Ecolab Inc. (NYSE:ECL) – Analysts at Seaport Global Securities lowered their FY2018 EPS estimates for Ecolab in a report released on Monday, November 5th. Seaport Global Securities analyst M. Harrison now expects that the basic materials company will post earnings of $5.25 per share for the year, down from their previous estimate of $5.31. Seaport Global Securities also issued estimates for Ecolab’s Q4 2018 earnings at $1.54 EPS, Q1 2019 earnings at $1.02 EPS, Q2 2019 earnings at $1.41 EPS, Q3 2019 earnings at $1.68 EPS, Q4 2019 earnings at $1.71 EPS, FY2019 earnings at $5.82 EPS and FY2020 earnings at $6.56 EPS.
Ecolab (NYSE:ECL) last issued its quarterly earnings data on Tuesday, October 30th. The basic materials company reported $1.53 EPS for the quarter, meeting the consensus estimate of $1.53. Ecolab had a return on equity of 19.13% and a net margin of 10.99%. The company had revenue of $3.75 billion for the quarter, compared to analyst estimates of $3.74 billion. During the same period last year, the company earned $1.37 earnings per share. Ecolab’s quarterly revenue was up 5.1% compared to the same quarter last year.
Shares of ECL opened at $159.48 on Wednesday. The company has a current ratio of 1.34, a quick ratio of 0.90 and a debt-to-equity ratio of 0.79. Ecolab has a 12 month low of $125.74 and a 12 month high of $160.61. The company has a market capitalization of $45.32 billion, a price-to-earnings ratio of 34.00, a price-to-earnings-growth ratio of 2.33 and a beta of 0.87.
Institutional investors have recently made changes to their positions in the stock. Argus Investors Counsel Inc. increased its stake in Ecolab by 18.8% during the third quarter. Argus Investors Counsel Inc. now owns 2,172 shares of the basic materials company’s stock worth $341,000 after acquiring an additional 343 shares during the last quarter. Bailard Inc. increased its stake in Ecolab by 6.1% during the second quarter. Bailard Inc. now owns 6,033 shares of the basic materials company’s stock worth $847,000 after acquiring an additional 347 shares during the last quarter. Gyroscope Capital Management Group LLC increased its stake in Ecolab by 19.5% during the third quarter. Gyroscope Capital Management Group LLC now owns 2,191 shares of the basic materials company’s stock worth $345,000 after acquiring an additional 358 shares during the last quarter. Motley Fool Asset Management LLC increased its stake in Ecolab by 13.6% during the second quarter. Motley Fool Asset Management LLC now owns 3,047 shares of the basic materials company’s stock worth $428,000 after acquiring an additional 364 shares during the last quarter. Finally, North Star Asset Management Inc. increased its stake in Ecolab by 0.5% during the third quarter. North Star Asset Management Inc. now owns 72,310 shares of the basic materials company’s stock worth $11,337,000 after acquiring an additional 364 shares during the last quarter. Hedge funds and other institutional investors own 76.10% of the company’s stock.
In related news, EVP Michael A. Hickey sold 32,468 shares of Ecolab stock in a transaction that occurred on Thursday, September 13th. The stock was sold at an average price of $155.80, for a total transaction of $5,058,514.40. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Arthur J. Higgins sold 8,700 shares of Ecolab stock in a transaction that occurred on Monday, August 27th. The stock was sold at an average price of $149.76, for a total value of $1,302,912.00. Following the transaction, the director now owns 21,363 shares in the company, valued at approximately $3,199,322.88. The disclosure for this sale can be found here. In the last quarter, insiders have sold 72,085 shares of company stock worth $11,061,315. 1.50% of the stock is currently owned by company insiders.
Ecolab Company Profile
Ecolab Inc provides water, hygiene, and energy technologies and services for customers worldwide. The company operates through Global Industrial, Global Institutional, and Global Energy segments. The Global Industrial segment provides water treatment and process applications, and cleaning and sanitizing solutions primarily to large industrial customers within the manufacturing, food and beverage processing, chemical, mining and primary metals, power generation, pulp and paper, and commercial laundry industries.
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