Ecolab Inc. (NYSE:ECL) – Investment analysts at Seaport Global Securities reduced their FY2017 earnings estimates for Ecolab in a research report issued to clients and investors on Monday. Seaport Global Securities analyst M. Harrison now forecasts that the basic materials company will earn $4.70 per share for the year, down from their previous forecast of $4.74. Seaport Global Securities also issued estimates for Ecolab’s Q4 2017 earnings at $1.40 EPS, Q1 2018 earnings at $0.93 EPS, Q2 2018 earnings at $1.29 EPS and FY2018 earnings at $5.20 EPS.

Ecolab (NYSE:ECL) last issued its quarterly earnings results on Tuesday, October 31st. The basic materials company reported $1.37 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.36 by $0.01. Ecolab had a return on equity of 19.05% and a net margin of 9.67%. The firm had revenue of $3.56 billion during the quarter, compared to analysts’ expectations of $3.55 billion. During the same period in the previous year, the business earned $1.28 earnings per share. The firm’s revenue for the quarter was up 5.2% on a year-over-year basis.

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Other analysts have also recently issued reports about the company. Canaccord Genuity upped their target price on Ecolab from $135.00 to $145.00 and gave the company a “buy” rating in a report on Friday, July 28th. BidaskClub raised Ecolab from a “strong sell” rating to a “sell” rating in a research note on Wednesday, August 23rd. Jefferies Group LLC reaffirmed a “hold” rating and issued a $130.00 price target on shares of Ecolab in a research note on Wednesday, August 16th. 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 note on Tuesday, August 8th. Finally, Barclays PLC upped their price target on Ecolab from $135.00 to $145.00 and gave the company an “overweight” rating in a research note on Wednesday, November 1st. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and seven have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $136.86.

Shares of Ecolab (NYSE ECL) traded down $0.27 on Wednesday, hitting $131.72. The company had a trading volume of 332,090 shares, compared to its average volume of 930,012. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.23 and a quick ratio of 0.83. Ecolab has a 52-week low of $114.09 and a 52-week high of $134.89. The stock has a market capitalization of $37,870.00, a PE ratio of 28.62, a price-to-earnings-growth ratio of 2.17 and a beta of 1.04.

In other news, insider Thomas W. Handley sold 7,397 shares of the firm’s stock in a transaction that occurred on Thursday, September 14th. The stock was sold at an average price of $130.63, for a total value of $966,270.11. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director David Maclennan purchased 450 shares of Ecolab stock in a transaction dated Monday, November 6th. The stock was acquired at an average cost of $131.77 per share, with a total value of $59,296.50. Following the completion of the acquisition, the director now directly owns 1,514 shares in the company, valued at $199,499.78. The disclosure for this purchase can be found here. 1.49% of the stock is currently owned by company insiders.

Hedge funds have recently modified their holdings of the stock. TCI Wealth Advisors Inc. raised its holdings in Ecolab by 4.8% during the second quarter. TCI Wealth Advisors Inc. now owns 763 shares of the basic materials company’s stock worth $101,000 after purchasing an additional 35 shares during the last quarter. Atlantic Trust LLC purchased a new position in Ecolab during the second quarter worth $106,000. IHT Wealth Management LLC increased its position in Ecolab by 4.9% during the second quarter. IHT Wealth Management LLC now owns 811 shares of the basic materials company’s stock worth $116,000 after buying an additional 38 shares in the last quarter. Harfst & Associates Inc. purchased a new position in Ecolab during the first quarter worth $117,000. Finally, Atwood & Palmer Inc. increased its position in Ecolab by 2.9% during the second quarter. Atwood & Palmer Inc. now owns 892 shares of the basic materials company’s stock worth $118,000 after buying an additional 25 shares in the last quarter. 75.70% of the stock is owned by hedge funds and other institutional investors.

About Ecolab

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.

Earnings History and Estimates for Ecolab (NYSE:ECL)

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