Insider Selling: Ecolab Inc. (ECL) CFO Sells 1,708 Shares of Stock
Ecolab Inc. (NYSE:ECL) CFO Daniel J. Schmechel sold 1,708 shares of the business’s stock in a transaction that occurred on Thursday, December 7th. The shares were sold at an average price of $136.30, for a total value of $232,800.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Shares of Ecolab Inc. (ECL) traded down $0.96 during trading hours on Thursday, reaching $135.92. The company’s stock had a trading volume of 938,129 shares, compared to its average volume of 943,517. The company has a current ratio of 1.23, a quick ratio of 0.83 and a debt-to-equity ratio of 0.89. The stock has a market cap of $39,702.60, a PE ratio of 30.20, a P/E/G ratio of 2.29 and a beta of 1.05. Ecolab Inc. has a 12 month low of $116.92 and a 12 month high of $137.96.
Ecolab (NYSE:ECL) last released its quarterly earnings results on Tuesday, October 31st. The basic materials company reported $1.37 earnings per share for the quarter, topping analysts’ consensus estimates of $1.36 by $0.01. The business had revenue of $3.56 billion during the quarter, compared to analysts’ expectations of $3.55 billion. Ecolab had a return on equity of 19.05% and a net margin of 9.67%. The company’s revenue was up 5.2% compared to the same quarter last year. During the same period in the prior year, the business posted $1.28 EPS. analysts predict that Ecolab Inc. will post 4.7 EPS for the current year.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. TCI Wealth Advisors Inc. grew its holdings in shares of Ecolab by 4.8% during the 2nd quarter. TCI Wealth Advisors Inc. now owns 763 shares of the basic materials company’s stock worth $101,000 after purchasing an additional 35 shares during the period. Atlantic Trust LLC acquired a new position in Ecolab during the 2nd quarter worth about $106,000. IHT Wealth Management LLC lifted its stake in Ecolab by 4.9% during the 2nd quarter. IHT Wealth Management LLC now owns 811 shares of the basic materials company’s stock worth $116,000 after acquiring an additional 38 shares in the last quarter. Atwood & Palmer Inc. lifted its stake in Ecolab by 2.9% during the 2nd quarter. Atwood & Palmer Inc. now owns 892 shares of the basic materials company’s stock worth $118,000 after acquiring an additional 25 shares in the last quarter. Finally, Sphera Funds Management LTD. acquired a new position in Ecolab during the 2nd quarter worth about $133,000. Institutional investors and hedge funds own 76.98% of the company’s stock.
A number of research analysts have issued reports on the company. Robert W. Baird reissued a “hold” rating and issued a $140.00 price target on shares of Ecolab in a report on Thursday, October 12th. Jefferies Group upped their target price on Ecolab from $130.00 to $140.00 and gave the stock a “hold” rating in a research note on Wednesday, November 1st. Morgan Stanley started coverage on Ecolab in a research note on Tuesday, August 15th. They set an “equal weight” rating and a $140.00 target price for the company. Barclays upped their target price on Ecolab from $135.00 to $145.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 1st. Finally, Canaccord Genuity reissued a “buy” rating and issued a $145.00 price objective on shares of Ecolab in a research note on Monday, September 11th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and seven have assigned a buy rating to the stock. Ecolab currently has a consensus rating of “Hold” and an average price target of $136.86.
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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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