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 shares were sold at an average price of $137.54, for a total transaction of $2,654,522.00. Following the transaction, the executive vice president now directly owns 43,262 shares of the company’s stock, valued at approximately $5,950,255.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Ecolab Inc. (NYSE ECL) traded down $0.96 during mid-day trading on Thursday, reaching $135.92. 938,129 shares of the company’s stock were exchanged, compared to its average volume of 943,517. The company has a current ratio of 1.23, a quick ratio of 0.83 and a debt-to-equity ratio of 0.89. Ecolab Inc. has a fifty-two week low of $116.92 and a fifty-two week high of $137.96. The stock has a market cap of $39,702.60, a PE ratio of 30.20, a PEG ratio of 2.29 and a beta of 1.05.
Ecolab (NYSE:ECL) last announced its quarterly earnings data on Tuesday, October 31st. The basic materials company reported $1.37 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.36 by $0.01. The firm had revenue of $3.56 billion during the quarter, compared to analyst estimates of $3.55 billion. Ecolab had a net margin of 9.67% and a return on equity of 19.05%. The business’s quarterly revenue was up 5.2% on a year-over-year basis. During the same period in the previous year, the business posted $1.28 EPS. sell-side analysts forecast that Ecolab Inc. will post 4.7 earnings per share for the current fiscal year.
Several brokerages recently commented on ECL. Royal Bank Of Canada boosted their price objective on shares of Ecolab from $137.00 to $143.00 and gave the company an “outperform” rating in a research note on Tuesday, November 7th. Zacks Investment Research raised shares of Ecolab from a “sell” rating to a “hold” rating in a research note on Thursday, November 2nd. UBS boosted their price target on shares of Ecolab from $147.00 to $148.00 and gave the stock a “buy” rating in a research note on Wednesday, November 1st. Barclays boosted their price target on shares of Ecolab from $135.00 to $145.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 1st. Finally, Jefferies Group boosted their price target on shares of Ecolab from $130.00 to $140.00 and gave the stock a “hold” rating in a research note 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 company. The stock presently has a consensus rating of “Hold” and a consensus price target of $136.86.
Several institutional investors and hedge funds have recently made changes to their positions in ECL. Arvest Bank Trust Division lifted its holdings in shares of Ecolab by 1.0% in the 2nd quarter. Arvest Bank Trust Division now owns 64,054 shares of the basic materials company’s stock worth $8,503,000 after acquiring an additional 615 shares during the last quarter. Swedbank lifted its holdings in shares of Ecolab by 8.5% in the 2nd quarter. Swedbank now owns 1,546,127 shares of the basic materials company’s stock worth $205,249,000 after acquiring an additional 120,963 shares during the last quarter. Northstar Group Inc. lifted its holdings in shares of Ecolab by 126.8% in the 2nd quarter. Northstar Group Inc. now owns 7,540 shares of the basic materials company’s stock worth $1,001,000 after acquiring an additional 4,215 shares during the last quarter. Trust Co. of Vermont lifted its holdings in shares of Ecolab by 4.7% in the 2nd quarter. Trust Co. of Vermont now owns 58,027 shares of the basic materials company’s stock worth $7,703,000 after acquiring an additional 2,609 shares during the last quarter. Finally, Creative Planning lifted its holdings in shares of Ecolab by 18.7% in the 2nd quarter. Creative Planning now owns 6,942 shares of the basic materials company’s stock worth $922,000 after acquiring an additional 1,094 shares during the last quarter. Hedge funds and other institutional investors own 76.98% of the company’s stock.
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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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