Ecolab (NYSE:ECL) had its target price trimmed by Nomura from $153.00 to $150.00 in a report issued on Tuesday, October 16th. The brokerage currently has a neutral rating on the basic materials company’s stock.
Other research analysts have also issued research reports about the stock. Zacks Investment Research upgraded shares of Ecolab from a hold rating to a buy rating and set a $176.00 price target on the stock in a research note on Wednesday, October 10th. UBS Group increased their price objective on shares of Ecolab from $165.00 to $180.00 and gave the stock a buy rating in a research note on Tuesday, October 2nd. Canaccord Genuity set a $160.00 price objective on shares of Ecolab and gave the stock a buy rating in a research note on Tuesday, July 24th. JPMorgan Chase & Co. lowered shares of Ecolab from a neutral rating to an underweight rating in a research note on Friday, June 22nd. Finally, ValuEngine upgraded shares of Ecolab from a hold rating to a buy rating in a research note on Friday, September 7th. Seven equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Ecolab currently has an average rating of Buy and a consensus target price of $154.47.
Shares of ECL traded down $0.15 during mid-day trading on Tuesday, hitting $159.33. The company’s stock had a trading volume of 736,204 shares, compared to its average volume of 1,528,996. Ecolab has a 52-week low of $125.74 and a 52-week high of $160.61. The stock has a market capitalization of $46.33 billion, a PE ratio of 33.97, a PEG ratio of 2.38 and a beta of 0.87. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.90 and a current ratio of 1.34.
Ecolab (NYSE:ECL) last announced its quarterly earnings results on Tuesday, October 30th. The basic materials company reported $1.53 earnings per share for the quarter, hitting the consensus estimate of $1.53. The firm had revenue of $3.75 billion during the quarter, compared to analysts’ expectations of $3.74 billion. Ecolab had a net margin of 10.99% and a return on equity of 19.13%. The company’s revenue was up 5.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.37 EPS. Equities research analysts forecast that Ecolab will post 5.27 EPS for the current year.
In other Ecolab news, EVP Darrell R. Brown sold 11,800 shares of the stock in a transaction on Friday, August 31st. The shares were sold at an average price of $150.25, for a total transaction of $1,772,950.00. Following the transaction, the executive vice president now directly owns 18,641 shares of the company’s stock, valued at $2,800,810.25. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Arthur J. Higgins sold 8,700 shares of the firm’s stock in a transaction dated Monday, August 27th. The stock was sold at an average price of $149.76, for a total transaction of $1,302,912.00. Following the completion of the transaction, the director now directly owns 21,363 shares in the company, valued at $3,199,322.88. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 112,110 shares of company stock worth $17,473,320. Insiders own 1.50% of the company’s stock.
Several large investors have recently bought and sold shares of the company. Edgewood Management LLC increased its position in Ecolab by 2.6% during the second quarter. Edgewood Management LLC now owns 5,650,684 shares of the basic materials company’s stock worth $792,960,000 after purchasing an additional 144,389 shares during the last quarter. Bank of New York Mellon Corp increased its position in Ecolab by 2.5% during the third quarter. Bank of New York Mellon Corp now owns 3,846,328 shares of the basic materials company’s stock worth $603,026,000 after purchasing an additional 93,640 shares during the last quarter. C WorldWide Group Holding A S increased its position in Ecolab by 0.3% during the third quarter. C WorldWide Group Holding A S now owns 3,410,955 shares of the basic materials company’s stock worth $534,770,000 after purchasing an additional 11,155 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec increased its position in Ecolab by 17.3% during the second quarter. Caisse DE Depot ET Placement DU Quebec now owns 3,074,082 shares of the basic materials company’s stock worth $431,386,000 after purchasing an additional 453,400 shares during the last quarter. Finally, Morgan Stanley increased its position in shares of Ecolab by 36.1% during the second quarter. Morgan Stanley now owns 2,797,769 shares of the basic materials company’s stock valued at $392,612,000 after acquiring an additional 742,376 shares during the last quarter. 76.10% of the stock is currently owned by hedge funds and other institutional investors.
Ecolab Inc provides water, hygiene, and energy technologies and services for customers worldwide. The company operates through Global Industrial, Global Institutional, and Global Energy segments. The Global Industrial segment provides water treatment and process applications, and cleaning and sanitizing solutions primarily to large industrial customers within the manufacturing, food and beverage processing, chemical, mining and primary metals, power generation, pulp and paper, and commercial laundry industries.
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