the company’s stock, valued at $6,010,250. The trade was a 1.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 478,355 shares of company stock valued at $117,922,965. 0.04% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several analysts have recently issued reports on ECL shares. Robert W. Baird increased their target price on Ecolab from $271.00 to $279.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. Piper Sandler upped their price objective on shares of Ecolab from $270.00 to $305.00 and gave the stock an “overweight” rating in a research report on Thursday, September 26th. Royal Bank of Canada restated an “outperform” rating and issued a $306.00 target price on shares of Ecolab in a research report on Wednesday, October 30th. UBS Group lowered shares of Ecolab from a “buy” rating to a “neutral” rating and set a $276.00 price target on the stock. in a research report on Monday, November 4th. Finally, Wells Fargo & Company restated a “market perform” rating on shares of Ecolab in a research report on Friday, October 18th. Eight research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $277.20.

About Ecolab

Ecolab Inc provides water, hygiene, and infection prevention solutions and services in the United States and internationally. The company operates through three segments: Global Industrial; Global Institutional & Specialty; and Global Healthcare & Life Sciences. 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.