FY2024 EPS Estimates for Ecolab Increased by Seaport Res Ptn

Ecolab Inc. (NYSE:ECL) – Equities researchers at Seaport Res Ptn lifted their FY2024 EPS estimates for Ecolab in a report released on Tuesday, October 29th. Seaport Res Ptn analyst M. Harrison now anticipates that the basic materials company will post earnings of $6.65 per share for the year, up from their prior estimate of $6.57. The consensus estimate for Ecolab’s current full-year earnings is $6.65 per share. Seaport Res Ptn also issued estimates for Ecolab’s Q1 2025 earnings at $1.54 EPS, Q2 2025 earnings at $1.95 EPS, Q3 2025 earnings at $2.07 EPS, FY2025 earnings at $7.61 EPS and FY2026 earnings at $8.62 EPS.

Other research analysts have also issued research reports about the company. JPMorgan Chase & Co. lifted their price target on Ecolab from $228.00 to $255.00 and gave the stock a “neutral” rating in a report on Wednesday. Jefferies Financial Group upgraded shares of Ecolab from a “hold” rating to a “buy” rating and raised their target price for the stock from $235.00 to $310.00 in a research report on Friday, October 18th. Robert W. Baird boosted their target price on shares of Ecolab from $271.00 to $279.00 and gave the stock a “neutral” rating in a research report on Wednesday. Royal Bank of Canada restated an “outperform” rating and issued a $306.00 target price on shares of Ecolab in a report on Wednesday. Finally, Bank of America raised shares of Ecolab from a “neutral” rating to a “buy” rating and raised their target price for the company from $251.00 to $272.00 in a research note on Wednesday, July 31st. Seven research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, Ecolab currently has a consensus rating of “Moderate Buy” and an average target price of $277.20.

Ecolab Trading Down 0.5 %

Shares of Ecolab stock opened at $252.60 on Thursday. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.10 and a current ratio of 1.50. The firm has a 50-day simple moving average of $252.70 and a two-hundred day simple moving average of $241.58. The company has a market cap of $71.87 billion, a P/E ratio of 42.38, a price-to-earnings-growth ratio of 2.61 and a beta of 1.13. Ecolab has a fifty-two week low of $159.15 and a fifty-two week high of $262.61.

Ecolab (NYSE:ECL) last announced its quarterly earnings data on Tuesday, July 30th. The basic materials company reported $1.68 EPS for the quarter, beating the consensus estimate of $1.67 by $0.01. The firm had revenue of $3.99 billion during the quarter, compared to analyst estimates of $4.03 billion. Ecolab had a net margin of 10.95% and a return on equity of 21.65%. Ecolab’s revenue was up 3.5% on a year-over-year basis. During the same period last year, the firm posted $1.24 EPS.

Insider Buying and Selling

In other news, EVP Gregory B. Cook sold 3,811 shares of the stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $249.33, for a total value of $950,196.63. Following the transaction, the executive vice president now owns 8,080 shares of the company’s stock, valued at $2,014,586.40. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, EVP Gregory B. Cook sold 3,811 shares of the company’s stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $249.33, for a total transaction of $950,196.63. Following the completion of the transaction, the executive vice president now directly owns 8,080 shares of the company’s stock, valued at approximately $2,014,586.40. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director David Maclennan bought 650 shares of the firm’s stock in a transaction dated Friday, August 2nd. The stock was purchased at an average cost of $240.41 per share, with a total value of $156,266.50. Following the transaction, the director now directly owns 17,967 shares in the company, valued at approximately $4,319,446.47. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. 0.50% of the stock is owned by insiders.

Hedge Funds Weigh In On Ecolab

A number of institutional investors and hedge funds have recently modified their holdings of the company. Triad Wealth Partners LLC purchased a new position in shares of Ecolab during the 2nd quarter worth $26,000. PSI Advisors LLC bought a new position in shares of Ecolab during the second quarter worth $27,000. Kings Path Partners LLC purchased a new position in shares of Ecolab during the second quarter valued at about $27,000. LRI Investments LLC bought a new stake in Ecolab in the 1st quarter worth approximately $31,000. Finally, Meeder Asset Management Inc. bought a new stake in Ecolab in the second quarter worth $33,000. 74.91% of the stock is currently owned by hedge funds and other institutional investors.

Ecolab Company Profile

Ecolab Inc provides water, hygiene, and infection prevention solutions and services in the United States and internationally. The company operates through three segments: Global Industrial; Global Institutional & Specialty; and Global Healthcare & Life Sciences. 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.