Ecolab Inc. (ECL) PT Raised to $143.00

Ecolab Inc. (NYSE:ECL) had its target price upped by stock analysts at Royal Bank Of Canada from $137.00 to $143.00 in a report released on Tuesday, November 7th, Marketbeat reports. The firm presently has an “outperform” rating on the basic materials company’s stock. Royal Bank Of Canada’s target price would indicate a potential upside of 7.63% from the company’s current price.

Several other equities research analysts have also issued reports on the stock. Credit Suisse Group reiterated a “hold” rating on shares of Ecolab in a research note on Wednesday, September 6th. Zacks Investment Research lowered shares of Ecolab from a “buy” rating to a “hold” rating in a research note on Thursday, July 27th. Canaccord Genuity restated a “buy” rating and set a $145.00 price objective on shares of Ecolab in a research note on Monday, September 11th. Nomura restated a “hold” rating and set a $117.00 price objective (down from $120.00) on shares of Ecolab in a research note on Tuesday, September 12th. Finally, Instinet restated a “neutral” rating and set a $117.00 price objective (down from $120.00) on shares of Ecolab in a research note on Tuesday, September 12th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and seven have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $136.86.

Shares of Ecolab (NYSE:ECL) opened at $132.86 on Tuesday. Ecolab has a twelve month low of $115.78 and a twelve month high of $134.89. The company has a current ratio of 1.23, a quick ratio of 0.83 and a debt-to-equity ratio of 0.89. The company has a market cap of $38,390.00, a price-to-earnings ratio of 29.20, a P/E/G ratio of 2.22 and a beta of 1.04.

Ecolab (NYSE:ECL) last issued its quarterly earnings data on Tuesday, October 31st. The basic materials company reported $1.37 EPS for the quarter, topping analysts’ consensus estimates of $1.36 by $0.01. Ecolab had a net margin of 9.67% and a return on equity of 19.05%. The business had revenue of $3.56 billion for the quarter, compared to analyst estimates of $3.55 billion. During the same period last year, the business posted $1.28 earnings per share. The firm’s quarterly revenue was up 5.2% on a year-over-year basis. analysts predict that Ecolab will post 4.7 EPS for the current year.

In other news, Director David Maclennan purchased 450 shares of the business’s stock in a transaction dated Monday, November 6th. The stock was bought at an average price of $131.77 per share, with a total value of $59,296.50. Following the acquisition, the director now owns 1,514 shares in the company, valued at approximately $199,499.78. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible 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 stock was 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. Insiders own 1.49% of the company’s stock.

Several institutional investors have recently modified their holdings of the company. Steward Partners Investment Advisory LLC acquired a new position in Ecolab during the 3rd quarter worth approximately $485,000. Public Employees Retirement System of Ohio increased its position in Ecolab by 1.4% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 176,341 shares of the basic materials company’s stock worth $22,679,000 after purchasing an additional 2,491 shares in the last quarter. Smith Shellnut Wilson LLC ADV increased its position in Ecolab by 61.1% during the 3rd quarter. Smith Shellnut Wilson LLC ADV now owns 3,585 shares of the basic materials company’s stock worth $461,000 after purchasing an additional 1,360 shares in the last quarter. Belpointe Asset Management LLC acquired a new position in Ecolab during the 3rd quarter worth approximately $825,000. Finally, IFM Investors Pty Ltd acquired a new position in Ecolab during the 3rd quarter worth approximately $941,000. 75.74% of the stock is owned by institutional investors.

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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.

Analyst Recommendations for Ecolab (NYSE:ECL)

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