Seaport Res Ptn Research Analysts Lift Earnings Estimates for Ecolab Inc. (NYSE:ECL)

Ecolab Inc. (NYSE:ECLGet Rating) – Equities research analysts at Seaport Res Ptn raised their Q1 2023 earnings per share (EPS) estimates for Ecolab in a report issued on Wednesday, January 18th. Seaport Res Ptn analyst M. Harrison now forecasts that the basic materials company will post earnings per share of $0.90 for the quarter, up from their previous forecast of $0.89. Seaport Res Ptn currently has a “Buy” rating on the stock. The consensus estimate for Ecolab’s current full-year earnings is $4.47 per share. Seaport Res Ptn also issued estimates for Ecolab’s Q2 2023 earnings at $1.35 EPS, Q3 2023 earnings at $1.57 EPS, Q4 2023 earnings at $1.58 EPS and FY2023 earnings at $5.40 EPS.

ECL has been the topic of a number of other reports. JPMorgan Chase & Co. upped their price target on Ecolab from $175.00 to $180.00 in a report on Friday, December 9th. assumed coverage on shares of Ecolab in a report on Wednesday, October 12th. They set a “hold” rating on the stock. BMO Capital Markets lowered their price objective on shares of Ecolab from $169.00 to $143.00 and set a “market perform” rating on the stock in a research report on Thursday, November 3rd. Wells Fargo & Company boosted their target price on shares of Ecolab from $160.00 to $168.00 and gave the company an “overweight” rating in a research note on Friday, January 13th. Finally, Citigroup raised their price target on Ecolab from $146.00 to $164.00 and gave the stock a “neutral” rating in a research note on Thursday, December 15th. Ten investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, Ecolab presently has an average rating of “Hold” and an average price target of $174.69.

Ecolab Stock Performance

ECL stock opened at $152.88 on Friday. The stock’s 50 day simple moving average is $148.69 and its 200 day simple moving average is $154.15. The company has a current ratio of 1.35, a quick ratio of 0.87 and a debt-to-equity ratio of 1.13. Ecolab has a 12-month low of $131.04 and a 12-month high of $203.49. The stock has a market capitalization of $43.54 billion, a PE ratio of 38.90, a price-to-earnings-growth ratio of 2.41 and a beta of 0.98.

Ecolab (NYSE:ECLGet Rating) last issued its earnings results on Tuesday, November 1st. The basic materials company reported $1.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.33 by ($0.03). Ecolab had a return on equity of 18.10% and a net margin of 8.13%. The firm had revenue of $3.67 billion during the quarter, compared to the consensus estimate of $3.68 billion.

Hedge Funds Weigh In On Ecolab

Several hedge funds have recently modified their holdings of ECL. CX Institutional purchased a new stake in Ecolab in the 2nd quarter worth $31,000. Core Alternative Capital boosted its stake in Ecolab by 119.2% during the second quarter. Core Alternative Capital now owns 228 shares of the basic materials company’s stock valued at $35,000 after buying an additional 124 shares during the last quarter. Eagle Bay Advisors LLC grew its holdings in Ecolab by 1,406.3% during the 2nd quarter. Eagle Bay Advisors LLC now owns 241 shares of the basic materials company’s stock valued at $37,000 after buying an additional 225 shares in the last quarter. Ronald Blue Trust Inc. increased its stake in Ecolab by 135.6% in the 4th quarter. Ronald Blue Trust Inc. now owns 245 shares of the basic materials company’s stock worth $36,000 after acquiring an additional 141 shares during the last quarter. Finally, Almanack Investment Partners LLC. purchased a new stake in shares of Ecolab during the 3rd quarter worth approximately $36,000. Hedge funds and other institutional investors own 86.76% of the company’s stock.

Insider Activity

In other Ecolab news, Director David Maclennan bought 800 shares of the firm’s stock in a transaction that occurred on Tuesday, November 8th. The shares were bought at an average price of $139.66 per share, with a total value of $111,728.00. Following the purchase, the director now owns 12,597 shares of the company’s stock, valued at $1,759,297.02. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.04% of the company’s stock.

Ecolab Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 17th. Shareholders of record on Tuesday, December 20th were issued a dividend of $0.53 per share. The ex-dividend date was Monday, December 19th. This is a boost from Ecolab’s previous quarterly dividend of $0.51. This represents a $2.12 dividend on an annualized basis and a yield of 1.39%. Ecolab’s dividend payout ratio (DPR) is currently 53.94%.

Ecolab Company Profile

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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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Earnings History and Estimates for Ecolab (NYSE:ECL)

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