Ecolab Inc. (NYSE:ECL) EVP Michael A. Hickey sold 19,300 shares of the firm’s stock in a transaction that occurred on Tuesday, December 5th. The shares were sold at an average price of $137.54, for a total transaction of $2,654,522.00. Following the completion of the sale, the executive vice president now owns 43,262 shares in the company, valued at $5,950,255.48. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Shares of Ecolab Inc. (NYSE ECL) opened at $135.33 on Friday. The company has a market cap of $39,098.73, a P/E ratio of 29.74, a PEG ratio of 2.26 and a beta of 1.05. Ecolab Inc. has a 52-week low of $116.92 and a 52-week high of $137.96. 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 (NYSE:ECL) last announced 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. The company had revenue of $3.56 billion during the quarter, compared to the consensus estimate of $3.55 billion. Ecolab had a net margin of 9.67% and a return on equity of 19.05%. The company’s quarterly revenue was up 5.2% on a year-over-year basis. During the same quarter last year, the firm posted $1.28 EPS. research analysts expect that Ecolab Inc. will post 4.7 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Stockholders of record on Tuesday, December 19th will be given a dividend of $0.41 per share. This is an increase from Ecolab’s previous quarterly dividend of $0.37. The ex-dividend date of this dividend is Monday, December 18th. This represents a $1.64 annualized dividend and a dividend yield of 1.21%. Ecolab’s dividend payout ratio (DPR) is 33.26%.
ECL has been the subject of a number of research reports. Royal Bank Of Canada raised their price objective on shares of Ecolab from $134.00 to $137.00 and gave the company an “outperform” rating in a report on Tuesday, September 12th. Credit Suisse Group reiterated a “hold” rating on shares of Ecolab in a report on Wednesday, September 6th. Robert W. Baird reiterated a “hold” rating and issued a $140.00 price objective on shares of Ecolab in a report on Thursday, October 12th. Morgan Stanley initiated coverage on shares of Ecolab in a report on Tuesday, August 15th. They issued an “equal weight” rating and a $140.00 price objective for the company. Finally, Instinet reiterated a “neutral” rating and issued a $117.00 price objective (down previously from $120.00) on shares of Ecolab in a report on Tuesday, September 12th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and seven have issued a buy rating to the stock. Ecolab has an average rating of “Hold” and a consensus target price of $136.86.
Several hedge funds have recently made changes to their positions in ECL. Vanguard Group Inc. grew its position in Ecolab by 1.9% in the 2nd quarter. Vanguard Group Inc. now owns 20,842,027 shares of the basic materials company’s stock valued at $2,766,780,000 after purchasing an additional 387,804 shares during the period. BlackRock Inc. grew its position in Ecolab by 2.0% in the 2nd quarter. BlackRock Inc. now owns 15,325,707 shares of the basic materials company’s stock valued at $2,034,488,000 after purchasing an additional 293,303 shares during the period. C WorldWide Group Holding A S grew its position in Ecolab by 1.8% in the 3rd quarter. C WorldWide Group Holding A S now owns 3,769,066 shares of the basic materials company’s stock valued at $484,739,000 after purchasing an additional 64,833 shares during the period. Edgewood Management LLC boosted its holdings in Ecolab by 0.9% during the 3rd quarter. Edgewood Management LLC now owns 3,503,447 shares of the basic materials company’s stock worth $450,578,000 after acquiring an additional 30,773 shares during the last quarter. Finally, UBS Asset Management Americas Inc. boosted its holdings in Ecolab by 2.3% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 2,285,128 shares of the basic materials company’s stock worth $303,351,000 after acquiring an additional 51,316 shares during the last quarter. 76.98% of the stock is owned by institutional investors.
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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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