Institutional Investors Sentiment Indicator of Ecolab Inc (NYSE:ECL) Worsens in Q2 2019

Ecolab Inc. (NYSE:ECL) Logo

Sentiment for Ecolab Inc (NYSE:ECL)

Ecolab Inc (NYSE:ECL) institutional sentiment decreased to 0.97 in Q2 2019. Its down -0.11, from 1.08 in 2019Q1. The ratio dropped, as 364 hedge funds increased and opened new positions, while 375 cut down and sold stock positions in Ecolab Inc. The hedge funds in our partner’s database reported: 208.43 million shares, up from 204.31 million shares in 2019Q1. Also, the number of hedge funds holding Ecolab Inc in their top 10 positions increased from 43 to 48 for an increase of 5. Sold All: 32 Reduced: 343 Increased: 273 New Position: 91.

Ecolab Inc. provides water, hygiene, and energy technologies and services for clients worldwide. The company has market cap of $57.23 billion. The firm operates in three divisions: Global Industrial, Global Institutional, and Global Energy. It has a 38.84 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.

The stock increased 0.57% or $1.12 during the last trading session, reaching $198.89. About 897,279 shares traded. Ecolab Inc. (NYSE:ECL) has risen 43.34% since September 13, 2018 and is uptrending. It has outperformed by 43.34% the S&P500.

Analysts await Ecolab Inc. (NYSE:ECL) to report earnings on October, 29. They expect $1.72 EPS, up 12.42 % or $0.19 from last year’s $1.53 per share. ECL’s profit will be $494.93 million for 28.91 P/E if the $1.72 EPS becomes a reality. After $1.42 actual EPS reported by Ecolab Inc. for the previous quarter, Wall Street now forecasts 21.13 % EPS growth.

Mcdonald Capital Investors Inc Ca holds 11.82% of its portfolio in Ecolab Inc. for 735,853 shares. C Worldwide Group Holding A S owns 3.14 million shares or 7.72% of their US portfolio. Moreover, Dudley & Shanley Inc. has 7.15% invested in the company for 149,995 shares. The Wisconsin-based Jacobson & Schmitt Advisors Llc has invested 6.26% in the stock. Rothschild Capital Partners Llc, a Maryland-based fund reported 62,271 shares.

Ecolab Inc. (NYSE:ECL) Ratings Coverage

Ratings analysis reveals 43% of Ecolab’s analysts are positive. Out of 7 Wall Street analysts rating Ecolab, 3 give it “Buy”, 0 “Sell” rating, while 4 recommend “Hold”. The lowest target is $18000 while the high is $210. The stock’s average target of $202.57 is 1.85% above today’s ($198.89) share price. ECL was included in 13 notes of analysts from April 18, 2019. On Friday, August 2 the stock rating was maintained by Citigroup with “Neutral”. The rating was downgraded by UBS on Thursday, April 18 to “Neutral”. The stock of Ecolab Inc. (NYSE:ECL) earned “Equal-Weight” rating by Morgan Stanley on Monday, August 12. The rating was maintained by UBS on Wednesday, May 1 with “Neutral”. The company was maintained on Monday, August 5 by BMO Capital Markets. The rating was maintained by Nomura on Thursday, May 2 with “Buy”. The firm has “Market Perform” rating given on Thursday, May 2 by BMO Capital Markets. The firm earned “Buy” rating on Wednesday, May 1 by Canaccord Genuity. The company was upgraded on Thursday, April 18 by Nomura. Nomura maintained the stock with “Buy” rating in Wednesday, August 7 report.

More recent Ecolab Inc. (NYSE:ECL) news were published by: which released: “ESG Investing: The Case Of Ecolab – Seeking Alpha” on August 20, 2019. Also published the news titled: “Why You Should Like Ecolab Inc.’s (NYSE:ECL) ROCE – Yahoo Finance” on August 29, 2019.‘s news article titled: “There’s A Lot To Like About Ecolab Inc.’s (NYSE:ECL) Upcoming 0.2% Dividend – Yahoo Finance” with publication date: September 11, 2019 was also an interesting one.

Ecolab Inc. (NYSE:ECL) Institutional Positions Chart

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