ECL Stock Summary and Trading Ideas (Ecolab | NYSE:ECL)

Ecolab produces and markets cleaning and sanitation products for the industrial manufacturing, hospitality, healthcare, and life sciences markets. The firm is the global market share leader in this category with a wide array of products and services, including dish and laundry washing systems, pest control, and infection control products. Additionally, Ecolab sells customized water management solutions across its end markets. The company has a strong hold on the U.S. market and is growing its presence abroad.

Ecolab trades on the NYSE stock market under the symbol ECL.

As of April 18, 2024, ECL stock price declined to $219.21 with 865,968 million shares trading.

ECL has a beta of 1.14, meaning it tends to be more sensitive to market movements. ECL has a correlation of 0.48 to the broad based SPY ETF.

ECL has a market cap of $62.67 billion. This is considered a Large Cap stock.

Last quarter Ecolab reported $4 billion in Revenue and $1.55 earnings per share. This beat revenue expectation by $8 million and exceeded earnings estimates by $.01.

In the last 3 years, ECL stock traded as high as $238.93 and as low as $131.04.

The top ETF exchange traded funds that ECL belongs to (by Net Assets): VTI, VOO, SPY, IVV, VUG.

ECL has outperformed the market in the last year with a return of +35.0%, while the SPY ETF gained +22.3%. In the last 3 month period, ECL beat the market returning +11.3%, while SPY returned +6.1%. However, in the most recent 2 weeks ECL has underperformed the stock market by returning -4.0%, while SPY returned -3.8%.

ECL support price is $217.03 and resistance is $221.47 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that ECL stock will trade within this expected range on the day.