Ecolab Inc. (NYSE:ECL) Plans Dividend Increase – $0.47 Per Share

Ecolab Inc. (NYSE:ECL) declared a quarterly dividend on Wednesday, December 4th, RTT News reports. Investors of record on Tuesday, December 17th will be paid a dividend of 0.47 per share by the basic materials company on Wednesday, January 15th. This represents a $1.88 annualized dividend and a yield of 1.02%. This is a positive change from Ecolab’s previous quarterly dividend of $0.46.

ECL traded down $1.46 on Wednesday, hitting $183.88. 1,113,074 shares of the stock traded hands, compared to its average volume of 1,074,637. Ecolab has a 52 week low of $135.77 and a 52 week high of $209.87. The company has a current ratio of 1.24, a quick ratio of 0.84 and a debt-to-equity ratio of 0.69. The firm has a market capitalization of $53.81 billion, a PE ratio of 35.02, a P/E/G ratio of 2.56 and a beta of 0.80. The business has a fifty day moving average price of $189.86 and a two-hundred day moving average price of $194.95.

Ecolab (NYSE:ECL) last issued its quarterly earnings results on Tuesday, October 29th. The basic materials company reported $1.71 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.71. Ecolab had a return on equity of 20.08% and a net margin of 10.27%. The firm had revenue of $3.82 billion for the quarter, compared to analyst estimates of $3.89 billion. During the same period in the previous year, the company posted $1.53 earnings per share. The company’s quarterly revenue was up 1.9% compared to the same quarter last year. On average, equities research analysts forecast that Ecolab will post 5.86 EPS for the current fiscal year.

Several equities analysts recently issued reports on ECL shares. Morgan Stanley boosted their price target on Ecolab from $140.00 to $205.00 and gave the company an “equal weight” rating in a research note on Monday, August 12th. ValuEngine lowered Ecolab from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Finally, Nomura boosted their price target on Ecolab from $208.00 to $210.00 and gave the company a “buy” rating in a research note on Wednesday, August 7th. Eleven equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $198.08.

In other news, EVP Darrell R. Brown sold 12,678 shares of the company’s stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $198.09, for a total value of $2,511,385.02. Following the sale, the executive vice president now directly owns 21,061 shares in the company, valued at approximately $4,171,973.49. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Catelan Leanne purchased 50,000 shares of the firm’s stock in a transaction that occurred on Monday, October 14th. The shares were acquired at an average price of $1.16 per share, for a total transaction of $58,000.00. Corporate insiders own 1.52% of the company’s stock.

Ecolab Company Profile

Ecolab Inc provides water, hygiene, and energy technologies and services worldwide. The company operates through Global Industrial, Global Institutional, Global Energy, and Other segments. The Global Industrial segment offers water treatment and process applications, and cleaning and sanitizing solutions primarily to industrial customers within the manufacturing, food and beverage processing, transportation, chemical, primary metals and mining, power generation, pulp and paper, pharmaceutical, and commercial laundry.

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Dividend History for Ecolab (NYSE:ECL)

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