Ecolab Inc (NYSE:ECL).
Raymond James & Associates says it bought 4,782 shares in quarter ending 09/30/2017 increasing its stake in Ecolab Inc (ECL) by 2.5%. Its position was valued at $24,871,000 a decrease of 0.7% as of quarter end.
Raymond James & Associates isn’t the only one who has changed their investment in ECL. As of quarter end Tredje Ap-fonden had sold a total of 6,169 shares trimming its position 17.4%. The value of the total investment in Ecolab Inc decreased from $4,720,000 to $3,778,000 decreasing 20.0% since the last quarter. As of the end of the quarter Van Strum & Towne Inc. had acquired 135 shares growing its holdings by 0.3%. The value of the investment in Ecolab Inc went from $5,618,000 to $5,460,000 a change of 2.8% for the reporting period.
As of the end of the quarter Baird Financial Group, Inc. had bought a total of 6,705 shares growing its stake by 4.2%. The value of the investment in ECL went from $21,383,000 to $21,579,000 a change of $196,000 quarter to quarter.
Royal Bank Of Canada raised the price target of the stock on November 7 changing the price objective from $137.00 to $143.00 and issued a “Outperform” rating. Equity analyst Barclays PLC raised the price target on November 1 changing the forecast from $135.00 to $145.00 with a rating of “Overweight”.
On November 1 Stifel Nicolaus maintained a company rating of “Hold” targeting a price of $140.00. Equity analyst Jefferies Group LLC raised the price target on November 1 boosting the projection from $130.00 to $140.00 and issued a “Hold” recommendation.
October 12 investment analysts at Robert W. Baird maintained a stock rating of “Hold” with a current price target of $140.00. September 12 investment analysts at Nomura kept the company rating at “Hold” projecting a price of $117.00.
The company is down by 0.33% percent from yesterday’s close. The P/E ratio is 29.46 and market cap is 37.84B. As of the latest earnings report the EPS was $4.44 with 288.90M shares outstanding.
Short traders are more bearish on shares of the company of late if you take into consideration the increase in short interest. The firm recorded a rise in short interest of 6.93% as of the latest report on October 31, 2017. Short interest increased 338,669 over that timeframe. With short interest at 5,228,558 and short average daily volume at 990,504, the short-interest ratio is 5.0 and the percentage of shorted shares was 0.02% on October 31.