This page uses Cookies. Ecolab has an excellent track record of profitability and growth and is one of the few companies to have a dividend growth streak of at least 25 years. Ecolab generates steady growth. He graduated from the State University of New York College of Environmental Science and Forestry (2012) with a Bachelor of Science in Bioprocess Engineering and from Carnegie Mellon University (2016) with a Master of Science in Materials Science & Engineering. However, Ecolab’s management lowered its guidance for adjusted earnings-per-share to … Overall, Ecolab is in more than 1 million customer locations in over 170 countries around the world. Ecolab often spends more than a $1 billion on the innovation pipeline. In 2013, Ecolab acquired Champion Technologies for $2 billion to significantly enhance its position in the upstream energy services market. In 2017, Ecolab announced the acquisition of Georgia Pacific’s paper chemicals business. More specifically, they increased the company’s exposure to industrial production and energy markets, perhaps adding some volatility to an otherwise stable business model. With a low payout ratio below 40% and potential to deliver double-digit earnings growth in the years ahead, Ecolab should comfortably increase its dividend in the high single-digit to low double-digit range going forward. Scores of 50 are average, 75 or higher is very good, and 25 or lower is considered weak.

Still, the midpoint would represent an 11.4% increase from the previous year, a strong growth rate for this Dividend Aristocrat.

From a dividend yield perspective, ECL’s current 1.1% yield is about in line with its five-year average dividend yield of 1.1%. That long-term trend has hurt many packaged-food specialists, but not the spice and flavorings giant McCormick. Ecolab’s many competitive advantages include scale, a strong reputation among its customers, and innovation. Cumulative Growth of a $10,000 Investment in Stock Advisor, 3 Dividend Aristocrats to Buy and Hold Forever @themotleyfool #stocks $ECL $APD $MKC, Maxx Chatsko, Demitri Kalogeropoulos, and Brian Feroldi, modestly underperform on that goal in 2019, Ecolab Inc (ECL) Q1 2020 Earnings Call Transcript, Ecolab Inc (ECL) Q2 2019 Earnings Call Transcript, Ecolab Rides 44% Tax Expense Reduction to a Strong 2019 Start, Ecolab Expects Double-Digit Earnings Growth in 2019 (Sort of), 8,545 Reasons to Closely Watch These 2 Oil Stocks in 2019, Copyright, Trademark and Patent Information. Second, management uses its financial strength to buy complementary businesses. The company sells a variety of sanitation and cleaning solutions to a diverse customer base. For clear evidence of Ecolab’s competitive advantages, look no further than its performance during the Great Recession: Ecolab’s growth during the Great Recession was truly remarkable. Given ECL’s premium P/E multiple, the company needs to deliver on that guidance to generate reasonable total returns for shareholders going forward, and I would prefer to wait for a better entry point. This is about half the average dividend yield of the S&P 500 Index. Management refers to R&D spending as its “innovation pipeline”. Ecolab serves more than 1 million customer locations, spread across more than 170 countries. Today, Ecolab is the industry leader and generates annual sales of roughly $15 billion. Ecolab’s recession performance makes abundantly clear that the company holds sustainable competitive advantages. window.mc4wp.listeners.push({ Since tracking the data, companies cutting their dividends had an average Dividend Safety Score below 20 at the time of their dividend reduction announcements. In fact, the company estimates that the world will require 40% more water, 35% more food, and 30% more energy by 2030, and Ecolab’s solutions will almost certainly play a major role in helping the planet get there in an efficient manner. This article will examine the various factors behind Ecolab’s rise to prominence. It's a dividend aristocrat-- a company that has raised its dividend for more than 25 consecutive years -- and has raised its earnings at 11% a year over the last 20 years. But the dividend giant, which owns dozens of spices, herbs, seasonings, and flavorings franchises, is still outgrowing the industry with its core brands. Ecolab, Incorporated, based in St. Paul, Minnesota, provides a variety of products and services to industrial and commercial customers that enhance food and water safety and reduce the environmental impact of its customers’ businesses. Nalco provides chemical and water treatment services to the petroleum and petrochemical industries, specifically to oilfield services and refineries. Through the first three quarters of 2019, Ecolab has seen adjusted earnings-per-share increase 12.1%.

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