Ecolab Inc. (NYSE:ECL)‘s stock had its “hold” rating reissued by Jefferies Group LLC in a research report issued to clients and investors on Wednesday. They currently have a $130.00 price target on the basic materials company’s stock. Jefferies Group LLC’s target price would indicate a potential downside of 0.08% from the company’s previous close.

ECL has been the topic of several other reports. Deutsche Bank AG boosted their price objective on shares of Ecolab from $132.00 to $134.00 and gave the company a “hold” rating in a research report on Wednesday, August 2nd. Oppenheimer Holdings, Inc. reaffirmed an “outperform” rating and issued a $141.00 price objective (up from $133.00) on shares of Ecolab in a research report on Friday, June 2nd. Zacks Investment Research cut shares of Ecolab from a “buy” rating to a “hold” rating in a research report on Thursday, July 27th. Credit Suisse Group set a $128.00 price objective on shares of Ecolab and gave the company a “hold” rating in a research report on Thursday, August 3rd. Finally, Canaccord Genuity boosted their price objective on shares of Ecolab from $135.00 to $145.00 and gave the company a “buy” rating in a research report on Friday, July 28th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and eight have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $134.20.

Ecolab (ECL) traded down 0.09% during trading on Wednesday, hitting $130.11. 720,840 shares of the stock were exchanged. The firm has a market capitalization of $37.65 billion, a PE ratio of 29.75 and a beta of 0.98. The stock has a 50 day moving average price of $132.07 and a 200-day moving average price of $128.14. Ecolab has a 12-month low of $110.65 and a 12-month high of $134.89.

Ecolab (NYSE:ECL) last posted its quarterly earnings data on Tuesday, August 1st. The basic materials company reported $1.13 EPS 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 analysts’ expectations of $3.40 billion. Ecolab had a net margin of 9.66% and a return on equity of 18.93%. The firm’s revenue was up 4.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.08 EPS. On average, equities research analysts anticipate that Ecolab will post $4.80 earnings per share for the current fiscal year.

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In other news, EVP Michael A. Hickey sold 13,700 shares of the business’s stock in a transaction dated Tuesday, May 30th. The shares were sold at an average price of $131.30, for a total transaction of $1,798,810.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP Bruno Lavandier sold 1,000 shares of the business’s stock in a transaction dated Tuesday, June 6th. The stock was sold at an average price of $133.52, for a total transaction of $133,520.00. Following the transaction, the senior vice president now owns 8,922 shares in the company, valued at $1,191,265.44. The disclosure for this sale can be found here. Insiders have sold a total of 37,851 shares of company stock worth $5,012,802 over the last 90 days. 1.49% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Guardian Life Insurance Co. of America raised its position in Ecolab by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 1,012 shares of the basic materials company’s stock valued at $127,000 after buying an additional 7 shares in the last quarter. Rench Wealth Management Inc. raised its position in Ecolab by 0.3% in the first quarter. Rench Wealth Management Inc. now owns 2,995 shares of the basic materials company’s stock valued at $375,000 after buying an additional 9 shares in the last quarter. Green Square Capital LLC raised its position in Ecolab by 0.3% in the second quarter. Green Square Capital LLC now owns 2,836 shares of the basic materials company’s stock valued at $377,000 after buying an additional 9 shares in the last quarter. Ironwood Investment Management LLC raised its position in Ecolab by 0.7% in the second quarter. Ironwood Investment Management LLC now owns 2,708 shares of the basic materials company’s stock valued at $359,000 after buying an additional 19 shares in the last quarter. Finally, JNBA Financial Advisors raised its position in Ecolab by 2.5% in the first quarter. JNBA Financial Advisors now owns 871 shares of the basic materials company’s stock valued at $109,000 after buying an additional 21 shares in the last quarter. Institutional investors own 75.73% of the company’s stock.

Ecolab Company Profile

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.

Analyst Recommendations for Ecolab (NYSE:ECL)

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