Ecolab Inc. (NYSE:ECL) EVP Michael A. Hickey sold 19,300 shares of the business’s stock in a transaction that occurred on Tuesday, December 5th. The stock was sold at an average price of $137.54, for a total value of $2,654,522.00. Following the completion of the sale, the executive vice president now owns 43,262 shares of the company’s stock, valued at $5,950,255.48. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Shares of Ecolab Inc. (ECL) opened at $135.33 on Friday. Ecolab Inc. has a 1 year low of $116.92 and a 1 year high of $137.96. The firm has a market capitalization of $39,269.23, a price-to-earnings ratio of 29.87, a price-to-earnings-growth ratio of 2.27 and a beta of 1.05. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.23 and a quick ratio of 0.83.

Ecolab (NYSE:ECL) last announced its earnings results on Tuesday, October 31st. The basic materials company reported $1.37 EPS for the quarter, topping the consensus estimate of $1.36 by $0.01. Ecolab had a return on equity of 19.05% and a net margin of 9.67%. The company had revenue of $3.56 billion for the quarter, compared to analysts’ expectations of $3.55 billion. During the same quarter in the prior year, the business earned $1.28 earnings per share. The business’s revenue for the quarter was up 5.2% on a year-over-year basis. equities research analysts anticipate that Ecolab Inc. will post 4.7 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 16th. Shareholders of record on Tuesday, December 19th will be paid a $0.41 dividend. This is a positive change from Ecolab’s previous quarterly dividend of $0.37. The ex-dividend date is Monday, December 18th. This represents a $1.64 annualized dividend and a yield of 1.21%. Ecolab’s dividend payout ratio is presently 33.26%.

Several research firms recently weighed in on ECL. BidaskClub upgraded Ecolab from a “strong sell” rating to a “sell” rating in a report on Wednesday, August 23rd. Jefferies Group restated a “hold” rating and issued a $130.00 target price on shares of Ecolab in a report on Wednesday, August 16th. Barclays boosted their target price on Ecolab from $135.00 to $145.00 and gave the stock an “overweight” rating in a report on Wednesday, November 1st. Nomura reiterated a “hold” rating and set a $117.00 price target (down from $120.00) on shares of Ecolab in a report on Tuesday, September 12th. Finally, UBS upped their price target on Ecolab from $147.00 to $148.00 and gave the stock a “buy” rating in a report on Wednesday, November 1st. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and seven have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $136.86.

Large investors have recently added to or reduced their stakes in the business. TCI Wealth Advisors Inc. increased its holdings in shares of 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 acquiring an additional 35 shares in the last quarter. Atlantic Trust LLC bought a new stake in shares of Ecolab in the second quarter worth about $106,000. IHT Wealth Management LLC increased its holdings in shares of 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 acquiring an additional 38 shares in the last quarter. Atwood & Palmer Inc. increased its holdings in shares of Ecolab by 2.9% in the second quarter. Atwood & Palmer Inc. now owns 892 shares of the basic materials company’s stock worth $118,000 after acquiring an additional 25 shares in the last quarter. Finally, Sphera Funds Management LTD. bought a new stake in shares of Ecolab in the second quarter worth about $133,000. 76.98% of the stock is currently owned by hedge funds and other institutional investors.

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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.

Insider Buying and Selling by Quarter for Ecolab (NYSE:ECL)

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