Shares of Ecolab Inc. (NYSE:ECL) have received an average rating of “Hold” from the twenty-one ratings firms that are currently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and four have issued a buy rating on the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $201.57.
ECL has been the subject of a number of research reports. Argus increased their price target on shares of Ecolab from $215.00 to $250.00 and gave the company a “buy” rating in a report on Thursday, January 7th. BMO Capital Markets increased their price target on shares of Ecolab from $187.00 to $195.00 and gave the company a “market perform” rating in a report on Wednesday, October 28th. They noted that the move was a valuation call. UBS Group dropped their price objective on shares of Ecolab from $210.00 to $205.00 and set a “neutral” rating for the company in a research note on Tuesday, October 6th. Credit Suisse Group increased their price objective on shares of Ecolab from $172.00 to $180.00 and gave the company a “neutral” rating in a research note on Wednesday, October 28th. Finally, Barclays increased their price objective on shares of Ecolab from $225.00 to $245.00 and gave the company an “overweight” rating in a research note on Tuesday, December 8th.
In related news, EVP Michael C. Mccormick sold 7,647 shares of the stock in a transaction dated Friday, November 6th. The shares were sold at an average price of $199.16, for a total transaction of $1,522,976.52. Following the completion of the sale, the executive vice president now owns 65,659 shares in the company, valued at approximately $13,076,646.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Michael C. Mccormick sold 2,921 shares of the firm’s stock in a transaction dated Tuesday, November 24th. The shares were sold at an average price of $220.00, for a total transaction of $642,620.00. Following the completion of the sale, the executive vice president now owns 55,091 shares of the company’s stock, valued at approximately $12,120,020. The disclosure for this sale can be found here. Insiders have sold a total of 199,572 shares of company stock valued at $43,964,233 in the last quarter. 1.22% of the stock is currently owned by corporate insiders.
Shares of NYSE ECL traded down $6.17 during trading hours on Wednesday, hitting $216.96. 1,004,812 shares of the stock were exchanged, compared to its average volume of 951,831. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.61 and a quick ratio of 1.19. The company’s 50 day moving average is $220.00 and its 200 day moving average is $205.41. The firm has a market capitalization of $61.93 billion, a P/E ratio of -58.80, a P/E/G ratio of 5.01 and a beta of 1.03. Ecolab has a one year low of $124.60 and a one year high of $231.36.
Ecolab (NYSE:ECL) last issued its quarterly earnings results on Tuesday, October 27th. The basic materials company reported $1.15 earnings per share for the quarter, beating analysts’ consensus estimates of $1.12 by $0.03. Ecolab had a negative net margin of 8.21% and a positive return on equity of 18.14%. The firm had revenue of $3.02 billion during the quarter, compared to the consensus estimate of $3 billion. During the same period in the prior year, the firm earned $1.52 EPS. The business’s revenue was down 6.4% on a year-over-year basis. Research analysts anticipate that Ecolab will post 4.02 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, January 15th. Investors of record on Tuesday, December 15th will be given a dividend of $0.48 per share. The ex-dividend date is Monday, December 14th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 0.88%. This is a boost from Ecolab’s previous quarterly dividend of $0.47. Ecolab’s dividend payout ratio (DPR) is 32.99%.
Ecolab Company Profile
Ecolab Inc provides water, hygiene, and energy technologies and services worldwide. The company operates through Global Industrial, Global Institutional, Global Energy, and Other segments. Its Global Industrial segment offers water treatment and process applications, and cleaning and sanitizing solutions primarily to 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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