Ecolab Inc. (NYSE:ECL) – William Blair lowered their Q2 2018 earnings per share estimates for Ecolab in a research report issued on Tuesday. William Blair analyst T. Mulrooney now expects that the basic materials company will post earnings per share of $1.21 for the quarter, down from their prior estimate of $1.25. William Blair also issued estimates for Ecolab’s FY2019 earnings at $5.85 EPS.
A number of other equities research analysts also recently issued reports on the stock. Argus reissued a “buy” rating and set a $150.00 price objective on shares of Ecolab in a research report on Thursday. Citigroup boosted their price objective on shares of Ecolab from $140.00 to $144.00 and gave the company a “neutral” rating in a research report on Thursday. Zacks Investment Research upgraded shares of Ecolab from a “hold” rating to a “buy” rating and set a $155.00 target price on the stock in a research note on Monday, January 29th. Credit Suisse Group lifted their target price on shares of Ecolab from $129.00 to $137.00 and gave the company a “neutral” rating in a research note on Wednesday, January 24th. Finally, Stifel Nicolaus lifted their target price on shares of Ecolab from $140.00 to $153.00 and gave the company a “hold” rating in a research note on Wednesday, January 24th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and nine have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $140.88.
Ecolab (NYSE:ECL) last issued its quarterly earnings data on Tuesday, February 20th. The basic materials company reported $1.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.40 by ($0.01). Ecolab had a net margin of 10.90% and a return on equity of 19.10%. The business had revenue of $3.65 billion for the quarter, compared to the consensus estimate of $3.60 billion. During the same period in the previous year, the firm earned $1.25 EPS. The company’s revenue was up 8.9% on a year-over-year basis.
A number of hedge funds have recently made changes to their positions in the business. Cambridge Investment Research Advisors Inc. lifted its stake in Ecolab by 8.9% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 30,376 shares of the basic materials company’s stock worth $4,076,000 after purchasing an additional 2,494 shares in the last quarter. Wagner Wealth Management LLC purchased a new stake in Ecolab in the 4th quarter worth $112,000. Xact Kapitalforvaltning AB lifted its stake in Ecolab by 7.3% in the 4th quarter. Xact Kapitalforvaltning AB now owns 43,258 shares of the basic materials company’s stock worth $5,804,000 after purchasing an additional 2,934 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its stake in Ecolab by 1.8% in the 4th quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 294,162 shares of the basic materials company’s stock worth $39,471,000 after purchasing an additional 5,298 shares in the last quarter. Finally, Ashburton Jersey Ltd lifted its stake in Ecolab by 302.9% in the 4th quarter. Ashburton Jersey Ltd now owns 1,370 shares of the basic materials company’s stock worth $184,000 after purchasing an additional 1,030 shares in the last quarter. Institutional investors and hedge funds own 76.59% of the company’s stock.
In other Ecolab news, CFO Daniel J. Schmechel sold 1,708 shares of the business’s stock in a transaction on Thursday, December 7th. The shares were sold at an average price of $136.30, for a total value of $232,800.40. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Bruno Lavandier sold 347 shares of the business’s stock in a transaction on Friday, December 1st. The stock was sold at an average price of $134.77, for a total transaction of $46,765.19. Following the completion of the sale, the senior vice president now owns 7,615 shares in the company, valued at approximately $1,026,273.55. The disclosure for this sale can be found here. In the last quarter, insiders sold 57,446 shares of company stock worth $7,886,307. Corporate insiders own 1.49% 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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