Ecolab (NYSE:ECL) Updates Q2 Earnings Guidance

Ecolab (NYSE:ECLGet Rating) updated its second quarter earnings guidance on Tuesday. The company provided earnings per share guidance of close to $1.10 for the period, compared to the consensus earnings per share estimate of $1.20.

Several analysts recently weighed in on the company. UBS Group upgraded Ecolab from a neutral rating to a buy rating and upped their price objective for the stock from $186.00 to $205.00 in a research report on Thursday, June 2nd. assumed coverage on Ecolab in a research report on Thursday, March 31st. They set a hold rating for the company. Deutsche Bank Aktiengesellschaft dropped their price objective on Ecolab from $230.00 to $210.00 in a research report on Thursday, February 17th. Morgan Stanley dropped their target price on Ecolab from $240.00 to $200.00 and set an equal weight rating for the company in a research report on Thursday, February 17th. Finally, Atlantic Securities initiated coverage on Ecolab in a research report on Tuesday, April 5th. They issued an overweight rating and a $210.00 target price for the company. Nine analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, Ecolab presently has a consensus rating of Buy and a consensus price target of $200.65.

NYSE ECL traded down $1.59 during trading hours on Tuesday, hitting $168.23. 4,643 shares of the company’s stock were exchanged, compared to its average volume of 1,064,623. The stock has a 50-day simple moving average of $170.54 and a 200 day simple moving average of $190.66. The firm has a market cap of $48.05 billion, a price-to-earnings ratio of 44.22, a PEG ratio of 2.59 and a beta of 1.05. 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 has a 1-year low of $154.31 and a 1-year high of $238.93.

Ecolab (NYSE:ECLGet Rating) last posted its earnings results on Tuesday, April 26th. The basic materials company reported $0.82 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.82. The company had revenue of $3.27 billion for the quarter, compared to analyst estimates of $3.19 billion. Ecolab had a return on equity of 19.35% and a net margin of 8.45%. The company’s revenue for the quarter was up 13.2% on a year-over-year basis. During the same quarter last year, the company earned $0.81 earnings per share. On average, sell-side analysts anticipate that Ecolab will post 5.19 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, July 15th. Stockholders of record on Tuesday, June 21st will be given a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 1.21%. The ex-dividend date is Friday, June 17th. Ecolab’s dividend payout ratio (DPR) is presently 53.13%.

In other news, Director Tracy B. Mckibben bought 1,475 shares of Ecolab stock in a transaction on Friday, April 29th. The shares were purchased at an average price of $170.00 per share, for a total transaction of $250,750.00. Following the acquisition, the director now owns 6,746 shares of the company’s stock, valued at $1,146,820. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director David Maclennan purchased 600 shares of the business’s stock in a transaction that occurred on Thursday, May 5th. The stock was bought at an average price of $171.01 per share, for a total transaction of $102,606.00. Following the purchase, the director now directly owns 11,351 shares in the company, valued at $1,941,134.51. The disclosure for this purchase can be found here. Insiders own 1.04% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Eagle Capital Management LLC lifted its holdings in shares of Ecolab by 1.3% during the 2nd quarter. Eagle Capital Management LLC now owns 23,536 shares of the basic materials company’s stock valued at $4,848,000 after buying an additional 292 shares during the period. Bridgewater Associates LP bought a new position in Ecolab in the 1st quarter worth $300,000. Crestwood Advisors Group LLC raised its holdings in Ecolab by 11.9% in the 4th quarter. Crestwood Advisors Group LLC now owns 1,243 shares of the basic materials company’s stock worth $292,000 after purchasing an additional 132 shares during the period. KB Financial Partners LLC increased its stake in Ecolab by 21.9% in the 1st quarter. KB Financial Partners LLC now owns 1,639 shares of the basic materials company’s stock worth $289,000 after buying an additional 294 shares in the last quarter. Finally, Heritage Wealth Advisors increased its stake in Ecolab by 38.2% in the 4th quarter. Heritage Wealth Advisors now owns 1,086 shares of the basic materials company’s stock worth $255,000 after buying an additional 300 shares in the last quarter. 75.04% of the stock is currently owned by hedge funds and other institutional investors.

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.

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Earnings History and Estimates for Ecolab (NYSE:ECL)

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