Ecolab Inc. (NYSE:ECL) – Analysts at Jefferies Financial Group issued their Q4 2018 earnings per share estimates for Ecolab in a report released on Tuesday, October 30th. Jefferies Financial Group analyst L. Alexander anticipates that the basic materials company will post earnings of $1.54 per share for the quarter.
Ecolab (NYSE:ECL) last released its quarterly earnings results on Tuesday, October 30th. The basic materials company reported $1.53 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.53. Ecolab had a return on equity of 19.13% and a net margin of 10.99%. The business had revenue of $3.75 billion for the quarter, compared to analysts’ expectations of $3.74 billion. During the same quarter in the previous year, the firm posted $1.37 earnings per share. The company’s revenue was up 5.1% compared to the same quarter last year.
Other research analysts have also recently issued research reports about the company. Boenning Scattergood reiterated a “buy” rating on shares of Ecolab in a research note on Tuesday, July 31st. Barclays boosted their price target on Ecolab from $150.00 to $165.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 24th. Nomura boosted their price target on Ecolab from $146.00 to $153.00 and gave the stock a “neutral” rating in a research note on Monday, August 13th. Zacks Investment Research cut Ecolab from a “hold” rating to a “sell” rating in a research note on Tuesday, July 24th. Finally, Credit Suisse Group boosted their price target on Ecolab from $140.00 to $142.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 1st. Seven analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Ecolab presently has a consensus rating of “Buy” and a consensus target price of $152.38.
NYSE:ECL opened at $154.59 on Friday. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.84 and a current ratio of 1.34. Ecolab has a one year low of $125.74 and a one year high of $159.92. The stock has a market capitalization of $44.66 billion, a P/E ratio of 30.31, a price-to-earnings-growth ratio of 2.29 and a beta of 0.87.
Institutional investors have recently made changes to their positions in the stock. Braun Bostich & Associates Inc. grew its holdings in shares of Ecolab by 487.7% during the second quarter. Braun Bostich & Associates Inc. now owns 858 shares of the basic materials company’s stock valued at $120,000 after purchasing an additional 712 shares during the last quarter. Squar Milner Financial Services LLC bought a new position in shares of Ecolab during the second quarter valued at approximately $126,000. Flagship Harbor Advisors LLC bought a new position in shares of Ecolab during the second quarter valued at approximately $139,000. LeJeune Puetz Investment Counsel LLC bought a new position in shares of Ecolab during the second quarter valued at approximately $154,000. Finally, Harfst & Associates Inc. bought a new position in shares of Ecolab during the second quarter valued at approximately $201,000. 76.15% of the stock is owned by hedge funds and other institutional investors.
In related news, Director Arthur J. Higgins sold 8,700 shares of the business’s stock in a transaction dated Monday, August 27th. The stock was sold at an average price of $149.76, for a total value of $1,302,912.00. Following the completion of the sale, the director now directly owns 21,363 shares of the company’s stock, valued at $3,199,322.88. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Victoria Reich sold 6,700 shares of the business’s stock in a transaction dated Thursday, August 9th. The shares were sold at an average price of $148.40, for a total value of $994,280.00. Following the completion of the sale, the director now directly owns 20,987 shares of the company’s stock, valued at $3,114,470.80. The disclosure for this sale can be found here. Over the last three months, insiders sold 104,285 shares of company stock valued at $15,825,260. 1.50% of the stock is owned by corporate insiders.
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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