Ecolab Inc. (NYSE:ECL) – Equities research analysts at Seaport Global Securities issued their Q1 2019 earnings per share (EPS) estimates for shares of Ecolab in a note issued to investors on Wednesday. Seaport Global Securities analyst M. Harrison anticipates that the basic materials company will post earnings per share of $1.08 for the quarter. Seaport Global Securities also issued estimates for Ecolab’s Q2 2019 earnings at $1.46 EPS, Q3 2019 earnings at $1.67 EPS, Q4 2019 earnings at $1.67 EPS and FY2019 earnings at $5.88 EPS.
Other equities research analysts have also recently issued research reports about the stock. Royal Bank of Canada reaffirmed a “buy” rating on shares of Ecolab in a report on Friday. Barclays lifted their price target on shares of Ecolab from $135.00 to $145.00 and gave the stock an “overweight” rating in a report on Wednesday, November 1st. UBS Group lifted their price target on shares of Ecolab from $147.00 to $148.00 and gave the stock a “buy” rating in a report on Wednesday, November 1st. Jefferies Group lifted their price target on shares of Ecolab from $130.00 to $140.00 and gave the stock a “hold” rating in a report on Wednesday, November 1st. Finally, Stifel Nicolaus reaffirmed a “hold” rating and issued a $140.00 price target on shares of Ecolab in a report on Wednesday, November 1st. One analyst has rated the stock with a sell rating, eleven have given a hold rating and seven have issued a buy rating to the company. Ecolab has a consensus rating of “Hold” and an average price target of $137.21.
Ecolab (NYSE:ECL) last announced its 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. Ecolab had a return on equity of 19.05% and a net margin of 9.67%. The firm had revenue of $3.56 billion for the quarter, compared to the consensus estimate of $3.55 billion. During the same quarter in the previous year, the business earned $1.28 EPS. The company’s revenue was up 5.2% compared to the same quarter last year.
Hedge funds have recently modified their holdings of the business. Bank of Nova Scotia Trust Co. bought a new stake in Ecolab during the 3rd quarter valued at $257,000. TT International raised its holdings in Ecolab by 52.2% during the 3rd quarter. TT International now owns 73,369 shares of the basic materials company’s stock valued at $9,435,000 after acquiring an additional 25,169 shares during the period. Vident Investment Advisory LLC bought a new stake in Ecolab during the 3rd quarter valued at $412,000. Pensionfund DSM Netherlands bought a new stake in Ecolab during the 4th quarter valued at $3,489,000. Finally, Markel Corp raised its holdings in Ecolab by 4.6% during the 3rd quarter. Markel Corp now owns 228,800 shares of the basic materials company’s stock valued at $29,426,000 after acquiring an additional 10,000 shares during the period. 76.57% of the stock is currently owned by institutional investors and hedge funds.
In other Ecolab news, SVP Bruno Lavandier sold 1,250 shares of the business’s stock in a transaction on Friday, December 8th. The shares were sold at an average price of $135.71, for a total transaction of $169,637.50. Following the sale, the senior vice president now owns 7,725 shares of the company’s stock, valued at approximately $1,048,359.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director David Maclennan bought 450 shares of the stock in a transaction on Monday, November 6th. The shares were acquired at an average cost of $131.77 per share, for a total transaction of $59,296.50. Following the acquisition, the director now directly owns 1,514 shares in the company, valued at $199,499.78. The disclosure for this purchase can be found here. Insiders have sold a total of 57,446 shares of company stock worth $7,886,307 in the last three months. Insiders own 1.49% of the company’s stock.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 16th. Shareholders of record on Tuesday, December 19th were issued a dividend of $0.41 per share. This is a boost from Ecolab’s previous quarterly dividend of $0.37. The ex-dividend date of this dividend was Monday, December 18th. This represents a $1.64 dividend on an annualized basis and a yield of 1.17%. Ecolab’s payout ratio is presently 33.33%.
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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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