Ecolab Inc. (NYSE:ECL) major shareholder William H. Gates III purchased 442,519 shares of the stock in a transaction dated Friday, March 9th. The shares were purchased at an average price of $134.60 per share, with a total value of $59,563,057.40. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
Shares of Ecolab stock traded down $0.11 during mid-day trading on Monday, reaching $137.56. 65,552 shares of the company’s stock were exchanged, compared to its average volume of 1,410,066. The firm has a market capitalization of $39,885.57, a PE ratio of 29.44, a price-to-earnings-growth ratio of 2.06 and a beta of 1.07. Ecolab Inc. has a 1 year low of $122.58 and a 1 year high of $140.50. The company has a current ratio of 1.34, a quick ratio of 0.92 and a debt-to-equity ratio of 0.88.
Ecolab (NYSE:ECL) last posted its quarterly earnings data on Tuesday, February 20th. The basic materials company reported $1.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.40 by ($0.01). The firm had revenue of $3.65 billion for the quarter, compared to analysts’ expectations of $3.60 billion. Ecolab had a net margin of 10.90% and a return on equity of 19.10%. The company’s revenue for the quarter was up 8.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.25 EPS. research analysts anticipate that Ecolab Inc. will post 5.35 earnings per share for the current fiscal year.
ECL has been the subject of a number of recent research reports. Barclays reiterated a “buy” rating and set a $150.00 price target on shares of Ecolab in a report on Wednesday, December 27th. Zacks Investment Research upgraded shares of Ecolab from a “hold” rating to a “buy” rating and set a $155.00 price target for the company in a report on Monday, January 29th. Citigroup cut shares of Ecolab from a “buy” rating to a “neutral” rating in a research report on Friday, January 5th. Royal Bank of Canada reissued a “buy” rating on shares of Ecolab in a research report on Friday, January 19th. Finally, Boenning Scattergood reissued a “buy” rating on shares of Ecolab in a research report on Monday, January 22nd. One analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $140.88.
Institutional investors and hedge funds have recently bought and sold shares of the company. Wagner Wealth Management LLC purchased a new stake in shares of Ecolab during the fourth quarter valued at approximately $112,000. SeaCrest Wealth Management LLC purchased a new stake in shares of Ecolab during the fourth quarter valued at approximately $125,000. Captrust Financial Advisors purchased a new stake in shares of Ecolab during the fourth quarter valued at approximately $129,000. Aevitas Wealth Management Inc. bought a new stake in shares of Ecolab in the fourth quarter worth $133,000. Finally, Community Bank N.A. bought a new stake in shares of Ecolab in the fourth quarter worth $140,000. Institutional investors own 78.33% of the company’s stock.
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Ecolab Company Profile
Ecolab Inc 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 customers in the foodservice, food and beverage processing, hospitality, healthcare, government and education, retail, textile care and commercial facilities management sectors in over 170 countries.
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