Brokers Set Expectations for Ecolab Inc.'s Q3 2018 Earnings (NYSE:ECL)

Marco Green
March 13, 2018

Coe Capital Management Llc sold 15,335 shares as the company's stock rose 34.13% with the market.

The stock increased 1.70% or $0.32 during the last trading session, reaching $19.1. During the same quarter in the previous year, the company posted $1.25 earnings per share. equities research analysts expect that Ecolab will post 5.35 earnings per share for the current fiscal year. Calamos Convertible and High Income Fund (NASDAQ:CHY) has risen 12.62% since March 11, 2017 and is uptrending. It has outperformed by 46.10% the S&P500. Zevenbergen Capital Investments LLC increased its stake in shares of Ecolab by 10.7% during the third quarter.

In other Ecolab news, major shareholder William H. Gates III bought 442,519 shares of the firm's stock in a transaction that occurred on Friday, March 9th. Compass Capital Management Inc who had been investing in Ecolab Inc for a number of months, seems to be bullish on the $38.97B market cap company.

Shares of Ecolab (NYSE ECL) traded up $0.57 during midday trading on Friday, reaching $134.91. About 2.14 million shares traded or 59.93% up from the average.

News articles about Ecolab (NYSE:ECL) have trended somewhat positive on Sunday, according to Accern. It has underperformed by 7.29% the S&P500.

Investors sentiment decreased to 0.76 in Q3 2017. Its up 0.25, from 0.94 in 2017Q2.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in ECL. 54 funds opened positions while 136 raised stakes. The basic materials company reported $1.39 earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $1.40 by ($0.01). Point72 Asia (Hong Kong) Ltd holds 0% of its portfolio in Ecolab Inc. (NYSE:ECL). Cap Counsel Lc Ny reported 4.62% in Ecolab Inc. The Georgia-based Vident Investment Advisory Llc has invested 1.32% in the stock. (NYSE:ECL). Martingale Asset Limited Partnership, a Massachusetts-based fund reported 41,420 shares. Pictet Asset Mngmt reported 185,030 shares stake. Ally Fin Incorporated, a Michigan-based fund reported 5,000 shares. City Holdg holds 55 shares or 0% of its portfolio. Bridges Inv has 40,383 shares for 0.67% of their portfolio. (NYSE:ECL). Hemenway Tru Ltd stated it has 8,520 shares or 0.23% of all its holdings. The firm owned 501,046 shares of the basic materials company's stock after purchasing an additional 2,991 shares during the period. Ecolab earned a news sentiment score of 0.14 on Accern's scale. (NYSE:ECL) were released by: Benzinga.com and their article: "Benzinga's Insider Buys Of The Week: Ecolab, Mondelez, Transocean And More" published on March 12, 2018 as well as Streetinsider.com's news article titled: "Ecolab Inc". (NYSE:ECL) or 3,770 shares. One research analyst has rated the stock with a sell rating, nine have given a hold rating and nine have assigned a buy rating to the stock. Therefore 50% are positive. Ecolab had 63 analyst reports since July 30, 2015 according to SRatingsIntel. As per Tuesday, November 3, the company rating was maintained by Oppenheimer. Sidoti downgraded the stock to "Neutral" rating in Monday, August 29 report. RBC Capital Markets maintained CareTrust REIT, Inc. The rating was maintained by Canaccord Genuity on Wednesday, August 2 with "Buy". KeyBanc Capital Markets maintained CareTrust REIT, Inc. (NYSE:ECL) rating on Friday, July 15. Citigroup has "Neutral" rating and $127 target. Barclays Capital maintained Ecolab Inc. (NYSE:ECL) rating on Wednesday, August 2. (NYSE:ECL) on Thursday, September 14. RBC Capital Markets has "Hold" rating and $57.0 target. (NYSE:ECL) rating on Wednesday, August 2. Zacks Investment Research upgraded Ecolab from a "hold" rating to a "buy" rating and set a $155.00 price objective on the stock in a report on Monday, January 29th.

Since September 14, 2017, it had 0 insider purchases, and 1 sale for $966,233 activity.

Since February 12, 2018, it had 0 insider purchases, and 7 insider sales for $3.57 million activity. $4.89M worth of Best Buy Co., Inc. (NYSE:ECL) for 71,276 shares. Shares for $94,619 were sold by Freeman Angela K. Biesterfeld Robert C Jr also sold $662,240 worth of C.H. Robinson Worldwide, Inc. Out of 2 Wall Street analysts rating Lydall, 1 give it "Buy", 0 "Sell" rating, while 1 recommend "Hold". Jefferies maintained RingCentral, Inc. The firm has "Buy" rating by Canaccord Genuity given on Monday, August 15. Jefferies has "Buy" rating and $3800 target. (NASDAQ:CTRE) on Friday, October 27 with "Buy" rating. The stock of RingCentral, Inc. Finally, Stifel Nicolaus lifted their price objective on Ecolab from $140.00 to $153.00 and gave the stock a "hold" rating in a report on Wednesday, January 24th. The rating was maintained by UBS on Wednesday, August 26 with "Neutral". The company was maintained on Tuesday, October 31 by Robert W. Baird. The company has a quick ratio of 0.92, a current ratio of 1.34 and a debt-to-equity ratio of 0.88. It fall, as 18 investors sold RNG shares while 62 reduced holdings. 26 funds opened positions while 53 raised stakes. Arcadia Mngmt Mi has invested 2.1% of its portfolio in Ecolab Inc. (NYSE:RNG). Credit Suisse Ag accumulated 67,460 shares. It also reduced Torchmark Corp (NYSE:TMK) stake by 22,700 shares and now owns 21,700 shares. (NYSE:BBY). Los Angeles Mngmt & Equity Research reported 587,837 shares. Carroll Assocs holds 327 shares or 0% of its portfolio. 1,504 were accumulated by Us Commercial Bank De. Everett Harris And Ca holds 0.35% or 90,343 shares in its portfolio. Lord Abbett And Com Limited Com invested in 0.08% or 639,850 shares. Following the completion of the transaction, the senior vice president now owns 7,615 shares in the company, valued at $1,026,273.55. 32,100 were reported by Strs Ohio.

Other reports by Click Lancashire

Discuss This Article

FOLLOW OUR NEWSPAPER