Wells Fargo & Co Del (WFC) Stock Price Declined While Alecta Pensionsforsakring Omsesidigt Has Lowered Its Position by $8.25 Million; Solaris Asset Management Trimmed Its Position in Ecolab (ECL) by $606,080 as Stock Price Rose

January 16, 2018 - By Hazel Jackson

Solaris Asset Management Llc decreased its stake in Ecolab Inc (ECL) by 21.66% based on its latest 2017Q3 regulatory filing with the SEC. Solaris Asset Management Llc sold 4,735 shares as the company’s stock rose 2.53% with the market. The institutional investor held 17,129 shares of the package goods and cosmetics company at the end of 2017Q3, valued at $2.20 million, down from 21,864 at the end of the previous reported quarter. Solaris Asset Management Llc who had been investing in Ecolab Inc for a number of months, seems to be less bullish one the $39.62 billion market cap company. The stock decreased 0.40% or $0.55 during the last trading session, reaching $137.13. About 853,477 shares traded. Ecolab Inc. (NYSE:ECL) has risen 9.41% since January 16, 2017 and is uptrending. It has underperformed by 7.29% the S&P500.

Alecta Pensionsforsakring Omsesidigt decreased its stake in Wells Fargo & Co Del (WFC) by 0.99% based on its latest 2017Q3 regulatory filing with the SEC. Alecta Pensionsforsakring Omsesidigt sold 150,000 shares as the company’s stock declined 8.66% while stock markets rallied. The institutional investor held 15.04M shares of the major banks company at the end of 2017Q3, valued at $829.16M, down from 15.19 million at the end of the previous reported quarter. Alecta Pensionsforsakring Omsesidigt who had been investing in Wells Fargo & Co Del for a number of months, seems to be less bullish one the $309.05 billion market cap company. The stock increased 0.34% or $0.21 during the last trading session, reaching $62.76. About 13.96M shares traded. Wells Fargo & Company (NYSE:WFC) has risen 9.67% since January 16, 2017 and is uptrending. It has underperformed by 7.03% the S&P500.

Among 21 analysts covering Ecolab (NYSE:ECL), 10 have Buy rating, 1 Sell and 10 Hold. Therefore 48% are positive. Ecolab had 55 analyst reports since July 30, 2015 according to SRatingsIntel. The firm has “Neutral” rating given on Friday, July 15 by Citigroup. Deutsche Bank maintained it with “Hold” rating and $110 target in Wednesday, February 24 report. The rating was downgraded by JP Morgan on Friday, October 9 to “Neutral”. Citigroup maintained Ecolab Inc. (NYSE:ECL) rating on Monday, April 18. Citigroup has “Neutral” rating and $117 target. Credit Suisse maintained the shares of ECL in report on Thursday, August 3 with “Hold” rating. Stifel Nicolaus maintained Ecolab Inc. (NYSE:ECL) rating on Wednesday, January 6. Stifel Nicolaus has “Buy” rating and $123 target. On Thursday, July 13 the stock rating was maintained by Jefferies with “Hold”. Stifel Nicolaus maintained Ecolab Inc. (NYSE:ECL) rating on Wednesday, September 6. Stifel Nicolaus has “Hold” rating and $130.0 target. On Wednesday, August 2 the stock rating was maintained by Canaccord Genuity with “Buy”. The rating was upgraded by Nomura to “Neutral” on Monday, April 3.

Analysts await Ecolab Inc. (NYSE:ECL) to report earnings on February, 20. They expect $1.40 EPS, up 12.00% or $0.15 from last year’s $1.25 per share. ECL’s profit will be $404.48 million for 24.49 P/E if the $1.40 EPS becomes a reality. After $1.37 actual EPS reported by Ecolab Inc. for the previous quarter, Wall Street now forecasts 2.19% EPS growth.

Investors sentiment increased to 1.19 in 2017 Q3. Its up 0.25, from 0.94 in 2017Q2. It is positive, as 31 investors sold ECL shares while 274 reduced holdings. 81 funds opened positions while 281 raised stakes. 213.37 million shares or 1.11% more from 211.02 million shares in 2017Q2 were reported. Madison Invest stated it has 0.02% in Ecolab Inc. (NYSE:ECL). New York State Teachers Retirement Systems has invested 0.13% in Ecolab Inc. (NYSE:ECL). Bartlett Lc holds 0.01% in Ecolab Inc. (NYSE:ECL) or 1,050 shares. First Trust Advsr LP has 83,657 shares for 0.03% of their portfolio. Veritable Lp stated it has 10,891 shares. Edgewood Mngmt Ltd Com holds 3.50M shares. Cambridge Inv Rech Advsrs reported 0.05% stake. Millennium Management Limited Liability Com invested in 0% or 8,410 shares. Bb&T Corp has invested 0.03% of its portfolio in Ecolab Inc. (NYSE:ECL). Brown Advisory Inc reported 1.6% in Ecolab Inc. (NYSE:ECL). A D Beadell Invest Counsel reported 4,200 shares. North Amer Management Corp holds 5,625 shares or 0.11% of its portfolio. Usa Financial Portformulas Corp has 0.81% invested in Ecolab Inc. (NYSE:ECL) for 26,568 shares. Old Mutual Invsts (Uk) Ltd invested 0.06% in Ecolab Inc. (NYSE:ECL). Autus Asset Mngmt Limited Com stated it has 1.34% of its portfolio in Ecolab Inc. (NYSE:ECL).

Since August 3, 2017, it had 1 insider purchase, and 1 insider sale for $9.04 million activity. HANDLEY THOMAS W sold $966,233 worth of Ecolab Inc. (NYSE:ECL) on Thursday, September 14.

Alecta Pensionsforsakring Omsesidigt, which manages about $11.66B US Long portfolio, upped its stake in Analog Devices (NASDAQ:ADI) by 400,000 shares to 1.12M shares, valued at $96.47M in 2017Q3, according to the filing. It also increased its holding in Lincoln Electric Holdings (NASDAQ:LECO) by 100,000 shares in the quarter, for a total of 1.30M shares, and has risen its stake in Wabtec Corp (NYSE:WAB).

Among 36 analysts covering Wells Fargo & Company (NYSE:WFC), 17 have Buy rating, 5 Sell and 14 Hold. Therefore 47% are positive. Wells Fargo & Company had 117 analyst reports since July 29, 2015 according to SRatingsIntel. Robert W. Baird maintained Wells Fargo & Company (NYSE:WFC) rating on Tuesday, September 5. Robert W. Baird has “Buy” rating and $58.0 target. Vetr downgraded the shares of WFC in report on Friday, August 28 to “Strong-Buy” rating. Guggenheim downgraded the stock to “Neutral” rating in Tuesday, November 15 report. The company was maintained on Thursday, January 4 by BMO Capital Markets. As per Tuesday, January 2, the company rating was maintained by Robert W. Baird. Rafferty downgraded the shares of WFC in report on Wednesday, April 12 to “Sell” rating. The stock of Wells Fargo & Company (NYSE:WFC) has “Outperform” rating given on Tuesday, January 12 by Keefe Bruyette & Woods. As per Tuesday, September 20, the company rating was upgraded by Morgan Stanley. Jefferies maintained it with “Hold” rating and $62.0 target in Friday, September 15 report. As per Thursday, January 4, the company rating was upgraded by Goldman Sachs.

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