In today’s session Ecolab Inc. (ECL) registered an unusually high (497) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the January, 2017 call, expecting serious ECL increase. With 497 contracts traded and 1984 open interest for the Jan, 17 contract, it seems this is a quite bullish bet. The option with symbol: ECL170120C00115000 closed last at: $4.1 or 32.3% up. About 115,030 shares traded hands. Ecolab Inc. (NYSE:ECL) has risen 2.74% since April 12, 2016 and is uptrending. It has underperformed by 2.25% the S&P500.
Ecolab Inc. (NYSE:ECL) Ratings Coverage
Out of 15 analysts covering Ecolab (NYSE:ECL), 9 rate it a “Buy”, 2 “Sell”, while 4 “Hold”. This means 60% are positive. $143 is the highest target while $93 is the lowest. The $119.57 average target is 3.57% above today’s ($115.45) stock price. Ecolab has been the topic of 25 analyst reports since July 30, 2015 according to StockzIntelligence Inc. As per Monday, August 22, the company rating was maintained by Nomura. The company was maintained on Tuesday, August 11 by Deutsche Bank. The company was reinitiated on Thursday, March 24 by Credit Suisse. The stock of Ecolab Inc. (NYSE:ECL) earned “Buy” rating by Deutsche Bank on Monday, September 14. The stock of Ecolab Inc. (NYSE:ECL) has “Buy” rating given on Wednesday, February 24 by Canaccord Genuity. The stock of Ecolab Inc. (NYSE:ECL) earned “Hold” rating by Deutsche Bank on Wednesday, February 24. The rating was maintained by RBC Capital Markets on Friday, February 19 with “Outperform”. The rating was maintained by Barclays Capital with “Overweight” on Wednesday, February 24. On Friday, October 9 the stock rating was downgraded by JP Morgan to “Neutral”. As per Monday, March 14, the company rating was downgraded by Goldman Sachs.
According to Zacks Investment Research, “Ecolab Inc. is the global leader in cleaning, sanitizing, food safety and infection control products and services. Ecolab delivers comprehensive programs and services to the foodservice, food and beverage processing, healthcare, and hospitality markets.”
Insitutional Activity: The institutional sentiment decreased to 1 in Q2 2016. Its down 0.15, from 1.15 in 2016Q1. The ratio is negative, as 43 funds sold all Ecolab Inc. shares owned while 295 reduced positions. 64 funds bought stakes while 273 increased positions. They now own 211.39 million shares or 6.08% less from 225.07 million shares in 2016Q1.
Euclid Advsr accumulated 52,547 shares or 0.27% of the stock. Argent Communication holds 0.09% or 2,346 shares in its portfolio. Bokf Na has 46,588 shares for 0.19% of their US portfolio. Gluskin Sheff Associates Inc has 36,273 shares for 0.37% of their US portfolio. Moreover, Edge Wealth Mngmt Lc has 0.02% invested in Ecolab Inc. (NYSE:ECL) for 500 shares. Supplemental Annuity Collective Of Nj has invested 0.3% of its portfolio in Ecolab Inc. (NYSE:ECL). Dnb Asset Mngmt As owns 26,058 shares or 0% of their US portfolio. Dillon Associates accumulated 39,399 shares or 2.15% of the stock. Hall Laurie J Trustee has 460 shares for 0.04% of their US portfolio. The Massachusetts-based Trillium Asset Ltd Liability has invested 0.7% in Ecolab Inc. (NYSE:ECL). Mcf Limited Co reported 26 shares or 0% of all its holdings. Adage Capital Prtnrs Grp Ltd Liability owns 389,637 shares or 0.13% of their US portfolio. British Columbia Invest holds 0.35% of its portfolio in Ecolab Inc. (NYSE:ECL) for 339,269 shares. Savant Ltd has invested 0.06% of its portfolio in Ecolab Inc. (NYSE:ECL). Great Lakes Limited Liability Corp owns 13,093 shares or 0.04% of their US portfolio.
Insider Transactions: Since June 8, 2016, the stock had 0 buys, and 4 sales for $6.53 million net activity. BAKER DOUGLAS M JR sold $3.16M worth of stock. Hickey Michael A had sold 17,761 shares worth $2.20 million on Thursday, August 25. On Wednesday, June 8 the insider Mulhere Timothy P sold $457,470. Beck Christophe also sold $710,336 worth of Ecolab Inc. (NYSE:ECL) on Friday, September 2.
Ecolab Inc. provides water, hygiene and energy technologies and services. The company has a market cap of $33.52 billion. The Company’s divisions include Global Industrial, Global Institutional, Global Energy, Other and Corporate. It has a 31.99 P/E ratio. The Global Industrial segment consists of the Water, Food and Beverage, Paper and Textile Care operating units.
ECL Company Profile
Ecolab Inc., incorporated on February 18, 1924, provides water, hygiene and energy technologies and services. The Company’s cleaning and sanitizing programs and products, pest elimination services and equipment maintenance and repair services support clients in the foodservice, food and beverage processing, hospitality, healthcare, government and education, retail, textile care and commercial facilities management sectors in over 170 countries. The Company’s divisions include Global Industrial, Global Institutional, Global Energy, Other and Corporate. The Company’s products and technologies are also used in water treatment, pollution control, energy conservation, oil production and refining, steelmaking, papermaking, mining, and other industrial processes.
More important recent Ecolab Inc. (NYSE:ECL) news were published by: Forbes.com which released: “Ecolab Becomes Oversold” on October 21, 2016, also Valuewalk.com published article titled: “Dividend Aristocrats in Focus Part 11: Ecolab Inc. (ECL)”, Startribune.com published: “Ecolab sells Swisher bathroom-cleaning unit to Enviro-Master” on October 26, 2016. More interesting news about Ecolab Inc. (NYSE:ECL) was released by: Marketwatch.com and their article: “Ecolab earnings boosted by cost cutting” with publication date: November 01, 2016.
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