Ecolab Inc. (NYSE:ECL) – Stock analysts at Seaport Global Securities decreased their Q3 2018 earnings estimates for shares of Ecolab in a research report issued to clients and investors on Wednesday, October 17th. Seaport Global Securities analyst M. Harrison now anticipates that the basic materials company will earn $1.52 per share for the quarter, down from their previous estimate of $1.54. Seaport Global Securities also issued estimates for Ecolab’s Q4 2018 earnings at $1.61 EPS, FY2018 earnings at $5.31 EPS, Q1 2019 earnings at $1.06 EPS, Q3 2019 earnings at $1.70 EPS, Q4 2019 earnings at $1.78 EPS and FY2019 earnings at $5.96 EPS.
ECL has been the topic of several other research reports. Zacks Investment Research raised shares of Ecolab from a “hold” rating to a “buy” rating and set a $176.00 target price on the stock in a research note on Wednesday, October 10th. Canaccord Genuity set a $160.00 target price on shares of Ecolab and gave the company a “buy” rating in a research note on Tuesday, July 24th. UBS Group raised their target price on shares of Ecolab from $165.00 to $180.00 and gave the company a “buy” rating in a research note on Tuesday, October 2nd. JPMorgan Chase & Co. lowered shares of Ecolab from a “neutral” rating to an “underweight” rating in a research note on Friday, June 22nd. Finally, Nomura raised their target price on shares of Ecolab from $136.00 to $146.00 and gave the company a “neutral” rating in a research note on Thursday, June 28th. Eight investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $151.67.
Shares of NYSE ECL opened at $148.55 on Thursday. The stock has a market capitalization of $42.91 billion, a PE ratio of 31.67, a price-to-earnings-growth ratio of 2.17 and a beta of 0.96. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.84 and a current ratio of 1.27. Ecolab has a 1 year low of $125.74 and a 1 year high of $159.92.
Ecolab (NYSE:ECL) last posted its quarterly earnings data on Tuesday, July 31st. The basic materials company reported $1.27 earnings per share for the quarter, meeting the consensus estimate of $1.27. The firm had revenue of $3.69 billion during the quarter, compared to analysts’ expectations of $3.69 billion. Ecolab had a net margin of 10.83% and a return on equity of 18.96%. The company’s quarterly revenue was up 6.6% compared to the same quarter last year. During the same quarter last year, the company posted $1.13 EPS.
Institutional investors have recently added to or reduced their stakes in the stock. Braun Bostich & Associates Inc. boosted its stake in Ecolab by 487.7% during the 2nd quarter. Braun Bostich & Associates Inc. now owns 858 shares of the basic materials company’s stock worth $120,000 after acquiring an additional 712 shares during the last quarter. Squar Milner Financial Services LLC bought a new position in Ecolab during the 2nd quarter worth approximately $126,000. Flagship Harbor Advisors LLC bought a new position in Ecolab during the 2nd quarter worth approximately $139,000. LeJeune Puetz Investment Counsel LLC bought a new position in Ecolab during the 2nd quarter worth approximately $154,000. Finally, Summit Trail Advisors LLC lifted its stake in Ecolab by 14,388.0% in the first quarter. Summit Trail Advisors LLC now owns 162,411 shares of the basic materials company’s stock valued at $162,000 after buying an additional 161,290 shares in the last quarter. 76.00% of the stock is currently owned by institutional investors and hedge funds.
In other news, Director David Maclennan acquired 500 shares of Ecolab stock in a transaction that occurred on Thursday, August 2nd. The shares were acquired at an average price of $146.40 per share, with a total value of $73,200.00. Following the purchase, the director now directly owns 2,128 shares of the company’s stock, valued at $311,539.20. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Roberto Inchaustegui sold 10,600 shares of Ecolab stock in a transaction that occurred on Thursday, August 2nd. The stock was sold at an average price of $145.71, for a total transaction of $1,544,526.00. Following the transaction, the executive vice president now directly owns 33,202 shares in the company, valued at approximately $4,837,863.42. The disclosure for this sale can be found here. Insiders have sold a total of 114,885 shares of company stock worth $17,369,786 in the last three months. 1.50% of the stock is owned by insiders.
The company also recently disclosed a quarterly dividend, which was paid on Monday, October 15th. Investors of record on Tuesday, September 18th were paid a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a yield of 1.10%. The ex-dividend date of this dividend was Monday, September 17th. Ecolab’s payout ratio is 34.97%.
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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