What’s Propelling Ecolab Inc. (ECL) to Reach 52-Week High?

April 17, 2018 - By Darrin Black

Ecolab Inc. (NYSE:ECL) Logo

Investors sentiment decreased to 1.02 in 2017 Q4. Its down 0.17, from 1.19 in 2017Q3. It dropped, as 46 investors sold Ecolab Inc. shares while 298 reduced holdings. 91 funds opened positions while 261 raised stakes. 215.19 million shares or 0.86% more from 213.37 million shares in 2017Q3 were reported.
Oppenheimer Company Incorporated reported 0.04% of its portfolio in Ecolab Inc. (NYSE:ECL). Proshare Ltd Liability Corp invested in 0.52% or 556,441 shares. Arvest Financial Bank Tru Division holds 62,409 shares. Nomura Hldgs Inc reported 36,275 shares. Glenmede Trust Company Na holds 0.01% in Ecolab Inc. (NYSE:ECL) or 10,851 shares. Supplemental Annuity Collective Trust Of Nj holds 5,000 shares or 0.28% of its portfolio. Stone Run Capital Llc owns 21,825 shares. Eulav Asset Management invested 0.94% in Ecolab Inc. (NYSE:ECL). Field Main Commercial Bank stated it has 0.08% of its portfolio in Ecolab Inc. (NYSE:ECL). Fort Washington Investment Advsrs Oh owns 17,902 shares. Perigon Wealth Mngmt Llc holds 1,000 shares or 0.05% of its portfolio. M&T Fincl Bank Corp owns 93,184 shares. Tdam Usa owns 63,054 shares. 98,655 are held by Sit Invest Associates. The Colorado-based Shine Inv Advisory has invested 0.05% in Ecolab Inc. (NYSE:ECL).

Since March 7, 2018, it had 4 insider buys, and 2 sales for $294.14 million activity. GATES WILLIAM H III bought $50.38M worth of stock or 369,000 shares. 6,400 shares valued at $860,301 were bought by ETTINGER JEFFREY M on Friday, March 9.

The stock of Ecolab Inc. (NYSE:ECL) hit a new 52-week high and has $152.67 target or 4.00 % above today’s $146.80 share price. The 5 months bullish chart indicates low risk for the $42.33 billion company. The 1-year high was reported on Apr, 17 by Barchart.com. If the $152.67 price target is reached, the company will be worth $1.69 billion more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock decreased 0.11% or $0.16 during the last trading session, reaching $146.8. About 272,751 shares traded. Ecolab Inc. (NYSE:ECL) has risen 8.76% since April 17, 2017 and is uptrending. It has underperformed by 2.79% the S&P500.

Analysts await Ecolab Inc. (NYSE:ECL) to report earnings on May, 1. They expect $0.88 earnings per share, up 10.00 % or $0.08 from last year’s $0.8 per share. ECL’s profit will be $253.76M for 41.70 P/E if the $0.88 EPS becomes a reality. After $1.39 actual earnings per share reported by Ecolab Inc. for the previous quarter, Wall Street now forecasts -36.69 % negative EPS growth.

Ecolab Inc. (NYSE:ECL) Ratings Coverage

Among 10 analysts covering Ecolab Inc (NYSE:ECL), 5 have Buy rating, 0 Sell and 5 Hold. Therefore 50% are positive. Ecolab Inc had 17 analyst reports since October 31, 2017 according to SRatingsIntel. As per Wednesday, January 24, the company rating was maintained by Credit Suisse. Robert W. Baird maintained the stock with “Neutral” rating in Wednesday, January 24 report. On Tuesday, January 23 the stock rating was maintained by Jefferies with “Hold”. The firm earned “Buy” rating on Tuesday, March 27 by BMO Capital Markets. The rating was maintained by Barclays Capital on Wednesday, November 1 with “Overweight”. Stifel Nicolaus maintained the stock with “Hold” rating in Tuesday, October 31 report. On Wednesday, November 1 the stock rating was maintained by UBS with “Buy”. Robert W. Baird maintained Ecolab Inc. (NYSE:ECL) rating on Tuesday, October 31. Robert W. Baird has “Hold” rating and $144.0 target. RBC Capital Markets maintained Ecolab Inc. (NYSE:ECL) rating on Sunday, January 28. RBC Capital Markets has “Buy” rating and $148.0 target. The firm earned “Buy” rating on Thursday, January 18 by RBC Capital Markets.

Ecolab Inc. provides water, hygiene, and energy technologies and services for clients worldwide. The company has market cap of $42.33 billion. The firm operates in three divisions: Global Industrial, Global Institutional, and Global Energy. It has a 28.62 P/E ratio. The Global Industrial segment provides water treatment and process applications, and cleaning and sanitizing solutions primarily to large industrial clients within the manufacturing, food and beverage processing, chemical, mining and primary metals, power generation, pulp and paper, and commercial laundry industries.

Ecolab Inc. (NYSE:ECL) Institutional Positions Chart

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