Ecolab Inc. (NYSE:ECL) EVP Michael A. Hickey sold 32,468 shares of the firm’s stock in a transaction dated Thursday, September 13th. The shares were sold at an average price of $155.80, for a total transaction of $5,058,514.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
ECL opened at $157.12 on Monday. Ecolab Inc. has a 1-year low of $125.74 and a 1-year high of $157.23. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.84 and a current ratio of 1.27. The company has a market capitalization of $44.99 billion, a PE ratio of 33.50, a P/E/G ratio of 2.27 and a beta of 0.99.
Ecolab (NYSE:ECL) last posted its quarterly earnings results on Tuesday, July 31st. The basic materials company reported $1.27 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.27. Ecolab had a net margin of 10.83% and a return on equity of 18.96%. The company had revenue of $3.69 billion for the quarter, compared to the consensus estimate of $3.69 billion. During the same period last year, the company posted $1.13 EPS. The firm’s quarterly revenue was up 6.6% compared to the same quarter last year. analysts expect that Ecolab Inc. will post 5.37 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, October 15th. Stockholders of record on Tuesday, September 18th will be paid a $0.41 dividend. The ex-dividend date is Monday, September 17th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 1.04%. Ecolab’s payout ratio is currently 34.97%.
Institutional investors and hedge funds have recently bought and sold shares of the company. Victory Capital Management Inc. boosted its position in Ecolab by 26.6% during the 1st quarter. Victory Capital Management Inc. now owns 41,546 shares of the basic materials company’s stock worth $5,695,000 after buying an additional 8,730 shares during the period. ING Groep NV boosted its position in Ecolab by 52.2% during the 1st quarter. ING Groep NV now owns 10,316 shares of the basic materials company’s stock worth $1,414,000 after buying an additional 3,539 shares during the period. Tiverton Asset Management LLC boosted its position in Ecolab by 51.0% during the 1st quarter. Tiverton Asset Management LLC now owns 3,390 shares of the basic materials company’s stock worth $465,000 after buying an additional 1,145 shares during the period. Signaturefd LLC acquired a new stake in Ecolab during the 1st quarter worth approximately $131,000. Finally, Teacher Retirement System of Texas boosted its position in Ecolab by 16.1% during the 1st quarter. Teacher Retirement System of Texas now owns 194,629 shares of the basic materials company’s stock worth $26,678,000 after buying an additional 26,927 shares during the period. Institutional investors own 76.42% of the company’s stock.
Several equities analysts have commented on the stock. ValuEngine raised shares of Ecolab from a “hold” rating to a “buy” rating in a report on Friday, September 7th. Nomura raised their target price on shares of Ecolab from $146.00 to $153.00 and gave the company a “neutral” rating in a report on Monday, August 13th. Oppenheimer raised their target price on shares of Ecolab from $153.00 to $156.00 and gave the company an “outperform” rating in a report on Tuesday, August 7th. Zacks Investment Research raised shares of Ecolab from a “sell” rating to a “hold” rating in a report on Thursday, August 2nd. Finally, Credit Suisse Group raised their target price on shares of Ecolab from $140.00 to $142.00 and gave the company a “neutral” rating in a report on Wednesday, August 1st. Eight analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $149.00.
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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