Ecolab Inc. (NYSE:ECL) – Research analysts at Seaport Global Securities reduced their FY2017 earnings per share (EPS) estimates for Ecolab in a report released on Monday. Seaport Global Securities analyst M. Harrison now forecasts that the basic materials company will post earnings per share of $4.70 for the year, down from their prior estimate of $4.74. Seaport Global Securities also issued estimates for Ecolab’s Q4 2017 earnings at $1.40 EPS, Q1 2018 earnings at $0.93 EPS, Q2 2018 earnings at $1.29 EPS and FY2018 earnings at $5.20 EPS.
Several other research firms have also weighed in on ECL. Credit Suisse Group reissued a “hold” rating on shares of Ecolab in a research note on Wednesday, September 6th. Stifel Nicolaus reaffirmed a “hold” rating and set a $130.00 price target on shares of Ecolab in a research report on Thursday, August 3rd. Robert W. Baird reaffirmed a “hold” rating and set a $140.00 price target on shares of Ecolab in a research report on Thursday, October 12th. Zacks Investment Research lowered Ecolab from a “buy” rating to a “hold” rating in a research report on Thursday, July 27th. Finally, Royal Bank Of Canada raised their price target on Ecolab from $137.00 to $143.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 7th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and seven have issued a buy rating to the company. Ecolab currently has an average rating of “Hold” and an average price target of $136.86.
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Ecolab (NYSE ECL) opened at $131.40 on Wednesday. Ecolab has a one year low of $113.50 and a one year high of $134.89. The company has a quick ratio of 0.83, a current ratio of 1.23 and a debt-to-equity ratio of 0.89. The firm has a market capitalization of $38,032.68, a PE ratio of 28.93, a price-to-earnings-growth ratio of 2.20 and a beta of 1.04.
Ecolab (NYSE:ECL) last released its earnings results on Tuesday, October 31st. The basic materials company reported $1.37 earnings per share for the quarter, beating 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 firm had revenue of $3.56 billion for the quarter, compared to analyst estimates of $3.55 billion. During the same quarter in the prior year, the firm posted $1.28 earnings per share. The company’s quarterly revenue was up 5.2% on a year-over-year basis.
In related news, Director David Maclennan purchased 450 shares of the firm’s stock in a transaction on Monday, November 6th. The stock was purchased at an average cost of $131.77 per share, for a total transaction of $59,296.50. Following the completion of the purchase, the director now directly owns 1,514 shares in the company, valued at $199,499.78. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Thomas W. Handley sold 7,397 shares of the firm’s stock in a transaction that occurred on Thursday, September 14th. The shares were sold at an average price of $130.63, for a total value of $966,270.11. The disclosure for this sale can be found here. 1.49% of the stock is owned by company insiders.
A number of hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. grew its stake in Ecolab by 1.9% in the second quarter. Vanguard Group Inc. now owns 20,842,027 shares of the basic materials company’s stock valued at $2,766,780,000 after purchasing an additional 387,804 shares in the last quarter. BlackRock Inc. boosted its stake in shares of Ecolab by 2.0% during the 2nd quarter. BlackRock Inc. now owns 15,325,707 shares of the basic materials company’s stock worth $2,034,488,000 after acquiring an additional 293,303 shares during the period. State Street Corp boosted its stake in shares of Ecolab by 0.3% during the 1st quarter. State Street Corp now owns 11,935,943 shares of the basic materials company’s stock worth $1,496,059,000 after acquiring an additional 31,277 shares during the period. Clearbridge Investments LLC boosted its stake in shares of Ecolab by 6.8% during the 1st quarter. Clearbridge Investments LLC now owns 5,012,431 shares of the basic materials company’s stock worth $628,258,000 after acquiring an additional 320,253 shares during the period. Finally, C WorldWide Group Holding A S boosted its stake in shares of Ecolab by 1.8% during the 3rd quarter. C WorldWide Group Holding A S now owns 3,769,066 shares of the basic materials company’s stock worth $484,739,000 after acquiring an additional 64,833 shares during the period. Hedge funds and other institutional investors own 75.70% of the company’s stock.
Ecolab Company Profile
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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