Ecolab (NYSE:ECL)‘s stock had its “buy” rating reiterated by equities researchers at Argus in a research report issued to clients and investors on Thursday. They presently have a $150.00 price objective on the basic materials company’s stock. Argus’ price target indicates a potential upside of 14.64% from the stock’s current price.
Other equities analysts have also issued research reports about the company. UBS Group lifted their target price on Ecolab from $147.00 to $148.00 and gave the company a “buy” rating in a research note on Wednesday, November 1st. Barclays reiterated a “buy” rating and issued a $150.00 target price on shares of Ecolab in a research note on Wednesday, December 27th. Boenning Scattergood reiterated a “buy” rating on shares of Ecolab in a research note on Monday, January 22nd. Royal Bank of Canada reiterated a “buy” rating on shares of Ecolab in a research note on Friday, January 19th. Finally, Zacks Investment Research upgraded Ecolab from a “hold” rating to a “buy” rating and set a $155.00 target price on the stock in a research note on Monday, January 29th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have given a buy rating to the company’s stock. Ecolab has a consensus rating of “Hold” and an average target price of $140.88.
Ecolab (ECL) opened at $130.84 on Thursday. Ecolab has a 52 week low of $122.30 and a 52 week high of $140.50. The company has a quick ratio of 0.83, a current ratio of 1.34 and a debt-to-equity ratio of 0.88. The stock has a market capitalization of $37,800.00, a PE ratio of 23.04, a price-to-earnings-growth ratio of 1.90 and a beta of 1.06.
Ecolab (NYSE:ECL) last posted its earnings results on Tuesday, February 20th. The basic materials company reported $1.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.40 by ($0.01). Ecolab had a net margin of 10.90% and a return on equity of 19.10%. The company had revenue of $3.65 billion during the quarter, compared to analysts’ expectations of $3.60 billion. During the same quarter last year, the firm earned $1.25 EPS. Ecolab’s revenue for the quarter was up 8.9% on a year-over-year basis. equities research analysts expect that Ecolab will post 5.37 EPS for the current fiscal year.
In other Ecolab news, SVP Bruno Lavandier sold 347 shares of the firm’s stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $134.77, for a total value of $46,765.19. Following the completion of the sale, the senior vice president now owns 7,615 shares of the company’s stock, valued at $1,026,273.55. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Douglas M. Baker, Jr. sold 18,000 shares of Ecolab stock in a transaction dated Wednesday, December 6th. The stock was sold at an average price of $137.09, for a total value of $2,467,620.00. Following the sale, the chief executive officer now directly owns 427,548 shares of the company’s stock, valued at approximately $58,612,555.32. The disclosure for this sale can be found here. In the last three months, insiders sold 57,446 shares of company stock valued at $7,886,307. Corporate insiders own 1.49% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the stock. Wagner Wealth Management LLC acquired a new stake in shares of Ecolab during the fourth quarter worth about $112,000. SeaCrest Wealth Management LLC acquired a new stake in shares of Ecolab during the fourth quarter worth about $125,000. Captrust Financial Advisors acquired a new stake in shares of Ecolab during the fourth quarter worth about $129,000. Aevitas Wealth Management Inc. acquired a new stake in shares of Ecolab during the fourth quarter worth about $133,000. Finally, Community Bank N.A. acquired a new stake in shares of Ecolab during the fourth quarter worth about $140,000. 76.59% of the stock is owned by hedge funds and other 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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