Ecolab (ECL) Stock

ECL is benefiting from its solid performance in different areas and a better operating margin.

ST. PAUL, Minn.--(BUSINESS WIRE)--Ecolab Inc.'s board of directors has announced a 14% rise in the quarterly cash dividend, bringing it to $0.65 per common share. This dividend will be paid on January 15, 2025, to shareholders who are on record by the end of business on December 17, 2024. This increase marks Ecolab's 33rd consecutive year of raising its dividend, with a new annual cash dividend of $2.60 per share for 2025.

Ecolab has shown impressive financial performance, achieving 4% growth in organic revenue and a 22% increase in adjusted operating profit. However, I think the stock is overpriced and have given it a 'Sell' rating, estimating its fair value at $220 per share. While the pest control and infection prevention sectors are expected to expand, challenges from rising costs and competition could be problematic.

Ecolab (ECL) has the potential to deliver impressive returns due to its strong growth characteristics.

Ecolab, Inc. (NYSE:ECL) will hold its Q3 2024 Earnings Conference Call on October 29, 2024, at 1:00 PM ET. The call will feature company representatives, including Andy Hedberg, Christophe Beck, and Scott Kirkland, along with various participants from different financial institutions. Please note that this conference is being recorded.

Ecolab's strong performance in most of its areas contributes to its sales in the third quarter.

The main figures for Ecolab (ECL) provide an overview of the company's performance for the quarter that ended in September 2024. However, it could be useful to compare some important metrics with Wall Street predictions and the results from the same period last year.

Anthony Forcione, the vice president of Rockland Trust, appears on 'Power Lunch' to talk about investment strategies for three different stocks.

ECL's results for the third quarter are expected to show ongoing strength in different areas.