Ecolab Inc. (NYSE:ECL) Rating Reiterated by UBS AG
Ecolab Inc. (NYSE:ECL)‘s stock had its “buy” rating reissued by analysts at UBS AG in a research note issued on Tuesday, www.flashratings.com reports. They presently have a $147.00 target price on the basic materials company’s stock, up from their prior target price of $144.00. UBS AG’s target price suggests a potential upside of 12.01% from the stock’s previous close.
Several other analysts have also weighed in on the company. Credit Suisse Group set a $128.00 price objective on Ecolab and gave the company a “hold” rating in a research note on Thursday, August 3rd. Stifel Nicolaus reissued a “hold” rating and set a $130.00 price target on shares of Ecolab in a research note on Thursday, August 3rd. Deutsche Bank AG lifted their price target on Ecolab from $132.00 to $134.00 and gave the company a “hold” rating in a research note on Wednesday, August 2nd. Canaccord Genuity lifted their price target on Ecolab from $135.00 to $145.00 and gave the company a “buy” rating in a research note on Friday, July 28th. Finally, Zacks Investment Research lowered Ecolab from a “buy” rating to a “hold” rating in a research note on Thursday, July 27th. Eight analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $133.43.
Ecolab (NYSE:ECL) traded down 0.54% on Tuesday, hitting $131.24. The company had a trading volume of 636,925 shares. Ecolab has a 12-month low of $110.65 and a 12-month high of $134.89. The firm has a market capitalization of $38.03 billion, a PE ratio of 30.00 and a beta of 0.98. The firm has a 50-day moving average price of $132.51 and a 200-day moving average price of $127.37.
Ecolab (NYSE:ECL) last released its quarterly earnings data on Tuesday, August 1st. The basic materials company reported $1.13 earnings per share for the quarter, beating the consensus estimate of $1.12 by $0.01. The business had revenue of $3.46 billion for the quarter, compared to analyst estimates of $3.40 billion. Ecolab had a return on equity of 18.93% and a net margin of 9.66%. Ecolab’s revenue was up 4.4% compared to the same quarter last year. During the same period last year, the firm posted $1.08 earnings per share. On average, equities research analysts anticipate that Ecolab will post $4.80 earnings per share for the current fiscal year.
In other news, EVP Michael A. Hickey sold 13,700 shares of the firm’s stock in a transaction dated Tuesday, May 30th. The stock was sold at an average price of $131.30, for a total transaction of $1,798,810.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder William H. Gates III acquired 75,500 shares of the stock in a transaction dated Thursday, August 3rd. The shares were bought at an average price of $132.57 per share, with a total value of $10,009,035.00. The disclosure for this purchase can be found here. Insiders have sold 44,810 shares of company stock valued at $5,897,361 over the last 90 days. 1.49% of the stock is owned by corporate insiders.
Institutional investors have recently modified their holdings of the company. Vanguard Group Inc. increased its position in shares of Ecolab by 5.4% in the first quarter. Vanguard Group Inc. now owns 20,454,223 shares of the basic materials company’s stock worth $2,563,731,000 after buying an additional 1,044,370 shares during the period. BlackRock Inc. increased its position in shares of Ecolab by 2,154.8% in the first quarter. BlackRock Inc. now owns 15,032,404 shares of the basic materials company’s stock worth $1,884,161,000 after buying an additional 14,365,723 shares during the period. State Street Corp increased its position in shares of Ecolab by 0.3% in the first quarter. State Street Corp now owns 11,935,943 shares of the basic materials company’s stock worth $1,496,059,000 after buying an additional 31,277 shares during the period. Clearbridge Investments LLC increased its position in shares of Ecolab by 6.8% in the first quarter. Clearbridge Investments LLC now owns 5,012,431 shares of the basic materials company’s stock worth $628,258,000 after buying an additional 320,253 shares during the period. Finally, C WorldWide Group Holding A S increased its position in shares of Ecolab by 8.3% in the second quarter. C WorldWide Group Holding A S now owns 3,704,233 shares of the basic materials company’s stock worth $491,737,000 after buying an additional 285,258 shares during the period. Institutional investors own 75.66% of the company’s stock.
Ecolab Inc provides water, hygiene and energy technologies and services. The Company’s cleaning and sanitizing programs and products, pest elimination services and equipment maintenance and repair services support customers in the foodservice, food and beverage processing, hospitality, healthcare, government and education, retail, textile care and commercial facilities management sectors in over 170 countries.
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