Ecolab EVP Unloads $435,239 in Stock (ECL)
Ecolab (NYSE:ECL) EVP Christophe Beck sold 3,956 shares of the company’s stock on the open market in a transaction that occurred on Tuesday, June 10th. The shares were sold at an average price of $110.02, for a total value of $435,239.12. Following the transaction, the executive vice president now directly owns 14,987 shares of the company’s stock, valued at approximately $1,648,870. The transaction was disclosed in a document filed with the SEC, which is available at this link.
ECL has been the subject of a number of recent research reports. Analysts at Oppenheimer raised their price target on shares of Ecolab from $113.00 to $129.00 in a research note on Tuesday, June 3rd. They now have an “outperform” rating on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Ecolab in a research note on Tuesday, April 29th. They now have a $110.00 price target on the stock. Finally, analysts at Citigroup Inc. raised their price target on shares of Ecolab from $104.00 to $109.00 in a research note on Wednesday, April 9th. They now have a “neutral” rating on the stock. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $117.82.
Ecolab (NYSE:ECL) traded up 0.01% on Tuesday, hitting $110.06. 862,461 shares of the company’s stock traded hands. Ecolab has a one year low of $82.58 and a one year high of $111.83. The stock’s 50-day moving average is $106.8 and its 200-day moving average is $105.4. The company has a market cap of $33.040 billion and a price-to-earnings ratio of 33.91.
Ecolab (NYSE:ECL) last issued its quarterly earnings data on Monday, April 28th. The company reported $0.74 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.74. The company had revenue of $3.34 billion for the quarter, compared to the consensus estimate of $3.32 billion. During the same quarter last year, the company posted $0.60 earnings per share. Ecolab’s revenue was up 16.2% compared to the same quarter last year. Analysts expect that Ecolab will post $4.18 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, July 15th. Investors of record on Tuesday, June 17th will be given a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a yield of 1.00%. The ex-dividend date of this dividend is Friday, June 13th.
Ecolab Inc (NYSE:ECL) develops and markets products and services for the hospitality, foodservice, healthcare and industrial markets.
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