Ecolab (NYSE:ECL) Sets New 52-Week High at $243.37

Shares of Ecolab Inc. (NYSE:ECLGet Free Report) reached a new 52-week high on Monday . The stock traded as high as $243.37 and last traded at $243.20, with a volume of 1419768 shares traded. The stock had previously closed at $240.05.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Morgan Stanley raised their price objective on Ecolab from $230.00 to $240.00 and gave the company an “equal weight” rating in a research note on Wednesday, March 27th. UBS Group increased their target price on Ecolab from $269.00 to $270.00 and gave the company a “buy” rating in a research report on Tuesday, May 21st. Raymond James increased their target price on Ecolab from $230.00 to $250.00 and gave the company an “outperform” rating in a research report on Wednesday, April 3rd. Robert W. Baird increased their target price on Ecolab from $232.00 to $243.00 and gave the company a “neutral” rating in a research report on Wednesday, May 1st. Finally, Wolfe Research started coverage on Ecolab in a research report on Friday, March 1st. They issued a “peer perform” rating for the company. Eleven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $239.56.

Read Our Latest Stock Analysis on Ecolab

Ecolab Stock Performance

The business has a fifty day simple moving average of $230.23 and a two-hundred day simple moving average of $216.83. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.41 and a quick ratio of 0.99. The company has a market cap of $69.48 billion, a PE ratio of 45.05, a price-to-earnings-growth ratio of 2.57 and a beta of 1.12.

Ecolab (NYSE:ECLGet Free Report) last issued its quarterly earnings data on Tuesday, April 30th. The basic materials company reported $1.34 EPS for the quarter, beating the consensus estimate of $1.33 by $0.01. Ecolab had a return on equity of 20.56% and a net margin of 10.01%. The firm had revenue of $3.75 billion during the quarter, compared to analyst estimates of $3.74 billion. During the same quarter in the prior year, the business posted $0.88 EPS. The business’s revenue for the quarter was up 5.0% compared to the same quarter last year. Research analysts anticipate that Ecolab Inc. will post 6.59 earnings per share for the current year.

Ecolab Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Tuesday, June 18th will be given a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a yield of 0.94%. The ex-dividend date of this dividend is Tuesday, June 18th. Ecolab’s dividend payout ratio is currently 42.22%.

Insider Activity

In other Ecolab news, Director Arthur J. Higgins sold 4,500 shares of the firm’s stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $227.52, for a total value of $1,023,840.00. Following the transaction, the director now directly owns 25,548 shares of the company’s stock, valued at approximately $5,812,680.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Ecolab news, Director David Maclennan acquired 650 shares of the company’s stock in a transaction dated Friday, May 3rd. The stock was acquired at an average cost of $227.37 per share, with a total value of $147,790.50. Following the purchase, the director now directly owns 17,111 shares in the company, valued at approximately $3,890,528.07. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Arthur J. Higgins sold 4,500 shares of Ecolab stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $227.52, for a total transaction of $1,023,840.00. Following the completion of the sale, the director now directly owns 25,548 shares of the company’s stock, valued at $5,812,680.96. The disclosure for this sale can be found here. Insiders own 0.50% of the company’s stock.

Hedge Funds Weigh In On Ecolab

Hedge funds have recently made changes to their positions in the stock. First Personal Financial Services purchased a new stake in Ecolab during the 4th quarter worth $26,000. Hexagon Capital Partners LLC boosted its stake in Ecolab by 150.0% during the 4th quarter. Hexagon Capital Partners LLC now owns 135 shares of the basic materials company’s stock valued at $27,000 after purchasing an additional 81 shares during the period. Motco acquired a new position in Ecolab during the 4th quarter valued at about $28,000. Fortitude Family Office LLC acquired a new stake in Ecolab during the fourth quarter valued at approximately $29,000. Finally, LRI Investments LLC acquired a new stake in Ecolab during the first quarter valued at approximately $31,000. Institutional investors and hedge funds own 74.91% of the company’s stock.

About Ecolab

(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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