TD Asset Management Inc Has $33.16 Million Holdings in Ecolab Inc. (NYSE:ECL)

Key Points

• TD Asset Management Inc increased its holdings in Ecolab Inc. by 30.0%, bringing the total value of its investment to $33.16 million.
• Institutional investors currently own 74.91% of Ecolab's stock, with notable increases from various hedge funds during the first quarter.
• Ecolab recently reported quarterly earnings of $1.50 EPS, aligning with analysts' expectations, but noted a 1.5% decline in revenue year-over-year.

TD Asset Management Inc increased its holdings in shares of Ecolab Inc. (NYSE:ECL - Free Report) by 30.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 130,782 shares of the basic materials company's stock after buying an additional 30,218 shares during the quarter. TD Asset Management Inc's holdings in Ecolab were worth $33,156,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in ECL. Dunhill Financial LLC raised its stake in Ecolab by 176.7% during the 1st quarter. Dunhill Financial LLC now owns 119 shares of the basic materials company's stock worth $30,000 after buying an additional 76 shares during the period. Navigoe LLC acquired a new stake in Ecolab during the 4th quarter worth $31,000. Accredited Wealth Management LLC acquired a new stake in Ecolab during the 4th quarter worth $33,000. Olde Wealth Management LLC bought a new position in Ecolab during the 1st quarter worth about $38,000. Finally, City Holding Co. bought a new position in Ecolab during the 1st quarter worth about $39,000. Institutional investors and hedge funds own 74.91% of the company's stock.

Insider Buying and Selling

In other Ecolab news, Director David Maclennan purchased 500 shares of Ecolab stock in a transaction that occurred on Wednesday, May 7th. The stock was acquired at an average price of $251.75 per share, for a total transaction of $125,875.00. Following the completion of the acquisition, the director owned 19,465 shares of the company's stock, valued at approximately $4,900,313.75. This trade represents a 2.64% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.04% of the company's stock.

Ecolab Stock Down 0.6%

Ecolab stock opened at $270.09 on Tuesday. The firm has a market capitalization of $76.61 billion, a PE ratio of 36.70, a P/E/G ratio of 2.92 and a beta of 1.03. The company's 50-day moving average is $266.73 and its 200-day moving average is $256.02. Ecolab Inc. has a fifty-two week low of $220.96 and a fifty-two week high of $274.17. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.32 and a quick ratio of 0.98.

Ecolab (NYSE:ECL - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The basic materials company reported $1.50 EPS for the quarter, hitting analysts' consensus estimates of $1.50. Ecolab had a return on equity of 22.53% and a net margin of 13.41%. The business had revenue of $3.70 billion during the quarter, compared to analysts' expectations of $3.71 billion. During the same quarter last year, the company posted $1.34 earnings per share. Ecolab's quarterly revenue was down 1.5% on a year-over-year basis. Sell-side analysts anticipate that Ecolab Inc. will post 7.54 earnings per share for the current year.

Ecolab Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Tuesday, June 17th were issued a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a yield of 0.96%. The ex-dividend date was Tuesday, June 17th. Ecolab's payout ratio is currently 35.33%.

Analyst Ratings Changes

A number of equities analysts have issued reports on ECL shares. Robert W. Baird lowered their target price on Ecolab from $277.00 to $273.00 and set a "neutral" rating for the company in a report on Wednesday, April 30th. Citigroup increased their target price on Ecolab from $285.00 to $325.00 and gave the stock a "buy" rating in a report on Thursday, July 3rd. Seaport Res Ptn upgraded Ecolab from a "hold" rating to a "strong-buy" rating in a report on Monday, April 21st. Wells Fargo & Company set a $260.00 target price on Ecolab and gave the stock an "equal weight" rating in a report on Tuesday, May 20th. Finally, Stifel Nicolaus lowered their target price on Ecolab from $307.00 to $303.00 and set a "buy" rating for the company in a report on Wednesday, April 30th. Five analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, Ecolab has an average rating of "Moderate Buy" and an average price target of $288.33.

Ecolab Profile

Ecolab Inc provides water, hygiene, and infection prevention solutions and services in the United States and internationally. The company operates through three segments: Global Industrial; Global Institutional & Specialty; and Global Healthcare & Life Sciences. The Global Industrial segment offers water treatment and process applications, and cleaning and sanitizing solutions to manufacturing, food and beverage processing, transportation, chemical, metals and mining, power generation, pulp and paper, commercial laundry, petroleum, refining, and petrochemical industries.

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