Ecolab (ECL) Price Target Lowered to $208.00 at Nomura

Share on StockTwits

Ecolab (NYSE:ECL) had its price objective lowered by Nomura from $210.00 to $208.00 in a research report sent to investors on Thursday, BenzingaRatingsTable reports. The brokerage currently has a buy rating on the basic materials company’s stock.

Several other analysts have also issued reports on ECL. Zacks Investment Research lowered shares of Ecolab from a hold rating to a sell rating in a research report on Wednesday, April 24th. Canaccord Genuity upped their price target on shares of Ecolab from $186.00 to $198.00 and gave the company a buy rating in a research report on Wednesday. Bank of America restated a buy rating and set a $200.00 price target (up from $178.00) on shares of Ecolab in a research report on Wednesday. Robert W. Baird set a $166.00 price target on shares of Ecolab and gave the company a hold rating in a research report on Wednesday, February 20th. Finally, Argus upped their price target on shares of Ecolab from $180.00 to $200.00 and gave the company a buy rating in a research report on Wednesday. Eleven research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company currently has an average rating of Hold and an average price target of $178.27.

ECL traded up $0.68 during trading on Thursday, reaching $185.00. The stock had a trading volume of 690,897 shares, compared to its average volume of 1,022,465. The stock has a market cap of $53.12 billion, a PE ratio of 35.24, a P/E/G ratio of 2.51 and a beta of 0.89. The company has a quick ratio of 0.85, a current ratio of 1.14 and a debt-to-equity ratio of 0.73. Ecolab has a one year low of $135.77 and a one year high of $186.34.

Ecolab (NYSE:ECL) last released its earnings results on Tuesday, April 30th. The basic materials company reported $1.03 EPS for the quarter, beating the Zacks’ consensus estimate of $1.02 by $0.01. Ecolab had a return on equity of 19.50% and a net margin of 10.06%. The business had revenue of $3.51 billion for the quarter, compared to analysts’ expectations of $3.57 billion. During the same quarter in the prior year, the firm earned $0.91 earnings per share. The firm’s revenue was up 1.0% on a year-over-year basis. As a group, equities analysts anticipate that Ecolab will post 5.9 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Tuesday, June 18th will be given a dividend of $0.46 per share. The ex-dividend date of this dividend is Monday, June 17th. This represents a $1.84 annualized dividend and a yield of 0.99%. Ecolab’s payout ratio is 35.05%.

In other news, SVP Bruno Lavandier sold 2,969 shares of the stock in a transaction dated Thursday, May 2nd. The shares were sold at an average price of $183.27, for a total transaction of $544,128.63. Following the completion of the sale, the senior vice president now directly owns 7,732 shares in the company, valued at $1,417,043.64. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Douglas M. Baker, Jr. sold 157,125 shares of the stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $170.14, for a total transaction of $26,733,247.50. Following the sale, the chief executive officer now owns 536,060 shares of the company’s stock, valued at $91,205,248.40. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 306,458 shares of company stock valued at $52,489,544. 1.52% of the stock is currently owned by company insiders.

Institutional investors have recently bought and sold shares of the company. Tributary Capital Management LLC purchased a new stake in shares of Ecolab during the fourth quarter worth about $25,000. Athena Capital Advisors LLC bought a new position in Ecolab in the fourth quarter worth about $25,000. Liberty Wealth Management LLC bought a new position in Ecolab in the fourth quarter worth about $27,000. Oregon Public Employees Retirement Fund raised its stake in Ecolab by 14,455.4% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 4,084,837 shares of the basic materials company’s stock worth $28,000 after buying an additional 4,056,773 shares in the last quarter. Finally, Ruggie Capital Group bought a new position in Ecolab in the fourth quarter worth about $30,000. Institutional investors own 76.28% of the company’s stock.

About Ecolab

Ecolab Inc provides water, hygiene, and energy technologies and services worldwide. The company operates through Global Industrial, Global Institutional, Global Energy, and Other segments. The Global Industrial segment offers water treatment and process applications, and cleaning and sanitizing solutions primarily to industrial customers within the manufacturing, food and beverage processing, transportation, chemical, primary metals and mining, power generation, pulp and paper, pharmaceutical, and commercial laundry.

Read More: How Does the Quiet Period Work?

Analyst Recommendations for Ecolab (NYSE:ECL)

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.