Ecolab (NYSE:ECL) Receiving Somewhat Favorable News Coverage, Report Shows
Media stories about Ecolab (NYSE:ECL) have trended somewhat positive on Wednesday, according to Accern Sentiment. The research group ranks the sentiment of media coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Ecolab earned a coverage optimism score of 0.14 on Accern’s scale. Accern also gave media stories about the basic materials company an impact score of 46.310942227118 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
These are some of the news articles that may have effected Accern Sentiment’s analysis:
- Ecolab Inc (ECL) Needle Moving 0.28% – Evergreen Caller (evergreencaller.com)
- Ecolab Inc. (NYSE:ECL) Rating Reiterated by UBS AG (americanbankingnews.com)
- Sumitomo Mitsui Trust Holdings, Inc. Bought A Little More Ecolab Inc. (ECL) Stock – Modern Readers (modernreaders.com)
- New Water Safety Program Helps Healthcare Providers Meet New Requirements to Reduce Legionella Risk (finance.yahoo.com)
- Insider Trading Activity Ecolab Inc. (NYSE:ECL) – Major Shareholder Bought 75,500 shares of Stock (4-traders.com)
A number of research analysts recently weighed in on ECL shares. Canaccord Genuity reissued a “buy” rating and set a $135.00 price target on shares of Ecolab in a research report on Monday, May 1st. Oppenheimer Holdings, Inc. reissued an “outperform” rating and set a $141.00 price target (up from $133.00) on shares of Ecolab in a research report on Friday, June 2nd. J P Morgan Chase & Co raised shares of Ecolab from a “neutral” rating to an “overweight” rating and raised their price target for the company from $120.00 to $138.00 in a research report on Friday, May 26th. Zacks Investment Research lowered shares of Ecolab from a “buy” rating to a “hold” rating in a research report on Thursday, July 27th. Finally, Deutsche Bank AG raised their price target on shares of Ecolab from $132.00 to $134.00 and gave the company a “hold” rating in a research report on Wednesday, August 2nd. Eight research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $133.43.
Ecolab (NYSE ECL) traded up 0.85% during mid-day trading on Wednesday, reaching $132.36. 690,619 shares of the company were exchanged. Ecolab has a one year low of $110.65 and a one year high of $134.89. The stock has a 50-day moving average price of $132.51 and a 200 day moving average price of $127.37. The company has a market capitalization of $38.36 billion, a PE ratio of 30.26 and a beta of 0.98.
Ecolab (NYSE:ECL) last issued its quarterly earnings data on Tuesday, August 1st. The basic materials company reported $1.13 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.12 by $0.01. Ecolab had a net margin of 9.66% and a return on equity of 18.93%. The firm had revenue of $3.46 billion for the quarter, compared to analysts’ expectations of $3.40 billion. During the same quarter in the prior year, the business earned $1.08 EPS. The business’s quarterly revenue was up 4.4% on a year-over-year basis. Analysts predict that Ecolab will post $4.80 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Tuesday, September 19th will be paid a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 1.12%. The ex-dividend date is Monday, September 18th. Ecolab’s dividend payout ratio (DPR) is presently 33.79%.
In other news, EVP Michael A. Hickey sold 13,700 shares of the stock in a transaction that occurred on Tuesday, May 30th. The shares were sold at an average price of $131.30, for a total value of $1,798,810.00. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP Bruno Lavandier sold 1,000 shares of the stock in a transaction that occurred on 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 transaction, the senior vice president now owns 8,922 shares in the company, valued at approximately $1,191,265.44. The disclosure for this sale can be found here. Insiders sold a total of 44,810 shares of company stock worth $5,897,361 in the last quarter. Company insiders own 1.49% of the company’s stock.
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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.
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