Investment analysts at Credit Suisse Group began coverage on shares of Ecolab (NYSE:ECL – Get Rating) in a research report issued to clients and investors on Friday, Marketbeat.com reports. The firm set a “neutral” rating and a $180.00 price target on the basic materials company’s stock. Credit Suisse Group’s price target would suggest a potential upside of 12.86% from the company’s current price.
A number of other brokerages have also recently issued reports on ECL. Morgan Stanley cut their price objective on Ecolab from $240.00 to $200.00 and set an “equal weight” rating for the company in a report on Thursday, February 17th. StockNews.com started coverage on Ecolab in a report on Thursday, March 31st. They set a “hold” rating for the company. Deutsche Bank Aktiengesellschaft cut their price objective on Ecolab from $230.00 to $210.00 in a report on Thursday, February 17th. Bank of America upgraded Ecolab from a “neutral” rating to a “buy” rating and lowered their target price for the company from $210.00 to $196.00 in a research note on Tuesday, March 22nd. Finally, Zacks Investment Research upgraded Ecolab from a “sell” rating to a “hold” rating and set a $179.00 target price for the company in a research note on Tuesday, March 22nd. Ten investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $203.07.
ECL stock traded up $1.84 during midday trading on Friday, hitting $159.49. The stock had a trading volume of 1,009,052 shares, compared to its average volume of 1,524,851. The firm has a market capitalization of $45.56 billion, a price-to-earnings ratio of 41.03, a P/E/G ratio of 2.38 and a beta of 1.05. Ecolab has a 52 week low of $154.31 and a 52 week high of $238.93. The stock has a 50-day simple moving average of $172.49 and a 200 day simple moving average of $196.84. The company has a current ratio of 1.27, a quick ratio of 0.83 and a debt-to-equity ratio of 1.16.
In related news, Director Tracy B. Mckibben bought 1,475 shares of the firm’s stock in a transaction dated Friday, April 29th. The stock was bought at an average cost of $170.00 per share, for a total transaction of $250,750.00. Following 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 document filed with the SEC, which is available through the SEC website. Also, Director David Maclennan bought 600 shares of the firm’s stock in a transaction dated Thursday, May 5th. The shares were bought at an average price of $171.01 per share, with a total value of $102,606.00. Following the completion of the transaction, the director now directly owns 11,351 shares in the company, valued at approximately $1,941,134.51. The disclosure for this purchase can be found here. 1.04% of the stock is owned by company insiders.
Several institutional investors have recently bought and sold shares of the company. Quilter Plc grew its position in shares of Ecolab by 67.5% during the 1st quarter. Quilter Plc now owns 70,189 shares of the basic materials company’s stock worth $12,392,000 after buying an additional 28,293 shares during the period. EP Wealth Advisors LLC lifted its holdings in shares of Ecolab by 21.3% during the 1st quarter. EP Wealth Advisors LLC now owns 3,061 shares of the basic materials company’s stock valued at $540,000 after purchasing an additional 537 shares in the last quarter. The Manufacturers Life Insurance Company lifted its holdings in shares of Ecolab by 4.0% during the 1st quarter. The Manufacturers Life Insurance Company now owns 200,361 shares of the basic materials company’s stock valued at $35,376,000 after purchasing an additional 7,726 shares in the last quarter. Toroso Investments LLC lifted its holdings in shares of Ecolab by 46.0% during the 1st quarter. Toroso Investments LLC now owns 29,882 shares of the basic materials company’s stock valued at $5,276,000 after purchasing an additional 9,415 shares in the last quarter. Finally, Capital International Investors bought a new position in shares of Ecolab during the 1st quarter valued at about $304,475,000. Institutional investors own 75.04% of the company’s stock.
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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