Ecolab Inc. (NYSE:ECL) Director Tracy B. Mckibben Purchases 1,475 Shares

Ecolab Inc. (NYSE:ECLGet Rating) Director Tracy B. Mckibben purchased 1,475 shares of the stock in a transaction that occurred on Friday, April 29th. The stock was bought at an average price of $170.00 per share, with a total value of $250,750.00. Following the completion of the transaction, the director now owns 6,746 shares of the company’s stock, valued at $1,146,820. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

ECL stock opened at $166.38 on Wednesday. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.27 and a quick ratio of 0.83. The business has a 50-day moving average price of $173.86 and a 200 day moving average price of $201.66. The company has a market capitalization of $47.63 billion, a P/E ratio of 43.33, a PEG ratio of 2.58 and a beta of 1.05. Ecolab Inc. has a 1-year low of $154.85 and a 1-year high of $238.93.

Ecolab (NYSE:ECLGet Rating) last released its quarterly earnings data on Tuesday, April 26th. The basic materials company reported $0.82 earnings per share for the quarter, missing the consensus estimate of $0.83 by ($0.01). The firm had revenue of $3.27 billion during the quarter, compared to the consensus estimate of $3.19 billion. Ecolab had a net margin of 8.45% and a return on equity of 19.35%. The business’s revenue was up 13.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.81 earnings per share. On average, analysts anticipate that Ecolab Inc. will post 5.18 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, April 15th. Shareholders of record on Tuesday, March 15th were paid a $0.51 dividend. The ex-dividend date of this dividend was Monday, March 14th. This represents a $2.04 annualized dividend and a yield of 1.23%. Ecolab’s dividend payout ratio (DPR) is presently 53.13%.

A number of institutional investors and hedge funds have recently bought and sold shares of ECL. Ahrens Investment Partners LLC purchased a new position in Ecolab in the fourth quarter valued at about $25,000. Rational Advisors LLC grew its stake in Ecolab by 133.3% in the fourth quarter. Rational Advisors LLC now owns 105 shares of the basic materials company’s stock valued at $25,000 after purchasing an additional 60 shares during the last quarter. US Asset Management LLC purchased a new position in Ecolab in the first quarter valued at about $25,000. EverSource Wealth Advisors LLC purchased a new position in Ecolab in the fourth quarter valued at about $26,000. Finally, Migdal Insurance & Financial Holdings Ltd. purchased a new position in Ecolab in the third quarter valued at about $28,000. Institutional investors own 75.04% of the company’s stock.

A number of analysts recently issued reports on the company. Citigroup lowered their price target on Ecolab from $220.00 to $205.00 and set a “neutral” rating for the company in a research report on Wednesday, February 16th. Robert W. Baird lowered their price target on Ecolab from $225.00 to $198.00 in a research report on Friday, January 21st. Barclays decreased their target price on Ecolab from $215.00 to $185.00 and set an “overweight” rating for the company in a research report on Friday, March 11th. StockNews.com started coverage on Ecolab in a research report on Thursday, March 31st. They set a “hold” rating for the company. Finally, Credit Suisse Group decreased their target price on Ecolab from $255.00 to $215.00 and set a “neutral” rating for the company in a research report on Wednesday, February 16th. Ten analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $205.40.

Ecolab Company Profile (Get Rating)

Ecolab Inc provides water, hygiene, and infection prevention solutions and services in the United States and internationally. The company operates through Global Industrial, Global Institutional & Specialty, and Global Healthcare & Life Sciences segments. The Global Industrial segment offers water treatment and process applications, and cleaning and sanitizing solutions to manufacturing, food and beverage processing, transportation, chemical, metals and mining, power generation, pulp and paper, commercial laundry, petroleum, refining, and petrochemical industries.

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