Today, Ecolab Inc. (ECL) Given Average Recommendation of “Buy” by Analysts

Today, Ecolab Inc. (ECL) Given Average Recommendation of “Buy” by Analysts
Shares of Ecolab Inc. (NYSE:ECL) have earned a consensus recommendation of “Buy” from the sixteen research firms that are presently covering the company. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and ten have assigned a buy rating to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $129.58.

A number of research analysts have recently weighed in on the company. Stifel Nicolaus cut Ecolab from a “buy” rating to a “hold” rating in a research report on Tuesday, August 2nd. Barclays PLC lifted their price objective on Ecolab from $120.00 to $135.00 and gave the company an “overweight” rating in a research report on Wednesday, August 3rd. Citigroup Inc. raised Ecolab from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $127.00 to $141.00 in a research report on Wednesday, August 3rd. Goldman Sachs Group Inc. lifted their price objective on Ecolab from $103.00 to $111.00 and gave the company a “sell” rating in a research report on Wednesday, August 3rd. Finally, Deutsche Bank AG lifted their price objective on Ecolab from $118.00 to $126.00 and gave the company a “hold” rating in a research report on Wednesday, August 3rd.

Shares of Ecolab (NYSE:ECL) traded down 0.13% during mid-day trading on Friday, reaching $116.64. The company’s stock had a trading volume of 359,271 shares. The company’s 50-day moving average price is $115.56 and its 200-day moving average price is $118.69. Ecolab has a 12-month low of $98.62 and a 12-month high of $124.60. The stock has a market capitalization of $34.01 billion, a P/E ratio of 32.43 and a beta of 0.89.

Ecolab (NYSE:ECL) last announced its earnings results on Tuesday, November 1st. The company reported $1.28 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.28. The business had revenue of $3.39 billion for the quarter, compared to analysts’ expectations of $3.49 billion. Ecolab had a return on equity of 19.08% and a net margin of 8.11%. The business’s revenue for the quarter was down 1.7% on a year-over-year basis. During the same period last year, the firm posted $1.28 earnings per share. On average, equities research analysts forecast that Ecolab will post $4.41 earnings per share for the current fiscal year.

In other news, EVP Michael A. Hickey sold 17,761 shares of the business’s stock in a transaction that occurred on Monday, August 29th. The stock was sold at an average price of $123.90, for a total transaction of $2,200,587.90. Following the transaction, the executive vice president now owns 61,342 shares of the company’s stock, valued at approximately $7,600,273.80. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Christophe Beck sold 5,789 shares of the business’s stock in a transaction that occurred on Wednesday, September 7th. The shares were sold at an average price of $122.70, for a total value of $710,310.30. Following the transaction, the executive vice president now directly owns 32,475 shares in the company, valued at approximately $3,984,682.50. The disclosure for this sale can be found here. 1.50% of the stock is owned by company insiders.

Institutional investors have recently added to or reduced their stakes in the stock. Global X Management Co. LLC increased its position in Ecolab by 154.9% in the third quarter. Global X Management Co. LLC now owns 1,290 shares of the company’s stock valued at $157,000 after buying an additional 784 shares in the last quarter. Point72 Asia Hong Kong Ltd bought a new position in Ecolab during the second quarter valued at $166,000. Coconut Grove Bank increased its position in Ecolab by 6.5% in the third quarter. Coconut Grove Bank now owns 1,473 shares of the company’s stock valued at $179,000 after buying an additional 90 shares in the last quarter. Assetmark Inc. increased its position in Ecolab by 11.9% in the third quarter. Assetmark Inc. now owns 1,481 shares of the company’s stock valued at $180,000 after buying an additional 157 shares in the last quarter. Finally, Bartlett & Co. LLC increased its position in Ecolab by 2.0% in the second quarter. Bartlett & Co. LLC now owns 1,568 shares of the company’s stock valued at $186,000 after buying an additional 30 shares in the last quarter. 75.30% of the stock is currently owned by hedge funds and other institutional investors.

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