Ecolab Inc. (NYSE:ECL) – Equities researchers at Seaport Global Securities issued their Q1 2019 earnings per share estimates for Ecolab in a note issued to investors on Wednesday. Seaport Global Securities analyst M. Harrison expects that the basic materials company will earn $1.08 per share for the quarter. Seaport Global Securities also issued estimates for Ecolab’s Q2 2019 earnings at $1.46 EPS, Q3 2019 earnings at $1.67 EPS, Q4 2019 earnings at $1.67 EPS and FY2019 earnings at $5.88 EPS.
Other equities research analysts have also recently issued research reports about the stock. Royal Bank of Canada reiterated a “buy” rating on shares of Ecolab in a report on Friday. UBS Group increased their price target on shares of Ecolab from $147.00 to $148.00 and gave the company a “buy” rating in a report on Wednesday, November 1st. Barclays reiterated a “buy” rating and set a $150.00 price target on shares of Ecolab in a report on Wednesday, December 27th. Jefferies Group increased their price target on shares of Ecolab from $130.00 to $140.00 and gave the company a “hold” rating in a report on Wednesday, November 1st. Finally, Stifel Nicolaus reiterated a “hold” rating and set a $140.00 price target on shares of Ecolab in a report on Wednesday, November 1st. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and seven have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $137.21.
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 business had revenue of $3.56 billion for the quarter, compared to analysts’ expectations of $3.55 billion. Ecolab had a net margin of 9.67% and a return on equity of 19.05%. The business’s revenue was up 5.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.28 earnings per share.
Institutional investors have recently modified their holdings of the stock. Atlantic Trust LLC bought a new position in Ecolab during the second quarter valued at approximately $106,000. IHT Wealth Management LLC raised its position in Ecolab by 4.9% in the second quarter. IHT Wealth Management LLC now owns 811 shares of the basic materials company’s stock worth $116,000 after acquiring an additional 38 shares during the period. Harfst & Associates Inc. raised its position in Ecolab by 13.2% in the second quarter. Harfst & Associates Inc. now owns 1,057 shares of the basic materials company’s stock worth $140,000 after acquiring an additional 123 shares during the period. Westwood Holdings Group Inc. bought a new position in Ecolab in the second quarter worth approximately $184,000. Finally, Chelsea Counsel Co. bought a new position in Ecolab in the fourth quarter worth approximately $201,000. Institutional investors own 76.57% of the company’s stock.
In related news, CEO Douglas M. Baker, Jr. sold 18,000 shares of the stock in a transaction that occurred on Wednesday, December 6th. The shares were sold at an average price of $137.09, for a total transaction of $2,467,620.00. Following the transaction, the chief executive officer now owns 427,548 shares in the company, valued at $58,612,555.32. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Larry L. Berger sold 5,197 shares of the stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $137.37, for a total transaction of $713,911.89. Following the transaction, the vice president now owns 33,110 shares in the company, valued at approximately $4,548,320.70. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 57,446 shares of company stock worth $7,886,307. 1.49% of the stock is owned by insiders.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 16th. Investors of record on Tuesday, December 19th were given a dividend of $0.41 per share. This is an increase from Ecolab’s previous quarterly dividend of $0.37. The ex-dividend date was Monday, December 18th. This represents a $1.64 dividend on an annualized basis and a yield of 1.17%. Ecolab’s dividend payout ratio is 33.26%.
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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