Shares of Ecolab Inc. (NYSE:ECL) have earned a consensus rating of “Hold” from the nineteen brokerages that are presently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, ten have given a hold recommendation and eight have assigned a buy recommendation to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $139.80.
A number of research firms have commented on ECL. Boenning Scattergood reissued a “buy” rating on shares of Ecolab in a research note on Monday, January 22nd. Royal Bank of Canada reissued a “buy” rating on shares of Ecolab in a research note on Friday, January 19th. Zacks Investment Research raised shares of Ecolab from a “hold” rating to a “buy” rating and set a $155.00 price target for the company in a research note on Monday, January 29th. Credit Suisse Group boosted their price target on shares of Ecolab from $129.00 to $137.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 24th. Finally, Stifel Nicolaus boosted their price target on shares of Ecolab from $140.00 to $153.00 and gave the stock a “hold” rating in a research note on Wednesday, January 24th.
In related news, major shareholder William H. Gates III acquired 442,519 shares of the firm’s stock in a transaction on Friday, March 9th. The stock was acquired at an average cost of $134.60 per share, for a total transaction of $59,563,057.40. The purchase was disclosed in a filing with the SEC, which is available at this link. Also, major shareholder William H. Gates III acquired 113,768 shares of the firm’s stock in a transaction on Wednesday, March 14th. The stock was bought at an average price of $136.89 per share, with a total value of $15,573,701.52. The disclosure for this purchase can be found here. Insiders have purchased a total of 1,848,529 shares of company stock valued at $248,579,565 over the last quarter. 1.49% of the stock is currently owned by company insiders.
ECL stock traded down $1.20 during midday trading on Friday, hitting $132.92. 707,265 shares of the stock traded hands, compared to its average volume of 1,393,023. Ecolab has a one year low of $122.58 and a one year high of $140.50. The company has a current ratio of 1.34, a quick ratio of 0.92 and a debt-to-equity ratio of 0.88. The company has a market capitalization of $39,406.06, a price-to-earnings ratio of 25.94, a P/E/G ratio of 2.03 and a beta of 1.07.
Ecolab (NYSE:ECL) last posted its quarterly earnings results on Tuesday, February 20th. The basic materials company reported $1.39 earnings per share (EPS) for the quarter, missing the consensus estimate 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 during the quarter, compared to the consensus estimate of $3.60 billion. During the same period last year, the firm earned $1.25 EPS. The business’s revenue for the quarter was up 8.9% on a year-over-year basis. equities research analysts expect that Ecolab will post 5.35 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, April 16th. Investors of record on Tuesday, March 20th will be issued a dividend of $0.41 per share. The ex-dividend date is Monday, March 19th. This represents a $1.64 dividend on an annualized basis and a yield of 1.23%. Ecolab’s dividend payout ratio is currently 31.91%.
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.
Receive News & Ratings for Ecolab Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ecolab and related companies with MarketBeat.com's FREE daily email newsletter.