Ecolab (NYSE:ECL) PT Lowered to $178.00 at Mizuho

Ecolab (NYSE:ECLGet Rating) had its price target reduced by analysts at Mizuho from $183.00 to $178.00 in a report released on Wednesday, The Fly reports. The brokerage presently has a “maintains” rating on the basic materials company’s stock. Mizuho’s price target indicates a potential upside of 9.22% from the company’s previous close.

Several other equities analysts also recently commented on ECL. Argus lowered their price objective on shares of Ecolab from $230.00 to $200.00 and set a “buy” rating for the company in a research note on Tuesday, May 31st. Royal Bank of Canada decreased their price target on shares of Ecolab from $225.00 to $190.00 in a research note on Thursday, July 14th. StockNews.com started coverage on shares of Ecolab in a research note on Thursday, March 31st. They issued a “hold” rating for the company. Atlantic Securities started coverage on shares of Ecolab in a research note on Tuesday, April 5th. They issued an “overweight” rating and a $210.00 price target for the company. Finally, Wells Fargo & Company started coverage on shares of Ecolab in a research note on Tuesday, July 12th. They issued an “overweight” rating and a $187.00 price target for the company. Eight equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, Ecolab has a consensus rating of “Moderate Buy” and a consensus target price of $191.12.

Ecolab Stock Performance

Shares of NYSE:ECL opened at $162.97 on Wednesday. The company has a market cap of $46.55 billion, a price-to-earnings ratio of 42.44, a price-to-earnings-growth ratio of 2.49 and a beta of 1.03. The company has a 50-day moving average price of $158.45 and a 200-day moving average price of $171.99. The company has a current ratio of 1.29, a quick ratio of 0.83 and a debt-to-equity ratio of 1.15. Ecolab has a 12 month low of $143.82 and a 12 month high of $238.93.

Ecolab (NYSE:ECLGet Rating) last issued its quarterly earnings data on Tuesday, July 26th. The basic materials company reported $1.10 EPS for the quarter, beating the consensus estimate of $1.07 by $0.03. The firm had revenue of $3.58 billion during the quarter, compared to the consensus estimate of $3.48 billion. Ecolab had a net margin of 8.17% and a return on equity of 18.56%. The company’s quarterly revenue was up 13.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.22 earnings per share. As a group, equities analysts anticipate that Ecolab will post 5.02 EPS for the current year.

Insider Activity

In other news, EVP Michael C. Mccormick sold 3,000 shares of the stock in a transaction that occurred on Wednesday, June 8th. The shares were sold at an average price of $167.72, for a total transaction of $503,160.00. Following the sale, the executive vice president now owns 50,060 shares in the company, valued at $8,396,063.20. The transaction was disclosed in a filing with the SEC, which is available at this link. In related news, Director David Maclennan bought 600 shares of the company’s stock in a transaction that occurred on Thursday, May 5th. The shares were bought at an average price of $171.01 per share, for a total transaction of $102,606.00. Following the completion of the acquisition, the director now owns 11,351 shares of the company’s stock, valued at approximately $1,941,134.51. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Michael C. Mccormick sold 3,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 8th. The stock was sold at an average price of $167.72, for a total transaction of $503,160.00. Following the completion of the sale, the executive vice president now owns 50,060 shares in the company, valued at approximately $8,396,063.20. The disclosure for this sale can be found here. Corporate insiders own 1.04% of the company’s stock.

Institutional Investors Weigh In On Ecolab

Several institutional investors and hedge funds have recently added to or reduced their stakes in ECL. Rational Advisors LLC boosted its holdings in Ecolab by 133.3% in the fourth quarter. Rational Advisors LLC now owns 105 shares of the basic materials company’s stock worth $25,000 after purchasing an additional 60 shares during the last quarter. US Asset Management LLC purchased a new stake in Ecolab in the first quarter worth approximately $25,000. EverSource Wealth Advisors LLC purchased a new stake in Ecolab in the fourth quarter worth approximately $26,000. Retirement Planning Co of New England Inc. bought a new position in Ecolab in the fourth quarter worth approximately $28,000. Finally, Equitec Proprietary Markets LLC bought a new position in Ecolab in the fourth quarter worth approximately $30,000. Hedge funds and other institutional investors own 75.04% of the company’s stock.

Ecolab Company Profile

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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.

Further Reading

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