Ecolab Inc. (ECL) Stake Boosted by TD Asset Management Inc.

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TD Asset Management Inc. grew its holdings in Ecolab Inc. (NYSE:ECL) by 9.2% during the 1st quarter, Holdings Channel reports. The firm owned 121,770 shares of the basic materials company’s stock after purchasing an additional 10,237 shares during the quarter. TD Asset Management Inc.’s holdings in Ecolab were worth $21,498,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of ECL. Harfst & Associates Inc. boosted its position in Ecolab by 3.5% during the first quarter. Harfst & Associates Inc. now owns 1,638 shares of the basic materials company’s stock valued at $289,000 after purchasing an additional 55 shares during the last quarter. Sowell Financial Services LLC lifted its holdings in Ecolab by 1.6% during the 4th quarter. Sowell Financial Services LLC now owns 3,824 shares of the basic materials company’s stock worth $564,000 after purchasing an additional 60 shares during the last quarter. Page Arthur B lifted its holdings in Ecolab by 4.1% during the 1st quarter. Page Arthur B now owns 1,510 shares of the basic materials company’s stock worth $267,000 after purchasing an additional 60 shares during the last quarter. Cullen Frost Bankers Inc. lifted its holdings in Ecolab by 1.2% during the 1st quarter. Cullen Frost Bankers Inc. now owns 5,021 shares of the basic materials company’s stock worth $886,000 after purchasing an additional 60 shares during the last quarter. Finally, Rothschild Investment Corp IL lifted its holdings in Ecolab by 5.1% during the 4th quarter. Rothschild Investment Corp IL now owns 1,450 shares of the basic materials company’s stock worth $214,000 after purchasing an additional 70 shares during the last quarter. Institutional investors own 75.60% of the company’s stock.

In other news, EVP Angela M. Busch sold 3,027 shares of Ecolab stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $172.26, for a total value of $521,431.02. Following the transaction, the executive vice president now owns 18,907 shares in the company, valued at approximately $3,256,919.82. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Daniel J. Schmechel sold 9,799 shares of Ecolab stock in a transaction on Friday, March 1st. The shares were sold at an average price of $169.93, for a total value of $1,665,144.07. Following the completion of the transaction, the chief financial officer now owns 171,040 shares in the company, valued at approximately $29,064,827.20. The disclosure for this sale can be found here. In the last quarter, insiders sold 339,633 shares of company stock worth $58,450,959. Corporate insiders own 1.52% of the company’s stock.

Ecolab stock opened at $182.48 on Friday. Ecolab Inc. has a one year low of $135.77 and a one year high of $186.34. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.75 and a current ratio of 1.14. The firm has a market cap of $52.60 billion, a price-to-earnings ratio of 34.76, a P/E/G ratio of 2.49 and a beta of 0.89.

Ecolab (NYSE:ECL) last posted its quarterly earnings data on Tuesday, April 30th. The basic materials company reported $1.03 EPS for the quarter, topping the Zacks’ consensus estimate of $1.02 by $0.01. Ecolab had a return on equity of 19.50% and a net margin of 10.06%. The firm had revenue of $3.51 billion for the quarter, compared to analyst estimates of $3.57 billion. During the same quarter last year, the company earned $0.91 EPS. The company’s revenue was up 1.0% on a year-over-year basis. Equities research analysts expect that Ecolab Inc. will post 5.9 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Tuesday, June 18th will be paid a $0.46 dividend. The ex-dividend date of this dividend is Monday, June 17th. This represents a $1.84 annualized dividend and a dividend yield of 1.01%. Ecolab’s payout ratio is 35.05%.

ECL has been the subject of several research reports. Zacks Investment Research cut Ecolab from a “hold” rating to a “sell” rating in a report on Tuesday, January 29th. Boenning Scattergood reissued a “buy” rating and set a $210.00 price target on shares of Ecolab in a report on Tuesday, February 5th. Seaport Global Securities reissued a “neutral” rating on shares of Ecolab in a report on Tuesday, February 5th. JPMorgan Chase & Co. cut Ecolab from an “overweight” rating to a “neutral” rating and lifted their price target for the stock from $157.00 to $167.00 in a report on Wednesday, February 20th. Finally, Canaccord Genuity restated a “buy” rating and set a $186.00 price objective (up previously from $160.00) on shares of Ecolab in a research note on Wednesday, February 20th. Eleven investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $180.93.

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Ecolab Profile

Ecolab Inc provides water, hygiene, and energy technologies and services worldwide. The company operates through Global Industrial, Global Institutional, Global Energy, and Other segments. The Global Industrial segment offers water treatment and process applications, and cleaning and sanitizing solutions primarily to industrial customers within the manufacturing, food and beverage processing, transportation, chemical, primary metals and mining, power generation, pulp and paper, pharmaceutical, and commercial laundry.

Further Reading: What is the Quick Ratio?

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Institutional Ownership by Quarter for Ecolab (NYSE:ECL)

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