FY2024 EPS Estimates for Ecolab Raised by Seaport Res Ptn

Ecolab Inc. (NYSE:ECL) – Equities researchers at Seaport Res Ptn upped their FY2024 earnings per share (EPS) estimates for Ecolab in a research note issued to investors 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 previous forecast 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 recently issued research reports about the company. Jefferies Financial Group raised Ecolab from a “hold” rating to a “buy” rating and upped their target price for the company from $235.00 to $310.00 in a research note on Friday, October 18th. Royal Bank of Canada reiterated an “outperform” rating and issued a $306.00 price target on shares of Ecolab in a report on Wednesday. Morgan Stanley boosted their price target on Ecolab from $240.00 to $263.00 and gave the company an “equal weight” rating in a report on Wednesday. Robert W. Baird boosted their price target on Ecolab from $271.00 to $279.00 and gave the company a “neutral” rating in a report on Wednesday. Finally, BMO Capital Markets boosted their price target on Ecolab from $260.00 to $279.00 and gave the company a “market perform” rating in a report on Wednesday. Seven investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $277.20.

Ecolab Trading Down 2.7 %

ECL opened at $245.70 on Thursday. The stock has a market cap of $69.91 billion, a price-to-earnings ratio of 41.22, a P/E/G ratio of 2.61 and a beta of 1.13. The stock’s 50 day moving average price is $252.69 and its 200-day moving average price is $241.61. Ecolab has a one year low of $159.15 and a one year high of $262.61. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.10 and a current ratio of 1.50.

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

Insiders Place Their Bets

In other news, Director Victoria Reich sold 393 shares of the stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $250.00, for a total transaction of $98,250.00. Following the completion of the sale, the director now owns 24,041 shares in the company, valued at approximately $6,010,250. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, Director Victoria Reich sold 393 shares of the stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $250.00, for a total transaction of $98,250.00. Following the completion of the sale, the director now owns 24,041 shares in the company, valued at approximately $6,010,250. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, 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 sale, the executive vice president now owns 8,080 shares of the company’s stock, valued at approximately $2,014,586.40. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.50% of the stock is owned by company insiders.

Hedge Funds Weigh In On Ecolab

Hedge funds have recently made changes to their positions in the company. Cetera Advisors LLC increased its position in shares of Ecolab by 84.3% in the 1st quarter. Cetera Advisors LLC now owns 13,415 shares of the basic materials company’s stock valued at $3,098,000 after acquiring an additional 6,137 shares during the period. GAMMA Investing LLC increased its position in shares of Ecolab by 50.9% in the 2nd quarter. GAMMA Investing LLC now owns 4,922 shares of the basic materials company’s stock valued at $1,171,000 after acquiring an additional 1,660 shares during the period. Tidal Investments LLC increased its position in shares of Ecolab by 19.1% in the 1st quarter. Tidal Investments LLC now owns 21,198 shares of the basic materials company’s stock valued at $4,895,000 after acquiring an additional 3,393 shares during the period. Koshinski Asset Management Inc. acquired a new stake in Ecolab during the 1st quarter worth about $1,194,000. Finally, DekaBank Deutsche Girozentrale grew its position in Ecolab by 9.6% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 283,748 shares of the basic materials company’s stock worth $65,653,000 after purchasing an additional 24,910 shares during the period. 74.91% of the stock is owned by institutional investors and hedge funds.

About Ecolab

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.