Ecolab Inc. (NYSE:ECL) Forecasted to Post FY2022 Earnings of $4.45 Per Share

Ecolab Inc. (NYSE:ECLGet Rating) – Research analysts at Seaport Res Ptn decreased their FY2022 earnings per share (EPS) estimates for shares of Ecolab in a report issued on Wednesday, January 18th. Seaport Res Ptn analyst M. Harrison now expects that the basic materials company will post earnings of $4.45 per share for the year, down from their previous estimate of $4.48. Seaport Res Ptn currently has a “Buy” rating on the stock. The consensus estimate for Ecolab’s current full-year earnings is $4.47 per share. Seaport Res Ptn also issued estimates for Ecolab’s Q4 2022 earnings at $1.23 EPS and FY2024 earnings at $6.42 EPS.

Ecolab (NYSE:ECLGet Rating) last issued its quarterly earnings results on Tuesday, November 1st. The basic materials company reported $1.30 EPS for the quarter, missing analysts’ consensus estimates of $1.33 by ($0.03). The business had revenue of $3.67 billion for the quarter, compared to analyst estimates of $3.68 billion. Ecolab had a return on equity of 18.10% and a net margin of 8.13%.

Other research analysts also recently issued reports about the company. Citigroup lifted their target price on Ecolab from $146.00 to $164.00 and gave the stock a “neutral” rating in a research note on Thursday, December 15th. Mizuho upped their price target on Ecolab from $158.00 to $163.00 and gave the stock a “neutral” rating in a research note on Thursday, January 12th. Morgan Stanley dropped their price target on Ecolab from $181.00 to $145.00 and set an “equal weight” rating on the stock in a research note on Monday, November 7th. BMO Capital Markets lowered their price objective on Ecolab from $169.00 to $143.00 and set a “market perform” rating for the company in a research note on Thursday, November 3rd. Finally, StockNews.com began coverage on Ecolab in a report on Wednesday, October 12th. They set a “hold” rating for the company. Ten equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $174.69.

Ecolab Price Performance

Ecolab stock opened at $148.60 on Thursday. Ecolab has a 12-month low of $131.04 and a 12-month high of $218.54. The business’s 50-day simple moving average is $148.75 and its 200 day simple moving average is $154.18. The company has a quick ratio of 0.87, a current ratio of 1.35 and a debt-to-equity ratio of 1.13. The stock has a market cap of $42.33 billion, a price-to-earnings ratio of 37.81, a P/E/G ratio of 2.41 and a beta of 0.98.

Institutional Investors Weigh In On Ecolab

Several institutional investors have recently bought and sold shares of ECL. Capital International Investors purchased a new position in shares of Ecolab during the first quarter worth $304,475,000. Renaissance Technologies LLC increased its holdings in Ecolab by 429.2% in the first quarter. Renaissance Technologies LLC now owns 904,997 shares of the basic materials company’s stock valued at $159,786,000 after buying an additional 734,000 shares in the last quarter. Van ECK Associates Corp increased its holdings in Ecolab by 93.4% in the second quarter. Van ECK Associates Corp now owns 1,153,861 shares of the basic materials company’s stock valued at $177,418,000 after buying an additional 557,144 shares in the last quarter. Neuberger Berman Group LLC grew its position in shares of Ecolab by 180.7% in the third quarter. Neuberger Berman Group LLC now owns 604,889 shares of the basic materials company’s stock valued at $87,361,000 after purchasing an additional 389,400 shares during the period. Finally, FMR LLC grew its position in shares of Ecolab by 34.4% in the second quarter. FMR LLC now owns 1,328,414 shares of the basic materials company’s stock valued at $204,256,000 after purchasing an additional 339,650 shares during the period. 86.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director David Maclennan bought 800 shares of Ecolab stock in a transaction dated Tuesday, November 8th. The shares were acquired at an average cost of $139.66 per share, with a total value of $111,728.00. Following the completion of the transaction, the director now owns 12,597 shares in the company, valued at approximately $1,759,297.02. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. 1.04% of the stock is currently owned by corporate insiders.

Ecolab Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 17th. Investors of record on Tuesday, December 20th were given a $0.53 dividend. This is a positive change from Ecolab’s previous quarterly dividend of $0.51. This represents a $2.12 dividend on an annualized basis and a yield of 1.43%. The ex-dividend date was Monday, December 19th. Ecolab’s dividend payout ratio is 53.94%.

About Ecolab

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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.

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Earnings History and Estimates for Ecolab (NYSE:ECL)

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