News headlines about Ecolab (NYSE:ECL) have been trending somewhat positive this week, according to InfoTrie Sentiment. InfoTrie identifies negative and positive media coverage by analyzing more than 6,000 news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Ecolab earned a coverage optimism score of 1.00 on their scale. InfoTrie also gave headlines about the basic materials company an news buzz score of 10 out of 10, indicating that recent media coverage is extremely likely to have an impact on the stock’s share price in the near future.
Here are some of the headlines that may have effected Ecolab’s score:
- Did Ecolab Inc’s (NYSE:ECL) Recent Earnings Growth Beat The Trend? (finance.yahoo.com)
- Ecolab Inc. (ECL) Expected to Announce Quarterly Sales of $3.78 Billion (americanbankingnews.com)
- $1.56 EPS Expected for Ecolab Inc. (ECL) This Quarter (americanbankingnews.com)
- Ecolab Inc. (ECL) Chairman Douglas M. Baker, Jr. Sells 40,025 Shares (americanbankingnews.com)
- Ecolab Inc (ECL) Chairman and CEO Douglas M Jr Baker Sold $6.4 million of Shares (gurufocus.com)
A number of analysts recently weighed in on ECL shares. Zacks Investment Research raised shares of Ecolab from a “hold” rating to a “buy” rating and set a $176.00 target price on the stock in a research note on Wednesday, October 10th. UBS Group upped their target price on shares of Ecolab from $165.00 to $180.00 and gave the company a “buy” rating in a research note on Tuesday, October 2nd. Canaccord Genuity set a $160.00 target price on shares of Ecolab and gave the company a “buy” rating in a research note on Tuesday, July 24th. Bank of America started coverage on shares of Ecolab in a research note on Tuesday, October 23rd. They issued a “buy” rating and a $123.00 target price on the stock. Finally, BMO Capital Markets upped their target price on shares of Ecolab from $151.00 to $159.00 and gave the company a “hold” rating in a research note on Thursday, November 1st. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $154.47.
Ecolab (NYSE:ECL) last released its quarterly earnings results on Tuesday, October 30th. The basic materials company reported $1.53 EPS for the quarter, meeting the Zacks’ consensus estimate of $1.53. The firm had revenue of $3.75 billion for the quarter, compared to analyst estimates of $3.74 billion. Ecolab had a net margin of 10.99% and a return on equity of 19.13%. The company’s revenue for the quarter was up 5.1% compared to the same quarter last year. During the same period in the previous year, the business earned $1.37 earnings per share. On average, research analysts expect that Ecolab will post 5.27 EPS for the current fiscal year.
In other news, Chairman Douglas M. Baker, Jr. sold 40,025 shares of the company’s stock in a transaction that occurred on Wednesday, November 7th. The shares were sold at an average price of $160.20, for a total transaction of $6,412,005.00. Following the transaction, the chairman now directly owns 558,017 shares in the company, valued at $89,394,323.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Michael A. Hickey sold 32,468 shares of the company’s 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 disclosure for this sale can be found here. Over the last 90 days, insiders sold 112,110 shares of company stock worth $17,473,320. Company insiders own 1.50% of the company’s stock.
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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