True Wealth Design LLC Has $62,000 Stock Holdings in Ecolab Inc. (NYSE:ECL)

True Wealth Design LLC increased its position in shares of Ecolab Inc. (NYSE:ECL) by 3,916.7% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 241 shares of the basic materials company’s stock after buying an additional 235 shares during the quarter. True Wealth Design LLC’s holdings in Ecolab were worth $62,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Triad Wealth Partners LLC acquired a new position in shares of Ecolab during the second quarter worth approximately $26,000. Coastline Trust Co acquired a new position in Ecolab during the third quarter worth $26,000. PSI Advisors LLC bought a new position in shares of Ecolab in the second quarter valued at $27,000. Kings Path Partners LLC acquired a new position in shares of Ecolab during the second quarter valued at about $27,000. Finally, LRI Investments LLC bought a new stake in shares of Ecolab during the first quarter worth about $31,000. Institutional investors own 74.91% of the company’s stock.

Analyst Upgrades and Downgrades

ECL has been the topic of several recent research reports. Wells Fargo & Company reaffirmed a “market perform” rating on shares of Ecolab in a research report on Friday, October 18th. Barclays raised their target price on Ecolab from $260.00 to $300.00 and gave the company an “overweight” rating in a report on Monday, November 18th. Morgan Stanley upped their price target on Ecolab from $240.00 to $263.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 30th. Piper Sandler raised their price objective on Ecolab from $270.00 to $305.00 and gave the company an “overweight” rating in a research note on Thursday, September 26th. Finally, JPMorgan Chase & Co. upped their target price on shares of Ecolab from $228.00 to $255.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. Eight equities 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, Ecolab currently has a consensus rating of “Moderate Buy” and an average target price of $279.87.

Ecolab Trading Up 0.4 %

NYSE:ECL opened at $248.77 on Friday. Ecolab Inc. has a 12 month low of $188.32 and a 12 month high of $262.61. The company has a current ratio of 1.30, a quick ratio of 0.97 and a debt-to-equity ratio of 0.81. The firm’s 50 day moving average is $251.42 and its 200 day moving average is $244.89. The stock has a market capitalization of $70.44 billion, a PE ratio of 34.89, a price-to-earnings-growth ratio of 2.48 and a beta of 1.13.

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

Insiders Place Their Bets

In other news, major shareholder William H. Gates III sold 106,542 shares of the firm’s stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $241.21, for a total value of $25,698,995.82. Following the completion of the transaction, the insider now directly owns 29,348,741 shares of the company’s stock, valued at $7,079,209,816.61. This trade represents a 0.36 % decrease in their ownership of the stock. 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 business’s stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $250.00, for a total value of $98,250.00. Following the sale, the director now owns 24,041 shares in the company, valued at approximately $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. Insiders sold 834,959 shares of company stock worth $205,323,667 over the last quarter. 0.04% of the stock is currently owned by company insiders.

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.