Ecolab Inc. (ECL) Insider Thomas W. Handley Sells 7,397 Shares of Stock
Ecolab Inc. (NYSE:ECL) insider Thomas W. Handley sold 7,397 shares of the firm’s stock in a transaction on Thursday, September 14th. The stock was sold at an average price of $130.63, for a total value of $966,270.11. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Shares of Ecolab Inc. (NYSE ECL) traded up 0.03% on Friday, hitting $131.05. The stock had a trading volume of 1,208,174 shares. The firm has a 50 day moving average price of $131.31 and a 200-day moving average price of $129.38. Ecolab Inc. has a 52 week low of $110.65 and a 52 week high of $134.89. The company has a market cap of $37.92 billion, a price-to-earnings ratio of 29.96 and a beta of 0.99.
Ecolab (NYSE:ECL) last posted its quarterly earnings data 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. The company had revenue of $3.46 billion for the quarter, compared to analyst estimates of $3.40 billion. Ecolab had a return on equity of 18.93% and a net margin of 9.66%. The business’s revenue was up 4.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.08 earnings per share. Analysts anticipate that Ecolab Inc. will post $4.74 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Tuesday, September 19th will be paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 1.13%. The ex-dividend date is Monday, September 18th. Ecolab’s dividend payout ratio is currently 33.79%.
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ECL has been the topic of several research analyst reports. Credit Suisse Group restated a “hold” rating on shares of Ecolab in a research note on Wednesday, September 6th. Zacks Investment Research cut Ecolab from a “buy” rating to a “hold” rating in a research note on Thursday, July 27th. Oppenheimer Holdings, Inc. reiterated an “outperform” rating and issued a $141.00 target price (up from $133.00) on shares of Ecolab in a research note on Friday, June 2nd. Canaccord Genuity raised their target price on Ecolab from $135.00 to $145.00 and gave the company a “buy” rating in a research note on Friday, July 28th. Finally, BidaskClub upgraded Ecolab from a “strong sell” rating to a “sell” rating in a research note on Wednesday, August 23rd. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and seven have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $133.93.
Institutional investors have recently bought and sold shares of the business. FUKOKU MUTUAL LIFE INSURANCE Co boosted its stake in Ecolab by 60.0% in the first quarter. FUKOKU MUTUAL LIFE INSURANCE Co now owns 800 shares of the basic materials company’s stock worth $100,000 after purchasing an additional 300 shares in the last quarter. TCI Wealth Advisors Inc. boosted its stake in Ecolab by 4.8% in the second quarter. TCI Wealth Advisors Inc. now owns 763 shares of the basic materials company’s stock worth $101,000 after purchasing an additional 35 shares in the last quarter. Atlantic Trust LLC acquired a new position in Ecolab in the second quarter worth $106,000. JNBA Financial Advisors boosted its stake in Ecolab by 2.5% in the first quarter. JNBA Financial Advisors now owns 871 shares of the basic materials company’s stock worth $109,000 after purchasing an additional 21 shares in the last quarter. Finally, IHT Wealth Management LLC boosted its stake in Ecolab by 4.9% in the second quarter. IHT Wealth Management LLC now owns 811 shares of the basic materials company’s stock worth $116,000 after purchasing an additional 38 shares in the last quarter. 75.54% of the stock is currently owned by institutional investors.
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.
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