Ecolab Inc. (NYSE:ECL – Get Rating) Director David Maclennan bought 600 shares of the stock in a transaction on Thursday, May 5th. The shares were acquired at an average cost of $171.01 per share, for a total transaction of $102,606.00. Following the purchase, the director now owns 11,351 shares in the company, valued at $1,941,134.51. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.
Shares of ECL opened at $165.20 on Friday. The firm has a market cap of $47.30 billion, a P/E ratio of 43.02, a price-to-earnings-growth ratio of 2.64 and a beta of 1.05. Ecolab Inc. has a 12-month low of $154.85 and a 12-month high of $238.93. The company’s 50-day moving average price is $173.33 and its 200 day moving average price is $200.73. The company has a current ratio of 1.27, a quick ratio of 0.83 and a debt-to-equity ratio of 1.16.
Ecolab (NYSE:ECL – Get Rating) last released its earnings results 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 analyst estimates 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 period in the prior year, the firm earned $0.81 earnings per share. Equities research analysts forecast that Ecolab Inc. will post 5.2 earnings per share for the current year.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Arlington Partners LLC grew its position in shares of Ecolab by 13.0% during the fourth quarter. Arlington Partners LLC now owns 469 shares of the basic materials company’s stock worth $110,000 after buying an additional 54 shares in the last quarter. Eagle Bay Advisors LLC grew its position in shares of Ecolab by 28.3% during the fourth quarter. Eagle Bay Advisors LLC now owns 245 shares of the basic materials company’s stock worth $58,000 after buying an additional 54 shares in the last quarter. Capital Advisors Ltd. LLC grew its position in shares of Ecolab by 10.5% during the fourth quarter. Capital Advisors Ltd. LLC now owns 580 shares of the basic materials company’s stock worth $136,000 after buying an additional 55 shares in the last quarter. Private Trust Co. NA grew its position in shares of Ecolab by 2.9% during the first quarter. Private Trust Co. NA now owns 2,047 shares of the basic materials company’s stock worth $361,000 after buying an additional 57 shares in the last quarter. Finally, Chicago Capital LLC grew its position in shares of Ecolab by 0.7% during the fourth quarter. Chicago Capital LLC now owns 8,990 shares of the basic materials company’s stock worth $2,109,000 after buying an additional 59 shares in the last quarter. 75.04% of the stock is owned by institutional investors.
ECL has been the topic of several recent research reports. Mizuho lowered their target price on shares of Ecolab from $210.00 to $198.00 in a research note on Wednesday, April 27th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Ecolab from $230.00 to $210.00 in a research note on Thursday, February 17th. Barclays lowered their target price on shares of Ecolab from $215.00 to $185.00 and set an “overweight” rating on the stock in a research note on Friday, March 11th. Edward Jones upgraded Ecolab from a “hold” rating to a “buy” rating in a report on Thursday, March 17th. Finally, Zacks Investment Research upgraded Ecolab from a “sell” rating to a “hold” rating and set a $179.00 price target on the stock in a report on Tuesday, March 22nd. Ten research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, Ecolab presently has an average rating of “Hold” and an average target price of $205.40.
About Ecolab (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.
- Get a free copy of the StockNews.com research report on Ecolab (ECL)
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