Ecolab Inc. (NYSE:ECL) EVP Roberto Inchaustegui sold 4,800 shares of the business’s stock in a transaction dated Monday, March 12th. The stock was sold at an average price of $136.04, for a total value of $652,992.00. Following the transaction, the executive vice president now owns 27,402 shares in the company, valued at approximately $3,727,768.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Ecolab stock opened at $139.78 on Friday. The firm has a market cap of $40,801.25, a price-to-earnings ratio of 29.80, a price-to-earnings-growth ratio of 2.11 and a beta of 1.00. Ecolab Inc. has a one year low of $124.46 and a one year high of $141.99. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.92 and a current ratio of 1.34.
Ecolab (NYSE:ECL) last issued its quarterly earnings results on Tuesday, February 20th. The basic materials company reported $1.39 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ 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 business had revenue of $3.65 billion during the quarter, compared to analyst estimates of $3.60 billion. During the same period in the prior year, the business posted $1.25 earnings per share. The company’s revenue for the quarter was up 8.9% compared to the same quarter last year. sell-side analysts predict that Ecolab Inc. will post 5.35 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, April 16th. Investors of record on Tuesday, March 20th will be paid a $0.41 dividend. This represents a $1.64 annualized dividend and a dividend yield of 1.17%. The ex-dividend date is Monday, March 19th. Ecolab’s payout ratio is presently 34.97%.
Several equities analysts have recently commented on the company. Boenning Scattergood reaffirmed a “buy” rating on shares of Ecolab in a report on Monday, January 22nd. Royal Bank of Canada reissued a “buy” rating on shares of Ecolab in a report on Friday, January 19th. Zacks Investment Research raised Ecolab from a “hold” rating to a “buy” rating and set a $155.00 price objective for the company in a report on Monday, January 29th. Credit Suisse Group increased their price target on Ecolab from $129.00 to $137.00 and gave the company a “neutral” rating in a research note on Wednesday, January 24th. Finally, Stifel Nicolaus increased their price objective on Ecolab from $140.00 to $153.00 and gave the company a “hold” rating in a research report on Wednesday, January 24th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and ten have given a buy rating to the company. Ecolab currently has an average rating of “Hold” and an average price target of $141.06.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. lifted its stake in Ecolab by 1.5% during the fourth quarter. BlackRock Inc. now owns 15,713,077 shares of the basic materials company’s stock worth $2,108,380,000 after purchasing an additional 226,031 shares during the period. Clearbridge Investments LLC lifted its stake in Ecolab by 3.7% during the fourth quarter. Clearbridge Investments LLC now owns 5,745,837 shares of the basic materials company’s stock worth $770,976,000 after purchasing an additional 207,345 shares during the period. C WorldWide Group Holding A S lifted its stake in Ecolab by 1.9% during the fourth quarter. C WorldWide Group Holding A S now owns 3,842,375 shares of the basic materials company’s stock worth $515,570,000 after purchasing an additional 73,309 shares during the period. Edgewood Management LLC lifted its stake in Ecolab by 0.9% during the third quarter. Edgewood Management LLC now owns 3,503,447 shares of the basic materials company’s stock worth $450,578,000 after purchasing an additional 30,773 shares during the period. Finally, Wells Fargo & Company MN lifted its stake in Ecolab by 1.2% during the fourth quarter. Wells Fargo & Company MN now owns 2,796,556 shares of the basic materials company’s stock worth $375,243,000 after purchasing an additional 34,370 shares during the period. Institutional investors and hedge funds own 78.34% of the company’s stock.
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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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