Ecolab Inc. (NYSE:ECL) – Investment analysts at Boenning Scattergood lowered their Q1 2019 earnings per share (EPS) estimates for shares of Ecolab in a research report issued to clients and investors on Tuesday, October 30th. Boenning Scattergood analyst R. Connors now anticipates that the basic materials company will post earnings per share of $1.04 for the quarter, down from their previous estimate of $1.07. Boenning Scattergood currently has a “Buy” rating on the stock. Boenning Scattergood also issued estimates for Ecolab’s Q2 2019 earnings at $1.42 EPS.
A number of other brokerages also recently issued reports on ECL. UBS Group raised their price objective on Ecolab from $165.00 to $180.00 and gave the stock a “buy” rating in a research report on Tuesday, October 2nd. Zacks Investment Research upgraded Ecolab from a “hold” rating to a “buy” rating and set a $176.00 price objective for the company in a research report on Wednesday, October 10th. BMO Capital Markets raised their price objective on Ecolab from $151.00 to $159.00 and gave the stock a “hold” rating in a research report on Thursday. ValuEngine upgraded Ecolab from a “hold” rating to a “buy” rating in a research report on Friday, September 7th. Finally, JPMorgan Chase & Co. upgraded Ecolab from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $147.00 to $157.00 in a research report on Wednesday. Seven investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $152.38.
Shares of ECL traded up $0.86 during mid-day trading on Friday, reaching $153.59. 383,088 shares of the company were exchanged, compared to its average volume of 1,429,058. Ecolab has a 52 week low of $125.74 and a 52 week high of $159.92. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.34 and a quick ratio of 0.84. The company has a market capitalization of $43.05 billion, a price-to-earnings ratio of 32.75, a price-to-earnings-growth ratio of 2.20 and a beta of 0.96.
Ecolab (NYSE:ECL) last issued its quarterly earnings data on Tuesday, October 30th. The basic materials company reported $1.53 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $1.53. Ecolab had a return on equity of 19.13% and a net margin of 10.99%. The company had revenue of $3.75 billion during the quarter, compared to the consensus estimate of $3.74 billion. During the same period last year, the company earned $1.37 earnings per share. The firm’s revenue was up 5.1% compared to the same quarter last year.
In related news, EVP Christophe Beck sold 25,500 shares of the firm’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 transaction of $3,769,665.00. Following the completion of the sale, the executive vice president now owns 27,649 shares of the company’s stock, valued at $4,087,351.67. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Michael A. Hickey sold 32,468 shares of the firm’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 value of $5,058,514.40. The disclosure for this sale can be found here. Insiders have sold 104,285 shares of company stock valued at $15,825,260 in the last ninety days. 1.50% of the stock is currently owned by insiders.
A number of institutional investors have recently made changes to their positions in the business. Edgewood Management LLC grew its stake in Ecolab by 2.6% in the second quarter. Edgewood Management LLC now owns 5,650,684 shares of the basic materials company’s stock valued at $792,960,000 after acquiring an additional 144,389 shares during the period. Bank of New York Mellon Corp grew its stake in Ecolab by 84.9% in the second quarter. Bank of New York Mellon Corp now owns 3,752,688 shares of the basic materials company’s stock valued at $526,615,000 after acquiring an additional 1,723,429 shares during the period. Caisse DE Depot ET Placement DU Quebec grew its stake in Ecolab by 17.3% in the second quarter. Caisse DE Depot ET Placement DU Quebec now owns 3,074,082 shares of the basic materials company’s stock valued at $431,386,000 after acquiring an additional 453,400 shares during the period. Morgan Stanley grew its stake in Ecolab by 36.1% in the second quarter. Morgan Stanley now owns 2,797,769 shares of the basic materials company’s stock valued at $392,612,000 after acquiring an additional 742,376 shares during the period. Finally, Principal Financial Group Inc. grew its stake in Ecolab by 3.5% in the first quarter. Principal Financial Group Inc. now owns 1,368,074 shares of the basic materials company’s stock valued at $187,522,000 after acquiring an additional 45,993 shares during the period. 76.15% of the stock is owned by hedge funds and other institutional investors.
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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