A number of other research analysts also recently issued reports on the stock. Argus restated a buy rating and set a $150.00 target price on shares of Ecolab in a research report on Thursday, February 22nd. Citigroup upped their target price on shares of Ecolab from $140.00 to $144.00 and gave the company a neutral rating in a research report on Thursday, February 22nd. Zacks Investment Research upgraded shares of Ecolab from a hold rating to a buy rating and set a $155.00 target price on the stock in a research report on Monday, January 29th. Credit Suisse Group upped their target price on shares of Ecolab from $129.00 to $137.00 and gave the company a neutral rating in a research report on Wednesday, January 24th. Finally, Stifel Nicolaus upped their target price on shares of Ecolab from $140.00 to $153.00 and gave the company a hold rating in a research report on Wednesday, January 24th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have issued a buy rating to the company. The stock has a consensus rating of Hold and an average price target of $140.88.
Ecolab (ECL) opened at $136.78 on Monday. The company has a current ratio of 1.34, a quick ratio of 0.92 and a debt-to-equity ratio of 0.88. Ecolab has a 52-week low of $122.58 and a 52-week high of $140.50. The stock has a market cap of $38,969.89, a PE ratio of 26.61, a price-to-earnings-growth ratio of 2.01 and a beta of 1.07.
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 given a $0.41 dividend. The ex-dividend date of this dividend is Monday, March 19th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 1.20%. Ecolab’s dividend payout ratio is 31.91%.
In other Ecolab news, major shareholder William H. Gates III bought 442,519 shares of the stock in a transaction that occurred on Friday, March 9th. The stock was acquired at an average cost of $134.60 per share, with a total value of $59,563,057.40. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, major shareholder William H. Gates III bought 694,343 shares of the stock in a transaction that occurred on Wednesday, March 7th. The shares were acquired at an average cost of $132.10 per share, with a total value of $91,722,710.30. The disclosure for this purchase can be found here. Company insiders own 1.49% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Bank of Nova Scotia Trust Co. bought a new stake in Ecolab during the 3rd quarter worth approximately $257,000. Vident Investment Advisory LLC bought a new stake in Ecolab during the 3rd quarter worth approximately $412,000. TT International increased its stake in Ecolab by 52.2% during the 3rd quarter. TT International now owns 73,369 shares of the basic materials company’s stock worth $9,435,000 after purchasing an additional 25,169 shares in the last quarter. Pensionfund DSM Netherlands bought a new stake in Ecolab during the 4th quarter worth approximately $3,489,000. Finally, BlackRock Inc. increased its stake in Ecolab by 1.5% during the 4th quarter. BlackRock Inc. now owns 15,713,077 shares of the basic materials company’s stock worth $2,108,380,000 after purchasing an additional 226,031 shares in the last quarter. 78.34% of the stock is owned by institutional investors and hedge funds.
ILLEGAL ACTIVITY NOTICE: This piece of content was first reported by Sports Perspectives and is owned by of Sports Perspectives. If you are reading this piece of content on another publication, it was copied illegally and reposted in violation of U.S. and international trademark & copyright laws. The correct version of this piece of content can be accessed at https://sportsperspectives.com/2018/03/13/ecolab-ecl-given-a-145-00-price-target-at-canaccord-genuity.html.
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.