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 |
|
Operating income
|
|
Net income
|
|
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.
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 |
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
In ECL 832 funds of 2213 total. Show all
Fund name | Ticker shares |
---|---|
Vanguard Group, Inc | 22.05M |
BlackRock Inc. | 20.07M |
WELLINGTON MANAGEMENT CO LLP | 11.45M |
STATE STREET CORP | 11.30M |
BlackRock Institutional Trust Company, N.A. | 6.95M |
Aristotle Capital Management, LLC | 5.58M |
BILL & MELINDA GATES FOUNDATION TRUST | 4.87M |
GEODE CAPITAL MANAGEMENT, LLC | 4.44M |
BlackRock Fund Advisors | 4.09M |
MORGAN STANLEY | 3.49M |
BANK OF AMERICA CORP /DE/ | 3.47M |
PICTET ASSET MANAGEMENT LTD | 3.40M |
FRANKLIN RESOURCES INC | 3.31M |
ROYAL BANK OF CANADA | 3.02M |
UBS GLOBAL ASSET MANAGEMENT AMERICAS INC | 2.93M |
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 / |