Ecolab Inc. (NYSE:ECL) EVP Elizabeth A. Simermeyer sold 3,875 shares of the stock in a transaction dated Wednesday, May 22nd. The stock was sold at an average price of $183.90, for a total transaction of $712,612.50. Following the transaction, the executive vice president now directly owns 10,421 shares in the company, valued at approximately $1,916,421.90. The transaction was disclosed in a filing with the SEC, which is available through this link.
Shares of ECL remained flat at $$182.48 on Friday. 673,156 shares of the company were exchanged, compared to its average volume of 1,012,049. The company has a quick ratio of 0.75, a current ratio of 1.14 and a debt-to-equity ratio of 0.73. Ecolab Inc. has a 12 month low of $135.77 and a 12 month high of $186.34. The firm has a market cap of $52.60 billion, a price-to-earnings ratio of 34.76, a PEG ratio of 2.49 and a beta of 0.89.
Ecolab (NYSE:ECL) last posted its earnings results on Tuesday, April 30th. The basic materials company reported $1.03 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.02 by $0.01. Ecolab had a net margin of 10.06% and a return on equity of 19.50%. The company had revenue of $3.51 billion for the quarter, compared to analyst estimates of $3.57 billion. During the same quarter in the prior year, the business posted $0.91 EPS. The firm’s revenue was up 1.0% compared to the same quarter last year. Sell-side analysts predict that Ecolab Inc. will post 5.9 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Tuesday, June 18th will be issued a $0.46 dividend. The ex-dividend date is Monday, June 17th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.01%. Ecolab’s dividend payout ratio is presently 35.05%.
A number of equities analysts have recently issued reports on ECL shares. Robert W. Baird set a $166.00 price objective on shares of Ecolab and gave the stock a “hold” rating in a research report on Wednesday, February 20th. Zacks Investment Research cut shares of Ecolab from a “hold” rating to a “sell” rating in a research report on Tuesday, January 29th. Bank of America reissued a “buy” rating and set a $200.00 price objective (up previously from $178.00) on shares of Ecolab in a research report on Wednesday, May 1st. Boenning Scattergood reissued a “buy” rating and set a $210.00 price objective on shares of Ecolab in a research report on Tuesday, February 5th. Finally, Edward Jones cut shares of Ecolab from a “buy” rating to a “hold” rating in a research report on Friday, April 5th. Eleven investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Ecolab has an average rating of “Hold” and a consensus target price of $180.93.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Princeton Global Asset Management LLC increased its stake in Ecolab by 7.9% in the 1st quarter. Princeton Global Asset Management LLC now owns 3,675 shares of the basic materials company’s stock valued at $648,000 after buying an additional 270 shares during the last quarter. ZWJ Investment Counsel Inc. increased its stake in Ecolab by 1.1% in the 1st quarter. ZWJ Investment Counsel Inc. now owns 76,178 shares of the basic materials company’s stock valued at $13,448,000 after buying an additional 844 shares during the last quarter. GYL Financial Synergies LLC purchased a new stake in Ecolab in the 1st quarter valued at about $213,000. Lowe Brockenbrough & Co. Inc. purchased a new stake in Ecolab in the 1st quarter valued at about $212,000. Finally, M Holdings Securities Inc. increased its stake in Ecolab by 1.5% in the 1st quarter. M Holdings Securities Inc. now owns 7,195 shares of the basic materials company’s stock valued at $1,270,000 after buying an additional 108 shares during the last quarter. Institutional investors own 75.60% of the company’s stock.
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Ecolab Company Profile
Ecolab Inc provides water, hygiene, and energy technologies and services worldwide. The company operates through Global Industrial, Global Institutional, Global Energy, and Other segments. The Global Industrial segment offers water treatment and process applications, and cleaning and sanitizing solutions primarily to industrial customers within the manufacturing, food and beverage processing, transportation, chemical, primary metals and mining, power generation, pulp and paper, pharmaceutical, and commercial laundry.
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