Ecolab Inc. (NYSE:ECL) – Stock analysts at Seaport Global Securities issued their Q1 2019 earnings estimates for Ecolab in a research report issued to clients and investors on Wednesday. Seaport Global Securities analyst M. Harrison anticipates 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.
Ecolab (NYSE:ECL) last posted its earnings results on Tuesday, October 31st. The basic materials company reported $1.37 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.36 by $0.01. The company had revenue of $3.56 billion for the quarter, compared to analyst estimates of $3.55 billion. Ecolab had a net margin of 9.67% and a return on equity of 19.05%. The business’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same period last year, the business posted $1.28 earnings per share.
Shares of Ecolab (ECL) opened at $139.75 on Friday. The company has a quick ratio of 0.83, a current ratio of 1.23 and a debt-to-equity ratio of 0.89. The firm has a market cap of $40,380.00, a price-to-earnings ratio of 31.48, a price-to-earnings-growth ratio of 2.04 and a beta of 1.05. Ecolab has a twelve month low of $117.55 and a twelve month high of $139.97.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 16th. Stockholders 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 annualized dividend and a dividend yield of 1.17%. Ecolab’s dividend payout ratio is currently 33.33%.
In other news, SVP Bruno Lavandier sold 347 shares of the stock in a transaction on Friday, December 1st. The shares were sold at an average price of $134.77, for a total transaction of $46,765.19. Following the completion of the sale, the senior vice president now owns 7,615 shares of the company’s stock, valued at $1,026,273.55. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Daniel J. Schmechel sold 1,708 shares of the stock in a transaction on Thursday, December 7th. The stock was sold at an average price of $136.30, for a total transaction of $232,800.40. The disclosure for this sale can be found here. Insiders have sold 57,446 shares of company stock valued at $7,886,307 in the last three months. 1.49% of the stock is owned by insiders.
A number of institutional investors have recently added to or reduced their stakes in ECL. Mutual of America Capital Management LLC grew its position in Ecolab by 0.6% in the second quarter. Mutual of America Capital Management LLC now owns 31,834 shares of the basic materials company’s stock valued at $4,226,000 after purchasing an additional 203 shares in the last quarter. Quantitative Investment Management LLC grew its position in Ecolab by 60.1% in the second quarter. Quantitative Investment Management LLC now owns 144,100 shares of the basic materials company’s stock valued at $19,129,000 after purchasing an additional 54,100 shares in the last quarter. UBS Asset Management Americas Inc. grew its position in Ecolab by 2.3% in the second quarter. UBS Asset Management Americas Inc. now owns 2,285,128 shares of the basic materials company’s stock valued at $303,351,000 after purchasing an additional 51,316 shares in the last quarter. GSA Capital Partners LLP bought a new position in Ecolab in the second quarter valued at $356,000. Finally, D.A. Davidson & CO. grew its position in Ecolab by 0.7% in the second quarter. D.A. Davidson & CO. now owns 28,148 shares of the basic materials company’s stock valued at $3,736,000 after purchasing an additional 201 shares in the last quarter. 76.57% of the stock is owned by institutional investors and hedge funds.
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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