Toronto Dominion Financial institution trimmed its place in Ecolab Inc. (NYSE:ECL – Free Report) by 12.4% throughout the second quarter, HoldingsChannel.com stories. The institutional investor owned 126,081 shares of the fundamental supplies firm’s inventory after promoting 17,769 shares throughout the interval. Toronto Dominion Financial institution’s holdings in Ecolab had been value $30,007,000 as of its most up-to-date submitting with the Securities and Trade Fee (SEC).
Different institutional traders additionally not too long ago purchased and offered shares of the corporate. Campbell & CO Funding Adviser LLC bought a brand new stake in shares of Ecolab within the fourth quarter valued at about $749,000. Cetera Advisors LLC raised its stake in shares of Ecolab by 84.3% throughout the 1st quarter. Cetera Advisors LLC now owns 13,415 shares of the fundamental supplies firm’s inventory value $3,098,000 after shopping for an extra 6,137 shares within the final quarter. Cibc World Markets Corp lifted its holdings in shares of Ecolab by 527.9% within the 4th quarter. Cibc World Markets Corp now owns 87,915 shares of the fundamental supplies firm’s inventory valued at $17,438,000 after shopping for an extra 73,913 shares throughout the interval. DZ BANK AG Deutsche Zentral Genossenschafts Financial institution Frankfurt am Major boosted its stake in shares of Ecolab by 5.9% within the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Financial institution Frankfurt am Major now owns 1,128,977 shares of the fundamental supplies firm’s inventory valued at $223,933,000 after shopping for an extra 62,434 shares within the final quarter. Lastly, GAMMA Investing LLC grew its holdings in Ecolab by 50.9% throughout the second quarter. GAMMA Investing LLC now owns 4,922 shares of the fundamental supplies firm’s inventory value $1,171,000 after buying an extra 1,660 shares throughout the interval. 74.91% of the inventory is owned by institutional traders and hedge funds.
Insider Shopping for and Promoting
In different information, Director David Maclennan bought 650 shares of the corporate’s inventory in a transaction on Friday, August 2nd. The inventory was purchased at a mean value of $240.41 per share, for a complete transaction of $156,266.50. Following the completion of the acquisition, the director now instantly owns 17,967 shares of the corporate’s inventory, valued at roughly $4,319,446.47. The acquisition was disclosed in a authorized submitting with the Securities & Trade Fee, which is accessible via the SEC web site. In different Ecolab information, Director Victoria Reich offered 393 shares of the enterprise’s inventory in a transaction that occurred on Thursday, September twelfth. The shares had been offered at a mean worth of $250.00, for a complete transaction of $98,250.00. Following the completion of the sale, the director now instantly owns 24,041 shares within the firm, valued at $6,010,250. The transaction was disclosed in a authorized submitting with the SEC, which is out there via this hyperlink. Additionally, Director David Maclennan purchased 650 shares of the enterprise’s inventory in a transaction dated Friday, August 2nd. The inventory was acquired at a mean value of $240.41 per share, for a complete transaction of $156,266.50. Following the acquisition, the director now owns 17,967 shares within the firm, valued at roughly $4,319,446.47. The disclosure for this buy may be discovered right here. Company insiders personal 0.04% of the corporate’s inventory.
Wall Avenue Analyst Weigh In
Quite a few equities analysis analysts have commented on the corporate. Royal Financial institution of Canada raised their goal worth on Ecolab from $260.00 to $306.00 and gave the corporate an “outperform” ranking in a report on Monday, September sixteenth. Citigroup raised Ecolab from a “impartial” ranking to a “purchase” ranking and decreased their worth goal for the inventory from $267.00 to $265.00 in a analysis notice on Wednesday, July thirty first. Robert W. Baird raised their worth goal on Ecolab from $243.00 to $267.00 and gave the corporate a “impartial” ranking in a analysis notice on Wednesday, July thirty first. JPMorgan Chase & Co. boosted their goal worth on Ecolab from $225.00 to $228.00 and gave the inventory a “impartial” ranking in a analysis report on Wednesday, July thirty first. Lastly, UBS Group lowered their goal worth on Ecolab from $288.00 to $276.00 and set a “purchase” ranking on the inventory in a report on Thursday, August fifteenth. Six equities analysis analysts have rated the inventory with a maintain ranking, ten have given a purchase ranking and one has assigned a robust purchase ranking to the corporate’s inventory. In line with MarketBeat.com, Ecolab presently has a mean ranking of “Reasonable Purchase” and a consensus worth goal of $262.21.
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Ecolab Buying and selling Up 0.2 %
Shares of ECL inventory opened at $254.82 on Thursday. The corporate has a market capitalization of $72.51 billion, a price-to-earnings ratio of 47.19, a PEG ratio of two.57 and a beta of 1.13. Ecolab Inc. has a twelve month low of $156.72 and a twelve month excessive of $255.99. The corporate has a present ratio of 1.50, a fast ratio of 1.10 and a debt-to-equity ratio of 0.91. The agency has a 50-day transferring common worth of $244.78 and a 200 day transferring common worth of $236.45.
Ecolab (NYSE:ECL – Get Free Report) final launched its earnings outcomes on Tuesday, July thirtieth. The essential supplies firm reported $1.68 EPS for the quarter, beating the consensus estimate of $1.67 by $0.01. The agency had income of $3.99 billion throughout the quarter, in comparison with analyst estimates of $4.03 billion. Ecolab had a return on fairness of 21.65% and a internet margin of 10.95%. The enterprise’s quarterly income was up 3.5% in comparison with the identical quarter final yr. Throughout the identical interval within the prior yr, the agency posted $1.24 earnings per share. Analysis analysts forecast that Ecolab Inc. will put up 6.65 earnings per share for the present fiscal yr.
Ecolab Dividend Announcement
The corporate additionally not too long ago introduced a quarterly dividend, which shall be paid on Tuesday, October fifteenth. Traders of report on Tuesday, September seventeenth shall be given a $0.57 dividend. This represents a $2.28 annualized dividend and a dividend yield of 0.89%. The ex-dividend date is Tuesday, September seventeenth. Ecolab’s dividend payout ratio (DPR) is at present 42.22%.
About Ecolab
Ecolab Inc offers water, hygiene, and an infection prevention options and companies in america and internationally. The corporate operates via three segments: World Industrial; World Institutional & Specialty; and World Healthcare & Life Sciences. The World Industrial phase gives water remedy and course of purposes, and cleansing and sanitizing options to manufacturing, meals and beverage processing, transportation, chemical, metals and mining, energy technology, pulp and paper, industrial laundry, petroleum, refining, and petrochemical industries.
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