Ecolab (NYSE:ECL) had its target price raised by BMO Capital Markets from $180.00 to $208.00 in a research note issued to investors on Monday, The Fly reports. BMO Capital Markets currently has a market perform rating on the basic materials company’s stock.
A number of other research analysts have also recently weighed in on the company. Credit Suisse Group set a $181.00 target price on Ecolab and gave the company a neutral rating in a report on Wednesday, July 31st. Zacks Investment Research upgraded Ecolab from a sell rating to a hold rating in a report on Thursday, May 2nd. Argus raised their price objective on Ecolab from $180.00 to $200.00 and gave the company a buy rating in a research report on Wednesday, May 1st. Nomura cut their price objective on Ecolab from $210.00 to $208.00 and set a buy rating on the stock in a research report on Thursday, May 2nd. Finally, UBS Group set a $202.00 price objective on Ecolab and gave the company a hold rating in a research report on Wednesday, July 31st. Eleven investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Ecolab has a consensus rating of Hold and an average target price of $191.07.
Shares of Ecolab stock opened at $200.19 on Monday. Ecolab has a twelve month low of $135.77 and a twelve month high of $209.24. The firm has a market capitalization of $55.92 billion, a PE ratio of 38.13, a P/E/G ratio of 2.64 and a beta of 0.84. The company has a quick ratio of 0.78, a current ratio of 1.18 and a debt-to-equity ratio of 0.72. The firm has a fifty day moving average price of $196.96.
Ecolab (NYSE:ECL) last issued its earnings results on Tuesday, July 30th. The basic materials company reported $1.42 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.41 by $0.01. Ecolab had a return on equity of 19.81% and a net margin of 10.12%. The firm had revenue of $3.76 billion for the quarter, compared to analysts’ expectations of $3.79 billion. During the same quarter last year, the firm earned $1.27 earnings per share. The firm’s revenue for the quarter was up 1.9% compared to the same quarter last year. As a group, analysts predict that Ecolab will post 5.92 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Tuesday, September 17th will be given a $0.46 dividend. This represents a $1.84 annualized dividend and a yield of 0.92%. The ex-dividend date of this dividend is Monday, September 16th. Ecolab’s dividend payout ratio (DPR) is presently 35.05%.
In other news, EVP Elizabeth A. Simermeyer sold 3,875 shares of Ecolab stock in a transaction dated Wednesday, May 22nd. The stock was sold at an average price of $183.90, for a total transaction of $712,612.50. Following the sale, the executive vice president now directly owns 10,421 shares of the company’s stock, valued at $1,916,421.90. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Laurie M. Marsh sold 6,300 shares of Ecolab stock in a transaction dated Tuesday, May 28th. The stock was sold at an average price of $182.04, for a total value of $1,146,852.00. Following the sale, the executive vice president now directly owns 17,583 shares in the company, valued at $3,200,809.32. The disclosure for this sale can be found here. Insiders sold 95,650 shares of company stock worth $18,898,540 over the last three months. 1.52% of the stock is currently owned by corporate insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Bridges Investment Management Inc. grew its stake in Ecolab by 0.7% in the second quarter. Bridges Investment Management Inc. now owns 49,645 shares of the basic materials company’s stock worth $9,803,000 after purchasing an additional 325 shares in the last quarter. Copperwynd Financial LLC grew its stake in Ecolab by 2.9% in the second quarter. Copperwynd Financial LLC now owns 2,361 shares of the basic materials company’s stock worth $466,000 after purchasing an additional 67 shares in the last quarter. Janus Henderson Group PLC grew its stake in Ecolab by 34.9% in the second quarter. Janus Henderson Group PLC now owns 316,437 shares of the basic materials company’s stock worth $62,439,000 after purchasing an additional 81,864 shares in the last quarter. Inverness Counsel LLC NY acquired a new position in Ecolab in the second quarter worth about $229,000. Finally, Certified Advisory Corp acquired a new position in Ecolab in the second quarter worth about $25,000. 75.30% of the stock is currently owned by institutional investors and hedge funds.
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. The 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, transportation, chemical, primary metals and mining, power generation, pulp and paper, pharmaceutical, and commercial laundry.
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