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ECL $238.29

ECL target price
238.29
0
190
Ecolab Inc.
Formerly called
Economics Laboratory
Type
Public
Traded as NYSE: ECL
S&P 500 Component
Industry Conglomerate
Founded 1923 (1923)
Founder Merritt J. Osborn
Headquarters St. Paul, Minnesota, United States
Key people
Douglas M. Baker Jr. (Chairman and CEO)
Revenue
  • IncreaseUS$14.2 billion (2014)
  • US$13.3 billion (2013)
Operating income
  • IncreaseUS$2.0 billion (2014)
  • US$1.6 billion (2013)
Net income
  • IncreaseUS$1.2 billion (2013)
  • US$968 million (2013)
Number of employees
47,000 (2014)
Website ecolab.com
Footnotes / references

Ecolab Inc., headquartered in St. Paul, Minnesota, is an American global provider of water, hygiene and energy technologies and services to the food, energy, healthcare, industrial and hospitality markets. It was founded as Economics Laboratory in 1923 by Merritt J. Osborn, and renamed "Ecolab" in 1986.

Merritt J. "M.J." Osborn founded Economics Laboratory in 1923 with the tagline "Saving time, lightening labor and reducing costs to those we serve." The company's original product was Absorbit, a product designed to quickly clean carpets in hotel rooms. This was soon followed by Soilax, a dishwasher soap. During the 1930s, the company expanded throughout the United States and sales reached US$5.4 million by the end of 1940s. It acquired the Magnus Company in the early 1950s, which gave the company access to Magnus's industrial specialty businesses - including pulp and paper, metalworking, transportation, and petrochemical processing.

In the 1950s, international expansion of Economics Laboratory started, with the establishment of its first overseas subsidiary in Sweden in 1956. It became a publicly traded corporation in 1957, and continued to expand during the 1960s and 1970s. In 1979, it acquired Apollo Technologies, but in 1983 the acquired Apollo subsidiary was shut down.

In 1986 the company changed its name from Economics Laboratory to Ecolab Inc.

In 1987, Ecolab purchased the lawncare servicer provider ChemLawn for US$376 million. It sold the acquisition in 1992 to ServiceMaster for US$103 million as it couldn't turn ChemLawn into a profitable business. Ecolab and the German fast-moving consumer goods firm Henkel KGaA formed a 50:50 European joint venture called 'Henkel-Ecolab' in mid-1991 to expand into European/Russian markets.

Ecolab would continue to acquire companies in the 1990s, namely Kay Chemical (1993), Australia-based Gibson Chemical Industries Ltd (1997), and GCS Service Inc (1998). In 2001 it bought out its partner Henkel's 50% stake in the European joint venture, Henkel-Ecolab. Ecolab integrated the former Henkel-Ecolab into its existing global operations. As a legacy of the Henkel-Ecolab cooperation from 1991–2001, Henkel continued to hold a 29.5% stake in Ecolab Inc. after the sale of the joint venture.

In the mid-2000s, strategic acquisitions continued, and Ecolab diversified its portfolio of customer offerings by venturing into the food safety management business as well as a healthcare business unit. In 2005, it opened a new global research, development, and engineering center in Eagan, Minnesota.

In 2008, Henkel sold all of the 73 million shares, i.e., nearly a 29.5% stake it held in Ecolab, ending the two-decade-long partnership. The same year, Ecolab established Zurich as its Europe, the Middle East and Africa headquarters.

In 2010, Ecolab was ranked #365 in Fortune 500 magazine, and in 2011 Ecolab was named one of the "World's Most Ethical Companies" by the Ethisphere Institute.

In July 2011, Ecolab announced a merger with Nalco Holding Company, Inc., and in December 2011 Nalco became a wholly owned subsidiary of Ecolab Inc. after it completed its US$5.4 billion acquisition.

In May 2012, Microsoft co-founder Bill Gates, through his investment vehicles—Cascade Investment and the Bill & Melinda Gates Foundation—increased his stake of 10.8% in Ecolab to 25%.

In October 2012, Ecolab entered an agreement to acquire Champion Technologies. That purchase closed in April 2013.

In November 2015, for $40.5 million Ecolab acquired the U.S. operations of Charlotte, N.C.-based Swisher Hygiene which provides hygiene and sanitizing solutions for the foodservice, hospitality, retail and healthcare markets.

In July 2016, Ecolab made a minority equity investment in Aquatech International, LLC of an undisclosed amount.

Ecolab employs approximately 47,000 people, and operates in more than 170 countries. It is organized in the following geographical divisions:

Ecolab provides water, hygiene and energy technologies and services to the food, energy, healthcare, industrial and hospitality markets.

The company's food safety services provide consulting to restaurants, hospitals, food retailers and food & beverage manufacturing facilities. It is also a supplier of chemicals used by beef and poultry processors - to reduce pathogens, such as E. coli and salmonella - in uncooked beef and poultry.

Q reports

Period Date Adjusted Actuals EPS GAAP EPS
Q4 2022 2023-02-14 Future report Set alerts
Q3 2022 2022-11-01 1.30 1.30
Q2 2022 2022-07-26 1.10 1.10
Q1 2022 2022-04-26 0.82 0.82
Q4 2021 2022-02-15 1.28 1.28
Q3 2021 2021-10-26 1.41 1.41
Q2 2021 2021-07-27 1.22 1.22
Q1 2021 2021-04-27 0.81 0.81
Q4 2020 2021-02-16 1.23 1.23
Q3 2020 2020-10-27 1.15 1.15

Ratings

2016-07-06 Reiterated Rating Jefferies Group Hold
2016-07-01 Reiterated Rating Barclays Overweight $120.00
2016-07-01 Reiterated Rating Barclays PLC Overweight $120.00
2016-06-30 Reiterated Rating Nomura Sell
2016-06-30 Reiterated Rating Nomura Holdings Inc. Sell
2016-06-22 Reiterated Rating Canaccord Genuity Buy
2016-06-01 Lower Price Target Stifel Nicolaus Buy $129.00 to $123.00
2016-05-24 Reiterated Rating Canaccord Genuity Buy $120.00 to $126.00
2016-05-04 Reiterated Rating Canaccord Genuity Buy
2016-05-04 Reiterated Rating Oppenheimer Buy $120.00
2016-05-04 Reiterated Rating Oppenheimer Holdings Inc. Buy $120.00
2016-04-21 Initiated Coverage Nomura Reduce $97.00
2016-04-19 Initiated Coverage Nomura Reduce $97.00
2016-04-18 Boost Price Target Citigroup Inc. Neutral $102.00 to $117.00
2016-04-09 Reiterated Rating Bank of America Buy
2016-04-09 Reiterated Rating Bank of America Corp. Buy
2016-03-24 Initiated Coverage Credit Suisse Neutral $107.00 to $109.00
2016-03-24 Initiated Coverage Credit Suisse Group AG Neutral $107.00 to $109.00
2016-03-22 Initiated Coverage Sterne Agee CRT Buy $136.00
2016-03-14 Downgrade Goldman Sachs Neutral to Sell
2016-03-14 Downgrade Goldman Sachs Group Inc. Neutral to Sell
2016-02-26 Lower Price Target Jefferies Group $120.00 to $115.00
2016-02-25 Lower Price Target RBC Capital Outperform $124.00 to $118.00
2016-02-25 Lower Price Target Royal Bank Of Canada Outperform $124.00 to $118.00
2016-02-24 Lower Price Target Credit Suisse Neutral $115.00 to $107.00
2016-02-24 Lower Price Target Stifel Nicolaus Buy $123.00 to $120.00
2016-02-24 Reiterated Rating Barclays Overweight $130.00 to $120.00
2016-02-24 Reiterated Rating Deutsche Bank Hold $116.00 to $110.00
2016-02-24 Reiterated Rating Deutsche Bank AG Hold $116.00 to $110.00
2016-02-22 Reiterated Rating Canaccord Genuity Buy $128.00 to $120.00
2016-02-19 Lower Price Target RBC Capital Outperform $127.00 to $124.00
2016-01-19 Lower Price Target Oppenheimer Outperform $126.00 to $115.00
2016-01-07 Reiterated Rating Deutsche Bank Hold $125.00 to $116.00
2016-01-07 Reiterated Rating Jefferies Group Hold $124.00 to $120.00
2016-01-06 Lower Price Target Stifel Nicolaus Buy $129.00 to $123.00
2016-01-05 Boost Price Target Citigroup Inc. $119.00 to $123.00
2015-12-11 Reiterated Rating Jefferies Group Hold $124.00
2015-11-30 Reiterated Rating William Blair Buy
2015-11-05 Reiterated Rating Longbow Research Buy $135.00
2015-11-03 Boost Price Target Piper Jaffray Overweight $135.00 to $137.00
2015-11-03 Reiterated Rating Canaccord Genuity Buy $128.00
2015-11-03 Boost Price Target Oppenheimer Outperform $124.00 to $126.00
2015-11-03 Boost Price Target Piper Jaffray Cos. Overweight $135.00 to $137.00
2015-10-28 Boost Price Target Barclays Overweight $126.00 to $130.00
2015-10-19 Downgrade Deutsche Bank Buy to Hold $125.00 to $125.00
2015-10-09 Downgrade JPMorgan Chase & Co. Overweight to Neutral $120.00
2015-09-23 Reiterated Rating Jefferies Group Hold $124.00
2015-09-14 Lower Price Target Deutsche Bank Buy $130.00 to $125.00
2015-09-11 Reiterated Rating Piper Jaffray Buy $135.00
2015-09-11 Reiterated Rating William Blair Buy
2015-09-11 Reiterated Rating Canaccord Genuity Buy $128.00
2015-08-11 Reiterated Rating Deutsche Bank Buy $125.00 to $130.00
2015-07-30 Reiterated Rating Canaccord Genuity Buy $128.00
2015-07-29 Lower Price Target Stifel Nicolaus Buy $132.00 to $129.00
2015-07-29 Reiterated Rating Oppenheimer Outperform $124.00
2015-06-15 Set Price Target Longbow Research Buy $130.00
2015-06-12 Reiterated Rating Piper Jaffray Overweight $135.00
2015-06-04 Initiated Coverage Global Hunter Securities Neutral $122.00
2015-06-04 Initiated Coverage Seaport Global Securities Neutral $122.00
2015-02-25 Reiterated Rating Citigroup Inc. Hold $109.00 to $114.00
2015-02-25 Reiterated Rating Deutsche Bank Buy $125.00 to $124.00
2015-02-25 Boost Price Target Canaccord Genuity Buy $120.00 to $128.00
2015-02-25 Reiterated Rating Oppenheimer Outperform $124.00 to $129.00
2015-02-25 Boost Price Target Stifel Nicolaus Buy $123.00 to $132.00
2015-01-29 Downgrade Scotiabank Sector Perform
2015-01-15 Lower Price Target Jefferies Group Hold $120.00 to $115.00
2015-01-13 Lower Price Target Citigroup Inc. Neutral $113.00 to $109.00
2015-01-09 Lower Price Target Barclays Overweight $124.00 to $120.00
2014-12-01 Downgrade Jefferies Group Buy to Hold $128.00 to $120.00
2014-10-29 Reiterated Rating JPMorgan Chase & Co. Overweight $118.00 to $115.00
2014-10-29 Reiterated Rating Deutsche Bank Buy $124.00 to $122.00
2014-10-20 Reiterated Rating Barclays Overweight $120.00 to $124.00
2014-09-22 Initiated Coverage Argus Buy $134.00
2014-09-12 Reiterated Rating Bank of America Buy $124.00 to $129.00
2014-07-31 Upgrade JPMorgan Chase & Co. Neutral to Overweight $105.00 to $118.00
2014-07-30 Reiterated Rating Deutsche Bank Buy $120.00 to $122.00
2014-07-30 Reiterated Rating Longbow Research Buy $125.00 to $130.00
2014-07-30 Reiterated Rating Citigroup Inc. Neutral $109.00 to $110.00
2014-07-09 Boost Price Target Jefferies Group Buy $123.00 to $128.00
2014-06-03 Boost Price Target Oppenheimer Outperform $113.00 to $129.00
2014-05-27 Upgrade Scotiabank Sector Outperform
2014-04-09 Boost Price Target Citigroup Inc. Neutral $104.00 to $109.00
2014-03-12 Boost Price Target RBC Capital Outperform $121.00 to $125.00
2014-02-24 Reiterated Rating Deutsche Bank Buy $116.00 to $120.00
2014-01-10 Initiated Coverage RBC Capital Outperform
2014-01-06 Downgrade Credit Suisse Outperform to Neutral $100.00 to $112.00
2013-11-01 Boost Price Target Jefferies Group Buy $115.00 to $123.00
2013-10-30 Boost Price Target RBC Capital Outperform $105.00 to $111.00
2013-10-30 Boost Price Target Oppenheimer Outperform $105.00 to $113.00
2013-10-30 Boost Price Target Canaccord Genuity Buy $110.00 to $120.00
2013-10-30 Boost Price Target Barclays Overweight $105.00 to $120.00
2013-10-30 Boost Price Target Stifel Nicolaus Buy $103.00 to $123.00
2013-10-16 Boost Price Target Jefferies Group $110.00 to $115.00
2012-01-11
2010-08-03 Reiterated Deutsche Bank Hold $50 to $52
2009-07-29 Upgrade JP Morgan Underweight to Neutral
2016-07-06 Reiterated Rating Jefferies Group Hold
2016-07-01 Reiterated Rating Barclays Overweight $120.00
2016-07-01 Reiterated Rating Barclays PLC Overweight $120.00
2016-06-30 Reiterated Rating Nomura Sell
2016-06-30 Reiterated Rating Nomura Holdings Inc. Sell

There is presents forecasts of rating agencies and recommendations for investors about this ticker

Major Shareholders

Name Relationship Total Shares Holding stocks
GATES WILLIAM H III 10.24%  (30685554) ECL / MSFT /
BAKER DOUGLAS M JR Chairman and CEO 0.16%  (466115) ECL / TGT / USB /
SCHMECHEL DANIEL J Chief Financial Officer 0.05%  (142981) ECL /
HANDLEY THOMAS W President and COO 0.03%  (80865) ECL / FUL / RSG /
JOHNSON JOEL W 0.03%  (78834) ECL / MDP / USB /
BILLER LESLIE S 0.02%  (67310) ECL / STSA /
McCormick Michael C. Ex.VP, GC & Asst. Secretary 0.02%  (51528) ECL /
GRUNDHOFER JERRY A 0.02%  (51193) ECL /
Taylor Stephen M EVP and Pres. - Global Energy 0.02%  (49851) ECL /
LUMPKINS ROBERT L 0.02%  (49328) ECL / MOS /
Hickey Michael A Ex.VP & Pres. Institutional 0.02%  (47020) ECL / SXI /
Berger Larry L Executive VP & CTO 0.01%  (34962) ECL /
LEVIN JERRY W 0.01%  (32821) ECL / LO / USB /
Beck Christophe EVP and Regions President 0.01%  (25149) ECL /
SEIFERT JAMES J Ex.VP, Gen. Counsel & Secy. 0.01%  (23921) ECL /
ZILLMER JOHN J 0.01%  (23365) CSX / ECL / RAI / VRTV /
Inchaustegui Roberto EVP & Pres.-Global Serv & Spec 0.01%  (22602) ECL /
BECK BARBARA 0.01%  (22420) ECL /
Wyant Jill S EVP & Pres. - Global F&B 0.01%  (20393) ECL /
Mulhere Timothy P EVP & Pres-Global Water 0.01%  (19682) ECL /
REICH VICTORIA 0.01%  (18533) ECL / HRB / INGR /
HIGGINS ARTHUR J 0.01%  (16170) DEPO / ECL / ENDP / ZMH /