The Ecolab (ECL) share performance appears to be a mixed bag, trading both below and above its competitive market average on different occasions. Notably, various investment entities including the Lazard Asset Management and Shell Asset Management have sold their shares, while Mitsubishi UFJ Trust & Banking and Osaic Holdings among others followed suit. On the positive side, ECL has performed strongly, beating analysts' expectations on several occasions and delivered a 37% gain to those who invested a year ago. Their Q4 earnings were notable, with increases in net sales and adjusted EPS. A spike in the share prices reached a new 52-week high at $246.52. In terms of future perspectives, several analysts predict a 15% gain in earnings and the company has recently raised its FY24 outlook. Rumor has it that Ford will be supplying Ecolab with over 1,000 Lightning, Mustang Mach-E EVs. Ecolab was also awarded the prestigious 2024 Great Place to Work Certification in Southeast Asia. Ownership is significant with institutional shareholders owning up to 78% of the company. Concerns persist about the company's high valuation and recent divestment of their global surgical unit for $950M.
Ecolab ECL News Analytics from Sun, 29 Oct 2023 07:00:00 GMT to Sun, 28 Jul 2024 20:02:49 GMT - Rating 2 - Innovation 4 - Information 7 - Rumor -1
