Jefferies Financial Group Analysts Decrease Earnings Estimates for Ecolab Inc. (NYSE:ECL)

Ecolab Inc. (NYSE:ECL) – Research analysts at Jefferies Financial Group dropped their Q4 2021 earnings estimates for shares of Ecolab in a research report issued on Wednesday, September 15th. Jefferies Financial Group analyst L. Alexander now anticipates that the basic materials company will post earnings of $1.55 per share for the quarter, down from their prior estimate of $1.58.

Ecolab (NYSE:ECL) last posted its earnings results on Tuesday, July 27th. The basic materials company reported $1.22 EPS for the quarter, topping the consensus estimate of $1.18 by $0.04. The firm had revenue of $3.16 billion for the quarter, compared to analyst estimates of $3.11 billion. Ecolab had a return on equity of 20.14% and a net margin of 8.66%. Ecolab’s revenue for the quarter was up 17.8% compared to the same quarter last year. During the same period last year, the company earned $0.65 earnings per share.

Several other analysts have also commented on the company. Royal Bank of Canada assumed coverage on Ecolab in a report on Thursday, September 2nd. They issued an “outperform” rating and a $260.00 price objective on the stock. Boenning Scattergood reissued an “outperform” rating on shares of Ecolab in a report on Wednesday, September 15th. Six investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $232.60.

Ecolab stock opened at $217.09 on Monday. The firm has a market cap of $62.11 billion, a price-to-earnings ratio of 59.64, a price-to-earnings-growth ratio of 3.54 and a beta of 1.00. Ecolab has a 52 week low of $181.25 and a 52 week high of $231.25. The business’s 50-day moving average price is $220.73 and its 200 day moving average price is $217.41. The company has a quick ratio of 1.41, a current ratio of 1.91 and a debt-to-equity ratio of 1.00.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 15th. Investors of record on Tuesday, September 14th will be given a dividend of $0.48 per share. The ex-dividend date is Monday, September 13th. This represents a $1.92 dividend on an annualized basis and a yield of 0.88%. Ecolab’s payout ratio is 47.76%.

In other Ecolab news, Chairman Douglas M. Baker, Jr. sold 173,036 shares of the firm’s stock in a transaction on Tuesday, September 14th. The stock was sold at an average price of $223.54, for a total transaction of $38,680,467.44. Following the completion of the sale, the chairman now owns 796,963 shares of the company’s stock, valued at $178,153,109.02. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Laurie M. Marsh sold 11,536 shares of the firm’s stock in a transaction on Friday, August 27th. The stock was sold at an average price of $225.03, for a total value of $2,595,946.08. Following the sale, the executive vice president now directly owns 26,193 shares of the company’s stock, valued at approximately $5,894,210.79. The disclosure for this sale can be found here. In the last quarter, insiders have sold 217,496 shares of company stock worth $48,541,441. 1.05% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently modified their holdings of the company. Solstein Capital LLC acquired a new stake in shares of Ecolab in the first quarter valued at $28,000. Strategic Blueprint LLC acquired a new stake in shares of Ecolab in the second quarter valued at $31,000. Concord Wealth Partners grew its stake in shares of Ecolab by 71.4% in the first quarter. Concord Wealth Partners now owns 156 shares of the basic materials company’s stock valued at $33,000 after buying an additional 65 shares in the last quarter. West Branch Capital LLC acquired a new stake in shares of Ecolab in the second quarter valued at $35,000. Finally, Kistler Tiffany Companies LLC grew its stake in shares of Ecolab by 89.5% in the first quarter. Kistler Tiffany Companies LLC now owns 180 shares of the basic materials company’s stock valued at $39,000 after buying an additional 85 shares in the last quarter. 72.29% of the stock is owned by institutional investors and hedge funds.

About Ecolab

Ecolab, Inc engages in the provision of products and services in the field of water, hygiene, and energy. It operates through the following segments: Global Industrial, Global Institutional & Specialty, Global Energy & Life Science, and Other. The Global Industrial segment consists of the water, food and beverage, paper, and downstream operating segments.

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Earnings History and Estimates for Ecolab (NYSE:ECL)

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