Ecolab (NYSE:ECL) Raised to Buy at Stifel Nicolaus

Ecolab (NYSE:ECLGet Free Report) was upgraded by investment analysts at Stifel Nicolaus from a “hold” rating to a “buy” rating in a note issued to investors on Monday, MarketBeat reports. The firm currently has a $283.00 price target on the basic materials company’s stock, up from their previous price target of $233.00. Stifel Nicolaus’ price objective suggests a potential upside of 18.81% from the stock’s previous close.

Several other analysts also recently issued reports on ECL. Royal Bank of Canada restated an “outperform” rating and issued a $260.00 price objective on shares of Ecolab in a research report on Thursday, June 20th. Raymond James increased their target price on Ecolab from $230.00 to $250.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 3rd. UBS Group increased their target price on Ecolab from $269.00 to $270.00 and gave the stock a “buy” rating in a research report on Tuesday, May 21st. BMO Capital Markets increased their target price on Ecolab from $227.00 to $234.00 and gave the stock a “market perform” rating in a research report on Wednesday, May 1st. Finally, Piper Sandler initiated coverage on Ecolab in a research report on Wednesday, April 3rd. They set an “overweight” rating and a $260.00 target price on the stock. Nine investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $242.69.

Get Our Latest Report on Ecolab

Ecolab Trading Up 1.0 %

Shares of ECL stock opened at $238.19 on Monday. The business’s fifty day moving average price is $235.32 and its 200 day moving average price is $221.00. Ecolab has a 1-year low of $156.72 and a 1-year high of $245.93. The firm has a market capitalization of $68.02 billion, a PE ratio of 44.11, a P/E/G ratio of 2.52 and a beta of 1.11. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.41 and a quick ratio of 0.99.

Ecolab (NYSE:ECLGet Free Report) last posted its earnings results on Tuesday, April 30th. The basic materials company reported $1.34 EPS for the quarter, topping analysts’ consensus estimates of $1.33 by $0.01. Ecolab had a return on equity of 20.56% and a net margin of 10.01%. The company had revenue of $3.75 billion for the quarter, compared to the consensus estimate of $3.74 billion. During the same period in the previous year, the business earned $0.88 earnings per share. Ecolab’s quarterly revenue was up 5.0% compared to the same quarter last year. As a group, sell-side analysts forecast that Ecolab will post 6.59 EPS for the current fiscal year.

Insider Activity at Ecolab

In other Ecolab news, Director David Maclennan purchased 650 shares of Ecolab stock in a transaction that occurred on Friday, May 3rd. The stock was purchased at an average price of $227.37 per share, with a total value of $147,790.50. Following the completion of the acquisition, the director now owns 17,111 shares of the company’s stock, valued at approximately $3,890,528.07. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Ecolab news, Director David Maclennan purchased 650 shares of Ecolab stock in a transaction that occurred on Friday, May 3rd. The stock was purchased at an average price of $227.37 per share, with a total value of $147,790.50. Following the completion of the acquisition, the director now owns 17,111 shares of the company’s stock, valued at approximately $3,890,528.07. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Arthur J. Higgins sold 4,500 shares of the stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $227.52, for a total value of $1,023,840.00. Following the transaction, the director now directly owns 25,548 shares in the company, valued at approximately $5,812,680.96. The disclosure for this sale can be found here. 0.50% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of ECL. AQR Capital Management LLC lifted its holdings in shares of Ecolab by 160.7% in the 3rd quarter. AQR Capital Management LLC now owns 37,819 shares of the basic materials company’s stock worth $6,407,000 after purchasing an additional 23,310 shares during the last quarter. Advisors Asset Management Inc. lifted its holdings in shares of Ecolab by 5.5% in the 3rd quarter. Advisors Asset Management Inc. now owns 2,724 shares of the basic materials company’s stock worth $461,000 after purchasing an additional 141 shares during the last quarter. Townsquare Capital LLC lifted its holdings in shares of Ecolab by 5.9% in the 3rd quarter. Townsquare Capital LLC now owns 11,247 shares of the basic materials company’s stock worth $1,905,000 after purchasing an additional 622 shares during the last quarter. Kampmann Melissa S. bought a new stake in shares of Ecolab in the 3rd quarter worth approximately $2,822,000. Finally, Brown Shipley& Co Ltd increased its position in Ecolab by 14.0% in the 3rd quarter. Brown Shipley& Co Ltd now owns 1,776 shares of the basic materials company’s stock valued at $301,000 after acquiring an additional 218 shares during the period. Institutional investors own 74.91% of the company’s stock.

About Ecolab

(Get Free Report)

Ecolab Inc provides water, hygiene, and infection prevention solutions and services in the United States and internationally. The company operates through three segments: Global Industrial; Global Institutional & Specialty; and Global Healthcare & Life Sciences. 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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