Ecolab Inc. (NYSE:ECL) had its target price upped by Barclays PLC from $135.00 to $145.00 in a research report issued to clients and investors on Wednesday, November 1st. The brokerage presently has an “overweight” rating on the basic materials company’s stock. Barclays PLC’s price target indicates a potential upside of 11.28% from the company’s previous close.
ECL has been the subject of a number of other research reports. Zacks Investment Research lowered Ecolab from a “buy” rating to a “hold” rating in a research note on Thursday, July 27th. Royal Bank of Canada increased their price target on Ecolab from $134.00 to $137.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 12th. Credit Suisse Group reiterated a “hold” rating on shares of Ecolab in a research note on Wednesday, September 6th. Deutsche Bank AG raised their price objective on Ecolab from $132.00 to $134.00 and gave the company a “hold” rating in a research report on Wednesday, August 2nd. Finally, Morgan Stanley assumed coverage on Ecolab in a research report on Tuesday, August 15th. They set an “equal weight” rating and a $140.00 price objective for the company. One analyst has rated the stock with a sell rating, ten have given a hold rating and seven have issued a buy rating to the stock. Ecolab has a consensus rating of “Hold” and an average target price of $136.86.
Ecolab (ECL) traded up $0.05 during trading hours on Wednesday, hitting $130.30. The stock had a trading volume of 1,298,400 shares, compared to its average volume of 924,325. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.23 and a quick ratio of 0.83. The stock has a market cap of $37,631.09, a price-to-earnings ratio of 28.63, a price-to-earnings-growth ratio of 2.17 and a beta of 1.04. Ecolab has a 52-week low of $113.50 and a 52-week high of $134.89.
Ecolab (NYSE:ECL) last posted its quarterly earnings data on Tuesday, October 31st. The basic materials company reported $1.37 EPS for the quarter, topping 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 analyst estimates of $3.55 billion. During the same period in the prior year, the business posted $1.28 EPS. Ecolab’s revenue was up 5.2% on a year-over-year basis. research analysts anticipate that Ecolab will post 4.7 earnings per share for the current year.
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In other news, insider Thomas W. Handley sold 7,397 shares of the firm’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 sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director David Maclennan bought 450 shares of Ecolab stock in a transaction dated Monday, November 6th. The shares were bought at an average cost of $131.77 per share, for a total transaction of $59,296.50. Following the completion of the transaction, the director now owns 1,514 shares of the company’s stock, valued at approximately $199,499.78. The disclosure for this purchase can be found here. Company insiders own 1.49% of the company’s stock.
Hedge funds have recently modified their holdings of the stock. Courier Capital LLC purchased a new position in Ecolab during the second quarter valued at approximately $282,000. Alps Advisors Inc. increased its holdings in Ecolab by 21.3% during the second quarter. Alps Advisors Inc. now owns 2,134 shares of the basic materials company’s stock valued at $283,000 after buying an additional 375 shares during the period. Stephens Inc. AR increased its holdings in Ecolab by 4.7% during the second quarter. Stephens Inc. AR now owns 18,332 shares of the basic materials company’s stock valued at $2,434,000 after buying an additional 822 shares during the period. King Luther Capital Management Corp increased its holdings in Ecolab by 0.5% during the second quarter. King Luther Capital Management Corp now owns 817,279 shares of the basic materials company’s stock valued at $108,494,000 after buying an additional 3,725 shares during the period. Finally, State Street Corp increased its holdings in Ecolab by 0.3% during the first quarter. State Street Corp now owns 11,935,943 shares of the basic materials company’s stock valued at $1,496,059,000 after buying an additional 31,277 shares during the period. 75.29% of the stock is currently owned by institutional investors.
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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