Ecolab VP Bryan L. Hughes Unloads 3,075 Shares (ECL)
Ecolab (NYSE:ECL) VP Bryan L. Hughes sold 3,075 shares of Ecolab stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $114.34, for a total transaction of $351,595.50. Following the transaction, the vice president now directly owns 3,583 shares in the company, valued at approximately $409,680. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Several analysts have recently commented on the stock. Analysts at JPMorgan Chase & Co. upgraded shares of Ecolab from a “neutral” rating to an “overweight” rating in a research note on Thursday, July 31st. They now have a $118.00 price target on the stock, up previously from $105.00. Separately, analysts at Deutsche Bank reiterated a “buy” rating on shares of Ecolab in a research note on Wednesday, July 30th. They now have a $122.00 price target on the stock, up previously from $120.00. Finally, analysts at Longbow Research reiterated a “buy” rating on shares of Ecolab in a research note on Wednesday, July 30th. They now have a $130.00 price target on the stock, up previously from $125.00. Three analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $121.08.
Ecolab (NYSE:ECL) traded up 0.25% on Tuesday, hitting $114.87. 671,711 shares of the company’s stock traded hands. Ecolab has a one year low of $90.47 and a one year high of $115.46. The stock’s 50-day moving average is $110.6 and its 200-day moving average is $108.0. The company has a market cap of $34.418 billion and a price-to-earnings ratio of 32.12.
Ecolab (NYSE:ECL) last posted its quarterly earnings results on Tuesday, July 29th. The company reported $1.03 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.02 by $0.01. The company had revenue of $3.57 billion for the quarter, compared to the consensus estimate of $3.55 billion. During the same quarter last year, the company posted $0.86 earnings per share. Ecolab’s revenue was up 6.9% compared to the same quarter last year. Analysts expect that Ecolab will post $4.19 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, October 15th. Shareholders of record on Tuesday, September 16th will be given a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a yield of 0.96%. The ex-dividend date of this dividend is Friday, September 12th.
Ecolab Inc (NYSE:ECL) develops and markets products and services for the hospitality, foodservice, healthcare and industrial markets.
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