Q1 2018 Earnings Forecast for Ecolab Inc. Issued By Seaport Global Securities (ECL)

Ecolab Inc. (NYSE:ECL) – Investment analysts at Seaport Global Securities raised their Q1 2018 EPS estimates for Ecolab in a research note issued on Monday. Seaport Global Securities analyst M. Harrison now forecasts that the basic materials company will earn $0.96 per share for the quarter, up from their previous forecast of $0.93. Seaport Global Securities also issued estimates for Ecolab’s Q2 2018 earnings at $1.33 EPS, Q3 2018 earnings at $1.54 EPS, Q4 2018 earnings at $1.55 EPS, FY2018 earnings at $5.38 EPS, Q1 2019 earnings at $1.12 EPS, Q2 2019 earnings at $1.51 EPS, Q3 2019 earnings at $1.72 EPS, Q4 2019 earnings at $1.73 EPS and FY2019 earnings at $6.07 EPS.

A number of other equities analysts have also recently issued reports on the stock. Zacks Investment Research upgraded shares of Ecolab from a “hold” rating to a “buy” rating and set a $155.00 price target on the stock in a research note on Monday, January 29th. Credit Suisse Group upped their price target on shares of Ecolab from $129.00 to $137.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 24th. Stifel Nicolaus upped their price target on shares of Ecolab from $140.00 to $153.00 and gave the stock a “hold” rating in a research note on Wednesday, January 24th. Robert W. Baird dropped their price target on shares of Ecolab from $144.00 to $143.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 23rd. Finally, Boenning Scattergood reiterated a “buy” rating on shares of Ecolab in a research note on Monday, January 22nd. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and nine have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $140.07.

Ecolab (ECL) opened at $132.05 on Tuesday. The stock has a market cap of $39,598.59, a PE ratio of 29.67, a P/E/G ratio of 2.00 and a beta of 1.06. Ecolab has a one year low of $119.09 and a one year high of $140.50. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.23 and a quick ratio of 0.83.

A number of large investors have recently modified their holdings of the business. C WorldWide Group Holding A S raised its position in Ecolab by 1.8% in the 3rd quarter. C WorldWide Group Holding A S now owns 3,769,066 shares of the basic materials company’s stock worth $484,739,000 after buying an additional 64,833 shares during the last quarter. Edgewood Management LLC raised its position in Ecolab by 0.9% in the 3rd quarter. Edgewood Management LLC now owns 3,503,447 shares of the basic materials company’s stock worth $450,578,000 after buying an additional 30,773 shares during the last quarter. Jensen Investment Management Inc. raised its position in Ecolab by 0.5% in the 4th quarter. Jensen Investment Management Inc. now owns 2,534,985 shares of the basic materials company’s stock worth $340,144,000 after buying an additional 13,405 shares during the last quarter. Artisan Partners Limited Partnership raised its position in Ecolab by 2.1% in the 3rd quarter. Artisan Partners Limited Partnership now owns 1,896,477 shares of the basic materials company’s stock worth $243,906,000 after buying an additional 39,638 shares during the last quarter. Finally, Legal & General Group Plc raised its position in Ecolab by 4.2% in the 3rd quarter. Legal & General Group Plc now owns 1,421,340 shares of the basic materials company’s stock worth $182,806,000 after buying an additional 56,812 shares during the last quarter. 76.63% of the stock is owned by institutional investors and hedge funds.

In other Ecolab news, VP Larry L. Berger sold 5,197 shares of the business’s stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $137.37, for a total value of $713,911.89. Following the completion of the transaction, the vice president now owns 33,110 shares of the company’s stock, valued at approximately $4,548,320.70. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Bruno Lavandier sold 347 shares of the business’s stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $134.77, for a total value of $46,765.19. Following the completion of the transaction, the senior vice president now directly owns 7,615 shares of the company’s stock, valued at approximately $1,026,273.55. The disclosure for this sale can be found here. In the last three months, insiders sold 57,446 shares of company stock valued at $7,886,307. 1.49% of the stock is owned by insiders.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 16th. Shareholders of record on Tuesday, December 19th were given a $0.41 dividend. This is a positive change 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 1.24%. Ecolab’s payout ratio is 33.26%.

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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.

Earnings History and Estimates for Ecolab (NYSE:ECL)

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