Royal Bank of Canada Reaffirms “Outperform” Rating for Ecolab (NYSE:ECL)

Ecolab (NYSE:ECLGet Free Report)‘s stock had its “outperform” rating reiterated by stock analysts at Royal Bank of Canada in a report released on Friday, Benzinga reports. They presently have a $213.00 price objective on the basic materials company’s stock. Royal Bank of Canada’s price objective points to a potential upside of 19.70% from the company’s current price.

Other equities research analysts also recently issued research reports about the company. BMO Capital Markets increased their price objective on Ecolab from $190.00 to $195.00 and gave the stock a “market perform” rating in a research report on Monday, August 7th. Berenberg Bank began coverage on Ecolab in a research report on Friday, September 1st. They set a “hold” rating and a $180.00 price target on the stock. Barclays raised their price target on Ecolab from $165.00 to $200.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 2nd. Robert W. Baird raised their price objective on Ecolab from $174.00 to $200.00 and gave the company a “neutral” rating in a research note on Wednesday, August 2nd. Finally, StockNews.com cut Ecolab from a “buy” rating to a “hold” rating in a research note on Monday, September 4th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, Ecolab presently has a consensus rating of “Hold” and a consensus price target of $193.86.

View Our Latest Stock Analysis on ECL

Ecolab Stock Performance

Shares of ECL stock traded up $0.27 during trading on Friday, hitting $177.94. The company’s stock had a trading volume of 810,854 shares, compared to its average volume of 1,076,737. The business has a fifty day moving average of $183.86 and a 200-day moving average of $174.29. Ecolab has a 52 week low of $131.04 and a 52 week high of $191.41. The company has a market cap of $50.72 billion, a PE ratio of 43.32, a P/E/G ratio of 2.78 and a beta of 1.01. The company has a current ratio of 1.22, a quick ratio of 0.85 and a debt-to-equity ratio of 0.99.

Ecolab (NYSE:ECLGet Free Report) last posted its earnings results on Tuesday, August 1st. The basic materials company reported $1.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.21 by $0.03. Ecolab had a return on equity of 18.33% and a net margin of 7.96%. The firm had revenue of $3.85 billion for the quarter, compared to the consensus estimate of $3.86 billion. During the same quarter in the prior year, the business posted $1.10 earnings per share. The business’s quarterly revenue was up 7.6% on a year-over-year basis. As a group, research analysts anticipate that Ecolab will post 5.08 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director David Maclennan purchased 650 shares of the firm’s stock in a transaction on Monday, August 7th. The stock was acquired at an average price of $183.73 per share, with a total value of $119,424.50. Following the completion of the acquisition, the director now owns 15,071 shares in the company, valued at approximately $2,768,994.83. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.04% of the company’s stock.

Hedge Funds Weigh In On Ecolab

Several hedge funds and other institutional investors have recently modified their holdings of the business. United Bank grew its position in shares of Ecolab by 2.7% in the 1st quarter. United Bank now owns 4,149 shares of the basic materials company’s stock valued at $733,000 after buying an additional 111 shares during the last quarter. Cibc World Market Inc. grew its holdings in shares of Ecolab by 7.6% during the first quarter. Cibc World Market Inc. now owns 6,172 shares of the basic materials company’s stock worth $1,090,000 after buying an additional 434 shares in the last quarter. Sequoia Financial Advisors LLC boosted its position in shares of Ecolab by 23.0% in the first quarter. Sequoia Financial Advisors LLC now owns 1,893 shares of the basic materials company’s stock worth $334,000 after acquiring an additional 354 shares during the last quarter. Brighton Jones LLC boosted its position in shares of Ecolab by 6.7% in the first quarter. Brighton Jones LLC now owns 1,707 shares of the basic materials company’s stock worth $301,000 after acquiring an additional 107 shares during the last quarter. Finally, Candriam Luxembourg S.C.A. lifted its position in Ecolab by 17.1% during the first quarter. Candriam Luxembourg S.C.A. now owns 73,182 shares of the basic materials company’s stock valued at $12,920,000 after buying an additional 10,676 shares in the last quarter. 73.91% of the stock is owned by hedge funds and other institutional investors.

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 Global Industrial, Global Institutional & Specialty, and Global Healthcare & Life Sciences segments. 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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