Ecolab (NYSE:ECL) Receives Outperform Rating from Royal Bank of Canada

Royal Bank of Canada reissued their outperform rating on shares of Ecolab (NYSE:ECLFree Report) in a research report report published on Tuesday morning, Benzinga reports. The firm currently has a $238.00 price objective on the basic materials company’s stock.

Several other research analysts have also recently weighed in on the stock. JPMorgan Chase & Co. cut shares of Ecolab from an overweight rating to a neutral rating and boosted their price target for the company from $200.00 to $220.00 in a research report on Wednesday, February 14th. Wells Fargo & Company raised their price target on shares of Ecolab from $240.00 to $250.00 and gave the stock an overweight rating in a report on Wednesday, February 14th. Robert W. Baird upped their price objective on Ecolab from $184.00 to $232.00 and gave the company a neutral rating in a report on Wednesday, February 14th. Citigroup raised their target price on Ecolab from $220.00 to $237.00 and gave the stock a neutral rating in a research note on Wednesday, February 14th. Finally, UBS Group lifted their target price on Ecolab from $211.00 to $227.00 and gave the company a buy rating in a research report on Thursday, January 11th. Eleven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from, the company currently has a consensus rating of Hold and an average price target of $230.47.

View Our Latest Stock Analysis on Ecolab

Ecolab Stock Up 0.4 %

Shares of NYSE ECL opened at $221.72 on Tuesday. The stock has a market cap of $63.39 billion, a PE ratio of 46.29, a P/E/G ratio of 2.60 and a beta of 1.10. The company has a current ratio of 1.30, a quick ratio of 0.95 and a debt-to-equity ratio of 0.94. Ecolab has a 12-month low of $156.72 and a 12-month high of $231.86. The company has a 50-day moving average of $221.50 and a 200 day moving average of $197.37.

Ecolab (NYSE:ECLGet Free Report) last posted its quarterly earnings results on Tuesday, February 13th. The basic materials company reported $1.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.54 by $0.01. Ecolab had a return on equity of 19.36% and a net margin of 8.96%. The business had revenue of $3.94 billion during the quarter, compared to analyst estimates of $3.92 billion. During the same period in the prior year, the business earned $1.27 earnings per share. The business’s revenue was up 7.3% compared to the same quarter last year. As a group, sell-side analysts predict that Ecolab will post 6.42 EPS for the current fiscal year.

Ecolab Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 15th. Shareholders of record on Tuesday, March 19th will be paid a $0.57 dividend. The ex-dividend date of this dividend is Monday, March 18th. This represents a $2.28 annualized dividend and a dividend yield of 1.03%. Ecolab’s dividend payout ratio (DPR) is 47.60%.

Institutional Investors Weigh In On Ecolab

Large investors have recently bought and sold shares of the stock. OFI Invest Asset Management purchased a new stake in shares of Ecolab during the third quarter worth approximately $25,000. Cornerstone Planning Group LLC purchased a new position in Ecolab in the second quarter worth approximately $25,000. First Personal Financial Services acquired a new position in Ecolab during the 4th quarter worth approximately $26,000. Live Oak Investment Partners acquired a new stake in shares of Ecolab in the 4th quarter valued at $26,000. Finally, DHJJ Financial Advisors Ltd. purchased a new stake in shares of Ecolab during the 3rd quarter worth $27,000. Hedge funds and other institutional investors own 74.91% of the company’s stock.

Ecolab Company Profile

(Get Free Report)

Ecolab Inc provides water, hygiene, and infection prevention solutions and services in the United States and internationally. The company operates through three segments: Global Industrial; Global Institutional & Specialty; and Global Healthcare & Life Sciences. The Global Industrial segment offers water treatment and process applications, and cleaning and sanitizing solutions to manufacturing, food and beverage processing, transportation, chemical, metals and mining, power generation, pulp and paper, commercial laundry, petroleum, refining, and petrochemical industries.

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