Ecolab Inc. (NYSE:ECL) has received an average rating of “Buy” from the fourteen analysts that are currently covering the stock, MarketBeat Ratings reports. Six research analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 12-month price target among analysts that have covered the stock in the last year is $232.60.
Several equities analysts have recently commented on ECL shares. Royal Bank of Canada started coverage on Ecolab in a research report on Thursday, September 2nd. They issued an “outperform” rating and a $260.00 target price on the stock. Boenning Scattergood reaffirmed an “outperform” rating on shares of Ecolab in a research report on Wednesday, September 15th.
In related news, Chairman Douglas M. Baker, Jr. sold 173,036 shares of the firm’s stock in a transaction dated Tuesday, September 14th. The shares were sold at an average price of $223.54, for a total value of $38,680,467.44. Following the transaction, the chairman now owns 796,963 shares of the company’s stock, valued at approximately $178,153,109.02. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Michael C. Mccormick sold 9,930 shares of Ecolab stock in a transaction that occurred on Thursday, July 29th. The stock was sold at an average price of $220.00, for a total transaction of $2,184,600.00. Following the transaction, the executive vice president now directly owns 63,641 shares in the company, valued at approximately $14,001,020. The disclosure for this sale can be found here. Insiders sold a total of 217,496 shares of company stock valued at $48,541,441 over the last quarter. 1.05% of the stock is owned by corporate insiders.
NYSE ECL traded down $1.25 during trading on Monday, reaching $217.09. 1,234,202 shares of the company’s stock were exchanged, compared to its average volume of 1,000,261. The business has a 50 day moving average price of $220.73 and a 200-day moving average price of $217.41. The stock has a market capitalization of $62.11 billion, a P/E ratio of 59.64, a PEG ratio of 3.54 and a beta of 1.00. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.91 and a quick ratio of 1.41. Ecolab has a fifty-two week low of $181.25 and a fifty-two week high of $231.25.
Ecolab (NYSE:ECL) last posted its earnings results on Tuesday, July 27th. The basic materials company reported $1.22 EPS for the quarter, beating the consensus estimate of $1.18 by $0.04. Ecolab had a return on equity of 20.14% and a net margin of 8.66%. The company had revenue of $3.16 billion for the quarter, compared to the consensus estimate of $3.11 billion. During the same quarter in the prior year, the business earned $0.65 earnings per share. The firm’s revenue for the quarter was up 17.8% on a year-over-year basis. On average, analysts forecast that Ecolab will post 5.04 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, October 15th. Stockholders of record on Tuesday, September 14th will be paid a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 0.88%. The ex-dividend date is Monday, September 13th. Ecolab’s payout ratio is 47.76%.
Ecolab, Inc engages in the provision of products and services in the field of water, hygiene, and energy. It operates through the following segments: Global Industrial, Global Institutional & Specialty, Global Energy & Life Science, and Other. The Global Industrial segment consists of the water, food and beverage, paper, and downstream operating segments.
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