Ecolab Inc. (ECL) Issues Q3 Earnings Guidance

Bruno Cirelli
Agosto 13, 2017

DnB Asset Management AS raised its stake in shares of Ecolab by 14.4% in the first quarter. (NYSE:ECL) by 0.9% during the second quarter, Holdings Channel reports. The fund owned 22,681 shares of the basic materials company's stock after buying an additional 19 shares during the period. NC's holdings in Ecolab were worth $272,000 at the end of the most recent quarter.

A number of brokerages have recently weighed in on ECL. FUKOKU MUTUAL LIFE INSURANCE Co increased its position in Ecolab by 60.0% in the first quarter. BNP Paribas Arbitrage SA now owns 191,189 shares of the basic materials company's stock valued at $23,964,000 after buying an additional 139,434 shares during the last quarter. JNBA Financial Advisors boosted its position in Ecolab by 2.5% in the first quarter. Following the completion of the transaction, the senior vice president now directly owns 8,922 shares of the company's stock, valued at $1,191,265.44.

Chesley Taft & Associates LLC increased its stake in Ecolab Inc.

Guardian Life Insurance Co. of America increased its position in Ecolab Inc. Washington Trust Bank now owns 4,096 shares of the basic materials company's stock worth $513,000 after buying an additional 1,800 shares during the last quarter. Finally, State of Alaska Department of Revenue acquired a new stake in Ecolab during the first quarter worth $134,000. (NYSE:ECL). Bryn Mawr Tru Company owns 0.07% invested in Ecolab Inc. (NYSE ECL) traded down 0.32% during trading on Friday, hitting $129.81. However, most financial instruments are traded after hours, which means that the the closing price of a stock might not match the after-hours price. The firm has a market capitalization of $37.56 billion, a PE ratio of 29.68 and a beta of 0.98. The stock has a 50-day moving average price of $132.62 and a 200 day moving average price of $127.25.

Kornitzer Capital Management Inc increased Ecolab Inc (ECL) stake by 7.68% reported in 2016Q4 SEC filing.

Ecolab (NYSE:ECL) last announced its quarterly earnings results on Tuesday, August 1st. The basic materials company reported $1.13 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $1.12 by $0.01. Ecolab had a return on equity of 18.93% and a net margin of 9.66%. The company had revenue of $3.46 billion during the quarter, compared to analysts' expectations of $3.40 billion. During the same period in the previous year, the firm posted $1.08 EPS. (NYSE:ECL) are -0.41%; 0.36% for the month; 4.5% for the last quarter; 9.99% for the past six-months; and 7.79% for the last 12 months. On average, equities analysts anticipate that Ecolab Inc. will post $4.80 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Tuesday, September 19th will be issued a dividend of $0.37 per share. The ex-dividend date of this dividend is Monday, September 18th. The dividend payment will be $0.370 per share for the quarter or $1.48 on an annualized basis. Ecolab's payout ratio is 33.79%. Moreover, Shelter Mutual Ins has 1.87% invested in Ecolab Inc. LEVIN JERRY W also sold $93,121 worth of Ecolab Inc. "(ECL)" was published by Stock Observer and is the sole property of of Stock Observer. If you are viewing this news story on another domain, it was copied illegally and reposted in violation of USA and global copyright legislation. The original version of this piece of content can be viewed at https://www.thecerbatgem.com/2017/08/12/franklin-street-advisors-inc-nc-reduces-position-in-ecolab-inc-ecl.html.

ECL has been the topic of several research analyst reports. Canaccord Genuity restated a "buy" rating and issued a $135.00 price target on shares of Ecolab in a report on Monday, May 1st. UBS AG reaffirmed a "buy" rating and issued a $147.00 target price (up from $144.00) on shares of Ecolab in a research report on Wednesday, August 2nd. J P Morgan Chase & Co raised 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 report on Friday, May 26th. Oppenheimer Holdings, Inc. reissued an "outperform" rating and issued a $141.00 price objective (up from $133.00) on shares of Ecolab in a research note on Friday, June 2nd. Finally, Credit Suisse Group set a $128.00 price target on shares of Ecolab and gave the company a "hold" rating in a report on Thursday, August 3rd. Eight equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. The company now has an average rating of "Buy" and a consensus price target of $133.43.

In other news, major shareholder William H. Gates III purchased 75,500 shares of the firm's stock in a transaction that occurred on Thursday, August 3rd. LAVANDIER BRUNO had sold 1,000 shares worth $133,522. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Beck Christophe also sold $884,565 worth of Ecolab Inc. The stock was sold at an average price of $133.52, for a total value of $133,520.00. The disclosure for this sale can be found here. The Loring Wolcott & Coolidge Fiduciary Advisors Llp holds 470,001 shares with $55.09M value, up from 467,375 last quarter. Deutsche Bank maintained Ecolab Inc. The Company's cleaning and sanitizing programs and products, pest elimination services and equipment maintenance and fix 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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