Ecolab (NYSE:ECL)‘s stock had its “market perform” rating reissued by equities research analysts at Oppenheimer in a research report issued on Wednesday.

Several other research firms also recently issued reports on ECL. Citigroup downgraded Ecolab from an “outperform” rating to a “market perform” rating in a research note on Wednesday. They noted that the move was a valuation call. Deutsche Bank upped their price objective on Ecolab from $150.00 to $162.00 and gave the company a “hold” rating in a research note on Monday, November 5th. UBS Group upped their price objective on Ecolab from $165.00 to $180.00 and gave the company a “buy” rating in a research note on Tuesday, October 2nd. JPMorgan Chase & Co. raised Ecolab from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $147.00 to $157.00 in a research note on Wednesday, October 31st. Finally, BMO Capital Markets upped their price objective on Ecolab from $151.00 to $159.00 and gave the company a “hold” rating in a research note on Thursday, November 1st. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and eight have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $154.47.

Shares of NYSE ECL opened at $156.06 on Wednesday. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.34 and a quick ratio of 0.90. The stock has a market cap of $46.31 billion, a price-to-earnings ratio of 33.28, a price-to-earnings-growth ratio of 2.38 and a beta of 0.87. Ecolab has a 12 month low of $125.74 and a 12 month high of $160.66.

Ecolab (NYSE:ECL) last issued its earnings results on Tuesday, October 30th. The basic materials company reported $1.53 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.53. The firm had revenue of $3.75 billion during the quarter, compared to the consensus estimate of $3.74 billion. Ecolab had a return on equity of 19.13% and a net margin of 10.99%. The business’s quarterly revenue was up 5.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.37 earnings per share. On average, sell-side analysts predict that Ecolab will post 5.27 earnings per share for the current year.

In other Ecolab news, EVP Darrell R. Brown sold 11,800 shares of the stock in a transaction that occurred on Friday, August 31st. The shares were sold at an average price of $150.25, for a total transaction of $1,772,950.00. Following the completion of the sale, the executive vice president now owns 18,641 shares of the company’s stock, valued at approximately $2,800,810.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Douglas M. Baker, Jr. sold 40,025 shares of the stock in a transaction that occurred on Wednesday, November 7th. The shares were sold at an average price of $160.20, for a total transaction of $6,412,005.00. Following the sale, the chairman now directly owns 558,017 shares of the company’s stock, valued at approximately $89,394,323.40. The disclosure for this sale can be found here. Insiders have sold a total of 112,110 shares of company stock valued at $17,473,320 in the last three months. Insiders own 1.50% of the company’s stock.

Large investors have recently added to or reduced their stakes in the business. Ancora Advisors LLC bought a new position in shares of Ecolab in the 3rd quarter worth $107,000. Honkamp Krueger Financial Services Inc. purchased a new stake in Ecolab in the 3rd quarter worth about $110,000. Braun Bostich & Associates Inc. increased its holdings in Ecolab by 487.7% in the 2nd quarter. Braun Bostich & Associates Inc. now owns 858 shares of the basic materials company’s stock worth $120,000 after acquiring an additional 712 shares during the last quarter. Squar Milner Financial Services LLC purchased a new stake in Ecolab in the 2nd quarter worth about $126,000. Finally, Flagship Harbor Advisors LLC purchased a new stake in Ecolab in the 2nd quarter worth about $139,000. 76.35% of the stock is owned by institutional investors and hedge funds.

About Ecolab

Ecolab Inc provides water, hygiene, and energy technologies and services for customers worldwide. The company operates through Global Industrial, Global Institutional, and Global Energy segments. The Global Industrial segment provides water treatment and process applications, and cleaning and sanitizing solutions primarily to large industrial customers within the manufacturing, food and beverage processing, chemical, mining and primary metals, power generation, pulp and paper, and commercial laundry industries.

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Analyst Recommendations for Ecolab (NYSE:ECL)

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