Ecolab Inc. (NYSE:ECL) – Analysts at Seaport Global Securities decreased their FY2018 earnings per share estimates for shares of Ecolab in a research report issued on Monday, November 5th. Seaport Global Securities analyst M. Harrison now anticipates that the basic materials company will post earnings per share of $5.25 for the year, down from their previous forecast of $5.31. Seaport Global Securities also issued estimates for Ecolab’s Q4 2018 earnings at $1.54 EPS, Q1 2019 earnings at $1.02 EPS, Q2 2019 earnings at $1.41 EPS, Q3 2019 earnings at $1.68 EPS, Q4 2019 earnings at $1.71 EPS, FY2019 earnings at $5.82 EPS and FY2020 earnings at $6.56 EPS.
Several other research analysts have also recently weighed in on the stock. Deutsche Bank boosted their price target on shares of Ecolab from $150.00 to $162.00 and gave the stock a “hold” rating in a report on Monday. BMO Capital Markets boosted their target price on shares of Ecolab from $151.00 to $159.00 and gave the company a “hold” rating in a research note on Thursday, November 1st. JPMorgan Chase & Co. upgraded shares of Ecolab from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $147.00 to $157.00 in a research note on Wednesday, October 31st. Barclays boosted their target price on shares of Ecolab from $150.00 to $165.00 and gave the company an “overweight” rating in a research note on Wednesday, October 24th. Finally, Bank of America began coverage on shares of Ecolab in a research note on Tuesday, October 23rd. They issued a “buy” rating and a $123.00 target price on the stock. Seven equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $153.75.
Ecolab (NYSE:ECL) last released its quarterly earnings results on Tuesday, October 30th. The basic materials company reported $1.53 earnings per share for the quarter, hitting the consensus estimate of $1.53. Ecolab had a net margin of 10.99% and a return on equity of 19.13%. The business had revenue of $3.75 billion for the quarter, compared to analysts’ expectations of $3.74 billion. During the same period in the previous year, the company earned $1.37 earnings per share. The firm’s revenue for the quarter was up 5.1% compared to the same quarter last year.
Institutional investors have recently modified their holdings of the stock. Baillie Gifford & Co. increased its stake in shares of Ecolab by 18.8% in the 2nd quarter. Baillie Gifford & Co. now owns 16,402 shares of the basic materials company’s stock worth $2,302,000 after acquiring an additional 2,601 shares in the last quarter. Colony Group LLC bought a new position in shares of Ecolab in the 2nd quarter worth about $211,000. Royal London Asset Management Ltd. bought a new position in shares of Ecolab in the 2nd quarter worth about $26,888,000. M Holdings Securities Inc. increased its stake in shares of Ecolab by 9.5% in the 2nd quarter. M Holdings Securities Inc. now owns 8,116 shares of the basic materials company’s stock worth $1,139,000 after acquiring an additional 706 shares in the last quarter. Finally, Landmark Bank bought a new position in shares of Ecolab in the 2nd quarter worth about $1,195,000. Institutional investors own 76.10% of the company’s stock.
In related news, Director Victoria Reich sold 6,700 shares of the stock in a transaction dated Thursday, August 9th. The shares were sold at an average price of $148.40, for a total value of $994,280.00. Following the completion of the transaction, the director now directly owns 20,987 shares in the company, valued at approximately $3,114,470.80. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Arthur J. Higgins sold 8,700 shares of the stock in a transaction dated Monday, August 27th. The stock was sold at an average price of $149.76, for a total transaction of $1,302,912.00. Following the completion of the transaction, the director now owns 21,363 shares of the company’s stock, valued at $3,199,322.88. The disclosure for this sale can be found here. Insiders have sold a total of 104,285 shares of company stock valued at $15,825,260 in the last three months. 1.50% of the stock is currently owned by corporate insiders.
Ecolab Company Profile
Ecolab Inc provides water, hygiene, and energy technologies and services for customers worldwide. The company operates through Global Industrial, Global Institutional, and Global Energy segments. The Global Industrial segment provides water treatment and process applications, and cleaning and sanitizing solutions primarily to large industrial customers within the manufacturing, food and beverage processing, chemical, mining and primary metals, power generation, pulp and paper, and commercial laundry industries.
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