Ecolab Inc. (NYSE:ECL) announced a quarterly dividend on Thursday, December 7th, RTT News reports. Stockholders of record on Tuesday, December 19th will be paid a dividend of 0.41 per share by the basic materials company on Tuesday, January 16th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 1.20%. This is a positive change from Ecolab’s previous quarterly dividend of $0.37.

Ecolab has increased its dividend by an average of 26.6% per year over the last three years and has raised its dividend every year for the last 31 years. Ecolab has a payout ratio of 31.5% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Ecolab to earn $5.31 per share next year, which means the company should continue to be able to cover its $1.48 annual dividend with an expected future payout ratio of 27.9%.

Shares of Ecolab (ECL) traded down $0.54 on Thursday, hitting $136.88. The stock had a trading volume of 1,018,100 shares, compared to its average volume of 943,540. Ecolab has a 1 year low of $116.64 and a 1 year high of $137.96. The company has a quick ratio of 0.83, a current ratio of 1.23 and a debt-to-equity ratio of 0.89. The stock has a market capitalization of $39,702.60, a P/E ratio of 30.20, a price-to-earnings-growth ratio of 2.29 and a beta of 1.05.

Ecolab (NYSE:ECL) last issued its quarterly earnings results on Tuesday, October 31st. The basic materials company reported $1.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.36 by $0.01. The company had revenue of $3.56 billion for the quarter, compared to the consensus estimate of $3.55 billion. Ecolab had a return on equity of 19.05% and a net margin of 9.67%. Ecolab’s revenue for the quarter was up 5.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.28 earnings per share. equities research analysts expect that Ecolab will post 4.7 EPS for the current fiscal year.

In other Ecolab news, Director David Maclennan bought 450 shares of the business’s stock in a transaction on Monday, November 6th. The stock was bought at an average price of $131.77 per share, with a total value of $59,296.50. Following the completion of the purchase, the director now directly owns 1,514 shares in the company, valued at $199,499.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Thomas W. Handley sold 7,397 shares of the firm’s stock in a transaction on Thursday, September 14th. The stock was sold at an average price of $130.63, for a total value of $966,270.11. The disclosure for this sale can be found here. In the last ninety days, insiders sold 42,585 shares of company stock valued at $5,795,617. Insiders own 1.49% of the company’s stock.

ECL has been the topic of a number of recent analyst reports. BidaskClub downgraded Ecolab from a “sell” rating to a “strong sell” rating in a research report on Monday, August 14th. Morgan Stanley started coverage on Ecolab in a research report on Tuesday, August 15th. They set an “equal weight” rating and a $140.00 price target on the stock. Jefferies Group reissued a “hold” rating and set a $130.00 target price on shares of Ecolab in a report on Wednesday, August 16th. Credit Suisse Group reissued a “hold” rating on shares of Ecolab in a report on Wednesday, September 6th. Finally, Canaccord Genuity reissued a “buy” rating and set a $145.00 target price on shares of Ecolab in a report on Monday, September 11th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and seven have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $136.86.

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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.

Dividend History for Ecolab (NYSE:ECL)

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