Ecolab Inc. (NYSE:ECL) had its target price raised by equities research analysts at Royal Bank Of Canada from $134.00 to $137.00 in a research note issued to investors on Tuesday. The firm presently has an “outperform” rating on the basic materials company’s stock. Royal Bank Of Canada’s price target points to a potential upside of 5.52% from the stock’s previous close.

A number of other analysts have also commented on ECL. UBS AG reaffirmed a “buy” rating and set a $147.00 target price (up previously from $144.00) on shares of Ecolab in a report on Tuesday, August 8th. Jefferies Group LLC reaffirmed a “hold” rating and set a $130.00 target price on shares of Ecolab in a report on Wednesday, August 16th. BidaskClub lowered shares of Ecolab from a “sell” rating to a “strong sell” rating in a report on Monday, August 14th. Canaccord Genuity reaffirmed a “buy” rating and set a $145.00 target price on shares of Ecolab in a report on Monday. Finally, Deutsche Bank AG lifted their target price on shares of Ecolab from $132.00 to $134.00 and gave the stock a “hold” rating in a report on Wednesday, August 2nd. One analyst has rated the stock with a sell rating, nine have issued a hold rating and seven have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $134.07.

Shares of Ecolab (NYSE ECL) opened at 129.83 on Tuesday. The stock’s 50 day moving average price is $131.58 and its 200 day moving average price is $129.28. The company has a market capitalization of $37.57 billion, a price-to-earnings ratio of 29.68 and a beta of 0.99. Ecolab has a 1-year low of $110.65 and a 1-year high of $134.89.

Ecolab (NYSE:ECL) last released its earnings results on Tuesday, August 1st. The basic materials company reported $1.13 EPS for the quarter, topping analysts’ consensus estimates of $1.12 by $0.01. Ecolab had a net margin of 9.66% and a return on equity of 18.93%. The firm had revenue of $3.46 billion during the quarter, compared to analyst estimates of $3.40 billion. During the same quarter in the previous year, the business earned $1.08 EPS. The business’s quarterly revenue was up 4.4% compared to the same quarter last year. Analysts expect that Ecolab will post $4.77 EPS for the current year.

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In other news, major shareholder William H. Gates III purchased 75,500 shares of the firm’s stock in a transaction dated Thursday, August 3rd. The stock was bought at an average price of $132.57 per share, with a total value of $10,009,035.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.49% of the stock is owned by insiders.

Institutional investors and hedge funds have recently bought and sold shares of the stock. BNP Paribas Arbitrage SA lifted its position in Ecolab by 269.4% in the 1st quarter. BNP Paribas Arbitrage SA now owns 191,189 shares of the basic materials company’s stock valued at $23,964,000 after acquiring an additional 139,434 shares in the last quarter. State Street Corp lifted its position in Ecolab by 0.3% in the 1st quarter. State Street Corp now owns 11,935,943 shares of the basic materials company’s stock valued at $1,496,059,000 after acquiring an additional 31,277 shares in the last quarter. YHB Investment Advisors Inc. lifted its position in Ecolab by 0.6% in the 1st quarter. YHB Investment Advisors Inc. now owns 112,954 shares of the basic materials company’s stock valued at $14,581,000 after acquiring an additional 649 shares in the last quarter. Bell Bank lifted its position in Ecolab by 6.7% in the 1st quarter. Bell Bank now owns 4,706 shares of the basic materials company’s stock valued at $590,000 after acquiring an additional 297 shares in the last quarter. Finally, Neuburgh Advisers LLC lifted its position in Ecolab by 25.2% in the 1st quarter. Neuburgh Advisers LLC now owns 4,128 shares of the basic materials company’s stock valued at $517,000 after acquiring an additional 832 shares in the last quarter. 75.54% of the stock is currently owned by institutional investors and hedge funds.

About Ecolab

Ecolab Inc provides water, hygiene and energy technologies and services. The Company’s cleaning and sanitizing programs and products, pest elimination services and equipment maintenance and repair services support customers in the foodservice, food and beverage processing, hospitality, healthcare, government and education, retail, textile care and commercial facilities management sectors in over 170 countries.

Analyst Recommendations for Ecolab (NYSE:ECL)

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