Ecolab Inc. (NYSE:ECL) – Boenning Scattergood boosted their Q1 2020 EPS estimates for Ecolab in a report released on Tuesday, July 30th, according to Zacks Investment Research. Boenning Scattergood analyst R. Connors now anticipates that the basic materials company will post earnings per share of $1.16 for the quarter, up from their prior forecast of $1.12. Boenning Scattergood also issued estimates for Ecolab’s Q2 2020 earnings at $1.57 EPS, Q3 2020 earnings at $1.98 EPS and Q4 2020 earnings at $1.99 EPS.
A number of other brokerages also recently weighed in on ECL. Credit Suisse Group set a $181.00 price target on shares of Ecolab and gave the stock a “neutral” rating in a report on Wednesday, July 31st. Bank of America reaffirmed a “buy” rating and set a $200.00 price target (up previously from $178.00) on shares of Ecolab in a report on Wednesday, May 1st. Zacks Investment Research raised shares of Ecolab from a “sell” rating to a “hold” rating in a report on Thursday, May 2nd. Morgan Stanley upped their price target on shares of Ecolab from $140.00 to $205.00 and gave the stock an “equal weight” rating in a report on Monday, August 12th. Finally, UBS Group set a $202.00 price objective on shares of Ecolab and gave the company a “hold” rating in a research note on Wednesday, July 31st. Twelve equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $192.00.
Ecolab (NYSE:ECL) last issued its quarterly earnings results on Tuesday, July 30th. The basic materials company reported $1.42 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.41 by $0.01. Ecolab had a net margin of 10.12% and a return on equity of 19.81%. The company had revenue of $3.76 billion during the quarter, compared to the consensus estimate of $3.79 billion. During the same quarter in the prior year, the firm posted $1.27 EPS. The firm’s quarterly revenue was up 1.9% on a year-over-year basis.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Tuesday, September 17th will be given a $0.46 dividend. This represents a $1.84 annualized dividend and a yield of 0.91%. The ex-dividend date is Monday, September 16th. Ecolab’s dividend payout ratio (DPR) is currently 35.05%.
In other Ecolab news, EVP Laurie M. Marsh sold 6,300 shares of the company’s stock in a transaction that occurred on Tuesday, May 28th. The shares were sold at an average price of $182.04, for a total value of $1,146,852.00. Following the completion of the transaction, the executive vice president now directly owns 17,583 shares in the company, valued at approximately $3,200,809.32. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Larry L. Berger sold 12,600 shares of the company’s stock in a transaction that occurred on Tuesday, June 4th. The shares were sold at an average price of $188.53, for a total transaction of $2,375,478.00. Following the completion of the transaction, the executive vice president now owns 42,032 shares of the company’s stock, valued at $7,924,292.96. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 94,055 shares of company stock valued at $18,660,054. Corporate insiders own 1.52% of the company’s stock.
Several institutional investors and hedge funds have recently bought and sold shares of ECL. Certified Advisory Corp acquired a new stake in shares of Ecolab during the second quarter worth $25,000. Krane Funds Advisors LLC acquired a new stake in shares of Ecolab during the second quarter worth $25,000. Permanens Capital L.P. acquired a new stake in shares of Ecolab during the first quarter worth $26,000. Liberty Wealth Management LLC acquired a new stake in shares of Ecolab during the fourth quarter worth $27,000. Finally, Next Capital Management LLC acquired a new stake in shares of Ecolab during the second quarter worth $27,000. Institutional investors own 75.59% of the company’s stock.
Ecolab Company Profile
Ecolab Inc provides water, hygiene, and energy technologies and services worldwide. The company operates through Global Industrial, Global Institutional, Global Energy, and Other segments. The Global Industrial segment offers water treatment and process applications, and cleaning and sanitizing solutions primarily to industrial customers within the manufacturing, food and beverage processing, transportation, chemical, primary metals and mining, power generation, pulp and paper, pharmaceutical, and commercial laundry.
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