Ecolab (NYSE:ECL) had its target price boosted by BMO Capital Markets from $151.00 to $159.00 in a report published on Thursday morning. They currently have a hold rating on the basic materials company’s stock.
Other research analysts also recently issued reports about the company. Boenning Scattergood reissued a buy rating on shares of Ecolab in a research note on Tuesday, July 31st. Barclays boosted their price objective on Ecolab from $150.00 to $165.00 and gave the company an overweight rating in a research note on Wednesday, October 24th. Nomura boosted their price objective on Ecolab from $146.00 to $153.00 and gave the company a neutral rating in a research note on Monday, August 13th. Zacks Investment Research downgraded Ecolab from a hold rating to a sell rating in a research note on Tuesday, July 24th. Finally, Credit Suisse Group boosted their price objective on Ecolab from $140.00 to $142.00 and gave the company a neutral rating in a research note on Wednesday, August 1st. Seven analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The stock has a consensus rating of Buy and a consensus target price of $152.38.
Shares of NYSE ECL traded up $1.86 during trading on Thursday, reaching $154.59. The company had a trading volume of 1,249,363 shares, compared to its average volume of 1,216,178. Ecolab has a 12 month low of $125.74 and a 12 month high of $159.92. The firm has a market capitalization of $43.05 billion, a PE ratio of 32.96, a price-to-earnings-growth ratio of 2.20 and a beta of 0.96. The company has a current ratio of 1.34, a quick ratio of 0.84 and a debt-to-equity ratio of 0.79.
Ecolab (NYSE:ECL) last released its quarterly earnings results on Tuesday, October 30th. The basic materials company reported $1.53 EPS for the quarter, meeting analysts’ consensus estimates of $1.53. The firm had revenue of $3.75 billion for the quarter, compared to analyst estimates of $3.74 billion. Ecolab had a return on equity of 19.13% and a net margin of 10.99%. The business’s revenue was up 5.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.37 EPS. As a group, analysts forecast that Ecolab will post 5.29 earnings per share for the current fiscal year.
In related news, EVP Michael A. Hickey sold 32,468 shares of the company’s stock in a transaction that occurred on Thursday, September 13th. The stock was 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 SEC, which is available through the SEC website. Also, EVP Christophe Beck sold 25,500 shares of the company’s stock in a transaction that occurred on Friday, August 10th. The stock was sold at an average price of $147.83, for a total value of $3,769,665.00. Following the transaction, the executive vice president now directly owns 27,649 shares in the company, valued at $4,087,351.67. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 104,285 shares of company stock worth $15,825,260. 1.50% of the stock is owned by company insiders.
Hedge funds have recently bought and sold shares of the stock. Braun Bostich & Associates Inc. raised its stake in Ecolab by 487.7% during the 2nd quarter. Braun Bostich & Associates Inc. now owns 858 shares of the basic materials company’s stock worth $120,000 after buying an additional 712 shares during the period. Squar Milner Financial Services LLC acquired a new position in Ecolab during the 2nd quarter worth approximately $126,000. Flagship Harbor Advisors LLC acquired a new position in Ecolab during the 2nd quarter worth approximately $139,000. LeJeune Puetz Investment Counsel LLC acquired a new position in Ecolab during the 2nd quarter worth approximately $154,000. Finally, Harfst & Associates Inc. acquired a new position in Ecolab during the 2nd quarter worth approximately $201,000. 76.15% of the stock is currently owned by institutional investors and hedge funds.
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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