Ecolab (NYSE:ECL) has been given a $181.00 price target by investment analysts at Credit Suisse Group in a report released on Wednesday, The Fly reports. The brokerage currently has a “neutral” rating on the basic materials company’s stock. Credit Suisse Group’s price target points to a potential downside of 9.55% from the company’s previous close.
Other equities research analysts have also recently issued reports about the company. Nomura dropped their price target on Ecolab from $210.00 to $208.00 and set a “buy” rating for the company in a report on Thursday, May 2nd. Edward Jones lowered Ecolab from a “buy” rating to a “hold” rating in a research report on Friday, April 5th. Bank of America reiterated a “buy” rating and issued a $200.00 price objective (up from $178.00) on shares of Ecolab in a research report on Wednesday, May 1st. Canaccord Genuity increased their price objective on Ecolab from $198.00 to $222.00 and gave the company a “buy” rating in a research report on Wednesday. Finally, Zacks Investment Research upgraded Ecolab from a “sell” rating to a “hold” rating in a research report on Thursday, May 2nd. Eleven analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Ecolab has an average rating of “Hold” and an average price target of $185.36.
Shares of ECL traded down $0.81 during mid-day trading on Wednesday, reaching $200.12. The company had a trading volume of 14,377 shares, compared to its average volume of 868,070. Ecolab has a twelve month low of $135.77 and a twelve month high of $209.24. The company has a quick ratio of 0.75, a current ratio of 1.18 and a debt-to-equity ratio of 0.72. The stock’s 50-day moving average price is $196.64. The stock has a market cap of $59.29 billion, a P/E ratio of 38.11, a P/E/G ratio of 2.80 and a beta of 0.84.
In other Ecolab news, Director Leslie S. Biller sold 9,975 shares of the stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $195.01, for a total value of $1,945,224.75. Following the transaction, the director now directly owns 49,164 shares in the company, valued at approximately $9,587,471.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Victoria Reich sold 1,500 shares of the stock in a transaction on Thursday, June 13th. The shares were sold at an average price of $199.25, for a total value of $298,875.00. Following the completion of the transaction, the director now owns 20,987 shares in the company, valued at $4,181,659.75. The disclosure for this sale can be found here. Insiders sold a total of 73,550 shares of company stock worth $13,709,544 over the last quarter. Corporate insiders own 1.52% of the company’s stock.
Several large investors have recently bought and sold shares of the company. Next Capital Management LLC acquired a new stake in shares of Ecolab in the second quarter valued at about $27,000. Envestnet Asset Management Inc. increased its position in shares of Ecolab by 2.2% in the second quarter. Envestnet Asset Management Inc. now owns 277,849 shares of the basic materials company’s stock valued at $54,858,000 after acquiring an additional 5,909 shares during the last quarter. Boys Arnold & Co. Inc. increased its position in shares of Ecolab by 8.4% in the second quarter. Boys Arnold & Co. Inc. now owns 1,527 shares of the basic materials company’s stock valued at $301,000 after acquiring an additional 118 shares during the last quarter. Candriam Luxembourg S.C.A. increased its position in shares of Ecolab by 20.6% in the second quarter. Candriam Luxembourg S.C.A. now owns 27,503 shares of the basic materials company’s stock valued at $7,971,000 after acquiring an additional 4,701 shares during the last quarter. Finally, Cullen Frost Bankers Inc. increased its position in shares of Ecolab by 4.1% in the second quarter. Cullen Frost Bankers Inc. now owns 5,226 shares of the basic materials company’s stock valued at $1,032,000 after acquiring an additional 205 shares during the last quarter. Institutional investors and hedge funds own 75.33% 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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