Press coverage about Ecolab (NYSE:ECL) has trended somewhat positive this week, Accern reports. The research group identifies positive and negative news coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Ecolab earned a media sentiment score of 0.15 on Accern’s scale. Accern also gave press coverage about the basic materials company an impact score of 46.1045024583582 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
These are some of the news stories that may have effected Accern Sentiment Analysis’s scoring:
- Ecolab (ECL) to Divest Equipment Care Segment, Shares Fall – Nasdaq (nasdaq.com)
- Ecolab’s (ECL) Hold Rating Reaffirmed at Robert W. Baird (americanbankingnews.com)
- Audax to buy Ecolab’s equipment care business (pehub.com)
- Ecolab (ECL) to Sell Equipment Care Business to Audax (streetinsider.com)
- Ecolab Agrees to Sell Equipment Care Business to Audax (finance.yahoo.com)
Shares of Ecolab (NYSE ECL) traded up 1.03% on Thursday, reaching $133.91. The firm’s 50 day moving average price is $131.11 and its 200 day moving average price is $130.25. The company has a market cap of $38.75 billion, a P/E ratio of 30.61 and a beta of 0.98. Ecolab has a 52 week low of $110.65 and a 52 week high of $134.89.
Ecolab (NYSE:ECL) last announced its quarterly earnings results on Tuesday, August 1st. The basic materials company reported $1.13 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.12 by $0.01. Ecolab had a net margin of 9.66% and a return on equity of 18.93%. The firm had revenue of $3.46 billion during the quarter, compared to the consensus estimate of $3.40 billion. During the same period last year, the firm earned $1.08 EPS. The business’s quarterly revenue was up 4.4% compared to the same quarter last year. On average, equities research analysts predict that Ecolab will post $4.73 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Tuesday, September 19th will be issued a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 1.11%. The ex-dividend date of this dividend is Monday, September 18th. Ecolab’s payout ratio is 33.79%.
A number of equities research analysts have recently weighed in on ECL shares. Zacks Investment Research downgraded shares of Ecolab from a “buy” rating to a “hold” rating in a research report on Thursday, July 27th. Royal Bank Of Canada lifted their price target on shares of Ecolab from $134.00 to $137.00 and gave the company an “outperform” rating in a research report on Tuesday, September 12th. Credit Suisse Group reiterated a “hold” rating on shares of Ecolab in a research report on Wednesday, September 6th. Morgan Stanley started coverage on shares of Ecolab in a research report on Tuesday, August 15th. They issued an “equal weight” rating and a $140.00 price target for the company. Finally, Deutsche Bank AG lifted their price target on shares of Ecolab from $132.00 to $134.00 and gave the company a “hold” rating in a research report on Wednesday, August 2nd. Two analysts have rated the stock with a sell rating, nine have given a hold rating and seven have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $134.21.
In related news, major shareholder William H. Gates III acquired 75,500 shares of the stock in a transaction dated Thursday, August 3rd. The shares were purchased at an average price of $132.57 per share, for a total transaction of $10,009,035.00. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Thomas W. Handley sold 7,397 shares of the firm’s stock in a transaction on Thursday, September 14th. The shares were sold at an average price of $130.63, for a total transaction of $966,270.11. The disclosure for this sale can be found here. 1.49% of the stock is owned by company insiders.
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.
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