Press coverage about Ecolab (NYSE:ECL) has trended somewhat positive on Thursday, according to Accern Sentiment Analysis. The research firm identifies positive and negative news coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Ecolab earned a media sentiment score of 0.16 on Accern’s scale. Accern also assigned news headlines about the basic materials company an impact score of 47.48590224044 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
These are some of the news headlines that may have impacted Accern Sentiment Analysis’s scoring:
- Ecolab Inc. (ECL) expected to touch 11.37% EPS growth for coming year – Wallstreet Investorplace (wallstreetinvestorplace.com)
- Ecolab (ECL) Upgraded at Zacks Investment Research (americanbankingnews.com)
- Investor’s Alert: Ecolab Inc. (NYSE:ECL), Principal Financial Group Inc. (NYSE:PFG) – The Oracle Examiner (oracleexaminer.com)
- Ecolab (ECL) versus Nexeo Solutions (NXEO) Critical Survey (americanbankingnews.com)
- Insider Buys Of The Week: Ecolab, BNY Mellon And More – Benzinga (benzinga.com)
ECL has been the subject of a number of recent research reports. Boenning Scattergood restated a “buy” rating on shares of Ecolab in a research note on Monday, January 22nd. Credit Suisse Group lifted their price objective on shares of Ecolab from $129.00 to $137.00 and gave the stock a “neutral” rating in a report on Wednesday, January 24th. Canaccord Genuity set a $145.00 price objective on shares of Ecolab and gave the stock a “buy” rating in a report on Monday, March 12th. Barclays reaffirmed a “buy” rating and set a $150.00 price objective on shares of Ecolab in a report on Wednesday, December 27th. Finally, Citigroup downgraded shares of Ecolab from a “buy” rating to a “neutral” rating in a report on Friday, January 5th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and eight have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $140.76.
Ecolab (NYSE:ECL) last announced its quarterly earnings results on Tuesday, February 20th. The basic materials company reported $1.39 EPS for the quarter, missing analysts’ consensus estimates of $1.40 by ($0.01). The business had revenue of $3.65 billion during the quarter, compared to analysts’ expectations of $3.60 billion. Ecolab had a return on equity of 19.10% and a net margin of 10.90%. The business’s revenue was up 8.9% compared to the same quarter last year. During the same period in the previous year, the business earned $1.25 EPS. equities research analysts forecast that Ecolab will post 5.35 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 16th. Shareholders of record on Tuesday, March 20th will be issued a $0.41 dividend. The ex-dividend date is Monday, March 19th. This represents a $1.64 dividend on an annualized basis and a yield of 1.21%. Ecolab’s dividend payout ratio (DPR) is 31.91%.
In related news, EVP Roberto Inchaustegui sold 4,800 shares of the stock in a transaction on Monday, March 12th. The stock was sold at an average price of $136.04, for a total transaction of $652,992.00. Following the sale, the executive vice president now directly owns 27,402 shares of the company’s stock, valued at $3,727,768.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, major shareholder William H. Gates III bought 694,343 shares of the company’s stock in a transaction on Wednesday, March 7th. The stock was purchased at an average cost of $132.10 per share, for a total transaction of $91,722,710.30. The disclosure for this purchase can be found here. Insiders have bought 1,848,529 shares of company stock valued at $248,579,565 over the last 90 days. Corporate insiders own 1.49% of the company’s stock.
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.
Receive News & Ratings for Ecolab Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ecolab and related companies with MarketBeat.com's FREE daily email newsletter.