Ecolab Inc. (NYSE:ECL) had its price objective upped by Royal Bank of Canada from $137.00 to $143.00 in a report published on Tuesday, MarketBeat Ratings reports. They currently have an outperform rating on the basic materials company’s stock.
Other equities research analysts also recently issued reports about the stock. Canaccord Genuity reissued a buy rating and set a $145.00 price target on shares of Ecolab in a research note on Monday, September 11th. UBS AG reissued a buy rating and set a $147.00 price target (up from $144.00) on shares of Ecolab in a research note on Wednesday, August 2nd. Morgan Stanley began coverage on shares of Ecolab in a report on Tuesday, August 15th. They set an equal weight rating and a $140.00 price objective for the company. Deutsche Bank AG boosted their price objective on shares of Ecolab from $132.00 to $134.00 and gave the company a hold rating in a report on Wednesday, August 2nd. Finally, Zacks Investment Research cut shares of Ecolab from a buy rating to a hold rating in a report on Thursday, July 27th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and seven have given a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus price target of $136.86.
Ecolab (ECL) traded up $0.05 on Tuesday, hitting $130.30. 1,298,400 shares of the company were exchanged, compared to its average volume of 924,325. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.83 and a current ratio of 1.23. The company has a market capitalization of $37,631.09, a P/E ratio of 28.63, a price-to-earnings-growth ratio of 2.17 and a beta of 1.04. Ecolab has a twelve month low of $113.50 and a twelve month high of $134.89.
Ecolab (NYSE:ECL) last posted its quarterly earnings results on Tuesday, October 31st. The basic materials company reported $1.37 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.36 by $0.01. The business had revenue of $3.56 billion during the quarter, compared to the consensus estimate of $3.55 billion. Ecolab had a net margin of 9.67% and a return on equity of 19.05%. Ecolab’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.28 earnings per share. equities analysts anticipate that Ecolab will post 4.7 earnings per share for the current fiscal year.
In related news, Director David Maclennan purchased 450 shares of Ecolab stock in a transaction dated Monday, November 6th. The stock was bought at an average price of $131.77 per share, for a total transaction of $59,296.50. Following the completion of the acquisition, the director now directly owns 1,514 shares of the company’s stock, valued at $199,499.78. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Thomas W. Handley sold 7,397 shares of the company’s stock in a transaction that occurred on Thursday, September 14th. The shares were sold at an average price of $130.63, for a total transaction of $966,270.11. The disclosure for this sale can be found here. 1.49% of the stock is owned by corporate insiders.
Institutional investors have recently added to or reduced their stakes in the company. TCI Wealth Advisors Inc. boosted its holdings in shares of Ecolab by 4.8% in the second quarter. TCI Wealth Advisors Inc. now owns 763 shares of the basic materials company’s stock valued at $101,000 after buying an additional 35 shares during the period. Atlantic Trust LLC bought a new stake in shares of Ecolab in the second quarter worth $106,000. IHT Wealth Management LLC lifted its position in shares of Ecolab by 4.9% in the second quarter. IHT Wealth Management LLC now owns 811 shares of the basic materials company’s stock worth $116,000 after purchasing an additional 38 shares in the last quarter. Atwood & Palmer Inc. lifted its position in shares of Ecolab by 2.9% in the second quarter. Atwood & Palmer Inc. now owns 892 shares of the basic materials company’s stock worth $118,000 after purchasing an additional 25 shares in the last quarter. Finally, Harfst & Associates Inc. bought a new stake in shares of Ecolab in the first quarter worth $117,000. Institutional investors own 75.29% 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.
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