Ecolab Inc. (NYSE:ECL) Given Average Rating of “Hold” by Brokerages

Shares of Ecolab Inc. (NYSE:ECLGet Free Report) have earned a consensus recommendation of “Hold” from the seventeen ratings firms that are currently covering the company, Marketbeat.com reports. Nine research analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $243.44.

A number of equities research analysts recently commented on ECL shares. Raymond James increased their target price on shares of Ecolab from $230.00 to $250.00 and gave the company an “outperform” rating in a research report on Wednesday, April 3rd. Mizuho raised shares of Ecolab from a “neutral” rating to a “buy” rating and increased their target price for the company from $216.00 to $260.00 in a research report on Friday, April 12th. BMO Capital Markets increased their target price on shares of Ecolab from $227.00 to $234.00 and gave the company a “market perform” rating in a research report on Wednesday, May 1st. Piper Sandler started coverage on shares of Ecolab in a research report on Wednesday, April 3rd. They set an “overweight” rating and a $260.00 target price for the company. Finally, UBS Group increased their target price on shares of Ecolab from $270.00 to $282.00 and gave the company a “buy” rating in a research report on Tuesday.

Read Our Latest Research Report on ECL

Ecolab Price Performance

Shares of ECL opened at $243.27 on Thursday. The company has a 50 day moving average price of $236.43 and a 200-day moving average price of $221.79. Ecolab has a fifty-two week low of $156.72 and a fifty-two week high of $245.93. The stock has a market capitalization of $69.47 billion, a PE ratio of 45.05, a PEG ratio of 2.57 and a beta of 1.11. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.99 and a current ratio of 1.41.

Ecolab (NYSE:ECLGet Free Report) last announced its quarterly earnings results on Tuesday, April 30th. The basic materials company reported $1.34 earnings per share for the quarter, topping the consensus estimate of $1.33 by $0.01. Ecolab had a net margin of 10.01% and a return on equity of 20.56%. The firm had revenue of $3.75 billion during the quarter, compared to analysts’ expectations of $3.74 billion. During the same quarter in the prior year, the company earned $0.88 EPS. The company’s revenue was up 5.0% compared to the same quarter last year. Equities analysts predict that Ecolab will post 6.59 earnings per share for the current fiscal year.

Ecolab Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Tuesday, June 18th will be paid a $0.57 dividend. The ex-dividend date is Tuesday, June 18th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 0.94%. Ecolab’s payout ratio is currently 42.22%.

Insider Transactions at Ecolab

In other news, Director Arthur J. Higgins sold 4,500 shares of the stock in a transaction on Monday, May 6th. The shares were sold at an average price of $227.52, for a total value of $1,023,840.00. Following the sale, the director now owns 25,548 shares in the company, valued at $5,812,680.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director David Maclennan purchased 650 shares of the stock in a transaction that occurred on Friday, May 3rd. The shares were purchased at an average cost of $227.37 per share, with a total value of $147,790.50. Following the completion of the acquisition, the director now owns 17,111 shares of the company’s stock, valued at approximately $3,890,528.07. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Arthur J. Higgins sold 4,500 shares of the stock in a transaction on Monday, May 6th. The stock was sold at an average price of $227.52, for a total transaction of $1,023,840.00. Following the sale, the director now directly owns 25,548 shares in the company, valued at $5,812,680.96. The disclosure for this sale can be found here. Company insiders own 0.50% of the company’s stock.

Institutional Trading of Ecolab

A number of hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in Ecolab by 1.3% during the first quarter. Vanguard Group Inc. now owns 23,486,858 shares of the basic materials company’s stock worth $5,423,116,000 after buying an additional 304,402 shares in the last quarter. Brown Advisory Inc. lifted its holdings in Ecolab by 4.2% during the fourth quarter. Brown Advisory Inc. now owns 2,264,757 shares of the basic materials company’s stock valued at $449,215,000 after purchasing an additional 91,547 shares in the last quarter. Van ECK Associates Corp lifted its holdings in Ecolab by 9.1% during the fourth quarter. Van ECK Associates Corp now owns 1,855,130 shares of the basic materials company’s stock valued at $367,965,000 after purchasing an additional 155,151 shares in the last quarter. Norges Bank purchased a new position in Ecolab during the fourth quarter valued at $365,420,000. Finally, Swedbank AB purchased a new position in Ecolab during the first quarter valued at $390,687,000. 74.91% of the stock is owned by hedge funds and other institutional investors.

Ecolab Company Profile

(Get Free Report

Ecolab Inc provides water, hygiene, and infection prevention solutions and services in the United States and internationally. The company operates through three segments: Global Industrial; Global Institutional & Specialty; and Global Healthcare & Life Sciences. The Global Industrial segment offers water treatment and process applications, and cleaning and sanitizing solutions to manufacturing, food and beverage processing, transportation, chemical, metals and mining, power generation, pulp and paper, commercial laundry, petroleum, refining, and petrochemical industries.

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Analyst Recommendations for Ecolab (NYSE:ECL)

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