Ecolab Inc. (NYSE:ECL) – Research analysts at Seaport Global Securities boosted their FY2020 earnings per share estimates for shares of Ecolab in a report released on Tuesday, February 5th. Seaport Global Securities analyst M. Harrison now anticipates that the basic materials company will post earnings of $6.59 per share for the year, up from their previous forecast of $6.56. Seaport Global Securities currently has a “Neutral” rating on the stock.
A number of other equities analysts have also recently commented on ECL. Citigroup cut shares of Ecolab from an “outperform” rating to a “market perform” rating in a research report on Wednesday, November 21st. They noted that the move was a valuation call. Zacks Investment Research raised shares of Ecolab from a “sell” rating to a “hold” rating in a research report on Wednesday, November 21st. Deutsche Bank lifted their price objective on shares of Ecolab from $150.00 to $162.00 and gave the stock a “hold” rating in a research report on Monday, November 5th. Boenning Scattergood reaffirmed a “buy” rating and set a $210.00 price objective on shares of Ecolab in a research report on Tuesday. Finally, BMO Capital Markets lifted their price objective on shares of Ecolab from $151.00 to $159.00 and gave the stock a “hold” rating in a research report on Thursday, November 1st. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $159.36.
NYSE:ECL opened at $159.30 on Wednesday. Ecolab has a 1-year low of $125.74 and a 1-year high of $162.91. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.34 and a quick ratio of 0.90. The firm has a market capitalization of $45.98 billion, a P/E ratio of 33.97, a PEG ratio of 2.11 and a beta of 0.89.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 15th. Stockholders of record on Tuesday, December 18th were given a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.16%. The ex-dividend date was Monday, December 17th. This is a boost from Ecolab’s previous quarterly dividend of $0.41. Ecolab’s payout ratio is presently 39.23%.
In other news, Director Leslie S. Biller sold 2,811 shares of the business’s stock in a transaction dated Friday, November 30th. The shares were sold at an average price of $160.40, for a total value of $450,884.40. Following the completion of the sale, the director now owns 57,842 shares of the company’s stock, valued at $9,277,856.80. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 1.50% of the company’s stock.
Institutional investors have recently made changes to their positions in the company. Schroder Investment Management Group raised its stake in Ecolab by 6.0% in the second quarter. Schroder Investment Management Group now owns 62,682 shares of the basic materials company’s stock valued at $8,780,000 after purchasing an additional 3,540 shares in the last quarter. Bank of New York Mellon Corp raised its stake in Ecolab by 84.9% in the second quarter. Bank of New York Mellon Corp now owns 3,752,688 shares of the basic materials company’s stock valued at $526,615,000 after purchasing an additional 1,723,429 shares in the last quarter. Atria Investments LLC raised its stake in Ecolab by 51.3% in the third quarter. Atria Investments LLC now owns 5,788 shares of the basic materials company’s stock valued at $907,000 after purchasing an additional 1,963 shares in the last quarter. United Capital Management of KS Inc. acquired a new position in Ecolab in the third quarter valued at about $509,000. Finally, Smith Shellnut Wilson LLC ADV acquired a new position in Ecolab in the third quarter valued at about $305,000. 75.95% of the stock is owned by institutional investors.
Ecolab Company Profile
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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