Ecolab (ECL) Earns “Buy” Rating from Royal Bank of Canada

Ecolab (NYSE:ECL)‘s stock had its “buy” rating reiterated by research analysts at Royal Bank of Canada in a report issued on Friday.

A number of other research analysts also recently issued reports on ECL. Zacks Investment Research downgraded shares of Ecolab from a “hold” rating to a “sell” rating in a research report on Tuesday, October 3rd. Citigroup downgraded shares of Ecolab from a “buy” rating to a “neutral” rating in a research report on Friday, January 5th. UBS Group boosted their price target on shares of Ecolab from $147.00 to $148.00 and gave the stock a “buy” rating in a research report on Wednesday, November 1st. Stifel Nicolaus restated a “hold” rating and issued a $140.00 price target on shares of Ecolab in a research report on Wednesday, November 1st. Finally, Robert W. Baird restated a “hold” rating and issued a $140.00 price target on shares of Ecolab in a research report on Thursday, October 12th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and seven have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $137.21.

Shares of Ecolab (NYSE ECL) traded up $0.92 during midday trading on Friday, hitting $138.35. 911,500 shares of the stock were exchanged, compared to its average volume of 1,029,408. The firm has a market cap of $39,970.00, a P/E ratio of 31.16, a P/E/G ratio of 2.03 and a beta of 1.05. Ecolab has a 1 year low of $117.55 and a 1 year high of $139.07. The company has a quick ratio of 0.83, a current ratio of 1.23 and a debt-to-equity ratio of 0.89.

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 the Zacks’ consensus estimate of $1.36 by $0.01. The firm had revenue of $3.56 billion for the quarter, compared to the consensus estimate of $3.55 billion. Ecolab had a net margin of 9.67% and a return on equity of 19.05%. The company’s revenue for the quarter was up 5.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.28 EPS. sell-side analysts expect that Ecolab will post 4.7 earnings per share for the current year.

In related news, EVP Michael A. Hickey sold 19,300 shares of the business’s stock in a transaction on Tuesday, December 5th. The shares were sold at an average price of $137.54, for a total transaction of $2,654,522.00. Following the transaction, the executive vice president now owns 43,262 shares in the company, valued at approximately $5,950,255.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Thomas W. Handley sold 11,644 shares of the business’s stock in a transaction on Tuesday, December 5th. The shares were sold at an average price of $137.50, for a total transaction of $1,601,050.00. Following the transaction, the insider now owns 109,542 shares in the company, valued at approximately $15,062,025. The disclosure for this sale can be found here. Insiders have sold a total of 57,446 shares of company stock worth $7,886,307 in the last quarter. 1.49% of the stock is owned by corporate insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. TCI Wealth Advisors Inc. grew its position in Ecolab by 4.8% during the second quarter. TCI Wealth Advisors Inc. now owns 763 shares of the basic materials company’s stock valued at $101,000 after buying an additional 35 shares during the period. FUKOKU MUTUAL LIFE INSURANCE Co grew its position in Ecolab by 60.0% during the first quarter. FUKOKU MUTUAL LIFE INSURANCE Co now owns 800 shares of the basic materials company’s stock valued at $100,000 after buying an additional 300 shares during the period. Atlantic Trust LLC bought a new position in Ecolab during the second quarter valued at about $106,000. IHT Wealth Management LLC grew its position in Ecolab by 4.9% during the second quarter. IHT Wealth Management LLC now owns 811 shares of the basic materials company’s stock valued at $116,000 after buying an additional 38 shares during the period. Finally, JNBA Financial Advisors grew its position in Ecolab by 45.5% during the fourth quarter. JNBA Financial Advisors now owns 850 shares of the basic materials company’s stock valued at $100,000 after buying an additional 266 shares during the period. Hedge funds and other institutional investors own 76.57% of the company’s stock.

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About Ecolab

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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