Ecolab Inc. (NYSE:ECL) had its price target raised by equities researchers at Royal Bank Of Canada from $137.00 to $143.00 in a research report issued on Tuesday, November 7th, Marketbeat.com reports. The brokerage presently has an “outperform” rating on the basic materials company’s stock. Royal Bank Of Canada’s price target indicates a potential upside of 8.79% from the stock’s current price.
A number of other equities research analysts also recently weighed in on ECL. Canaccord Genuity reiterated a “buy” rating and issued a $145.00 target price on shares of Ecolab in a report on Monday, September 11th. UBS AG reaffirmed a “buy” rating and set a $147.00 target price (up previously from $144.00) on shares of Ecolab in a research report on Wednesday, August 2nd. Morgan Stanley assumed coverage on Ecolab in a report on Tuesday, August 15th. They set an “equal weight” rating and a $140.00 price target on the stock. Deutsche Bank AG boosted their target price on Ecolab from $132.00 to $134.00 and gave the company a “hold” rating in a research note on Wednesday, August 2nd. Finally, Zacks Investment Research lowered Ecolab from a “buy” rating to a “hold” rating in a research note on Thursday, July 27th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and seven have assigned a buy rating to the company. Ecolab has a consensus rating of “Hold” and a consensus price target of $136.86.
Ecolab (NYSE:ECL) traded down $0.54 on Tuesday, hitting $131.45. The stock had a trading volume of 1,425,100 shares, compared to its average volume of 932,232. The firm has a market cap of $37,980.00, a price-to-earnings ratio of 28.89, a P/E/G ratio of 2.19 and a beta of 1.04. The company has a current ratio of 1.23, a quick ratio of 0.83 and a debt-to-equity ratio of 0.89. Ecolab has a 12 month low of $114.09 and a 12 month high of $134.89.
Ecolab (NYSE:ECL) last posted its earnings results on Tuesday, October 31st. The basic materials company reported $1.37 EPS for the quarter, beating the consensus estimate of $1.36 by $0.01. Ecolab had a return on equity of 19.05% and a net margin of 9.67%. The firm had revenue of $3.56 billion during the quarter, compared to the consensus estimate of $3.55 billion. During the same period last year, the company earned $1.28 earnings per share. The business’s quarterly revenue was up 5.2% on a year-over-year basis. equities analysts anticipate that Ecolab will post 4.7 EPS for the current year.
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In other Ecolab news, insider Thomas W. Handley sold 7,397 shares of the stock in a transaction dated Thursday, September 14th. The shares were sold at an average price of $130.63, for a total value of $966,270.11. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director David Maclennan acquired 450 shares of the stock in a transaction that occurred on Monday, November 6th. The shares were bought at an average cost of $131.77 per share, with a total value of $59,296.50. Following the transaction, the director now directly owns 1,514 shares in the company, valued at approximately $199,499.78. The disclosure for this purchase can be found here. 1.49% of the stock is owned by insiders.
Institutional investors and hedge funds have recently made changes to their positions 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 acquiring an additional 35 shares in the last quarter. Atlantic Trust LLC purchased a new stake in shares of Ecolab in the second quarter valued at about $106,000. IHT Wealth Management LLC boosted its holdings 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 valued at $116,000 after acquiring an additional 38 shares in the last quarter. Atwood & Palmer Inc. boosted its holdings 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 valued at $118,000 after acquiring an additional 25 shares in the last quarter. Finally, Harfst & Associates Inc. purchased a new stake in shares of Ecolab in the first quarter valued at about $117,000. Institutional investors and hedge funds own 75.74% 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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