Ecolab Inc. (NYSE:ECL) – Stock analysts at Oppenheimer reduced their FY2018 earnings estimates for Ecolab in a research note issued on Tuesday, November 20th. Oppenheimer analyst S. Schneeberger now expects that the basic materials company will post earnings per share of $5.25 for the year, down from their previous estimate of $5.40. Oppenheimer currently has a “Market Perform” rating on the stock. Oppenheimer also issued estimates for Ecolab’s Q1 2019 earnings at $1.02 EPS, Q2 2019 earnings at $1.41 EPS, Q3 2019 earnings at $1.73 EPS, Q4 2019 earnings at $1.74 EPS, FY2019 earnings at $5.90 EPS and FY2020 earnings at $6.55 EPS.
Ecolab (NYSE:ECL) last released its earnings results on Tuesday, October 30th. The basic materials company reported $1.53 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.53. Ecolab had a return on equity of 19.13% and a net margin of 10.99%. The business had revenue of $3.75 billion for the quarter, compared to analyst estimates of $3.74 billion. During the same quarter last year, the firm posted $1.37 earnings per share. The business’s revenue was up 5.1% compared to the same quarter last year.
ECL stock opened at $153.24 on Thursday. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.90 and a current ratio of 1.34. Ecolab has a twelve month low of $125.74 and a twelve month high of $160.66. The firm has a market capitalization of $44.78 billion, a price-to-earnings ratio of 32.67, a price-to-earnings-growth ratio of 2.30 and a beta of 0.87.
In related news, EVP Timothy P. Mulhere sold 9,800 shares of the firm’s stock in a transaction dated Thursday, September 6th. The stock was sold at an average price of $152.59, for a total transaction of $1,495,382.00. Following the sale, the executive vice president now owns 29,482 shares of the company’s stock, valued at $4,498,658.38. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Chairman Douglas M. Baker, Jr. sold 40,025 shares of the firm’s stock in a transaction dated Wednesday, November 7th. The shares were sold at an average price of $160.20, for a total value of $6,412,005.00. Following the sale, the chairman now directly owns 558,017 shares in the company, valued at approximately $89,394,323.40. The disclosure for this sale can be found here. Insiders have sold a total of 112,110 shares of company stock worth $17,473,320 in the last three months. Corporate insiders own 1.50% of the company’s stock.
Hedge funds have recently modified their holdings of the stock. Ancora Advisors LLC bought a new stake in Ecolab during the third quarter valued at about $107,000. Honkamp Krueger Financial Services Inc. bought a new stake in Ecolab during the third quarter valued at about $110,000. Braun Bostich & Associates Inc. boosted its position in Ecolab by 487.7% during the second quarter. Braun Bostich & Associates Inc. now owns 858 shares of the basic materials company’s stock valued at $120,000 after purchasing an additional 712 shares in the last quarter. Squar Milner Financial Services LLC bought a new stake in Ecolab during the second quarter valued at about $126,000. Finally, Flagship Harbor Advisors LLC bought a new stake in Ecolab during the second quarter valued at about $139,000. 76.35% of the stock is currently owned by institutional investors.
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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