Ecolab Inc. Hits New 52-Week High at $95.42 (ECL)
Shares of Ecolab (NYSE:ECL) hit a new 52-week high during trading hours on Tuesday, StockRatingsNetwork reports. The company traded as high as $95.42 and last traded at $95.19, with a volume of 643,707 shares trading hands. The stock had previously closed at $93.79.
Several analysts have recently commented on the stock. Analysts at Barclays Capital raised their price target on shares of Ecolab (NYSE:ECL) from $95.00 to $105.00 in a research note to investors on Friday, August 16th. They now have an “overweight” rating on the stock. Separately, analysts at Credit Suisse raised their price target on shares of Ecolab (NYSE:ECL) from $86.00 to $100.00 in a research note to investors on Friday, August 2nd. They now have an “outperform” rating on the stock. Finally, analysts at Stifel Nicolaus raised their price target on shares of Ecolab (NYSE:ECL) from $94.00 to $103.00 in a research note to investors on Thursday, August 1st. They now have a “buy” rating on the stock.
Four equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $97.08.
In other Ecolab news, Director Jerry Levin sold 1,075 shares of Ecolab stock on the open market in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $92.63, for a total transaction of $99,577.25. Following the completion of the transaction, the director now directly owns 28,577 shares in the company. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
Ecolab has a 1-year low of $63.13 and a 1-year high of $95.19. The stock’s 50-day moving average is $92.62 and its 200-day moving average is $85.84. The company has a market cap of $28.748 billion and a price-to-earnings ratio of 33.66.
Ecolab (NYSE:ECL) last released its earnings data on Tuesday, July 30th. The company reported $0.86 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.84 by $0.02. The company had revenue of $3.34 billion for the quarter, compared to the consensus estimate of $3.39 billion. During the same quarter in the prior year, the company posted $0.72 earnings per share. The company’s quarterly revenue was up 12.8% on a year-over-year basis. On average, analysts predict that Ecolab will post $3.54 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, October 15th. Stockholders of record on Tuesday, September 17th will be paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 0.96%. The ex-dividend date is Friday, September 13th.
Ecolab Inc (NYSE:ECL) develops and markets products and services for the hospitality, foodservice, healthcare and industrial markets.
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