Ecolab Inc. (NYSE:ECL) was downgraded by investment analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a report issued on Monday.

Several other equities analysts have also issued reports on ECL. UBS AG reaffirmed a “buy” rating and issued a $147.00 price target (up previously from $144.00) on shares of Ecolab in a research report on Tuesday, August 8th. Credit Suisse Group set a $128.00 price target on Ecolab and gave the stock a “hold” rating in a research report on Thursday, August 3rd. Stifel Nicolaus reaffirmed a “hold” rating and issued a $130.00 price target on shares of Ecolab in a research report on Thursday, August 3rd. Deutsche Bank AG lifted their price target on Ecolab from $132.00 to $134.00 and gave the stock a “hold” rating in a research report on Wednesday, August 2nd. Finally, Zacks Investment Research lowered Ecolab from a “buy” rating to a “hold” rating in a research report on Thursday, July 27th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and eight have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $133.43.

Ecolab (ECL) traded up 1.27% on Monday, reaching $131.46. 674,826 shares of the company’s stock traded hands. The firm’s 50 day moving average price is $132.19 and its 200 day moving average price is $127.96. The company has a market cap of $38.04 billion, a PE ratio of 30.05 and a beta of 0.98. Ecolab has a 12 month low of $110.65 and a 12 month high of $134.89.

Ecolab (NYSE:ECL) last announced its quarterly earnings data on Tuesday, August 1st. The basic materials company reported $1.13 EPS for the quarter, beating the consensus estimate of $1.12 by $0.01. The business had revenue of $3.46 billion during the quarter, compared to analyst estimates of $3.40 billion. Ecolab had a return on equity of 18.93% and a net margin of 9.66%. The company’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same quarter last year, the firm posted $1.08 earnings per share. On average, equities analysts expect that Ecolab will post $4.80 EPS for the current fiscal year.

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In other Ecolab news, SVP Bruno Lavandier sold 1,000 shares of the business’s stock in a transaction dated Tuesday, June 6th. The stock was sold at an average price of $133.52, for a total transaction of $133,520.00. Following the completion of the sale, the senior vice president now directly owns 8,922 shares in the company, valued at approximately $1,191,265.44. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Christophe Beck sold 6,959 shares of the business’s stock in a transaction dated Friday, May 19th. The shares were sold at an average price of $127.11, for a total value of $884,558.49. Following the sale, the executive vice president now owns 42,419 shares of the company’s stock, valued at $5,391,879.09. The disclosure for this sale can be found here. In the last three months, insiders sold 44,810 shares of company stock valued at $5,897,361. 1.49% of the stock is owned by insiders.

Several large investors have recently added to or reduced their stakes in the stock. Guardian Life Insurance Co. of America increased its stake in Ecolab by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 1,012 shares of the basic materials company’s stock worth $127,000 after buying an additional 7 shares in the last quarter. Rench Wealth Management Inc. increased its stake in Ecolab by 0.3% in the first quarter. Rench Wealth Management Inc. now owns 2,995 shares of the basic materials company’s stock worth $375,000 after buying an additional 9 shares in the last quarter. Green Square Capital LLC increased its stake in Ecolab by 0.3% in the second quarter. Green Square Capital LLC now owns 2,836 shares of the basic materials company’s stock worth $377,000 after buying an additional 9 shares in the last quarter. Ironwood Investment Management LLC increased its stake in Ecolab by 0.7% in the second quarter. Ironwood Investment Management LLC now owns 2,708 shares of the basic materials company’s stock worth $359,000 after buying an additional 19 shares in the last quarter. Finally, JNBA Financial Advisors increased its stake in Ecolab by 2.5% in the first quarter. JNBA Financial Advisors now owns 871 shares of the basic materials company’s stock worth $109,000 after buying an additional 21 shares in the last quarter. Institutional investors and hedge funds own 75.73% of the company’s stock.

Ecolab Company Profile

Ecolab Inc provides water, hygiene and energy technologies and services. The Company’s cleaning and sanitizing programs and products, pest elimination services and equipment maintenance and repair services support customers in the foodservice, food and beverage processing, hospitality, healthcare, government and education, retail, textile care and commercial facilities management sectors in over 170 countries.

Analyst Recommendations for Ecolab (NYSE:ECL)

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