Ecolab Inc. (NYSE:ECL) Director Jeffrey M. Ettinger purchased 6,400 shares of the firm’s stock in a transaction on Friday, March 9th. The stock was bought at an average cost of $134.42 per share, with a total value of $860,288.00. Following the acquisition, the director now owns 11,164 shares of the company’s stock, valued at approximately $1,500,664.88. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.
Ecolab Inc. (NYSE:ECL) traded up $0.05 during mid-day trading on Tuesday, reaching $136.83. 1,378,380 shares of the company traded hands, compared to its average volume of 1,560,000. The firm has a market capitalization of $39,530.00, a price-to-earnings ratio of 29.81, a PEG ratio of 2.01 and a beta of 1.07. 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 Inc. has a 52 week low of $122.58 and a 52 week high of $140.50.
Ecolab (NYSE:ECL) last released its quarterly earnings results on Tuesday, February 20th. The basic materials company reported $1.39 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.40 by ($0.01). The firm had revenue of $3.65 billion for the quarter, compared to analyst estimates of $3.60 billion. Ecolab had a net margin of 10.90% and a return on equity of 19.10%. The firm’s quarterly revenue was up 8.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.25 EPS. research analysts predict that Ecolab Inc. will post 5.35 EPS for the current year.
A number of research analysts have issued reports on the stock. Boenning Scattergood reaffirmed a “buy” rating on shares of Ecolab in a report on Monday, January 22nd. Royal Bank of Canada reaffirmed a “buy” rating on shares of Ecolab in a report on Friday, January 19th. Zacks Investment Research upgraded shares of Ecolab from a “hold” rating to a “buy” rating and set a $155.00 price objective on the stock in a research note on Monday, January 29th. Credit Suisse Group increased their price objective 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 increased their price objective 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. One analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $140.88.
A number of hedge funds have recently added to or reduced their stakes in ECL. Nationwide Fund Advisors grew its position in Ecolab by 1.5% during the third quarter. Nationwide Fund Advisors now owns 83,198 shares of the basic materials company’s stock valued at $10,700,000 after buying an additional 1,208 shares during the period. Raymond James Financial Services Advisors Inc. grew its position in Ecolab by 5.2% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 39,446 shares of the basic materials company’s stock valued at $5,076,000 after buying an additional 1,959 shares during the period. Victory Capital Management Inc. grew its position in Ecolab by 17.7% during the third quarter. Victory Capital Management Inc. now owns 29,778 shares of the basic materials company’s stock valued at $3,830,000 after buying an additional 4,468 shares during the period. Canada Pension Plan Investment Board grew its position in Ecolab by 38.8% during the third quarter. Canada Pension Plan Investment Board now owns 44,010 shares of the basic materials company’s stock valued at $5,660,000 after buying an additional 12,299 shares during the period. Finally, Dupont Capital Management Corp acquired a new stake in Ecolab during the third quarter valued at $337,000. Institutional investors own 78.34% of the company’s stock.
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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