Ecolab Inc. (NYSE:ECL) shares were up 2.7% during mid-day trading on Tuesday . The stock traded as high as $121.94 and last traded at $121.82, with a volume of 981,941 shares traded. The stock had previously closed at $118.67.

Several research analysts recently issued reports on ECL shares. Bank of America Corp. reiterated a “buy” rating on shares of Ecolab in a research note on Saturday, April 9th. Canaccord Genuity reiterated a “buy” rating on shares of Ecolab in a research note on Wednesday, May 4th. Oppenheimer Holdings Inc. reiterated a “buy” rating and issued a $120.00 price target on shares of Ecolab in a research note on Wednesday, May 4th. Stifel Nicolaus decreased their price target on shares of Ecolab from $129.00 to $123.00 and set a “buy” rating for the company in a research note on Wednesday, June 1st. Finally, Citigroup Inc. upgraded shares of Ecolab from a “neutral” rating to a “buy” rating and increased their price target for the stock from $127.00 to $141.00 in a research note on Wednesday. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and ten have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $125.47.

The firm has a 50-day moving average of $119.13 and a 200 day moving average of $113.26. The firm has a market cap of $35.67 billion and a PE ratio of 38.25.

Ecolab (NYSE:ECL) last announced its earnings results on Tuesday, August 2nd. The company reported $1.08 EPS for the quarter, hitting the Zacks’ consensus estimate of $1.08. The firm earned $3.32 billion during the quarter, compared to the consensus estimate of $3.33 billion. During the same quarter in the prior year, the firm posted $1.08 earnings per share. The business’s revenue for the quarter was down 2.1% compared to the same quarter last year. On average, equities analysts expect that Ecolab Inc. will post $4.44 earnings per share for the current fiscal year.

In other news, EVP Timothy P. Mulhere sold 3,762 shares of the business’s stock in a transaction dated Wednesday, June 8th. The stock was sold at an average price of $121.60, for a total transaction of $457,459.20. Following the sale, the executive vice president now owns 12,725 shares in the company, valued at $1,547,360. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Larry L. Berger sold 11,590 shares of the business’s stock in a transaction dated Friday, May 6th. The stock was sold at an average price of $116.33, for a total value of $1,348,264.70. Following the sale, the vice president now owns 27,729 shares in the company, valued at approximately $3,225,714.57. The disclosure for this sale can be found here.

Several large investors have modified their holdings of ECL. Mutual of America Capital Management LLC raised its stake in shares of Ecolab by 0.3% in the fourth quarter. Mutual of America Capital Management LLC now owns 29,590 shares of the company’s stock worth $3,385,000 after buying an additional 87 shares during the last quarter. First Financial Bank raised its stake in shares of Ecolab by 0.5% in the fourth quarter. First Financial Bank now owns 26,222 shares of the company’s stock worth $2,999,000 after buying an additional 125 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its stake in shares of Ecolab by 1.1% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 21,489 shares of the company’s stock worth $2,458,000 after buying an additional 237 shares during the last quarter. Girard Partners LTD. raised its stake in shares of Ecolab by 1.6% in the fourth quarter. Girard Partners LTD. now owns 23,052 shares of the company’s stock worth $2,637,000 after buying an additional 364 shares during the last quarter. Finally, Suntrust Banks Inc. raised its stake in shares of Ecolab by 0.4% in the fourth quarter. Suntrust Banks Inc. now owns 312,788 shares of the company’s stock worth $35,775,000 after buying an additional 1,322 shares during the last quarter.

Ecolab Inc provides water, hygiene and energy technologies and services. The Company’s segments include Global Industrial, Global Institutional, Global Energy, Other and Corporate. The Global Industrial segment consists of the Water, Food and Beverage, Paper and Textile Care operating units. The Global Institutional segment consists of the Institutional, Specialty and Healthcare operating units.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.